Kazakhstan started the new flour season of 2016/2017 with brisk exports. 177 KMT of flour was supplied to foreign markets in September, up by 18.6% YoY (149.2 KMT in September 2015). In addition, the September export volume is the largest for this month since 2010. The top importers of Kazakh flour remain the same neighboring…
According to the Agency of Statistics of the Republic of Kazakhstan, in October the production volumes of vegetable oils reached the record figures – 33.6 thousand tons. During two months of 2016/2017 MY the figure exceeded the production of vegetable oils in the same period last season by 30%. A significant increase in the production…
An auction to sell Ukrainian hydroelectric power plants (HPPs) aroused competition among investors. Dialog is being held about the privatization of Odessa Port-Side Plant, Head of the State Property Fund (SPF) Ihor Bilous said. “We held a good auction to sell Myhia HPP. We broke a record putting it up for 10 million UAH and…
$1.1 billion have been invested in Azerbaijan’s economy through investment tenders, Rafig Jalilov, deputy chairman of Azerbaijan’s State Committee on Property Issues, said. Volume of the domestic production rose by 1.5 billion manats thanks to these investments, according to him. Around 47,000 industry, trade, transportation and other state facilities, as well as non-residential facilities and…
Plans have been made to build a large waste recycling plant at the border of Smolevichi district and Borisov district. The enterprise will utilize a complete production cycle, Nikolai Svirsky, Head of the Beautification and Secondary Material Resources Department of the state enterprise Minsk Region Utilities, reported. As much as 65 million euro in foreign…
On November 14-20, it was cooler than usual and insignificant precipitation was registered. The average weekly air temperature in the country was +1.1-3.7 degrees C, or 1.0-1.5 C below normal. Minimum air temperatures reached 6 degrees C below zero. Almost no precipitation was observed during the week, just at most 1-3 mm (5-35% of normal)…
International British procurement agency Crown Agents plans to purchase drugs and medical products from funds of the national budget of Ukraine for 2016 by March next year, Crown Agents senior procurement consultant Christine Jackson has said. According to the terms outlined in the agreement Ukraine’s Ministry of Health and Crown Agents signed on October 27,…
The export market of Kazakhstan saw growth of milling wheat prices last week. It was fueled by the following factors: reviving demand from key importers; consequent growth of Kazakh wheat exports by a third against 2015 early in the season; rising domestic prices for milling wheat in Kazakhstan against the background of volatility of the…
Purchase prices for grain in Bulgaria’s domestic market closed the week with an increase following their downturn a week ago. At the same time, the Bulgarian lev has devalued by almost 5% over the two weeks. Market purchases of milling wheat remain quite brisk. Growth of prices was reported both in the domestic and export…
Ukraine uses the potential of organic agricultural production by less than 10%, while this sector is promising for the development of small and medium-sized businesses, Agrarian Policy and Food Minister of Ukraine Taras Kutovyi said. “Ukraine has an extraordinary potential for organic production, which today is used by less than 10% of our capabilities. It…
Belarus’ BelAZ heavy-duty truck manufacturer (Zhodino, Minsk region) has designed the MoAZ-65010 dump truck for subsurface mining. The compact dump truck with a 15-ton load capacity has been custom-made for Russia’s OAO Kombinat KMAruda. BelAZ will ship the new truck to the customer in early 2017 for acceptance tests. The truck is 2.1 meters wide…
The Belarusian mechanical engineering company Gomselmash has sent the first batch of cotton harvesters to Cameroon, Igor Korotkevich, First Deputy Director of the company’s Regional Sales Department, reported. The harvesters will be delivered to Cameroon in roughly one month. “By that time our specialists will have arrived in Cameron in order to prepare the machines…
Belarus endorses the recommendation of the OECD in terms of upgrading SME capacity and has already developed specific measures to implement them, Belarus’ Economy Minister Vladimir Zinovsky said during the roundtable held as part of the OECD Eurasia Week 2016 in Paris. Presenting a set of measures to implement the proposals of the OECD experts,…
Public joint-stock company Ukrzaliznytsia seeks to boost capital investment 2.4 times in 2017, to 27.4 billion UAH from 11.2 billion UAH expected in 2016, according to a company presentation shown during the phone conference with investors. According to the document, Ukrzaliznytsia plans to send 46% of funds to purchase property assets, 33% for major construction…
The Belarusian-Turkish business council will sit in Minsk in 2017. The matter was discussed at the meeting between Belarus’ Consul General in Istanbul Vladimir Mironovich and Chairman of the Foreign Economic Relations Board of Turkey Omer Cihad Vardan, the press service of the Belarusian Ministry of Foreign Affairs reported. The parties reached an agreement to…