Belarus: EBRD implements 245 SME consultancy projects

The European Bank for Reconstruction and Development (EBRD) says it has implemented 245 projects in Belarus providing consultancy services for small and medium-sized businesses. More than 200 local and 1,000 international experts were engaged in SME consultancy projects in Belarus, the EBRD said in a press-release. In the framework of its SME consultancy program in…

Bulgaria: corn less attractive to farmers

For the second consecutive season Bulgaria looses ground in corn market. While Ukraine, Russia and Romania increase corn production, Bulgarian farmers might have decided not to enter this competition. Firstly, after last season’s bad experience Bulgarian grain producers reduced corn planted area for the 2016 crop by 9.5% to the level of previous years, partially…

Belarus: BPC opens affiliate in Ukraine

The Belarusian Potash Company (BPC) says it has opened an affiliated company in Ukraine. BPC’s Agrorozkvit (literally stands for AgroRenaissance) started operating in Ukraine in October. BPC refers to Ukraine as a country with developed agriculture and hopes to ensure maximum coverage of the country’s potash market with the help of Agrorozkvit led by Dmitry…

Belarus: Belneftekhim exports to Tatarstan up in January-August 2016

Enterprises run by the Belarusian state petrochemical concern Belneftekhim increased their export to Tatarstan by nearly 50% in January-August. Belneftekhim representatives met with the top executives of the Russian company Nizhnekamskneftekhim on October 17. The Russian company is one of the largest partners of the Belarusian petrochemical industry in Tatarstan. Upon the relevant instructions of…

Belarus: industrial output down in January-September 2016

Belarus’ industrial output decreased by 1.7% YoY in January-September to 58.136 billion Belarusian rubles (Br), or $30.199 billion at the official rate of the National Bank, the National Statistical Committee (Belstat) reported. Production of coke, oil products and nuclear materials reduced by 9.3% YoY in January-September to 8.351 billion rubles ($4.338 billion). The output of…

Belarus: GDP down in January-September 2016

According to initial evaluations, in January-September Belarus’ gross domestic product totaled Br69.3 billion or 97.1% as against January-September 2015 in comparable prices, the National Statistics Committee of Belarus reported.

In January-September the deflator index of Belarus’ GDP totaled 108.2% as against the same period of last year. (BelTA/Business World Magazine)

Russia: 60 cruise ships bring 26,000 passengers to Saint-Petersburg

60 cruise ships were serviced at the embankments of Saint-Petersburg in the navigation season of 2016. Those vessels brought to the city 26,000 cruise passengers, Andrei Mushkarev, Chairman of Saint-Petersburg Committee for Tourism Development, reported. According to him, FSUE Rosmorport is planning to reconstruct the landing stages at Angliyskaya and Lieutenant Shmidt embankments. (Portnews/Business World…

Ukraine: sunflower seed market in 2015/2016

The 2015/2016 marketing year was quite successful for Ukraine in markets of sunflower seed and its processed products. All-time high sunseed production at 11760 KMT was the key to such a success. Favorable agro-meteorological conditions allowed obtaining the best results on close to record planted area, owing to minimal losses and high productivity. High sunflower…

Ukraine: offshore companies included in sanctions list

Ukraine for the first time has included several offshore companies posing threat to the national interest in its sanctions list, namely Judson Trading Limited (Cyprus), Rock Ranch Properties S.A. (Panama), Powerful Choice Tech Ltd (the British Virgin Islands), Global Games Ltd (Belize), Novastar Group Ltd (Belize) and Gordon Solution Ltd (the British Virgin Islands). The…

Ukraine: seaports grain exports down in the second week of October 2016

On October 10-16, Ukraine exported 506 thousand tons of grains from the seaports against 545.9 thousand tons on the previous week.

In particular, wheat shipments reached 244.1 thousand tons, barley – 135.4 thousand tons, and corn – 126.5 thousand tons. (APK-Inform/Business World Magazine)