The Russian union of milling and groats enterprises estimates the deficit of 3-grade wheat in the current year at the level of 12.6 million tons, the President of the Union Arkady Gurevich said. According to him, in the current year the forecasts for grain production in the country are quite significant, but large harvest usually…
The Ministry of Agriculture of Russia has increased its estimations of the general wheat harvest in Russia in the current year from the previously forecast index at 71 million tons to 72 million tons, the Director of the Department of plant growing, chemicalization and plant protection at the Ministry of Agriculture Petr Chekmarev declared. At…
Wholesale distribution center constructor RosAgroMarket plans to build a 19.2 billion ruble vegetable storage center in the Rostov region in Russia’s south, a spokesman for the region’s Governor Vasily Golubev reported. RosAgroMarket will start construction of the facility’s first stage in January-June 2017, and will construct 125,000 square meters of shopping and storage area with…
Russia’s cross-border sales of goods and services, including digital goods, content, games and social networks, will grow by 32% in 2016 to $2 billion, payment platform PayPal and research agency Data Insight said in a study. The internal e-commerce market will exceed $20 billion in 2016. “The market of retail Internet exports of goods and…
Ukraine’s Verkhovna Rada has amended the law on 2016 national budget, expanding expenses on defense and security by 7.1 billion UAH without the increase in the deficit of the national budget. A total of 265 lawmakers backed bill No. 5217 at the session of the parliament. The government’s bill was registered in parliament on October…
Washington has de-facto suspended cooperation with Moscow on an agreement on nuclear power cooperation after Crimea was annexed in 2014 and Moscow only formalized the fact on Wednesday, presidential spokesman Dmitry Peskov said. On Wednesday, Moscow suspended cooperation with US in scientific research and nuclear power. The Foreign Ministry said that Moscow would still fulfill…
The Russian Satellite Communications Company, a federal satellite operator, has failed to insure all communications space apparatuses of the Express series, as the market’s health is close to critical, Alexander Podchufarov, vice president of insurance company Ingosstrakh, said. “The state of the insurance market is close to critical; only the Russian space industry had $662…
According to the regional agricultural departments, as of October 6, Kazakh agrarians harvested grains throughout nearly 15 million ha, or 97.7% of the planned areas, the Ministry of Agriculture of the Republic of Kazakhstan declared. As of the reporting date, agrarians produced 22.643 million tons of grains, up by 4.962 million tons YoY. The average…
Ukraine’s Prime Minister Volodymyr Groysman has said the Cabinet of Ministers plans to approve the starting price of Odessa port-side chemical plant proposed by the State Property Fund of Ukraine (SPF). “We are now looking forward to proposals from the State Property Fund for the next round of the sale of the object. I believe…
Short-term rains observed last week did not replenish soil moisture stocks considerably and moistened only the upper soil layer. The situation is better in the 10-cm soil layer and sowing campaign is coming to the end in quite good conditions. Plants sown in the first half of September are at the stage of first-third leave…
Regulation of prices for bread in Ukraine leads to the minimum marginality of bakeries work, the General Director and Chairman of the Board at the association Ukrhlibprom Alexander Vasilchenko declared. He informed that the ratio of prices for flour and bread in Ukraine totals 0.3 EUR/kg and 0.35 EUR/kg respectively, whereas in Poland the flour…
Ukrainian farmers continue harvesting sunflower. As of October 3, nearly 3900.4 thousand ha had been threshed, or 66% of the intended area (5916.2 thousand ha), up by 1.6% YoY (3838 thousand ha). 8382.6 KMT had been obtained with the average productivity of 2.15 MT/ha (in 2015 – 7975 KMT; 2.08 MT/ha). Soybean had been threshed…
Hungary’s Wizz Air, the largest low cost carrier in Central and Eastern Europe, has announced the launch of a new route from Kyiv to Bratislava (Slovakia). According to a press release of the airline, the new flights will be serviced from December 17, twice a week, on Tuesdays and Saturdays. The tickets can be bought…
The State Statistics Service of Ukraine reports that production of cement in August increased by 15.5% YoY and now is 1’03 million tons (excluding Crimea, city of Sevastopol, part of Donetsk and Lugansk regions). Moreover, the monthly amount of production in August is the record-breaking since September 2013. If compared to July the output went…
The Ukrainian antimonopoly committee has filed a suit to the Kiev Economic Court to enforce recovery of a $3 billion penalty from Russian gas maker Gazprom, an official of the committee reported. The committee imposed the fine in 2015 to punish the company for its monopolist position on the transit gas market. Gazprom said it…
Ukraine needs to build the land market that stimulates the economic development of agriculture, Ukrainian Finance Minister Oleksandr Danyliuk has said. “First we need to decide what the land market will be. Do you think it does not exist? Of course, it does. It exists, but in the way that limits the development of agriculture…
In January-September Ukraine imported coal and anthracite valued at $1.039 billion, in particular $133.663 million in September. According to the State Fiscal Service, Russia supplied coal for $674.18 million, the United States for $147.293 million, Australia for $69.103 million, other countries for $148.234 million. The total volume of coal delivered to the country for the…
On October 3, Ukraine International Airlines offered Economy Class passengers traveling on UIA short and medium-haul flights the new pre-ordered meal menu. To pre-order an onboard meal, a passenger should visit the UIA website, click the pre-ordered meals link, submit information on the flight date and route, and choose the preferred meal options out of…
In July-August of the 2016/2017 marketing year, PJSC State Food and Grain Corporation of Ukraine sold more than 11 thousand tons of flour milling goods on foreign markets and became the top-performer in the rating of Ukrainian flour exporters, the Director of the Department of marketing and sales of finished goods at PJSC SFGCU Viacheslav…
Russia’s Finance Ministry has suggested charging from 2018 or 2019 value-added tax (VAT) on goods purchased in foreign online stores, according to a draft tax policy document. “Keeping in mind experience of charging VAT on content sold in Russia by foreign online floors, amendments to the law on taxes and duties will be proposed from…
Russia will introduce labeling for products containing palm oil from January 1, 2017, Agriculture Minister Alexander Tkachyov said. “We continue our fight with palm oil and will introduce a new technical rule, where a bold-lettered writing would be placed on a package or a milk carton, so that it is impossible to miss, that there…
In 2016/2017 MY, Russia plans to export nearly 40 million tons of grains, which will significantly exceed the previous season figures (33.8 million tons), the Minister of Agriculture of the Russian Federation Alexander Tkachev declared. At the same time, the minister forecast the growth of grain shipment rates in November-December 2016. Tkachev has also confirmed…
The Russian government is considering abolishment of a tax on bond coupon income for households, as follows from a fiscal policy draft for 2017-2019. “The risks of loss of personal savings are higher in case of investments in bonds than the risks in case of savings on banking deposits, where there is a system of…
In August Russia exported record high monthly volume of peas – 130.8 KMT. Over the first 2 months of 2016/2017 export shipments of peas rose by 72% to 240 KMT against 139.3 KMT in July-August 2015/2016. Turkey remained the traditional importer of Russian peas over this period, importing 150 KMT – more than third of…
Car producer GAZ Group has signed several memorandums with Kazakhstan’s Semipalatinsky car assembling plant (SemAZ) to organize local assembly of its vehicles, the Russian company said in a statement. “The supply of car kits for mass production of GAZelle Next, GAZon Next and GAZelle Business, and heavy-duty equipment Ural Next, small, medium and heavy-duty buses…