Ukraine: auction on sale of Odessa Port Plant to be held by year-end

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

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Russia: Uralkali participates in the specialized exhibition Rudnik 2016

Uralkali, one of the world’s largest potash producers, has become a Professional Partner of the 2nd interregional exhibition of modern technologies and equipment for the extraction and enrichment of ores and minerals Rudnik 2016, held at the exhibition center Permskaya Yarmarka (Perm) from 11 to 14 October

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Ukraine: 5-year monthly sugar exports record broken in September 2016

Ukrainian sugar producers in September 2016 exported 39,900 tons of sugar. This is the largest monthly indicator for the past five years. According to a report of the Ukrtsukor association, Sri Lanka imported 11,520 tons, Georgia imported 6,430 tons and Azerbaijan – 4,620 tons

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Ukraine: basic wheat supply and demand balance in season 2017/2018

According to the Agriculture Ministry, wheat planted area for the 2017 crop will remain at the previous year’s level – 6198 thousand ha

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Belarus: transit truck haulage down in H1 2016

Transit truck haulage across the territory of Belarus reduced by 0.8% YoY in H1 to 414,142 trips, the Belarusian Association of International Trucking Companies (BAMAP) reported

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Russia: throughput of seaports up in January-September 2016

In January-September Russian seaports handled 531.7 million tons of cargo (up by 5.7% YoY), says the press center of Association of Commercial Sea Ports

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Belarus: SvetlogorskKhimvolokno net profit up in H1 2016

The net profit of OAO SvetlogorskKhimvolokno (Svetlogorsk Chemical Fiber Plant) totaled Br22,000 in H1 2016, which makes an equivalent of $11,418, up by 10% YoY, according to the quarterly report released by the Finance Ministry’s Securities Department

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Russia: government allows imports of some fruit from Turkey

The Russian government has signed a ruling allowing imports of oranges, tangerines, apricots, peaches, plums and blackthorn from Turkey. But imports of grapes, apples, pears, strawberry, tomatoes and some other fruit and vegetables are still prohibited

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Russia: oil firms to fulfill government order to cut output

Russian oil companies will cut their output if the government decides to decrease it, Leonid Fedun, the vice president at oil major Lukoil, reported

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Russia to lift restrictions on import of food from Turkey

Russia will lift restrictions on import of all citrus fruit, pears and plums from Turkey, assistant head of Russian phytosanitary watchdog Rosselkhoznadzor Alexei Alexeenko reported

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Russia to continue developing the international financial center

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

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Russia to privatize 8% more in ALROSA in 2017

The Russian Economic Development Ministry will suggest the government privatize another 8% in uncut diamond mining giant ALROSA in 2017, Minister Alexei Ulyukayev reported

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Russia: Rosneft to back OPEC production cut plans

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

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Russia: over 113 million tons of grains harvested

As of October 10, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 43

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Russia: pace of barley exports the lowest in the last four seasons

In August Russia exported 349.8 KMT of barley, down by 42.5% YoY (606.7 KMT). During two months of the season shipments decreased by 33% – to 801

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Russia: seaports grain shipments up in January-September 2016

In January-September the seaports of Russia increased the shipment volumes of grains by 2.1% YoY to 24.3 million tons, the Association of Sea Commercial Ports of the Russian Federation announced

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Russia: Lukoil drops Bashneft bid due to high price

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

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Russia: Lukoil official sees $80 oil price optimal

An $80 per barrel oil price would be the market’s “golden mean,” Vice President of Russian oil producer Lukoil Leonid Fedun reported

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Russia: Novak and Sefcovic mull OPAL, Nord Stream-2 and Turkish Stream

Russian Energy Minister Alexander Novak has met with European Commission Vice President for Energy Union Maros Sefcovic and discussed natural gas pipeline projects OPAL, Nord Stream-2 and Turkish Stream, the Russian Energy Ministry said in a statement

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Russia: Rosneft CEO does not contradict Russia readiness to back OPEC

The Kremlin does not see Igor Sechin, CEO of oil major Rosneft, contradicting position of President Vladimir Putin regarding Russia’s readiness to curtail oil output, spokesman for Putin Dmitry Peskov reported

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Ukraine: Romania sees prospects of cooperation in missile production

Secretary of the National Security and Defense Council of Ukraine (NSDC) Oleksandr Turchynov at a meeting with Romanian Minister of National Defense Mihnea Motoc has discussed the prospects of bilateral cooperation in the military-technical sphere and the field of security and defense

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Belarus: banks’ distressed assets up

The share of distressed assets at Belarusian banks has grown by 8% since early 2016 to 15% at the moment. First Vice Chairman of the National Bank of Belarus (NBB) Taras Nadolny released these figures at the conference “The Role of the Export-Import Agency in the Belarusian Economy” on October 7 in Minsk

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Ukraine: profitability of flour exports low

In 2015/2016 MY, profitability of Ukrainian flour exports is quite low in comparison with other countries, the adviser to the Chairman at Agrarian Fund PJSC Sergei Sakirkin declared

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Russia: over 44 thousand tons of grains purchased to the intervention fund

