Business World Magazine: четверг, сентября 01, 2016

Business World Magazine

01.09.2016

Ukraine: grains and oilseeds exports to China going on

The Ukrainian party continues to successfully export products of plant origin to the People`s Republic of China in accordance with the international contracts of Ukraine, the State Service of Ukraine on Food Safety and Consumer Protection declared

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Russia: Gazprom establishes new company in Berlin

The new company – Gazprom NGV Europe – is a wholly-owned subsidiary of Gazprom Germania GmbH and will continue its CNG business. Gazprom NGV Europe currently operates 50 natural gas filling stations in Germany and has already constructed a further ten filling stations in the Czech Republic and Poland

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Russia: watchdog opposes excise duty on sweetened beverages

Russia’s Federal Antimonopoly Service believes that a decision to introduce an excise duty on sugar-containing beverages will lead to higher food prices, a lower purchasing power and falling budget revenues, Anna Mirochinenko, director of the service’s chemical and agriculture industries control department, said

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Russia: ministry needing extra 2.5 trillion rubles for budget

Russia’s Finance Ministry plans to collect additional 2.5 trillion rubles in 2017-2019 to finance budget deficit. The ministry wants to raise taxes, mobilize revenues and deplete sovereign funds in 2017-2019, some of the officials said

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Russia: government to freeze 2017 pension savings

The Russian government will use pension savings of the working people for 2017 to pay the current retirees, Deputy Prime Minister Olga Golodets said

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Russia: soybean production volumes to be doubled

The Ministry of Agriculture of Russia plans to double soybean production volumes in the country, the Minister of Agriculture of the Russian Federation Alexander Tkachev declared

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Russia: new Apple products certified

Russia has certified Apple’s new smartphones, smartwatches and wireless headphones. The certification shows two modifications of the iPhone 7 instead of three earlier expected

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Russia: sunflower export tax down

Starting from September 1, Russia is decreasing export tax for sunflower, exported to the non-Customs Union countries. The corresponding decree has already been published on the government's web-site

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Russia: AFK Sistema sells 50% in SG-Trans

Russian multi-industry holding AFK Sistema has closed a deal to sell a 50% stake in railway cargo operator SG-Trans to a group of undisclosed non-affiliated buyers for 6 billion rubles, the holding said in a statement

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Russia: grain harvest to reach 130 million tons by 2030

By 2030, the general grain harvest in Russia will grow to 130 million tons, the Minister of Agriculture of the Russian Federation Alexander Tkachev declared

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Russia: Medvedev calls for control over pharmaceutical sales

Russia must take efficient measures to prevent sales of counterfeit pharmaceuticals, Prime Minister Dmitry Medvedev said at a meeting of a presidium of the Presidential Council for Strategic Development and Priority Projects

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Turkey: 63 weekly charter flights from Russia approved

The Turkish civil aviation authority has permitted 63 charter flights between Antalya and Russian cities a week. Ibrahim Kalin, spokesman for the Turkish President, said that Ankara welcomed Russia’s decision to restart charter flights

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Belarus: CMEC builds 100kV substation at Great Stone industrial park

The China Machinery Engineering Corporation (CMEC) has built a 100kV substation named Technopark at the China-Belarus Industrial Park Great Stone

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China gets rights to locally produce An-225 strategic cargo aircraft

According to the Chinese newspaper “Economic Information Daily”, the Hong Kong-based company China Airspace Industry Group Ltd signed a collaboration agreement with the Ukrainian company Antonov on August 30, in Beijing to establish production sites of the An-225 heavy lift aircraft in China

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Ukraine: CM approves of Odessa Port-Side Plant starting price drop

The Ukrainian government with the support of Prime Minister Volodymyr Groysman has approved of changes to the method of evaluating objects to be privatized, proposed by the State Property Fund (SPF), which will reduce the starting price of Odessa Port-side Chemical Plant

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Belarus to host investment forum focused on innovations, FDI and intellectual property rights

