Russia: RusHydro renovates Volga HPP equipment

Renovation program included the replacement of the hydro turbine, generator, excitation system, hydroelectric unit management and automation system, as well as auxiliaries. The equipment has been renovated in line with RusHydro’s Comprehensive Renovation Program (CRP). The new turbine features an improved design and is highly environmentally friendly. The renovated impeller has 5 blades instead of…

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Ukraine: FUIB starts paying Mykhailivskyi clients

Starting with July 15, PJSC “FUIB” begins to disburse the guaranteed amounts of deposits to the customers of PJSC “Bank “Mykhailivskyi”, that is, to individuals whose funds are subject to compensation by the Private Deposit Guarantee Fund. PJSC “FUIB” disburses funds to depositors who, when concluding bank deposit/account agreement with PJSC “Bank “Mykhailivskyi”, had their…

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Russia: Gazprom, RZD, Transmashholding and Sinara sign agreement on cooperation

Gazprom, Russian Railways, Transmashholding, Russia’s largest manufacturer of rail rolling stock and medium-speed diesel engines, and Sinara Group have entered into an agreement covering the utilization of natural gas as engine fuel. The agreement was signed by Andrei Bokarev, President of Transmashholding, Oleg Belozyorov, President of RZD, Alexey Miller, Chairman of Gazprom’s Management Committee, and…

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Russia: ZMZ profits in H1 2016

Following the results from the first half year 2016 Zavolzhsky Motorny Zavod has got profit in amount of 17,9 million rubles (without VAT) from infrastructure service for residents of industrial park. Particularly the payable infrastructure services for residents of industrial park, i. e. for companies Leoni, Daido Metal Rus, Trelleborg, MobilGasService, Ferrum, NPO Technograd, Project…

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Ukraine: Finance ministry starts internal reform with support of PwC

The Ukrainian Finance Ministry will start internal reform with support of PricewaterhouseCoopers (PwC). The reform aims at improving business processes in the ministry. “The project will be fully financed by international donors and it does not require budget funds spending”, the ministry said after a meeting of Ukrainian Finance Minister Oleksandr Danyliuk, his deputy Yevhen…

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Russia: Egypt purchases wheat

On July 15, Egypt purchased 300 KMT of milling wheat from Romania and Russia for shipment during August 21-30, at the average price of $175.16/MT C&F. The price in the previous tender equaled $173.03/MT C&F. In the previous tender, on July 12, Egypt bought 180 KMT of Ukrainian and Russian wheat to be shipped during…

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Azerbaijan and Afghanistan mull creation of joint enterprises

Azerbaijan and Afghanistan discussed the creation of joint enterprises to produce food products, said Azerbaijan’s Economy Ministry. The discussions were held within the meeting of Azerbaijan’s Economy Minister Shahin Mustafayev with Afghanistan’s Ambassador to Azerbaijan Mohammad Taqi Khalili. The economic cooperation between the two countries and other issues of mutual interest were also discussed during…

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Russia: AGCO-RM and the Ministry of Agriculture sign agreement for provision of subsidies for tillage equipment

AGCO-RM (a joint venture of AGCO, the international manufacturer of agricultural equipment, and the Russian corporation “Russian Machines”, part of the Basic Element Industrial Group) and the Ministry of Agriculture of the Russian Federation have signed an agreement for provision of subsidies for tillage and seeding equipment under Challenger brand. The subsidies will cover up…

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