Ukraine: Naftogaz profits to reach 16-18 billion UAH in 2016

Profit of national joint-stock company Naftogaz Ukrainy in 2016 could reach 16-18 billion UAH, Naftogaz Head Andriy Kobolev has said. “In H1 2016 profit will be around 21 billion UAH, and we expect 16-18 billion UAH of profit at the end of the year”, he said

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Russia: two carriers get permission to fly to Azerbaijan from new Moscow airport

Two Russian carriers have received a permission to operate flights to Azerbaijan on two routes from the new Zhukovsky International Airport in Moscow, said the website of Russian Federal Air Transport Agency (Rosaviatsia)

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Russia: ministry preparing draft to control local Internet fully

Russia’s communications ministry has worked out draft amendments to the connection law to ensure integrity, faultlessness and stability of local Internet, and the measures were discussed at a meeting on Thursday

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Russia to give 48 billion ruble guarantees to military companies in 2016

The Russian government will grant 48 billion rubles of guarantees to the military companies, which are fulfilling a state order, in 2016, according to a ruling published at the government’s web site for disclosure of legal information

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Russia: over 76 million tons of grains harvested

As of August 18, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the areas of 23.8 million ha (on the same date in 2015 – 21 million ha), or 50

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Ukraine: Nord Stream-2 pipe should ask for Kiev consent

Ukraine’s antimonopoly authority has asked participants of the Russia-led Nord Stream-2 gas pipeline construction to agree terms of the project with Kiev

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Russia: Ministry of Agriculture proposes to zero export duties on wheat

The Ministry of Agriculture of Russia suggested the government to zero the export duties on wheat until July 1, 2017, the head of the department of agribusiness market regulation at the Ministry of Agriculture Vladimir Volik declared

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Ukraine: Zenit launch vehicle production to be resumed

Pivdenmash state-run enterprise (Dnipro) will start production of Zenit launch vehicles in the interests of Sea Launch and Land Launch projects suspended in 2014 after financing of the programs is resumed by the customer

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Russia: WTO panel supports EU pork case in general

The arbiter panel of the World Trade Organization (WTO) in general supports an E.U. case against Russia’s prohibition of imports of its pork products, according to a WTO statement

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Ukraine: army receives over 110 weapon units

The Armed Forces of Ukraine received more than 110 weapons and military equipment units and over 10,000 smoke hand grenades and signal sound-and-light mines last week

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Ukraine: winter rapeseed seeding started

According to Ukrainian Agrarian Ministry, share of oilseeds in the total cropping pattern will be increased by 4% YoY. Having finished winter crops harvesting campaign, agrarians of 16 regions have started winter rapeseed sowing for the 2017 crop

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Ukraine: imports of seeds of high-oleic sunflower up in 2015/2016 MY

In 2015/2016 MY the imports of seeds of high-oleic sunflower to Ukraine (for the harvest-2016) totaled 2.2 thousand tons, up 2.5 times YoY. Due to development of the market of high-oleic sunflower oil in the country, the planted areas under the oilseed started growing, and the demand for seed raw materials and market capacity continues growing

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Ukraine: antitrust prepares a suit to recover $3 billion from Gazprom

Ukraine’s Antimonopoly Committee has prepared a suit forcing Russian gas giant Gazprom to pay a $3 billion fine, the committee’s head Yury Terentyev said

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Ukraine: soybean exports to reach a new record

In June soybean exports from Ukraine reached 236.9 KMT against 170.6 KMT in June 2015. During the current season 2015/2016 (September-June) Ukraine supplied 2178

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Ukraine: Nibulon exports over 4.6 million tons of grains in 2015/2016 MY

In 2015/2016 MY, the Nibulon company shipped 4.66 million tons of grains to foreign markets, up by 14% YoY, the press-service of the company declared

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Ukraine: scientists from Zhytomyr agricultural university win EU grant

A team of scientists from the Zhytomyr National Agroecological University has won the competition of the projects within the Erasmus+ program, which is funded by the European Union

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Belarus to sign draft agreement on EEU Customs Code in December 2016

A draft agreement on the Customs Code of the Eurasian Economic Union (EEU) is expected to be signed at a session of the Supreme Eurasian Economic Council in December, the press service of Belarus’ State Customs Committee said

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Ukraine: new online tool for investment climate evaluation

Insight into investment climate of the country may considerably improve efficiency of business planning and calculation of project profitability

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Belarus: more preferences promised to China-Belarus industrial park resident companies

Belarus intends to offer even more preferences to resident companies of the China-Belarus industrial park Great Stone. Belarusian Economy Minister Vladimir Zinovsky made the statement before the session of the Belarusian-Chinese intergovernmental committee on cooperation on August 18

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Kazakhstan: nearly 2 million tons of grains harvested

According to the regional agricultural departments, as of August 18, Kazakh agrarians harvested grains throughout 941.6 thousand ha, or 6.2% of the planned areas, the Ministry of Agriculture of the Republic of Kazakhstan declared

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Ukraine: Infrastructure ministry to revise all regulatory acts to simplify business development

Ukraine’s Infrastructure Ministry has started the revision of all regulatory acts to see if they comply with the public regulatory policy

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Russia: record volumes of peas exported in July 2016

According to the official statistics figures, in July Russia exported 109.2 thousand tons of peas, up by 63% YoY. Turkey traditionally became the largest buyer of the Russian crop, and purchased 67

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Russia: exports of grains to reach 40 million tons

In 2016/2017 MY, Russia will supply nearly 40 million tons of grains on foreign markets, the head of the department of agribusiness market regulation at the Ministry of Agriculture Vladimir Volik reported

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Belarus: oil processing at Mozyr NPZ down in H1 2016

Russia’s oil company Gazprom Neft has 130,000 tons of crude oil processed on the give-and-take basis at Mozyr NPZ oil refinery in H1 2016, down by 35% YoY

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Belarus: Brest Household Chemicals Plant files for bankruptcy

The Economic Court of Brest Region has started bankruptcy proceedings regarding Brest Household Chemicals Plant, the Finance Ministry of Belarus said in a release

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Belarus: oil product export proceeds down H1 2016

Belarus’ proceeds from oil product exports dropped by 35.3% YoY in January-June to $2.457 billion, a government source reported. In physical terms, Belarus’ oil product exports decreased by 1

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Belarus: oil products export to Latvia up in H1 2016

Belarus’ proceeds from exports of petroleum products to Latvia grew by 55% YoY in January-June to $57 million, a source in the profile ministry reported

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Russia: Auchan to launch 20 cosmetics stores in per year

Auchan Retail Russia, a local unit of French retailer Auchan, plans to open up to 20 Lillapois Beauty cosmetics stores per year with annual investments amounting to about 400 million rubles, Eric Didierdefresse, the project’s head, said

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Belarus: weather conditions and crops development

Summarizing the results of soil moisture content analysis held in mid-August, soil moisture stocks are good at major part of cornfields. Due to rains in the first ten days of August, waterlogging remains a problem in some areas of Vitebsk and in the west of Minsk region where precipitation was often seen

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Ukraine: gas production is top priority for Ukrnafta due to lower royalty

Public joint-stock company Ukrnafta will develop gas production as a top priority direction, as oil royalty is set at a higher level, the company’s press service has reported

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