Ukraine: sugar exports exceed 335,000 tons in 2016

Ukrainian producers exported 335,250 tons of sugar worth $166.8 million for the 11 months of 2016. “In January-November Ukrainian producers exported 335,250 tons of sugar worth $166.8 million, having tripled the last year results. This significant growth is primarily reasoned by the favorable situation on the world market, as the devaluation of the national currency…

Azerbaijan: ICD supports economic reforms

The Islamic Corporation for the Development of the Private Sector (ICD) supports the economic reforms realized in Azerbaijan, Khaled Al-Aboodi, CEO and director general of the ICD, said. “We are ready to improve the quality of the goods produced in the country and to provide entrepreneurs with access to new technologies and markets. We are…

Ukraine: banks stabilizing at weak levels

The Ukrainian banking sector continues to face challenges in credit growth due to the burden of unresolved problem loans and solvency issues, Fitch Ratings has said in a press release referring to its report “Ukrainian Banks Dashboard 3Q16.” “We expect sector performance to remain under pressure from high provisioning needs, while solvency recovery is likely…

Bulgaria: corn harvesting progress

According to Bulgarian Ministry of Agriculture, as of November 24, 419 thousand ha of corn were threshed, 99.1% of the plan (423 thousand ha). 2209.5 KMT were harvested with the average yield of 5.27 MT/ha. Pace of harvesting is 1.8% higher than in 2015. On the reporting date, average corn yield was 3.9% higher than…

Ukraine: prices for sunflower oil growing

Last week Ukrainian market of crude sunflower oil faced the bullish trend, due to a similar price trend on the export market of the product.

As of December 8, the bid prices for sunflower oil in Ukraine mainly varied within the range of 21`500-21`800 UAH/ton EXW, up by nearly 200 UAH/ton WoW. (APK-Inform/Business World Magazine)

Azerbaijan: 14.5 million euro for SME development received

The European Union (EU) has allocated 14.5 million euros for Azerbaijan as part of the program on the country’s regional development, the Azerbaijani Economy Ministry said. The agreement, signed during the meeting between Azerbaijan’s Economy Minister Shahin Mustafayev and EU Ambassador to Azerbaijan Malena Mard, envisages twinning and technical assistance, creation of an information system…

Belarus: government to boost trade with Russia

The government of Belarus and the Russian state corporation “Bank for Development and Foreign Economic Affairs” (Vnesheconombank) plan to sign a memorandum of understanding to set up an integration development platform. The relevant decision is laid down by Council of Ministers’ executive order No. 994 of December 5. The document will be signed to promote…

Bulgaria: wheat exports considerably up

Milling wheat continued rising in price on the domestic market on active purchases. Export prices for 11.5%-protein wheat in Bulgaria stay at $176-179 FOB for December-January delivery. Growing demand for Bulgarian wheat is observed from beyond the European Union. Overall, traders substantially increased export shipments of wheat this season. In the first five months of…

Baltics not to expect a “walk in the park”

The austerity policy realized in Baltics during the crisis has resulted in some of the lowest budget deficit and debt levels in the European Union. However, Baltics are part of the six EU member states, which includes Luxembourg, Denmark and Slovakia, which are able to fulfill all Maastricht criteria. “Baltic States have managed to demonstrate…

Azerbaijan: exports of agricultural products up in January-October 2016

In January-October Azerbaijan exported agricultural products valued at $311.673 million, up by 22.3% YoY, the Ministry of Agriculture declared. According to the announcement, fruit and vegetables formed most of the exports of agricultural products ($270.842 million). In January-October Azerbaijan exported 11.19 thousand tons of raw hides at $12.248 million, and 16.57 thousand tons of oats…

Ukraine: electricity export-import in January-November 2016

Ukraine in January-November exported electricity worth $137.785 million, in particular in November for $14.497 million. According to the State Fiscal Service, electricity delivered to Hungary amounted to $105.039 million for the 11 months, to Poland to $32.392 million, Moldova to $347,000, other countries to $7,000. In addition, in January-November Ukraine imported power worth $3.288 million…