Ukraine: flour winning new markets

Ukrainian flour exports hit a 20-year high of over 340 KMT in the 2015/2016 season. As expected, the upward trend in flour supplies from the country continued into MY 2016/2017. Global trends also contribute to growth of flour exports. The world’s demand for flour has increased by 15-20% over the last 4-5 years. Noteworthy is…

Kazakhstan: S&P affirms ratings on Delta Bank

The international rating agency StandaS&P Global Ratings has affirmed its ‘D/D’ long- and short-term issuer credit ratings on Kazakhstan-based Delta Bank, the rating agency said in a message. At the same time, the agency affirmed the ‘D’ Kazakhstan national scale rating. S&P also affirmed its ‘D’ issue-level ratings on its senior unsecured bonds. “The affirmation…

Kyrgyzstan: microcredit volume down in 2016

Microcredit volume in Kyrgyzstan decreased by 5 billion soms in 2016, the National Statistical Committee of the Kyrgyz Republic reported. Last year various microcredit organizations issued loans of 13.3 billion soms. In 2015, this figure was 27.4% more and amounted to 18.3 billion soms. The volume of microcredits in four regions of the country decreased…

Ukraine: restrictions to be applied to grain, meat, dairy and egg exports within CUFTA

The tariff quotas will be applied to certain agricultural products delivered from Ukraine within the framework of the Canada-Ukraine Free Trade Agreement (CUFTA), including some cereals, dairy products, eggs, poultry and cattle meat, the press service of the Ukrainian Economic Development and Trade Ministry reported. In particular, Canada has the tariff quotas for the import…