Russia: grain harvest forecast lowered

In the current year, the general grain harvest in Russia will not exceed 113 million tons in clean weight, the Director of the Department of plant growing, chemicalization and plant protection at the Ministry of Agriculture Petr Chekmarev announced. The Ministry lowered the forecast of maximum harvest volumes from 116 million tons to 113 million…

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Belarus: Mogilevliftmash investments in production development up in January-August 2016

OAO Mogilevliftmash elevator plant says it has invested Br6.3 million ($3.234 million) in production development in January-August, up by 7.9% YoY. The money spent on equipment purchases account for 83% of the total investment – Br5 million ($2.567 million): Mogilevliftmash purchased 8 units of equipment, including a paintshop for supersized parts (by Spain’s LAGOS S.A.),…

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Azerbaijan: IBA to be privatized

The ultimate goal of recovering the International Bank of Azerbaijan is to reduce its assets and liabilities and the bank’s privatization should be the next step, Azerbaijan’s Finance Minister Samir Sharifov said. He noted that the bank’s recovery was quite a difficult process and it was too early to talk about its completion. “Unfortunately, the…

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