Ukraine: barley exports up in October 2016

According to official information, Ukraine exported 525 KMT of barley in October, up by 16.4% YoY (451.1 KMT). In total, Ukraine has increased its barley exports by 3.7% this season, to 3487.5 KMT. Saudi Arabia is still the main destination market for Ukrainian barley, though with lower shipments now. Ukrainian exporters shipped 1.43 MMT of…

Azerbaijan: another 26 agroparks to be built

It is planned to build another 26 agroparks in Azerbaijan, the country’s Economy Minister Shahin Mustafayev said. He said that the agroparks would be built in 19 districts of Azerbaijan. A variety of processing and manufacturing enterprises are planned to be built in these agroparks. Currently, the work is underway in Azerbaijan to create ‘Yalama’…

Turkmenistan: Afghanistan to get $1 billion for transit via TAPI pipeline

Afghanistan will profit by more than $1 billion per year for gas transit via the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline. Necessary infrastructure facilities – plants, gas compressor stations and gas purification plants will be built along this energy bridge. “More than 12,000 jobs will be created for our Afghan brothers”, Turkmen President Gurbanguly Berdimuhamedov said. The main…

Ukraine: agro-industrial complex provides more than half of the growth of capital investments in the economy

In January-September the share of agro-industrial complex in the general growth of capital investments in Ukraine reached 51.3%, including the agricultural component at 39.6%, and the food industry at 11.7%, the Head of investment department at the National Scientific Center Institute of Agrarian Economics Nikolai Kisil declared. According to him, in January-September the general volume…

Latvia: rail cargo transportation up

Continuing last year’s autumn trend, the volume of cargoes carried by Latvijas dzelzcels had increased in November. The volume of cargoes transported by rail reached 4.46 million tons, up by 7.6% YoY. Coal transports have increased significantly. 1.8 million tons of coal was transported in November. This exceeds the index of November 2015 by 28.7%.…

Uzbekistan to raise prices on alcohol

The minimum wholesale and retail prices on alcoholic beverages (except for beer) in Uzbekistan will be raised starting from January 1, 2017, according to a joint decision of the country’s Ministry of Finance and the State Tax Committee. The minimum wholesale wine price for producers will be increased from 4,500 to 5,400 Uzbek soums (UZS)…

Latvia: investment inflow to be positive

In Q3, the current account formed a surplus of 1.5% of the country’s GDP, according to the data from the Bank of Latvia. This year’s general surplus is 1.1% of GDP. It is expected that investment inflow will remain positive. It will be slower than last year, predicts Swedbank economist Agnese Buceniece. Contribution to the…

Ukraine: further ASF outbreaks reported

A new outbreak of African Swine Fever (ASF) has been reported on a Ukrainian backyard pig farm in Stavrove, Odessa, close to Moldova.

Of the nine pigs on the farm, eight cases were confirmed. All nine pigs died as a result, to prevent the spread of the disease. (ThePigSite/Business World Magazine)

Ukraine: Belorusneft starts hydraulic fracturing operations for Ukrgazvydobuvannia

Belorusneft specialists have started performing hydraulic fracturing operations under the contract with Ukrgazvydobuvannia, a statement on the website of the oil company reads. “In accordance with the contracts, the specialists will conduct 50 hydraulic fracturing operations in Poltava region. This is the first large-scale oil service project in Ukraine for the Belarusian oil company”, the…

Azerbaijan: economy to grow in 2017

Slowdown of the global economy’s development, deterioration of the macroeconomic indicators affected Azerbaijani economy as well, the country’s parliament speaker Ogtay Asadov said. He made the remarks at a plenary session of Azerbaijani Parliament during the discussion of the country’s draft state budget and the concept of socio-economic development for 2017 and the next three…

Ukraine to conclude revised Agreement on Mutual Promotion and Protection of Investments with Turkey

The government of Ukraine plans to conclude a revised Agreement on Mutual Promotion and Protection of Investments with the government of Turkey, the Economic Development and Trade Ministry of Ukraine reports. “We’ve agreed with the Turkish side on the main provisions of the draft agreement, which foresees the most-favored procedure for investors of both countries…