Belarus is due to host an investment forum in Minsk on September 29-30. Entitled “Broadening the Horizons: Investment, Finance, Development”, the forum will focus on innovations, inflow of foreign direct investments (FDI), and protection of intellectual property rights

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Belarus: oil export duties cut from September 1, 2016

Belarus will reduce export duties on oil and oil products exported outside the customs territory of the Eurasian Economic Union on September 1

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Belarus: potash exports proceeds down in H1 2016

Belarus’ proceeds from potash exports fell by 38.3% YoY in January-June to $896.215 million, Belarus’ National Statistics Committee (Belstat) said in an official report

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Belarus: liquefied gas export proceeds down in H1 2016

Liquefied gas exports by Belarus’ state oil and gas production monopoly Belorusneft edged down by 30.5% YoY in January-June to $73.7 million, a source in the profile ministry reported

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Belarus: external state debt up in January-July 2016

As of August 1, Belarus’ external state debt totaled $13.3 billion, up by $847 million or by 6.8% since the beginning of the year (taking into account differences in currency exchange rates), representatives of the Belarusian Finance Ministry said

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Azerbaijan: AZAL announces 20% discount within new autumn campaign

Azerbaijan Airlines (AZAL) announced the launch of a new autumn campaign, timed to Gurban holiday. A 20% discount will be applied when buying round-trip air tickets in the period from September 5 to 30, to/from Baku to the following destinations: London, Milan, Berlin, Paris, Prague and New York

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Turkmenistan: Ashgabat and Berlin sign tax agreement

Turkmenistan and Germany signed an agreement on avoidance of double taxation with respect to income and property taxes in Berlin. The signing ceremony took place as a part of the two-day working visit of Turkmen President Gurbanguly Berdimuhamedov to Germany on August 29-30

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Azerbaijan: ADY Express transporting cargo via North-South route

ADY Express company has started to transport cargo via the North-South route, the Azerbaijan Railways CJSC said. “Even though there is no railway between Azerbaijan and Iran, ADY Express company has been already transporting cargo via this route”, the message said

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Uzbekistan: entry fees for vehicles from Tajikistan up

Cabinet of ministers of Uzbekistan has adopted a resolution stipulating increase of the fee rate for entry and transit of vehicles from Tajikistan since September 1

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Azerbaijan: Chinese companies invited to intensify co-op

Azerbaijan invites Chinese companies to intensify cooperation with local businesses, in particular, in industrial sphere, Chinese media reported citing Azerbaijan’s Deputy Economy Minister Niyazi Safarov

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Ukraine: walnut industry struggling to gain market share

According to a USDA report released this month, global walnut production for 2015/2016 is estimated to rise by 155,000 tons from the previous year to 2 million tons, with China and the United States accounting for over 75% of total output

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Ukraine: government asking Naftogaz Ukrainy to store 17 bcm of gas

The Ukrainian government has ordered the national energy holding Naftogaz Ukrainy to store 17 billion cubic meters of gas underground until November 1, in order to ensure uninterrupted supplies of Russian gas to the E

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Ukraine: corn harvesting started

As of August 26, grains and pulses (including corn) had been harvested from 9772 thousand ha (68% of the intended area) compared with 10305 thousand ha as of August 26, 2015

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Ukraine to hire South Korean nuclear operator to finish Khmelnytsky plant

Ukraine’s NNEGC Energoatom plans to hire South Korean nuclear plant operator Korea Hydro & Nuclear Power (KHNP) to complete construction of No

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Ukraine and Kazakhstan to set up JV for uranium mining

Ukraine’s Ministry of Energy and Coal Industry, the Energy Ministry of Kazakhstan and Kazakh National Nuclear Company Kazatomprom have agreed to establish a joint venture (JV) for uranium mining in both countries, Ukrainian Energy Minister Ihor Nasalyk has said, commenting on the results of his visit to Kazakhstan in mid-August

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