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 23.1 million tons in bunker weight, up 1.4 times YoY. The average yield totaled 15.2 hundredweights per hectare. Of that amount, 5.7 million tons of grain was harvested…
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. According to the announcement, the major volumes of wheat were traditionally shipped to far abroad foreign countries – 13.278 million tons ($2.25 billion). In the reporting period, wheat import volumes to Russia totaled…
Germany’s credit institution KfW is providing a EUR 150 million loan for implementation of a project to reconstruct substations in eastern Ukraine. The individual loan agreement between Ukraine’s Cabinet of Ministers and KfW was signed at the ninth meeting of the Ukraine-Germany high-level group on economic cooperation. Eva Witt, KfW Director for Eastern Europe, Caucasus…
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. Belarus’ state debt now…
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. In 2016, GDP contraction will slow down to 0.6%, the ministry said. The ministry based…
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. The fund said in a press release that loans of the company on the balance sheet of Bank Forum would be auctioned. The bank also has buildings…
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 $118.2 billion. (Prime/Business World Magazine)