OPEC has increased its forecast for Russia’s oil output in 2016 by 50,000 barrels per day (bpd) to 11.04 million barrels a day, up by 190,000 barrels YoY. The forecast for the country’s daily oil production in 2017 also amounts to 11.04 million barrels. But the U.S. daily oil output is expected to fall by…
The further inflow rate of German investments in Ukraine’s economy will directly depend on the pace of economic reforms in Ukraine. Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany to Ukraine Ernst Reichel has stated this during the opening ceremony of the Ukrainian-German Business Forum. “We cannot force our companies to enter Ukraine…
During the “ICT Global Leadership Forum” in Seoul, the capital of South Korea, Ukrainian Education and Science Minister Liliya Hrynevych made a presentation called “ICT and education in Ukraine” and described the development of information and communication technologies and how they would be applied to reforms in the secondary education in Ukraine. “The ICT field…
Belarus’ foreign trade surplus totaled $181.3 million in January-August compared to a $1.081 billion surplus in January-August 2015, the National Bank of Belarus said in an online report. The overall turnover of commodities and services in foreign trade shrank by 12.7% YoY to $38.138 billion. Exports of commodities and services reduced by 14.4% YoY to…
The government expects the auction to sell Odessa Port Plant to take place before the end of the current year. This was stated by Prime Minister of Ukraine Volodymyr Groysman during his conversation with journalists at the opening of the company Bila Tserkva Plant of Preparation Forms. Volodymyr Groysman noted that the government was waiting…
Russian oil companies will cut their output if the government decides to decrease it, Leonid Fedun, the vice president at oil major Lukoil, reported. On October 10, president Vladimir Putin said that the country was ready to join OPEC in a freeze of oil production, if such an agreement was reached. “Joint actions of all…
The Russian government has not rejected the idea of creation of an international financial center in the country, but will develop a new road map for the project, Deputy Finance Minister Alexei Moiseyev reported. “We have not rejected the international financial center, we have fulfilled the previous road map. Now we are developing a new…