Uzbekistan will expand number of grape wine producers, variety wine materials and cognac alcohol in 2019, Uzbek President Shavkat Mirziyoyev ordered in his “On measures for substantial modernization of winemaking industry and realization of alcohol production” decree. According to the document, requirement of determining an expiration date for the wine production will be removed beginning…
Ukrainian solvent banks’ net profit grew 5-fold YoY in January, to UAH 1.69 billion ($63 million). The banks’ revenue in the first month of 2018 totaled UAH 14.599 billion ($544.5 million), while expenses stood at UAH 12.908 billion ($481.5 million), according to the National Bank of Ukraine (NBU). Interest income accounted for 77.4%, the largest…
The export of meat from Ukraine to Azerbaijan rose 2.7-fold YoY and amounted to $37.8 million in 2017, Nikolai Pugachev, director of the national scientific center “Institute of Agrarian Economics” and academician of the National Academy of Agrarian Sciences, said. During the period, Azerbaijan became one of the TOP-5 importers of this product from Ukraine.…
Estonian distribution network operator Elektrilevi has entered into framework agreements with suppliers in six regions. The volume of the contracts reaches some EUR 40 million to be spent on extending, maintaining, and repairing Estonia’s electricity distribution network. The framework agreements are the most far-reaching yet, covering a large number of jobs and suppliers and outlining…
The Belarusian tractor maker MTZ will increase the production of tractors designed for precision farming, MTZ CEO Fyodor Domotenko reported. According to the source, the share of innovative products in the output of the Belarusian tractor maker exceeds 20% and continues rising. The new tractor model Belarus 82.1 with an American precision farming system did…
Azerbaijan was a leader in tomato export to Russia in 2017, according to the Russian Federal Customs Committee. Azerbaijan increased its export volume by 50%, to 151,000 tons ($151 million). Azerbaijan’s share in Russian tomato import increased from 22% in 2016 to 30% in 2017. Russia accounted for 99.8% of Azerbaijan’s total tomato export in…
The European Union remains a major supplier of agricultural products to Ukraine for the second year in a row, accounting for 48.9% of the country’s agri-food imports in 2017. Shipments in monetary terms from Europe increased to $2.27 billion in 2017, from $1.94 billion in 2016, the press center of the National Scientific Center “Institute…