Annual capacity of seaports in Saint-Petersburg and the Leningrad region is to be increased to 395 million tons by 2030, up 3by 8% against the year of 2015. The growth is foreseen by the strategy for the development of transport system in Saint-Petersburg and the Leningrad region presented. Dry cargo capacity of the seaports is…
As of November 1, cargo traffic within the Azov-Don Basin of Russia’s inland water ways climbed by 14.4%, YoY, to 9.232 million tons, the Administration of Azov-Don Basin says. In the reporting period, transportation of heavy fuel oil fell by 0.5% to 2.804 million tons; sulfur went up by 15.2% to 1.373 million tons; diesel…
Public joint-stock company Ukrgazvydobuvannia seeks to invest $3 billion to purchase and modernize drilling rigs by 2020, as well as to attract external contractors to carry out the works at the company’s fields, Ukrgazvydobuvannia Head Oleh Prokhorenko has said. “We assess drilling at $3 billion by 2020. This includes modernization of equipment and works”, he…
Ukrainian farmers are completing sunseed harvesting. As of November 8, they gathered sunseed from 5716 thousand ha or 97% of the intended area (5916.2 thousand ha), up by 14.5% YoY (4992 thousand ha). Farmers obtained 12752 KMT of sunseed with the average yield of 2.23 MT/ha, which is all-time high for Ukraine. In 2015 farmers…
Ukraine’s Cabinet of Ministers has approved of new increased minimum alcohol prices, in particular, the floor price of a half-liter bottle of vodka was increased from 54.90 to 69.78 UAH. “The revision was required as prices set since September 2015 have not met real expenses of producers”, Deputy Prime Minister and Economic Development and Trade…
Ukraine in January-October 2016 imported coal and anthracite valued at $1.17 billion, in particular $129.084 million in October. According to the State Fiscal Service, Russia supplied $742.938 million worth of coal, the United States – $168.547 million, Australia – $73.348 million, other countries – $184.879 million. The total volume of coal delivered to the country…
Ukraine in January-October exported electricity valued at $123.288 million, in particular $9.003 million in October. According to the State Fiscal Service, electricity delivered to Hungary amounted to $93.734 million, to Poland to $29.199 million, Moldova to $347,000, other countries to $7,000. In addition, in January-October Ukraine imported $3.006 million worth of power from Russia, and…
Turkmenistan’s investment policy is aimed at drawing foreign capital, Turkmen President Gurbanguly Berdimuhamedov said in a message addressed to the participants of the eighth International Investment Forum. According to the message, the main task of the investment forum is to diversify and increase the competitiveness of local economy and introduce innovative technologies in the industry.…
The volume of trade turnover between Moldova and Romania over 8 months of 2016 amounted to $873.06 million of which the Moldovan export equaled $344.92 million, and the Romanian import – to $528.14 million. In Romania’s trade with the countries outside the European Union, Moldova ranks the 4th place in export terms (purchase of Romanian…
In January-October the port of Ventspils handled 15.5 million tons of cargo (-19.7%, YoY), the port authority says. In October the port handled 1.4 million tons of cargo. Transshipment via Ventspils Nafta terminals totaled 6.6 million tons (-21%), via Baltic Coal Terminal dropped by 50% to 767,000 tons, via Ventspils tirdzniecibas osta – by 32%…
In January-October the Freeport of Riga handled 30,410,900 tons of cargo (-8.8%, YoY). According to the port authority, coal transshipment fell by 12.2% to 10,611,100 tons, oil products – by 20.7% to 7,051,400 tons, wood pellets – by 11.4% to 438,800 tons, ore went up 1.7 times to 337,600 tons. The port’s container throughput climbed…
Freight volume handled at the Port of Klaipeda between January and October increased by 3% YoY and totaled 33.27 million tons, the Port Authority statistics said. In October, the port handled 3.38 million tons of cargo (-0.2%, YoY) including 1.52 million tons of liquid bulk cargo (-14.6%), 1.18 million tons of general cargo (+25.4%) and…
The National Bank of Ukraine (NBU) hopes to cut cash from 14.3% in 2015 to 9.5% of GDP in 2020, NBU Governor Valeriya Gontareva has said. “We set the introduction of cashless payments as a top priority task. We believe that this is one of the key strategic directions for developing the Ukrainian banking system.…
Last week Bulgaria’s domestic market of cereal crops saw a rise in purchase prices. The bullish factors for them included strong grain demand, both from traders and processing companies, along with appreciation of the Bulgarian currency against the US dollar. Prices for Bulgarian milling wheat also continued growing on the export market. Over the week,…
