In October Belarus’ gold and foreign exchange reserves rose by $62.1 million if calculated in accordance with methods of the International Monetary Fund. According to preliminary data, the reserves totaled $4,817.1 million as of November 1, the Information and PR Department of the National Bank of the Republic of Belarus reported. In national terms the…
Azerbaijani oil supplies will greatly reduce dependence of Ukraine’s oil refining complex on Russian oil, the Ukrainian Ministry of Energy and Coal Industry Igor Nasalik said. The protocol of intent on the supply of Azerbaijani oil to the Kremenchug refinery has been recently signed by Ukrtransnafta OJSC and Ukrtatnafta PJSC. The cooperation on the oil…
Kazakh National Oil and Gas Company KazMunaiGas (KMG) plans to liquidate some of its subsidiaries and take its functions, KMG chairman Sauat Mynbayev announced. “KazMunaiGas – Refinig and Marketing” will be liquidated probably until the yearend, “KazTransGas” will be liquidated in the first half of 2017″, Mynbayev said. He noted that subsidiaries of KazTransGas –…
The company Nibulon plans to invest 1.5 billion UAH in construction of the terminal in Kherson region, the deputy at Kherson Regional State Administration Andrii Putilov declared. The new terminal will be completed in early 2017. The terminal is designed for grain and oil crops shipment on river and sea transport. The similar terminal in…
In September corn shipments from Ukraine were minimal over the last seven years due to harvesting delay and exporters’ focus on wheat exports. During the first month of season 2016/2017 Ukraine supplied 56.7 KMT of corn to foreign markets, down by 63% YoY (150.3 KMT). Egypt was the largest importer of Ukrainian corn in September…
According to the State Statistics Service, during the first 9 months of 2016 the general turnover of foreign trade of Ukraine in agricultural products (groups 1-24 of UKT VED) totaled $13.5 billion, up by 2.3% YoY, the Deputy Director on scientific work at the National scientific center “Institute of agrarian economy” Nikolai Pugachev declared. He…
As many as 323 partially or fully state-owned agribusiness companies in Belarus are subject to pre-trial financial readjustment, while another 102 farms face bankruptcy, in accordance with the government’s resolution No. 889 dated October 31. As previously reported, Belarus authorities gave the green light to selling or leasing insolvent state-owned farms and agricultural companies. Belarus’…