Ukraine: effect of additional trade preferences for product exports to the EU to reach $100-150 million

The effect for Ukraine from additional trade preferences, the draft regulation of was presented in September, in terms of product exports to the European Union will reach nearly $100-150 million, the Deputy Minister of Economic Development and Trade of Ukraine – Trade Representative of Ukraine Nataliya Mykolska declared. According to her, it is not the…

Turkmenistan sees Germany among its leading partners

Turkmenistan sees Germany as one of its leading partners, Turkmen President Gurbanguly Berdimuhamedov said in his message to participants of the Turkmen-German business forum. “German companies are among those first, which entered the promising Turkmen market and had been effectively working in various areas for many years that proved the existence of favorable investment climate…

Ukraine: Poroshenko signs law on lifting administrative barriers to export of services

Ukrainian President Petro Poroshenko has signed the law on amendments to certain legislative acts of Ukraine on elimination of administrative barriers to exports of services, adopted by the Verkhovna Rada on November 3. According to the official website of the president, the document will minimize administrative barriers when signing international contracts, as well as accounting…

Moldova: investments down in January-September 2016

In January-September investments in long-term tangible assets in Moldova decreased by 17.6% to MDL 9 billion 830.2 million. According to the National Bureau of Statistics, the investments in equipment and machinery were MDL 3 billion 684.1 million, down by 26.3% YoY. The investments in buildings and constructions were MDL 1 billion 627.5 million (-22.9%), the…

Turkey: Honeywell to provide TANAP with integrated safety system

The Trans-Anatolian Natural Gas Pipeline (TANAP) will be provided with an integrated control and safety system by Honeywell Process Solutions (HPS), reads a message on the company’s website. Honeywell Process Solutions is part of Honeywell’s Automation and Control Solutions group, a global leader in providing product and service solutions that improve efficiency and profitability, support…

Ukraine: first imports of liquefied gas from Azerbaijan

Ukraine has imported 740 tons of propane-butane mixture (LPG) from Azerbaijan in the beginning of the third decade of November, according to UPECO consulting company. Ukraine hasn’t previously received liquefied gas from Azerbaijan. “The importers are Ukrainian Nadezhda company and SOCAR Energy Ukraine (subsidiary of Azerbaijan’s state oil company SOCAR), which contracted for 530 tons…

Moldova: Chisinau hosts Moldo-Indian business forum in pharmaceutical field

About 60 pharmaceutical companies in Moldova and India participate in a business forum in pharmaceutical field. Following this meeting, the countries will sign cooperation agreements. “Currently about 10% of pharmaceuticals sold in pharmacies in Moldova are imported from India, 17% are products manufactured in the country, and about 45% are pharmaceutical products imported from the…

Bulgaria: wheat prices strengthen

Purchase prices for grains continued strengthening on Bulgaria’s domestic market last week. The Bulgarian national currency strengthened against the U.S. dollar over the week, though its growth was slight. The domestic grain market is propped up by reviving demand not only from millers but also from traders. The market purchasing operations are assessed as active.…

Ukraine: corn stocks down

According to the information of the State Statistics Service, Ukraine’s reserves of grains and pulses totaled 27.11 MMT as of November 1, down by 12% YoY (31.71 MMT). Wheat stocks decreased by 16% to 12.13 MMT against 14.44 MMT as of November 1, 2015. Corn stocks shrank by 18% to 10.54 MMT, as harvesting in…

Belarus joins IMO

The Republic of Belarus has become the latest member of IMO, following the deposit of an instrument of acceptance of the Convention on the International Maritime Organization with the Secretary-General of the United Nations on November 29, says IMO. With the acceptance of the Convention by Belarus, the number of IMO Member States stands at…

Ukraine: Cabinet of Ministers permits making up export parcels from grain of different grades at elevators

The Cabinet of Ministers passed a resolution permitting to make up export parcels from grain of different grades at elevators. First Deputy Economy Minister Maxim Nefedov says a weird regulation is in effect in Ukraine: when you are exporting grain of different grades, they must be kept separately according to the Ukrainian quality standards while…