Estonian Maritime Administration continues its work on a push to attract shipping firms to register their ships in Estonia by offering e-registration and a reduced tax burden. Even though the Maritime Administration has been working out the plan for more than four years, progress could be reached after Estonian Prime Minister Juri Ratas announced that…
Odessa Port-Side Plant is in the hardships today due to the unfavorable situation on the global fertilizer market, ineffective management and using it in the corruption purposes and for various frauds, Ukrainian Prime Minister Volodymyr Groysman has said. “Now we see the fact of ineffective management of the plant, including by the State Property Fund.…
The meeting of the Board of the International Monetary Fund (IMF), which will consider granting Ukraine the next tranche under the EFF program, may be held in late January 2017, Finance Minister Oleksandr Danyliuk has said. “Indeed, after the adoption of the budget we got closer to receiving the next tranche. The Cabinet of Ministers…
Total cereal production is anticipated to reach a new record in 2016. Most of the increase is due to a well above-average wheat crop production, which is estimated to rise by 40% from the 2015 level. Wheat production is set at 200 thousand tons in 2016, following increased planting area and very good yields. Similarly,…
Amkodor-Bryansk Ltd, a Russian affiliate of Minsk-based OAO Amkodor, plans to assemble 30 power loaders per month in 2017, the Russian companies said in a press-release. After increasing the share of local parts and components, Amkodor-Bryansk is expected to increase monthly output to 50 units in 2018. Amkodor-Bryansk is Amkodor’s key importer in Russia, with…
While sunseed processing and sunoil output in Ukraine show a record fast pace, hitting new highs every month, soybean crushing and soyoil production by oil extractors keep lagging behind last year. Large and medium-sized crushers in Ukraine produced 14.5 KMT of soyoil in November against 15.7 KMT in November 2015. 34.3 KMT of soyoil was…
Nibulon, one of Ukraine’s largest grain production and trading companies, will receive a 71 million euros loan to help improve its infrastructure as part of a 600 million euros loan package announced by the European Investment Bank (EIB) on December 19. The financing will foster a multi-scheme investment at Nibulon focused on creating a more…