Ukraine: over 13 MMT of sunseed harvested

Ukrainian farmers are completing sunseed harvesting. As of November 14, they harvested 5816 thousand ha, or 98% of the intended area (5916.2 thousand ha). That was 16% more than on the same date last season (4992 thousand ha). Farmers obtained 13159 KMT of sunseed with an average yield of 2.26 MT/ha, which is an all-time…

Belarus: GDP down in January-October 2016

Belarus’ gross domestic product (GDP) reduced by 2.8% YoY in January-October to 78.097 billion Belarusian rubles ($39.87 billion at the central bank’s exchange rate), an official with Belarus’ National Statistics Committee reported. Industrial output in January-October fell by 1.5% YoY to Br64.93 billion ($33.15 billion). Farm output grew b 3.8% YoY to Br13.547 billion ($6.92…

Belarus and Germany discuss investment cooperation

Belarusian Minister of Foreign Affairs Vladimir Makei met with Michael Harms, Executive Director of Germany’s Committee on Eastern European Economic Relations, to discuss ways to step up the cooperation between the two countries, the press service of the Belarusian Ministry of Foreign Affairs reported. “The parties discussed prospects for bolstering the trade and investment cooperation…

Azerbaijan and Kuwait ink deal on air traffic

President of Azerbaijan Airlines CJSC (AZAL) Jahangir Asgarov and Director General of Kuwait’s Civil Aviation Yousef Sulaiman Al Fouzan signed an intergovernmental agreement on air traffic between the two countries on November 16. By signing the intergovernmental agreement, the sides removed obstacles to open air traffic between the two countries that would contribute to further…

Ukraine: Japanese investors interested in Kherson seaport

Experts of the Japan International Cooperation Agency had a meeting with the management of the Kherson commercial seaport and discussed possible cooperation, the enterprise’s chief Andriy Sokolov said. For seven years now, the company’s representatives have been looking for adequate projects in Ukraine to provide technical assistance with subsequent possible financing. Using Japanese (sovereign) loans,…

Kazakhstan: season begins with brisk wheat exports

In the first month of season 2016/2017 (September) Kazakhstan exported 355.16 KMT of wheat, up by 1/3 YoY (260 KMT). The key destination markets for Kazakh wheat in this period included its traditional importers: Uzbekistan, Tajikistan, and Afghanistan, but with substantially increased shipments for this time of season. Shipments to China also grew considerably. Kazakh…

Ukraine to increase agricultural output in 2016

According to scientists of the Institute of Agrarian Economics, in 2016 the general production of agricultural goods will increase by 3.7% YoY and total 248.2 billion UAH, the Director of the National Scientific Center “Institute of Agrarian Economics” Yuri Lupenko declared. In particular, the production volumes of plant growing commodities will increase by 6.1% to…

Ukraine: 2016 losses from restrictions in trade with Russia estimated at $900 million

Ukraine’s losses from restrictions in economic cooperation with Russia are estimated at $900 million in 2016, Ukrainian Deputy Minister of Economic Development and Trade Natalia Mikolskaya said. “In this context, the European Commission has agreed to offer additional trade preferences to Ukraine”, she said, adding however that these funds were not enough “to cover even…