Belarus plans to sign an agreement with the Export-Import Bank of China to promote Chinese direct investments to the tune of about $5 billion, Belarus’ Economy Minister Vladimir Zinovsky reported. “During this visit (the state visit of Belarus President Alexander Lukashenko to the People’s Republic of China on September 28-30) a loan agreement with the…
Ukraine, that lost three places in the Global Competitiveness Index (GCI) published by the World Economic Forum a year ago, has fallen six places more and was 85th among 138 countries. Ukraine had low scores in the following areas: financial market development (130th), institutions (129th), macroeconomic environment (128th), goods market efficiency (108th) and business sophistication…
The results of a survey of agrarians of Ukraine conducted by the Ukrainian Agribusiness Club (UCAB), showed a significant improvement relative to August 2015 of the business climate in Ukraine agriculture, the press service of the UCAB reports. “In August for the first time since the introduction of ABI, the business climate in Ukraine’s agriculture…
Ukraine’s State Property Fund (SPF) seeks to sell private joint-stock company President Hotel, 51% of shares in Zaporozhye Titanium and Magnesium Works and 50% in public joint-stock company Azovmash. This is outlined in the fund resolution No. 1763 dated September 23. In addition, the fund intends to sell almost 100% of shares in Ukrainian Bank…
The current zero rates of export duties on Russian wheat will not reduce federal budget income, the Deputy Minister of Finance Ilya Trunin declared. According to him, the Ministry does not expect for any budget losses in connection with such a decision. The government of the Russian Federation zeroed down the export duties for wheat…
Russian fertilizer producer EuroChem has agreed with its shareholders on a $1 billion perpetual loan with a possible expansion to $1.5 billion to balance its covenant debt, a representative of the company reported. “This is a contribution into the capital, through providing a ‘perpetual loan’. The sum is $1 billion and can be raised to…
Iran has not received any offers to be excepted from an oil production freeze deal from OPEC, Iranian Oil Minister Bijan Zangeneh reported. On Tuesday, a high-ranking source in the Algerian delegation to the International Energy Forum said that Saudi Arabia was ready to cut its oil production to January levels if Iran froze its…