Belarusbank will have its $229,434 credit to OAO Kamvol fabric manufacturer secured by the government. The credit was issued in February 2014 to help the fabric manufacturer replenish circulating assets. The government’s security will cover the repayment of the principal debt and credit interest payments (except for interest payments refunded at the expense of the…
Belarus may take part in the projects to upgrade Cuban steel manufacturers. This issue was on the agenda of the meeting of Belarus’ Ambassador to Cuba Alexander Alexandrov with director of the Mexican company BH Equipos de Mexico Jose Gonzalez in Havana, the press service of the Belarusian Ministry of Foreign Affairs reported. “The sides…
The energy intensity of Belarus’ gross domestic product was halved in the last 13 years. The information was released by Vitaly Kretsky, Head of the Department for Organizational and Legal Work and Interaction with Mass Media in the State Standardization Committee of Belarus. The official said: “The energy intensity of Belarus’ GDP has been halved…
Baltic Line Finland has signed a long term TC-agreement with Prima Shipping for mv Baltic Madonna. The vessel will replace mv Link Star in January 2017, Port of Turku said in its press release. Port of Turku welcomes mv Baltic Madonna to join Baltic Line’s fleet sailing between Finland, Baltic States, Poland, Denmark, Sweden and…
Moderately warm weather with precipitation and night frosts to 12 degrees C was observed in the south and south-east of Kazakhstan on October 21-31. Such weather conditions were less favorable for preparation of fields and completion of winter wheat planting. In Almaty region winter wheat is at stages varying from germination to emergence; its growth…
From the start of the 2016/2017 season Allseeds has been steadily increasing the volumes of sunflower seeds processed at its oil-extracting plant in Yuzhny. As of the end of October, net volume of seeds processed amounted to 120 thousand tons, with 110 thousand tons seeds of the new harvest. In September 79% of the plant…
Ukraine and Slovenia have agreed to resume direct flights between Kyiv and Ljubljana, Ukrainian President Petro Poroshenko has said. “Discussing cooperation in the field of transport, we’ve agreed to resume direct flights between Kyiv and Ljubljana”, he reported after talks with Slovenian President Borut Pahor. The Ukrainian president said this would contribute to deepening cooperation…
CHS Ukraine plans in 2017 for the first time to import carbamide in the amount of 200,000 tons. “We’re trying to trade in fertilizers. In spring we would like to purchase 200,000 tons of carbamide”, company CEO Viacheslav Kolosvetov reported. According to him, the matter concerns possible cooperation with Russia’s Uralchem. Kolosvetov added large agricultural…
Deposit auctions will be enough to absorb excessive liquidity of the banking sector in the foreseeable future, Central Bank First Deputy Chairwoman Ksenia Yudayeva reported. “It will be enough for us to hold deposit auctions in the foreseeable future (to absorb excessive liquidity)”, Yudayeva said. The authority organized the first deposit auction in 18 months…
Ukrainian 2016/2017 grain exports could be 7 million tons lower than originally expected due to logistical difficulties and some companies have already redirected shipments from Ukraine to other countries, traders said. Ukraine had planned to ship abroad around 41 million tons of grain in the 2016/2017 July-June season versus around 39 million tons a season…
Belarusian food products are in demand on all the markets of the Commonwealth of Independent States (CIS), Belarusian Antimonopoly Regulation and Trade Minister Vladimir Koltovich reported. “Foreign partners like Belarusian products. Russians, Ukrainians and Kazakhs know that the Belarusian quality is high, and our products are welcome on all the CIS markets”, the minister stressed.…
China has proposed to establish Ukrainian-Chinese free trade area. Chinese Ambassador to Ukraine Du Wei said this during an opening ceremony of Ukraine Silk Road International Forum held in Kyiv. “The Chinese side has proposed to create the Russian-Chinese free trade zone. We hope to intensify a research on this issue with the Ukrainian side”,…
Late October and early November featured a temperature upturn in Bulgaria. The temperature increase against the background of sufficient topsoil moisture reserves caused winter crops to resume their active growth. Exceptions are some parts of South Bulgaria where soil moisture shortages hamper development of winter cereals and rape. Plants of winter wheat and barley seeded…
This season wheat quality issues are particularly acute. An increase in feed grain supply from the Black Sea countries is a characteristic feature of the current season. The growth of milling wheat share in Ukraine will be offset by increased feed wheat production in Russia and Kazakhstan. Traditionally, Kazakhstan produces grain of highest quality compared…