Ukraine: EIB to finance grain logistics projects

The European Investment Bank (EIB) is considering the possibility of financing the projects of Ukrainian grain market operators to expand and modernize their logistics infrastructure, according to the website of this international financial institution. “The project is expected to remove existing bottlenecks related to transportation and storage of cereals, reduce the in-land transportation costs as…

Bulgaria: wheat opens new markets

According to the president of Bulgarian Association of Grain and Feed Traders (BAGFT) Martin Rusev, wheat exports are estimated at 3.9 MMT in the 2016/2017 MY, of which 2.1 MMT were shipped abroad in July-October. This part of grain was supplied to the European Union, and wheat was mainly forage (1.8 MMT). Rusev believes that…

Kyrgyzstan: Bishkek hosts SCO Council of Heads of Government

An expanded format meeting of the Shanghai Cooperation Organization (SCO) Council of Heads of Government took place in Kyrgyzstan’s capital, Bishkek. The meeting was attended by Kyrgyzstan’s Acting Prime Minister Sooronbay Jeenbekov, Russian Prime Minister Dmitry Medvedev, Kazakh Prime Minister Bakytzhan Sagintayev, Tajik Prime Minister Qohir Rasulzoda, Uzbekistan’s First Deputy Prime Minister Rustam Azimov. Representatives…

Belarus and Indonesia planning infrastructure projects in transport sector

Ambassador Extraordinary and Plenipotentiary of Belarus to Indonesia Vladimir Lopato-Zagorsky met with Indonesian Transport Minister Budi Karya Sumadi, the press service of the Ministry of Foreign Affairs of Belarus reported. The meeting was also attended by representatives of ZAO Belzarubezhstroy. “Agreements were reached to explore the areas of interaction between ZAO Belzarubezhstroy and Indonesian counterparts…

Belarus: Belagroprombank offers special credits to SME

Belarus’ Belagroprombank has announced a special offer (valid from till February 28, 2017) with credits for small business development available at 19% (Belarusian rubles) and 9% per annum (dollar and euro). Belagroprombank’s SME credit offer targets finically stable self-employed businessmen and privately-owned companies with annual proceeds under $5 million and a positive credit history. OAO…

Kyrgyzstan to hold referendum on constitution amending

Kyrgyzstan’s President Almazbek Atambayev signed the law on scheduling the referendum on making amendments to the country’s constitution for December 11, said the message posted on the president’s website. During its final reading on November 2, Kyrgyzstan’s parliament approved of the draft law on scheduling the referendum on amending the constitution for December 11. Earlier,…

Ukraine has enough coal and gas for winter

Ukraine has enough energy at the beginning of winter, Ukrainian President Petro Poroshenko has said. “One of the achievements we showed in the past two years is that today the share of gas-consuming energy in the balance of energy consumption is around 60%. At present we have enough coal stocks and enough gas in storage…

Azerbaijan receives export compensation appeals

Azerbaijan’s Economy Ministry has already received first appeals from entrepreneurs regarding the partly repayment of their expenses for products’ export, the country’s Economy Minister Shahin Mustafayev reported. “As is known, in accordance with the export support mechanism, Azerbaijani government will return part of the money spent by entrepreneurs on the organization of export supplies (compensation…

Azerbaijan and Dagestan agree to seek investors jointly

Azerbaijan and Russia’s Dagestan agreed to cooperate on development of foreign economic relations. A memorandum of cooperation was signed between Agency for Entrepreneurship and Investments of Dagestan Republic of Russia and Azerbaijan Export and Investments Promotion Foundation (AZPROMO) during the 7th Azerbaijani-Russian Interregional Forum in Baku. The memorandum was signed by Bashir Magomedov, head of…

Azerbaijan and Vietnam to develop joint projects

Vietnam offers Azerbaijan certain proposals for cooperation in energy, transportation, agriculture and commerce, the Azerbaijani ambassador to Vietnam Anar Imanov reported. “All these proposals will be considered during the first meeting of the Azerbaijan-Vietnam Intergovernmental Commission for Economic, Trade, Scientific and Technical Cooperation, planned to be held in the near future”, he said. Currently, a…

Bulgaria: corn harvesting in October 2016

According to Bulgarian Ministry of Agriculture, as of October 20, nearly 371thousand ha of corn were threshed, which was 88% of the intended area (423 thousand ha). 1973.1 KMT were harvested with the average yield of 5.32 MT/ha. Harvesting is 16.1% faster than in 2015. As of the reporting date, average corn productivity was 0.2%…