Ukraine to borrow $9 billion on foreign market

Ukraine seeks to borrow $9 billion on the foreign market in 2017, Ukrainian Finance Minister Oleksandr Danyliuk has said. He said that the Finance Ministry sought to issue the fourth tranche of U.S. secured $1 billion eurobonds, raise $5.3 billion in cooperation with the International Monetary Fund (IMF) and enter the international loan market. Ukraine…

Ukraine: agriculture contributing 12% to GDP

Agriculture contributes 12% to Ukraine’s GDP and every fifth Ukrainian is working in this area. This has been reported by NGO AgroReformsUA, which aims to implement effective reforms in the agrarian sector of Ukraine. “In 2015, the share of agricultural products in the foreign trade of Ukraine reached 38%. This means that the sale of…

Ukraine: Motor Sich posts 26% fall in consolidated net profit in January-September 2016

PJSC Motor Sich in January-September decreased consolidated net profit under international financial reporting standards (IFRS) by 25.72% YoY, to 1.884 billion UAH. According to a company report posted in the information disclosure system of the National Commission on Securities and the Stock Market, its consolidated net income for the reporting period decreased by 28.28%, to…

Ukraine: India becomes the leader in purchasing of agricultural products

According to the State Statistics Service, in January-September India imported the largest volumes of Ukrainian agricultural food products in monetary terms – more than 9% of the general export volumes (valued at $959 million), the Deputy Director on scientific work at the National Scientific Center “Institute of agrarian economy” Nikolai Pugachev declared. According to him,…

Greece: over 400 archaeologists to work for TAP

More than 400 archaeologists and archaeological workers are estimated to have been employed by TAP project in by the time its construction has concluded in Greece, said the website of TAP. Implementing its commitment to protecting Greek tradition and cultural heritage, TAP has announced that its Engineering, Procurement and Construction (EPC) contractors are currently employing…

Belarus: Minsk to host meat industry forum

Minsk will play host to the meat industry forum on October 27-28. Such information is posted on the website of Belarus’ Agriculture and Food Ministry. Experts will discuss topical issues of the industry and the ways to improve the quality of meat products and expand exports. The forum, which will be held on the initiative…

Bulgaria: the pace of winter sowing higher

Last week cold weather regime in Bulgaria changed to multiyear norm for the given period. Winter crops vegetation continues at a moderate pace. Rains observed during October 11-21, considerably replenished soil moisture stocks in 50 cm soil layer. In the major parts of the country moisture level in the upper soil layer exceeds 75-80%, which…

Belarus: trade turnover with Poland up in January-August 2016

Belarus’ trade turnover with Poland grew by 10% in January-August, the Belarusian government said in a press-release following the latest meeting of the Belarusian Prime Minister Andrei Kobyakov and Poland’s Vice Premier Mateusz Morawiecki. While meeting with the Polish vice premier, Kobyakov suggested that the parties should go further than just expanding export/import transactions and…

Azerbaijan calls on Croatia to invest in IT, tourism and agriculture

Azerbaijan calls on Croatian companies to invest in the country’s agriculture, tourism, IT and chemical industry, Rufat Mammadov, head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), said. He added that favorable conditions had been created in Azerbaijan for making investments, as well as for activity in industrial and technology parks. “Tourism sector is…

Ukraine: sunflower oil consumption down

The share of sunflower oil in the structure of Ukrainian vegetable oils production is nearly 96%. In this regard, it’s logical that the majority of population prefers sunflower oil. It should be noted that total consumption of vegetable oils by population of Ukraine has decreased over the past year. Statistics show that in H1 the…

Ukraine: wheat prices keep growing supported by strong demand from key importers

Last week milling wheat prices kept growing, mainly supported by increased CBOT wheat futures and strong demand from key importers.

Export prices for Ukrainian milling wheat with 11.5% protein have increased by 8% over the past month. Prices strengthened by $5 during the previous week. (UkrAgroConsult/Business World Magazine)