Iran: 30 billion euros worth of credit ready

An Iranian-Chinese credit worth 30 billion euros has been prepared and is ready, Iranian Mines & Mining Industries Development & Renovation (IMIDRO) CEO Mehdi Karbasian said. The value of projects implemented by Iran and China during the past three years (the Rouhani administration) has reached 20 billion euros, 4 billion euros of which were in…

Kazakhstan: food and agricultural producers present their products in China

25 Kazakhstani companies presented their products on the Chinese market. Representatives of more than 120 companies from Beijing, Shandong, Henan, Shanxi and China’s other regions pointed out the high quality of products and agricultural goods produced in Kazakhstan. In particular, the Chinese businessmen showed great interest in the fish and caviar produced in Atyrau, honey…

Ukraine: GDP growth in 2016 at 1.5%

Ukraine’s GDP growth in 2016 totals around 1.5%, Ukrainian Prime Minister Volodymyr Groysman has said. “This year we will have growth of around 1.5%, while last year we had 10% of decline and 43% of inflation”, he said at a meeting with students of Kyiv Polytechnic Institute. The premier said that he hoped that GDP…

Belarus: Mogilevliftmash exports up in January-November 2016

Belarus’ OAO Mogilevliftmash elevator plant reports a 15.3% increase in exports in January-November to $106.9 million, a company representative reported. Elevator exports grew by 28.4% to 10,109 units. The bulk of elevators was exported to Russia – 8,599 units (up by 27.9% YoY). Elevators are Mogilevliftmash’s major export product. Elevators manufactured by Mogilevliftmash are exported…

Kazakhstan: bearish export prices for wheat flour predominate

During two recent weeks the export market of wheat flour in Kazakhstan demonstrated a bearish price trend.

According to the analysts, this is largely due to lowering demand for the product from major countries-importers. (APK-Inform/Business World Magazine)

Kazakhstan: average grain yield up

In 10 recent years the average grain yield in Kazakhstan increased by 30%, from 1.02 ton/ha to 1.33 ton/ha, the Ministry of Agriculture of the Republic of Kazakhstan declared. According to the announcement, Kazakhstan increased the general effectiveness of grain production, and agrarians learned how to minimize losses in good crop years, and to the…

Ukraine: 2017 state budget passed

Overnight into December 21, the Verkhovna Rada (Parliament) passed the state budget for 2017. Fiscal revenues for 2017 are envisaged at 721.4 billion UAH and expenditures at 790.4 billion UAH. The budget deficit was set at 77.5 billion UAH. The following macroeconomic indicators are proposed for 2017: GDP growth at 3-4%; inflation at 8.1%; forecast…