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…
The Russian Economic Development Ministry will suggest the government privatize another 8% in uncut diamond mining giant ALROSA in 2017, Minister Alexei Ulyukayev reported. In July, the government sold 10.9% in state-run ALROSA to private investors for 52.181 billion rubles on the Moscow Exchange. “We’ve put forward this option. We will continue to suggest it…
Oil major Rosneft will join OPEC in its efforts to cut production if such decision is taken and ensure that the Russian policy is fulfilled, spokesman Mikhail Leontyev reported. “Of course, the company will comply with it, if the decision is made, we will fully ensure compliance with state policies, will do everything it will…
Russian oil major Lukoil, which was earlier named as one of the main contenders for the government’s stake in oil company Bashneft, has dropped plans to participate in privatization due to its high price, Vice President Leonid Fedun reported. “It is too expensive”, he said. “We’ve made a preliminary bid, but we understand a price…