Turkmenistan: economic policy to be additionally adjusted

An International Monetary Fund (IMF) mission led by Martin Sommer visited Ashgabat on December 1-6, to assess macroeconomic and financial developments and discuss economic challenges and policy priorities with senior government officials and the diplomatic community. The expectations for persistently lower oil and natural gas prices imply the need for additional policy adjustment in Turkmenistan,…

Kazakhstan: Kashagan officially presented

Kazakhstan’s huge oil field Kashagan was officially presented on December 7, Kazakh Energy Ministry said. Kazakh President Nursultan Nazarbayev took part in the event. Oil production at Kashagan was launched in autumn and reached commercial level of 75,000 barrels per day on November 1. Currently work is carried out in order to increase the level…

Kazakhstan: FCC for 3- and 4-grade wheat purchasing prices up

JSC National Company Food Contract Corporation announced the increase of the purchasing prices for 3- and 4-grade wheat Triticum aestivum L., the company’s press-service reported. In particular, the prices for 3-grade wheat, purchased to the commercial resources of the company, increased from 41`500-50`000 KZT/ton to 49`000-58`000 KZT/ton for VAT taxpayers (depending on the qualitative indicator),…

Estonia: Elering announces tender for designing and building Estonian-Latvian power connection

As part of building the third power connection between Estonia and Latvia, Estonian power grid operator Elering has announced a procurement tender for designing and constructing the Estonian side of the project. “The new Estonian-Latvian power connection is notable because a project important from the energy security and market standpoint will be carried out without…

Ukraine: grain exports up

According to the Agriculture Ministry, Ukraine exported 18.38 MMT of grains in the season 2016/2017 by December 1, up by 5.9% YoY. In particular, the exported volumes included 10.08 MMT of wheat, up by 1.18 MMT YoY. Barley exports in the period under review totaled roughly 3.95 MMT and corn exports amounted to 4.25 MMT.…

Azerbaijan: Baku airport serves 3 million passengers in January-November 2016

The Heydar Aliyev International Airport served more than 231,000 passengers in November, up by 23% YoY, the airport’s press service said. The airport served almost 3 million passengers in January-November. Of them, 1.8 million passengers chose to fly with Azerbaijan’s national carrier, Azerbaijan Airlines (AZAL). Some 500,000 passengers were transported via AZAL domestic flights to…

Asia: Azerbaijan, Kazakhstan, Turkey and Georgia railway bodies ink MOU

Heads of railway authorities of Azerbaijan, Kazakhstan, Turkey and Georgia signed a memorandum of understanding (MOU) in Baku on prospects of development of the Trans-Caspian International Transport Route (TCITR), a message from Azerbaijan Railways CJSC said. Head of Azerbaijan Railways CJSC Javid Gurbanov, President of Kazakhstan Railways JSC Kanat Alpysbaev, Director General of Turkish State…

Ukraine: barley exports up in October 2016

According to official information, Ukraine exported 525 KMT of barley in October, up by 16.4% YoY (451.1 KMT). In total, Ukraine has increased its barley exports by 3.7% this season, to 3487.5 KMT. Saudi Arabia is still the main destination market for Ukrainian barley, though with lower shipments now. Ukrainian exporters shipped 1.43 MMT of…