Belarus: imports down in January-August 2016

In January-August Belarus decreased the import of merchandise and services by 10.9% YoY to $18.978 billion, according to the latest statistics released by the National Bank. In January-August Belarus’ foreign trade totaled $38.1 billion, down by 12.7% YoY. Belarus’ exports amounted to $19.159 billion (down by 14.4%), with imports at $18.978 billion (down by 10.9%).…

Belarus and China to jointly produce electric vehicles

Belarus and China are considering opportunities for the implementation of joint projects in mechanical engineering. The prospects for the bilateral cooperation in this field were discussed during the recent meeting between Chairman of the State Science and Technology Committee of Belarus Alexander Shumilin and representatives of the Beijing Municipal Science and Technology Commission, the press…

Belarus: BCSE to change status

There is a plan to transform the Belarusian Currency and Stock Exchange (BCSE) into a multifunctional financial institution, NBB First Vice Chairman Taras Nadolny said. The National Bank of Belarus plans to promote further development of the stock market and recommends Belarusian banks to be more active in entering the statutory capital of state-owned companies.…

Ukraine: number of crushing plants going up

Last week “Seedco Ukraine” in Ichnya town (Chernigov region) launched the first line of crushing plant. Project capacity is 80 tons per day and yearly production capacity is 25 KMT. The installed equipment allows crushing not only sunseed, but also other crops. The company has relationships with trading companies of EU and Japan and so…

Ukraine: seaports grain exports halved in early October 2016

On October 3-9, Ukraine exported 545.9 thousand tons of grains from the seaports against 1.02 million tons on the previous week.

In particular, wheat shipments reached 312 thousand tons, barley – 155.6 thousand tons, and corn – 78.3 thousand tons. (APK-Inform/Business World Magazine)

Turkey to fine suppliers of unsafe foods to Russia

Turkey has proposed to control safety of all food products delivered to the Russian market as well as fine suppliers of unsafe foods, Deputy Minister of Turkey’s Food, Agriculture and Livestock Nusret Yazici said at the meeting with the head of Russia’s Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) Sergey Dankvert. “The products recognized…

Russia to cut gas price for Belarus

Russia has agreed to cut the 2016 gas price and has outlined a plan of further reductions for the next few years for Belarus, while Minsk agreed to redeem a $300 million debt for past deliveries, government officials said. “The debt, which has accrued for January gas payments will be redeemed fully until October 20.…

Russia: Sovcomflot to be privatized in parts

VTB Capital, an investment advisor on privatization of the government’s 25% stake in Russian shipping company Sovcomflot, has submitted a report to the Economic Development Ministry in which it said that the stake might be sold in 2017 in parts on the Moscow and New York stock exchanges, Minister Alexei Ulyukayev reported. “Sovcomflot (privatization) may…

Russia: over 10 million tons of grains exported

Since the beginning of 2016/2017 MY and as of October 5, the volume of grain exports from Russia totaled 10.402 million tons, down by 4% YoY (10.819 million tons), the Ministry of Agriculture of the Russian Federation declared, referring to operative data of the Federal Customs Service of Russia. According to the announcement, the wheat…