Kyrgyzstan calls for creation of a development bank and a development fund of the Shanghai Cooperation Organization (SCO) in a short time, Kyrgyz acting Prime Minister Sooronbai Jeenbekov said. “These institutions must become effective instruments of financial support for joint economic projects”, he said. SCO member countries agreed to create a development bank and a…
The Cabinet of Ministers of Ukraine takes into account lawmakers’ proposal to retain the 2017 national budget deficit at 3% of the gross domestic product (GDP) when finalizing the draft state budget for the second reading, Prime Minister Volodymyr Groysman has said. “We believe that the balance will be maintained, the deficit will be at…
Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has proposed to put shelf fields seized by Russia to sign product sharing agreements (PSA) with foreign companies. “If we let courts hear all these things, nothing would happen and nothing would be taken from Russia. We have another proposal. I think that it would settle the…
In the current season, the prices for rye in Ukraine are comparable to the prices for feed wheat, which will possibly lead to increasing the planted areas of rye, the Commercial Director of Rivne-Boroshno PJSC Roman Tsaruk declared. According to Tsaruk, the composition of Ukrainian soils will contribute to increasing of rye planted areas, because…
In 2015/2016 MY, Ukraine increased the export shipment of vegetable oils by containers, the Associated Partner at Global Ocean Link Pavel Mirzak declared. In particular, container shipping of sunflower oil increased by 24% YoY, soybean oil – 4.8 times. In January-August the port of Odessa covered more than half of the container shipment of the…
Ukraine has enough energy at the beginning of winter, Ukrainian President Petro Poroshenko has said. “One of the achievements we showed in the past two years is that today the share of gas-consuming energy in the balance of energy consumption is around 60%. At present we have enough coal stocks and enough gas in storage…
ArcelorMittal Kryvyi Rih has paid over 72 million UAH of losses caused to the state in violation of environment protection legislation as it has been prescribed by court. The company executed the ruling of Dniepropetrovsk commercial court of appeals ordering to pay 72.699 million UAH as a collection of damage caused to the state in…