On October 11, National Mercantile Exchange CJSC (NAMEX) held the regular stock exchange trading within frames of public grain purchasing interventions in the regional trading platforms of Russia, and purchased 44

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Ukraine: Nibulon invests $300 million in river transport

Nibulon is going to invest in Ukrainian river transport no less than $300 million, general director of Nibulon Andrey Vadatursky announced. Strategic plans of Nibulon in internal water transport include construction of 5 new river transshipping terminals and a further construction of transport ships for internal and mixed routes (in 2016 8 new ships will be constructed)

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Ukraine: moratorium for purchasing and selling of agricultural land prolonged

Such decision was made by Ukrainian parliament. The moratorium for purchasing and selling of agricultural land or for other way of land alienation will remain effective until further regulations on the governmental level are adopted, but no earlier than January 1, 2018

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Russia: Microsoft adds Russian for simultaneous interpreting in Skype calls

Microsoft has added Russian to the list of languages supported by Skype Translator in simultaneous interpreting of video calls and its other products on the basis of the Microsoft Translator platform, the U

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Belarus: Lipetsk Region shows interest in more food supplies

Lipetsk Region of the Russian Federation is interested in expanding food supplies from Belarus. Cooperation prospects in the area were discussed during the official visit of the delegation from Lipetsk region led by Deputy Head of the Administration Andrei Kozoderov to Belarus on October 3-6

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Kazakhstan: record-high grain and rice harvest gathered

A record-high grain and other crops harvest has been gathered in Kazakhstan this year, Deputy Minister of Agriculture Kairat Aituganov said. The gross grain harvest amounted to 23

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Russia: nearly 14 million tons of wheat exported in January-August 2016

In January-August Russia exported 13.967 million tons of wheat and meslin valued at $2.366 billion, the Federal Customs Service of Russia declared

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Ukraine: Germany provides EUR 150 million for substation modernization in Donbas

Germany’s credit institution KfW is providing a EUR 150 million loan for implementation of a project to reconstruct substations in eastern Ukraine

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Belarus: FinMin sees state debt at 42% of GDP at end-2016

The Finance Ministry of Belarus forecasts that the country’s state debt will grow to 42% of the GDP by late 2016. Vice Minister of Finance Yuri Seliverstov made a statement to this effect at the conference “The Role of the Export-Import Agency in the Belarusian Economy” on October 7, in Minsk

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Russia: economic ministry sees GDP growing in 2017-2019

Russia’s gross domestic product (GDP) may grow by 0.2% in 2017, by 0.9% in 2018 and by 1.2% in 2019, according to a baseline forecast by the Economic Development Ministry in the ministry’s adjusted 2017-2019 social and macroeconomic development forecast

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Ukraine: Deposit Guarantee Fund to sell Yarych confectionary producer

The Individuals Deposit Guarantee Fund seeks to put 100% of corporate rights and intellectual rights to the trademark of the Yarych confectionary factory (Lviv region) up for sale

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Russia: trade surplus down in January-September 2016

Russia’s foreign trade surplus decreased by 48.1% YoY to $63.1 billion in January-September, the central bank said. In January-September 2015, the foreign trade surplus amounted to $118

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Belarus: Belkommunmash offers electrobuses to St Petersburg

The Belarusian mechanical engineering company Belkommunmash has offered St Petersburg (Russia) its electric buses for the 2018 FIFA World Cup, Belkommunmash Director General Vladimir Korol reported

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Belarus tries out Ukrainian rapeseed meal

Belarusian farmers have finished rapeseed harvesting. Oilseeds and their processed products self-sufficiency remains the topical issue in the country these days

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Belarus: electricity export to Lithuania down in January-July 2016

Belarus decreased electricity exports to Lithuania by 6.6% YoY in January-July to 83.7 million kWh, according to official statistical reports

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Belarus: peat briquette output up in January-August 2016

Belarus produced 465,600 peat briquettes in January-August, up by 19.2% YoY, the Energy Ministry of Belarus reported. In August peat briquette output totaled 77,200 tons, up by 12

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Belarus: imports down in January-August 2016

In January-August Belarus decreased the import of merchandise and services by 10.9% YoY to $18.978 billion, according to the latest statistics released by the National Bank

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Belarus and China to jointly produce electric vehicles

Belarus and China are considering opportunities for the implementation of joint projects in mechanical engineering. The prospects for the bilateral cooperation in this field were discussed during the recent meeting between Chairman of the State Science and Technology Committee of Belarus Alexander Shumilin and representatives of the Beijing Municipal Science and Technology Commission, the press service of Belarus’ State Science and Technology Committee reported

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Belarus: BCSE to change status

There is a plan to transform the Belarusian Currency and Stock Exchange (BCSE) into a multifunctional financial institution, NBB First Vice Chairman Taras Nadolny said

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Russia: Turkish Stream construction to start in 2018

Construction of Russia-led Turkish Stream gas pipeline will start in 2018, gas giant Gazprom CEO Alexei Miller reported. “A start to the project implementation has been given

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Ukraine: number of crushing plants going up

Last week “Seedco Ukraine” in Ichnya town (Chernigov region) launched the first line of crushing plant. Project capacity is 80 tons per day and yearly production capacity is 25 KMT

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