Such decision was made by Ukrainian parliament. The moratorium for purchasing and selling of agricultural land or for other way of land alienation will remain effective until further regulations on the governmental level are adopted, but no earlier than January 1, 2018. Adoption of decision on land issue had not been expected to be put…
Microsoft has added Russian to the list of languages supported by Skype Translator in simultaneous interpreting of video calls and its other products on the basis of the Microsoft Translator platform, the U.S. company said in a statement. “The inclusion of Russian into the catalogue of Skype Translator is a result of multi-year research and…
Lipetsk Region of the Russian Federation is interested in expanding food supplies from Belarus. Cooperation prospects in the area were discussed during the official visit of the delegation from Lipetsk region led by Deputy Head of the Administration Andrei Kozoderov to Belarus on October 3-6. The delegation of Lipetsk region got familiar with the Belarusian…
A record-high grain and other crops harvest has been gathered in Kazakhstan this year, Deputy Minister of Agriculture Kairat Aituganov said. The gross grain harvest amounted to 23.1 million tons in bunker weight, up 1.4 times YoY. The average yield totaled 15.2 hundredweights per hectare. Of that amount, 5.7 million tons of grain was harvested…
In January-August Russia exported 13.967 million tons of wheat and meslin valued at $2.366 billion, the Federal Customs Service of Russia declared. According to the announcement, the major volumes of wheat were traditionally shipped to far abroad foreign countries – 13.278 million tons ($2.25 billion). In the reporting period, wheat import volumes to Russia totaled…
Germany’s credit institution KfW is providing a EUR 150 million loan for implementation of a project to reconstruct substations in eastern Ukraine. The individual loan agreement between Ukraine’s Cabinet of Ministers and KfW was signed at the ninth meeting of the Ukraine-Germany high-level group on economic cooperation. Eva Witt, KfW Director for Eastern Europe, Caucasus…
The Finance Ministry of Belarus forecasts that the country’s state debt will grow to 42% of the GDP by late 2016. Vice Minister of Finance Yuri Seliverstov made a statement to this effect at the conference “The Role of the Export-Import Agency in the Belarusian Economy” on October 7, in Minsk. Belarus’ state debt now…
Russia’s gross domestic product (GDP) may grow by 0.2% in 2017, by 0.9% in 2018 and by 1.2% in 2019, according to a baseline forecast by the Economic Development Ministry in the ministry’s adjusted 2017-2019 social and macroeconomic development forecast. In 2016, GDP contraction will slow down to 0.6%, the ministry said. The ministry based…
The Individuals Deposit Guarantee Fund seeks to put 100% of corporate rights and intellectual rights to the trademark of the Yarych confectionary factory (Lviv region) up for sale. The fund said in a press release that loans of the company on the balance sheet of Bank Forum would be auctioned. The bank also has buildings…
Russia’s foreign trade surplus decreased by 48.1% YoY to $63.1 billion in January-September, the central bank said.
