RISSIA: SHIPBUILDING COMPANY ALMAZ LAUNCHED SELF-PROPELLED FLOATING CRANE OF PROJECT 02690

In mid-April 2016 Shipbuilding Company Almaz launched its SPK-46150 self-propelled floating crane (Project 02690, Sr. No.906), the shipyard says. The self-propelled floating crane was placed at the shipyard wharf wall for further fitting-out. Joint Stock Shipbuilding Company “Almaz” was founded in 1933 as a shipyard of the USSR Coast Guard. Today St. Petersburg headquartered Almaz…

RUSSIA: QI’2016 PROFIT ATTRIBUTABLE TO NOVATEK SHAREHOLDERS UP 87.4% TO RR 58.2 BLN

NOVATEK has released its consolidated interim condensed financial statements as of and for the three months ended 31 March 2016 prepared in accordance with International Financial Reporting Standards. Profit attributable to NOVATEK shareholders increased by 3.7 times to RR 115.9 billion, as compared to RR 31.1 billion in the first quarter 2015. Profit for the…

RUSSIA: FLYDUBAI GIVES FINANCIAL AID TO RELATIVES OF AIR CRASH VICTIMS IN SOUTH RUSSIA

The airline FlyDubai has provided financial assistance to the relatives of 40 victims of the air crash in Rostov-on-Don in south Russia, the Russian Transport Ministry reported on Sunday. “The size of the initial payment equals 135,500 rubles [$1,978] per each victim,” the ministry said in a statement. The airline FlyDubai has decided to open…

MOLDOVA: EXPORT GOODS IN SEA CONTAINERS VIA GIURGIULESTI INTERNATIONAL FREE PORT INCREASED BY 42% IN 2015

In 2015 the total number of containers transshipped via Giurgiulesti International Free Port and delivered to or collected from the Port of Constanta by Danube Logistics SRL increased by 3% to 7,986 containers (9,912 TEU), says the port’s press center. While the number of import containers decreased due to the challenging economic environment, the number…

UKRAINE: EBRD READY TO FINANCE UPDATING OF UKRZALIZNYTSIA ROLLING STOCK

The European Bank for Reconstruction and Development (EBRD) is ready to finance the renewal of Ukrainian railways’ rolling stock, EBRD Senior Banker in Ukraine Mark Magaletsky has stated. “From the point of view of private business, the situation is difficult here. This is due to a lower cargo turnover, devaluation and other factors. Meanwhile, the…

UKRAINE: BORYSPIL AIRPORT DENIES VIOLATING COMPETITION RULES BY LEASING SPACE

State-run enterprise Boryspil International Airport (Kyiv) has denied information provided by Ukraine’s Antimonopoly Committee (UAC)that it prevents competition. The company does not acknowledge the fine imposed on Boryspil airport, the press service of the airport has told Interfax-Ukraine. The Antimonopoly Committee imposed a UAH 68,000 fine on the airport. According to the press service, the…

UKRAINIAN SEA PORT AUTHORITY: STATE-RUN STEVEDORING COMPANIES SHOULD BE PRIVATIZED, PAY LESS TO BUDGET

A requirement to obligatorily send 75% of profit by state-run enterprises to the national budget would result in a shortage of some UAH 2 billion at Ukrainian Sea Port Authority for capital investment, Deputy Head of Sea Port Authority Viacheslav Voronoi said at the Ukrainian Infrastructure Forum in Kyiv last week. He said that state-run…

SINGAPORE TO ADVISE UKRAINE DEVELOPING PORT BUSINESS

Experts from Singapore will come to Ukraine to share their experience of efficient port business development. This agreement was achieved at a meeting of Infrastructure Minister Volodymyr Omelyan and Ambassador of the Republic of Singapore to Ukraine Simon Tensing De Cruz, the ministry’s press service reports. “Taking into account Singapore’s world experience of developing port…