Page 7 - bne_newspaper_August_3_2018

The Regions This Week
August 3, 2018 www.intellinews.com I Page 7
Eastern Europe
The US Treasury Department again prolonged the deadline for shedding assets and borrowings of companies of sanctioned Russian tycoon
and Kremlin insider Oleg Deripaska to October 23. Energy major En+, its subsidiary aluminium producer Rusal, and carmaker GAZ are affected.
The major state contract for the construction of mega-icebreaker “Leader” that will keep the Northern Sea Route clear of ice around the
year was awarded to the iconic Zvezda shipyard. The $16bn icebreaker will be built in Russia's
Far East region by the oil major Rosneft, its holding company Rosneftegaz, and Gazprombank, Kommersant daily reported citing unnamed sources.
The readiness of Russians for mass protests over economic policies topped 40% for the first time since 2009, Vedomosti daily reported, citing data from the Levada Center pollster.
Over the past three years, private schools in the UK have significantly reduced the number of pupils from Russia, reports The Telegraph with reference to a study conducted by the British Council of Independent Schools. According to the study, in 2015, 2,795 Russian citizens were enrolled in British private schools but by April this year, their number decreased to 1,699.
Ukraine’s electronic procurement system, ProZorro, has saved the government an estimated UAH55.3bn ($2bn) of budget funds in its two years of operation, the Economic Development and Trade Ministry of Ukraine said.
Russia's largest non-financial companies paid RUB1.69 trillion ($26.7bn) in dividends for 2017, up by 16% year-on-year and making an average payout of 38% of net profit as compared to 31% for 2016, Vedomosti daily reported citing estimates from the Analytic Credit Rating Agency (ACRA).
Russia's largest milk producer Ekoniva is
preparing for an IPO, the company said without disclosing the details. While some of the Russian mid-caps have postponed their previously planned IPOs after April's US Treasury sanction round, more recently several Russian companies said they are considering a public offering.
Ukrainian carmaker Bogdan Motors Automobile Company is back in the black after it earned UAH191.19mn ($7.1mn) of consolidated net profit in January-June 2018, improving on a net loss of UAH1.704bn last year, the company reported.
The Finance Ministry of Ukraine plans to sell government domestic bonds to retail investors using the nationalised PrivatBank as the conduit, acting Finance Minister of Ukraine Oksana Markarova said.
Troubled Russian transportation major Summa Group found a buyers for its only real estate development asset, selling the Beskudnikovo housing and commercial property project to Seven Suns Development company from St Petersburg, Vedomosti daily reported.
The Russian government extended the car sector support programme until 2020, providing RUB15bn ($240mn) worth of state financing for discounted leasing for an annual 0.045mn car sales. Discounted loans for car buyers and the "cash for clunkers" utilisation programme have helped domestic car market recover in 2017 and 2018 after four years of decline.
Ukraine’s maize harvest may hit a record 27mn-28mn tonnes this year and sales to China could rise by 10% due to the trade war between Washington and Beijing, acting Agriculture Minister Maksym Martyniuk said.
The Central Bank of Russia intends to limit sales of subordinated bonds of banks to individual retail clients, Vedomosti daily reported citing a draft bill published by the regulator.