In January-September 2015, the foreign trade surplus amounted to $118.2 billion. (Prime/Business World Magazine)
The Belarusian mechanical engineering company Belkommunmash has offered St Petersburg (Russia) its electric buses for the 2018 FIFA World Cup, Belkommunmash Director General Vladimir Korol reported. “An agreement has been reached with St Petersburg on a trial operation of our electric buses. St Petersburg is interested in it, as the city is gearing up to…
Belarusian farmers have finished rapeseed harvesting. Oilseeds and their processed products self-sufficiency remains the topical issue in the country these days. Belarus reduced rapeseed planted area for the fourth consecutive season. Besides, rather bad wintering also had a negative impact on production. Consequently, rapeseed production declines along with increase in meals imports to Belarus, particularly…
Belarus decreased electricity exports to Lithuania by 6.6% YoY in January-July to 83.7 million kWh, according to official statistical reports. Belarus’ proceeds from electricity exports to Lithuania reduced by 5.8% to $4.885 million. Lithuania was the key and basically the only destination of Belarus’ electricity exports in 2015. Belarus plans to export to Lithuania around…
Belarus produced 465,600 peat briquettes in January-August, up by 19.2% YoY, the Energy Ministry of Belarus reported. In August peat briquette output totaled 77,200 tons, up by 12.5% YoY. Peat output totaled 1.416 million tons in January-August, up by 26% YoY. In August peat output grew by 62.4% to 199,700 tons. Peat in Belarus is…
In January-August Belarus decreased the import of merchandise and services by 10.9% YoY to $18.978 billion, according to the latest statistics released by the National Bank. In January-August Belarus’ foreign trade totaled $38.1 billion, down by 12.7% YoY. Belarus’ exports amounted to $19.159 billion (down by 14.4%), with imports at $18.978 billion (down by 10.9%).…
Belarus and China are considering opportunities for the implementation of joint projects in mechanical engineering. The prospects for the bilateral cooperation in this field were discussed during the recent meeting between Chairman of the State Science and Technology Committee of Belarus Alexander Shumilin and representatives of the Beijing Municipal Science and Technology Commission, the press…
There is a plan to transform the Belarusian Currency and Stock Exchange (BCSE) into a multifunctional financial institution, NBB First Vice Chairman Taras Nadolny said. The National Bank of Belarus plans to promote further development of the stock market and recommends Belarusian banks to be more active in entering the statutory capital of state-owned companies.…
Construction of Russia-led Turkish Stream gas pipeline will start in 2018, gas giant Gazprom CEO Alexei Miller reported. “A start to the project implementation has been given. Under our plan, construction will begin in 2018”, he said. Russia and Turkey signed an agreement to build the pipeline, which would consist of two branches with a…
Last week “Seedco Ukraine” in Ichnya town (Chernigov region) launched the first line of crushing plant. Project capacity is 80 tons per day and yearly production capacity is 25 KMT. The installed equipment allows crushing not only sunseed, but also other crops. The company has relationships with trading companies of EU and Japan and so…
Ukrzaliznytsia in 2016 plans to repair 100 passenger cars and next year – 200 cars, making them modern with vacuum water closets, Ukrainian Infrastructure Minister Volodymyr Omelyan said. “The standards will be changed. We will stop using feather pillows and blankets with dust. The European service will be introduced. It will meet hygiene standards. We…
After some slowdown in 2015, Ukraine’s poultry production is returning to its upward trend, according to the latest report from the US Department of Agriculture’s Foreign Agricultural Service (FAS). Production in 2016 is expected to be record-high, and production in 2017 is expected to continue the growth, boosted by low feed grain prices from the…
Ukraine needs to lift the ban on export of timber and settle the issue of social payments to internally displaced persons in order to get the next tranche of macro-financial assistance to the tune of 600 million EUR from the EU, new head of the EU Delegation to Ukraine, Ambassador Hugues Mingarelli has said. The…
The Embassy of Ukraine in the Republic of Indonesia in cooperation with the State Service on Food Safety and Consumer Protection informed about expansion of the list of Ukrainian agricultural products allowed for exports to Indonesia, the Council of Exporters and Investors under the Ministry of Foreign Affairs of Ukraine declared. Previously Ukraine was able…
On October 3-9, Ukraine exported 545.9 thousand tons of grains from the seaports against 1.02 million tons on the previous week.
In particular, wheat shipments reached 312 thousand tons, barley – 155.6 thousand tons, and corn – 78.3 thousand tons. (APK-Inform/Business World Magazine)
Turkey has proposed to control safety of all food products delivered to the Russian market as well as fine suppliers of unsafe foods, Deputy Minister of Turkey’s Food, Agriculture and Livestock Nusret Yazici said at the meeting with the head of Russia’s Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) Sergey Dankvert. “The products recognized…
The share of Turkish goods hit by Russian sanctions introduced early in 2016 accounted for 22% in the structure of Russian import from Turkey or nearly $1 billion in 2015, the Russian Ministry of Economic Development said in draft customs and tariff policy guidelines for 2017-2019. If Russian sanctions continue to be in effect by…
PJSC Turboatom (Kharkiv), in which 75.22% of the shares are owned by the state, will pay dividends over the past year in the period from December 15, 2016 to February 9, 2017. The supervisory council of the company made the decision on October 6. On August 9, Turboatom shareholders decided to pay 75% of net…