Russia to resume Burgas – Alexandroupolis oil pipeline project

Burgas-Alexandroupolis oil pipeline project may be resumed in case of difficulties with navigation through the Black Sea straits, Chief Executive Officer of the Russian pipeline operator Nikolai Tokarev said. “We have just recently received a formal notice of they support prospects of Burgas-Alexandroupolis oil pipeline project. They are against winding-up a management company created for…


Russia: court upholds decision on Louboutin action against perfumery suppliers

The Moscow Ninth Appellation Court upheld the decision under the lawsuit of designer Christian Louboutin against Russian perfumery suppliers. The Moscow Arbitration Court earlier ordered to collect over 24 million rubles ($375,445) for violation of trademark rights. “The decision of the Moscow Arbitration Court of April 22, should be left unchanged and appeals should not…


Russia: inventors create mini-helicopter

Russian inventors from Aeromechanics Company unveil Micron gyrocopter. They’ve created what’s believed to be one of the smallest and lightest helicopters in the world. The invention weighs only 115 kilograms and can reach speeds of up to 120 kilometers per hour. The chopper can easily take off from any landing site with a 10-meter diameter.…


Ukraine: grain stocks down

As of July 1, agricultural enterprises (excluding small-scale ones), and grain storage and processing enterprises of Ukraine stocked 7.032 million tons of grains (including 3.013 million tons of wheat, 2.178 million tons of corn, 1.512 million tons of barley, 46.5 thousand tons of rye), down by 839 thousand tons YoY, the State Statistics Service of…


Ukraine: Food and Grain Corporation to buy 3.5 million tons of grain

PJSC State Food and Grain Corporation of Ukraine plans to buy 3.5 million tons of grain of the new harvest, according to the corporation’s press service.

Also, the press service reported that the corporation purchased 3.15 million tons of grain worth over 11 billion UAH in the 2015/2016 marketing year. (Ukrinform/Business World Magazine)

Ukraine: UIA enhances fleet

On July 20, Ukraine International Airlines received the brand new Boeing 737-800 NG aircraft manufactured at Boeing facilities in Seattle, the US. The new Boeing 737-800 NG aircraft can accommodate 186 passengers in two class seating configuration. The aircraft passed an official registration procedure in Ukraine and received the UR-PSR registration number. Therefore, Ukraine International…