Ukraine: Astarta harvesting campaign

Astarta’s subsidiaries are successfully conducting autumn field works on the harvesting of the technical crops and preparation of soils for the following year. As of the middle of September, the company has already harvested 80% of the area under soybean and 40% under sunflower, the harvesting of the corn has just started. The company carries…

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Russia: auto insurance reform being prepared

Russia’s Finance Ministry has prepared major changes to the compulsory auto liability insurance, known in Russian as OSAGO. Among other amendments, the ministry has proposed to divide OSAGO policies into three types: an “economic package” with current limits of 400,000 rubles for damage to property and 500,000 rubles for injuries, a “standard” package with limits…

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Russia to export helicopters to four African countries in 2016-2017

In 2016-2017, Russia will export the Mil Mi-8/17 and Mi-24/35 helicopters to Angola, Mali, Nigeria and Sudan, Yury Demchenko, the head of the delegation for Russia’s arms exporter, Rosoboronexport, said. Demchenko pointed out that helicopters remained one of the most sought-after types of military hardware in Africa. In 2014-2016, Russian-made helicopters were exported to Angola,…

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Russia: Rosinterbank stops servicing clients

Rosinterbank, included in Russia’s 100 largest banks in terms of assets, has completely stopped providing services to its clients, the bank said. “Individual and corporate clients will not be serviced at Rosinterbank’s offices and branches starting from September 15, in order to stabilize the bank’s financial performance”, the bank’s statement said. A source reported that…

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Turkmenistan: main areas of development for 2017 named

Turkmenistan’s President Gurbanguly Berdimuhamedov has named the main vectors of the country’s socio-economic development which will be taken into account in the draft 2017 state budget. The president noted that the country would continue the reforms on the integrated diversified economic development. These reforms envisage the implementation of major investment projects of international and regional…

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Russia: MADI starts developing new amphibious platform

The Moscow Automobile and Road Construction State Technical University (MADI) has started developing a versatile amphibious platform for light, extra light and heavy vehicles operational with the Airborne Force, the Airborne Force’s press office said. “The Airborne Force and top specialists of the Moscow Automobile and Road Construction State Technical University have started jointly developing…

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