Ukraine: traders exporting grain at loss

Traders are not glad with prices in the new season. World grain production continues to set new records, and puts pressure on prices. CBOT wheat futures fell to a ten-year low affecting the Black Sea export prices. Compared with early September 2015, grain prices lost no less than $10/MT. Given that Ukraine exports more than…

Ukraine: barley exports up in July 2016

According to official statistics, in July Ukrainian barley exports rose by 19% YoY. In July Ukraine exported about 1011.6 KMT against 848 KMT in July 2015. More than half of the exported barley was shipped to Saudi Arabia. Large share of barley was exported to Libya (148.3 KMT) and China (90.2 KMT). Peculiar in the…

Ukraine: Ministry of Economy to recruit CEOs for Boryspil airport, Elektrovazhmash, Ukrkhimtransamiak and Mariupol seaport

The Ministry of Economic Development and Trade (MEDT) of Ukraine opens competitive selection for CEO positions at state-owned companies Ukrkhimtransamiak (operator of ammonia pipeline), Elektrovazhmash (electric machinery producer), Mariupol Commercial Seaport and Boryspil International Airport. The ministry has invited reputable recruiting agencies to help find top-class managers with an impeccable reputation and successful track record…

Azerbaijan: SOCAR to ensure stable revenue

Azerbaijan’s state oil company SOCAR was focused on diversification of its investments even when the oil prices were high, and this strategy would ensure stability of the company’s revenues, President of SOCAR Rovnag Abdullayev said. “As a result of the right investment strategy, the value of SOCAR’s total assets increased from 9 billion manats to…

Azerbaijan: SOCAR sticks to DESFA deal

Azerbaijani state oil company SOCAR is not going to abandon the purchase of a share in the Greek gas operator DESFA, President of SOCAR Rovnag Abdullayev said. “We won the tender and we’re not going to abandon the deal [with DESFA]”, Abdullayev said. “We don’t talk about appealing to a court, but we will defend…