Ukraine: minimum alcohol prices up

Ukraine’s Cabinet of Ministers has approved of new increased minimum alcohol prices, in particular, the floor price of a half-liter bottle of vodka was increased from 54.90 to 69.78 UAH. “The revision was required as prices set since September 2015 have not met real expenses of producers”, Deputy Prime Minister and Economic Development and Trade…

Ukraine: electricity exports in January-October 2016

Ukraine in January-October exported electricity valued at $123.288 million, in particular $9.003 million in October. According to the State Fiscal Service, electricity delivered to Hungary amounted to $93.734 million, to Poland to $29.199 million, Moldova to $347,000, other countries to $7,000. In addition, in January-October Ukraine imported $3.006 million worth of power from Russia, and…

Turkmenistan to draw foreign capital

Turkmenistan’s investment policy is aimed at drawing foreign capital, Turkmen President Gurbanguly Berdimuhamedov said in a message addressed to the participants of the eighth International Investment Forum. According to the message, the main task of the investment forum is to diversify and increase the competitiveness of local economy and introduce innovative technologies in the industry.…

Moldova: trade with Romania

The volume of trade turnover between Moldova and Romania over 8 months of 2016 amounted to $873.06 million of which the Moldovan export equaled $344.92 million, and the Romanian import – to $528.14 million. In Romania’s trade with the countries outside the European Union, Moldova ranks the 4th place in export terms (purchase of Romanian…

Bulgaria: bullish trends on grain market continue

Last week Bulgaria’s domestic market of cereal crops saw a rise in purchase prices. The bullish factors for them included strong grain demand, both from traders and processing companies, along with appreciation of the Bulgarian currency against the US dollar. Prices for Bulgarian milling wheat also continued growing on the export market. Over the week,…

Belarus: GDP energy intensity halved

The energy intensity of Belarus’ gross domestic product was halved in the last 13 years. The information was released by Vitaly Kretsky, Head of the Department for Organizational and Legal Work and Interaction with Mass Media in the State Standardization Committee of Belarus. The official said: “The energy intensity of Belarus’ GDP has been halved…

Ukraine: flights between Kyiv and Ljubljana to resume

Ukraine and Slovenia have agreed to resume direct flights between Kyiv and Ljubljana, Ukrainian President Petro Poroshenko has said. “Discussing cooperation in the field of transport, we’ve agreed to resume direct flights between Kyiv and Ljubljana”, he reported after talks with Slovenian President Borut Pahor. The Ukrainian president said this would contribute to deepening cooperation…

Ukraine: logistic problems hit grain exports

Ukrainian 2016/2017 grain exports could be 7 million tons lower than originally expected due to logistical difficulties and some companies have already redirected shipments from Ukraine to other countries, traders said. Ukraine had planned to ship abroad around 41 million tons of grain in the 2016/2017 July-June season versus around 39 million tons a season…

Belarus: food products popular in the CIS

Belarusian food products are in demand on all the markets of the Commonwealth of Independent States (CIS), Belarusian Antimonopoly Regulation and Trade Minister Vladimir Koltovich reported. “Foreign partners like Belarusian products. Russians, Ukrainians and Kazakhs know that the Belarusian quality is high, and our products are welcome on all the CIS markets”, the minister stressed.…