Ukraine: Ukrzaliznytsia head expecting exports of 45 million tons of grain in 2016/2017 agri-year

Ukrzaliznytsia has increased the annual wagon repair plan from 19,370 to 29,970, including to secure the growing exports of grain that could be 5 million tons a month by all means of transport by the end of this year

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Azerbaijan: Bakcell starts new joint campaign with Azerpost

Bakcell, the first mobile operator and leading mobile internet provider of Azerbaijan, is pleased to announce the start of a new campaign in cooperation with the sole national postal operator of the country – Azerpost LLC, within the frames of the Ulduzum loyalty program

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Russia: Aeroexpress 6-month IFRS net profit up

IFRS net profit of LLC Aeroexpress for H1 2016 grew by 42.09% to 459.802 million rubles from 323.601 million rubles for the same period in 2015, the company reported

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Venezuela: Russia to join OPEC talks on output cut deal

OPEC members will meet next week for talks on implementing an output cut deal, with Russia joining to discuss how producers from outside the group can participate in the plan, according to Venezuela’s oil minister

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Russia: Uralkali Q3 2016 production results

Uralkali, one of the world’s largest potash producers, announces its production results for Q3 and the 9 months of 2016. Uralkali produced 2

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Ukraine to become successful in 3-5 years

Prime Minister of Ukraine Volodymyr Groysman believes that the capabilities of Ukraine are potentially among the best in Europe and in three or five years it will become a successful country

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Ukraine needs 320 thousand tons of rye flour for bread production

Ukrainian bakery plants need 2.7 million tons of wheat flour per year. Each year the need in rye flour totals 320 thousand tons, the General Director and Chairman of the Board at the association Ukrhlibprom Alexander Vasilchenko declared

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Ukraine: gas consumption down

Ukrainian President Petro Poroshenko said that the country’s gas consumption fell by 30%. “Now Ukraine is consuming 30% less gas thanks to the mechanisms implemented”, he told students of the Shevchenko National University

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Ukraine: U.S. investments total $710 million in H1 2016

In the first half of 2016, the United States invested $710 million in Ukraine’s economy, the Ukrainian Economic Development and Trade Ministry reported on its Facebook page

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Ukraine: barley exports reach high records

In August Ukrainian barley exports grew by 17% YoY and equaled 1924 KMT against 1019.5 KMT. During the first two months of 2016/2017 (July-August) Ukrainian exporters shipped 2204 KMT of barley, which is an absolute record for the period

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Russia: retailers eager to sell Google’s new phone Pixel

Russian retailers are interested in selling Google’s Pixel, the first smartphone fully designed by the U.S. company, spokespeople for several companies reported

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Russia: ministry to study excises on sugared beverages 2017

Russia’s Finance Ministry may resume discussion about excises on sugared beverages in 2017, Deputy Minister Ilya Trunin reported. “The issue is delayed until the next tax policy is discussed

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Russia: Rosneft allowed to buy 50% in Bashneft

The Russian government has allowed oil major Rosneft to buy the government’s 50.08% stake in oil company Bashneft without an auction for 329

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Russia: Fin Min opposing flexible engine fuel excises

The Russian Finance Ministry does not support a proposal by the Federal Antimonopoly Service to introduce a floating excise on engine fuel depending on global oil prices, Deputy Minister Ilya Trunin said

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Russia: Rosneft to be sold in November 2016

The Russian government will most likely sell a 19.5% stake in oil major Rosneft in November, Economic Development Minister Alexei Ulyukayev reported

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Russia to save 700 billion rubles and redistribute 1 trillion in 2016

The Russian government plans to save about 700 billion rubles by cutting inefficient spending and redistribute around one trillion rubles in the 2016 budget, including social spending, Prime Minister Dmitry Medvedev said at a government meeting

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Russia to start supplying wheat to Venezuela in late 2016

Russia may start supplying wheat to Venezuela before the end of 2016, the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) said in a report

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Russia to ban meat and fish imports from New Zealand

Russia’s Federal Service for Veterinary and Phytosanitary Surveillance may ban imports of fish and chilled meat from New Zealand, Sergey Dankvert, head of the watchdog, said

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Russia to cut deductions for consolidated taxpayer groups in 2017

The Russian government can limit deductions on corporate profit tax for consolidated taxpayer groups from 2017, Deputy Finance Minister Ilya Trunin said

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Russia: pork imports from Moldova banned

Russia has banned pork imports from Moldova starting with October 6, due to an outbreak of ASF. This was reported by the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor)

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Russia: deficit of 3-grade wheat to reach 12.6 million tons in 2016

The Russian union of milling and groats enterprises estimates the deficit of 3-grade wheat in the current year at the level of 12.6 million tons, the President of the Union Arkady Gurevich said

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Russia: Ministry of Agriculture ups forecast of wheat production in 2016

The Ministry of Agriculture of Russia has increased its estimations of the general wheat harvest in Russia in the current year from the previously forecast index at 71 million tons to 72 million tons, the Director of the Department of plant growing, chemicalization and plant protection at the Ministry of Agriculture Petr Chekmarev declared

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Russia: RosAgroMarket to build 19-billion ruble vegetable storage

Wholesale distribution center constructor RosAgroMarket plans to build a 19.2 billion ruble vegetable storage center in the Rostov region in Russia’s south, a spokesman for the region’s Governor Vasily Golubev reported

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Russia: online retail exports to go up in 2016

Russia’s cross-border sales of goods and services, including digital goods, content, games and social networks, will grow by 32% in 2016 to $2 billion, payment platform PayPal and research agency Data Insight said in a study

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Ukraine: Rada expands expenses of 2016 national budget without increasing deficit

Ukraine’s Verkhovna Rada has amended the law on 2016 national budget, expanding expenses on defense and security by 7.1 billion UAH without the increase in the deficit of the national budget

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Russia: Moscow formalizes broken nuclear deal with US

Washington has de-facto suspended cooperation with Moscow on an agreement on nuclear power cooperation after Crimea was annexed in 2014 and Moscow only formalized the fact on Wednesday, presidential spokesman Dmitry Peskov said

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Russia: Ingosstrakh says satellite firm fails to insure all apparatuses

The Russian Satellite Communications Company, a federal satellite operator, has failed to insure all communications space apparatuses of the Express series, as the market’s health is close to critical, Alexander Podchufarov, vice president of insurance company Ingosstrakh, said

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Kazakhstan: over 22 million tons grains harvested

According to the regional agricultural departments, as of October 6, Kazakh agrarians harvested grains throughout nearly 15 million ha, or 97

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Ukraine: Cabinet to approve starting price of Odessa port-side plant proposed by SPF

Ukraine’s Prime Minister Volodymyr Groysman has said the Cabinet of Ministers plans to approve the starting price of Odessa port-side chemical plant proposed by the State Property Fund of Ukraine (SPF)

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Belarus: soil drought retains

Short-term rains observed last week did not replenish soil moisture stocks considerably and moistened only the upper soil layer. The situation is better in the 10-cm soil layer and sowing campaign is coming to the end in quite good conditions

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Ukraine: marginality of bread production minimal

Regulation of prices for bread in Ukraine leads to the minimum marginality of bakeries work, the General Director and Chairman of the Board at the association Ukrhlibprom Alexander Vasilchenko declared

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