Dmitry Medvedev, Russian Prime Minister, had a work meeting with heads of the Far East fishing companies with a view to discussing the sector’s prospects in the region.
Sovcomflot shipping company has published a report on financial results for the first six months of this year. In the first half of 2017 the company’s net profit totaled 868 mln Rubles.
Ministry for Development of the Russian Far East Proposes to Create a Free-trade Zone in Blagoveshensk Port
Russia’s Ministry for Development of the Russian Far East considers extending the free port status of Vladivostok city to Blagoveshensk town and checkpoints of Blagoveshensk District. This was declared on Tuesday by Sergey Kachayev, Deputy Minister.
Magadan may become a city with the status of a free-trade port. “Parlamentskaya Gazeta” newspaper reports that a corresponding draft law will be submitted to the State Duma in Autumn.
Net Profit of Russia’s Sovkomflot Company Went Down by 41.7% to $206.8 mln in 2016 Against IFRS Standards
Rambler News Service reports that gross revenues of Sovkomflot shipping company decreased by 6.4% down to $1.388 bln. Net profit (revenues in time-charter equivalent) went down by 7.9% to $1.14 bln. EBITDA fell by 9.4% to $706.5.