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…

Belarus: Belaruskali ups solid alkali output amid high demand

The state-owned OAO Belaruskali increased solid alkali output to meet the growing consumer demand for this product, a company representative reported. Solid alkali is manufactured at Belaruskali’s electromembrane process factory, which resumed operation in late October. Belaruskali has started supplying solid alkali in 25-kilo bags. The product is shipped to customers in Belarus, Russia and…

Belarus: producer prices up in October 2016

Belarusian producer prices in October increased by 0.3% MoM (up by 8.1% compared to the level of December 2015), the National Statistical Committee (Belstat) reported. Construction prices grew by 0.5% MoM (up by 3.4% compared to the level of December 2015). Freight tariffs (all means of transportation) reduced by 0.5% MoM but increased by 4.5%…

Turkmenistan: cotton harvest to be sped up

President of Turkmenistan Gurbanguly Berdimuhamedov urged to complete the cotton harvest in the country, the Turkmen government said in a message. In this regard, the Turkmen president instructed to keep the course of agricultural work under constant control in order to speed up the harvesting of the remaining part of raw cotton, as well as…

Ukraine: winter grains not emerged on 16% of area

Market participants are closely watching winter crop condition is Ukraine. Late planting, a substantial temperature drop in November preceded by drought have added to the risk of crop loss while wintering. The first forecasts have appeared, suggesting that over 15% of winter crops will be reseeded in spring. This is a rather pessimistic scenario, as…

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Belarus: BelAZ ships 14 heavy-duty trucks to Russian consumers

Belarus’ BelAZ heavy-duty truck manufacturer (Zhodino, Minsk region) shipped 14 BelAZ-7547 trucks for open-cast mining operations with a load capacity of 42-45 tons to customers in Russia’s Central and Ural districts, BelAZ said in a release. The shipments were facilitated by Russia’s National Non-metallic Company and BelTransLogistic Ltd. BelAZ made a three-year partnership deal with…

Belarus: economic efforts paying off

The economic efforts made by the Belarusian Government and the National Bank over the past two years have been effective, Belarus’ Deputy Economy Minister Dmitry Krutoy said when speaking at the 11th international conference on Eurasian economic integration in Moscow. “In recent years a consensus has been reached in Belarus on the main objective which…

Belarus earmarks $49.5 million to pay for green energy in 2016

Belarus’ energy concern Belenergo will spend $49.5 million in 2016 to purchase electric energy produced by power generating facilities, which use renewable energy sources, a Belenergo official reported. Belarus’ green power generating facilities will produce an estimated 281.8 million kWh of electric energy in 2016 Belenergo’s tariff on electricity produced by power generating facilities, which…