In January-September Ukrainian flour milling enterprises produced 1.392 million tons of flour, down by 5.6% YoY, the State Statistics Service of Ukraine declared. In particular, the production volumes in September totaled 181 thousand tons, up by 2.8% MoM and down by 3.2% YoY. In January-September the production volumes of crude sunflower oil in Ukraine totaled…
The European Union (EU) is ready to pay attention to the protection of rights of households as part of the provision of technical assistance to Ukraine in reforming the energy market, Secretary of Competitive Policy and Energy Markets at the Delegation of the European Union to Ukraine Jose Manuel Hernandez has said. At the discussion…
On October 22, Ukraine imported record-breaking 42.016 million cubic meters of natural gas from Slovakia, according to the data from public joint-stock company Ukrtransgaz. The previous highest figure for imports from Slovakia in the 26-month history of gas imports from this country was recorded in October: 41.859 million cubic meters on October 21, and 41.627…
Azersun Holding and other big Azerbaijani companies will participate in the first International Fruit and Vegetable Fair in Tashkent, to be held on November 8-10, Jahangir Aminov, adviser to the Uzbek ambassador to Azerbaijan, said. He added that the contracts for the supply of fruit and vegetables from Uzbekistan to Azerbaijan were planned to be…
Azerbaijan’s President Ilham Aliyev has signed a decree on application of the “Law on Amending Tax Code of Azerbaijan” adopted by the country’s parliament on September 30. The amendments stipulate removing the value added tax (VAT) for the goods transshipment services directly related to transit cargo transportation. The VAT rate in Azerbaijan is 18%. Currently,…
Azerbaijan Caspian Shipping CJSC has launched Shahdag ferry for traffic on the Trans-Caspian International Transport Route, the CJSC said in a message. The message says that the ferry has been launched after a major overhaul. Main and auxiliary engines, various systems, steering wheel and other mechanisms, as well as premises and accommodation were modernized during…
A major project is being implemented in order to improve reliability of power supply of Ashgabat city. Dozens of modern transformer substations have been built within this project, including 5 substations with voltage of 220 kV, 22 substations with voltage of 110 kV and 29 substations with voltage of 35 kV. As many as 140…
As many as 78 state enterprises and facilities will be put up for privatization of the State Property Issues Committee of Azerbaijan on November 22, the message of the committee said. The enterprises operate in the fields of cotton growing, agricultural chemistry, transport, construction and others. These enterprises are located both in Baku and in…
Belarusian producers of poultry meat have plans to obtain certificates to sell products to the European Union, Alexei Bogdanov, the head of the main division for foreign economic affairs at the Agriculture and Food Ministry of Belarus, reported. “Work is underway to get products of Belarusian poultry farms certified for export to the European Union.…
Belarus and Russia’s Yaroslavl region have agreed to advance relations in manufacturing cooperation, road construction and pharmaceutics, the press service of the Embassy of Belarus in Russia reported. A Belarusian delegation led by Industry Minister Vitaly Vovk visited Yaroslavl region on October 20. The delegation included representatives of government agencies, industrial enterprises and their distributors…
In the near future the machine tool factory based in Baranovichi, Brest region, intends to start selling merchandise to Hungary, the head of the enterprise’s Marketing Office Dmitry Krivorot reported. An agreement on cooperation was signed during the international mechanical engineering expo MSV 2016 in Brno, Czech Republic, in October. As part of the agreement…
A.M. Best, the world’s oldest and most authoritative insurance rating and information source, has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of “bbb-” of AzRe Reinsurance OJSC, the sole domestic reinsurer in Azerbaijan. The outlook of these Credit Ratings (ratings) remains stable, according to the service’s message. “The ratings…
PJSC “Sumy Machine Building Science-and-Production Association” signed a contract with a domestic company “Ukrnafta” for the supply of regeneration-evaporation column K-2. According to Sergei Antykov, the senior sales manager for equipment of chemical plants, this is a typical product of Sumy engineers. “The equipment specified by the agreement is designed for ethylene glycol from the…
Commissioning of a new oil terminal with a capacity of 540.000 tons near Turkmenistan’s border with Afghanistan, anticipated in the nearest future, will allow Turkmenistan to increase exports of oil products, said the message of Turkmen Oil and Gas Complex. According to the message, Turkmenneftegazstroy state oil and gas construction concern is finishing the construction…
More than 1.50 million tons of raw cotton have been collected in Turkmenistan, the Turkmen government said in a message. According to the message, the total area of land allotted for cotton is 545,000 hectares. The country’s farmers continue to pick cotton and the picked cotton is delivered to the cotton processing enterprises. Cotton is…
Construction of the Turkmen section of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline is conducted at an accelerated pace, the Turkmen government said. A report on the progress of the construction was presented at the enlarged meeting of the country’s Cabinet of Ministers on the results of the nine months of 2016. “We are taking effective steps…
Air Arabia, a low-cost airline of the UAE, is opening direct Sharjah-Baku flights. The launch of flights is a result of joint cooperation between Air Arabia, Azerbaijan Airlines CJSC and the authorities, and is aimed at the development of a new route linking Baku and Sharjah. Air Arabia will start flights from Sharjah International Airport…
Forty-five water reservoirs in Kazakhstan are in a dangerous condition and require repairs, Kazakh Agriculture Ministry has said. In total there are 309 water reservoirs in Kazakhstan. The state owns 83 of them. Regional municipalities own 191 reservoirs and 35 reservoirs are privately owned. The biggest reservoirs in Kazakhstan are Bukhtarma reservoir in the east…
The forecasts say that the real GDP growth in Kyrgyzstan will be 2.9% in 2017, country’s Prime Minister Sooronbay Jeenbekov has said. The Prime Minister noted that the risks which could affect the GDP growth in 2017 were instability of the global economy, dependence of the economy on world prices for gold and energy resources,…
Azerbaijan’s Prime Minister Artur Rasizade has met President of Venezuela Nicolas Maduro. Rasizade said Azerbaijani-Venezuelan relations were at a good level, adding that both countries supported each other within international organizations. The Prime Minister said there was good potential for boosting economic ties between the two countries and stressed the importance of increasing efforts for…
Zhitkovichikhimservis Company, which implements a pilot project to produce highly efficient organic fertilizers through advanced sapropel processing, has received modern equipment for sapropel processing. The equipment transfer was facilitated in the framework of the Green Economy Project run by the European Union and the UNDP. The equipment transferred during a special ceremony on October 20,…
Ukraine will build its own centralized spent nuclear fuel storage facility and from 2017 the country will not remove spent nuclear fuel for temporary storage to Russia, Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has said. “I want to thank the Verkhovna Rada that we have settled the issue of building the dry spent…
Ukraine’s state railway transport administration Ukrainian Railways has blocked entrance and transit through the country to tank wagons of some Russian railway operators, including Sberbank Leasing and SG-Trans, according to the letter of Ukrainian Railways. Besides tank wagons of Sberbank Leasing and SG-Trans, Ukrainian Railways blocked entrance and transit of all cargoes and empty tank…
As of October 1, agricultural enterprises and grain storage and processing enterprises of Ukraine stocked 24.87 million tons of grains and sunflower seed, down by 897 thousand tons YoY, the State Statistics Service of Ukraine declared. In particular, the carry-over stocks of wheat reached 14.477 million tons, corn for grain – 3.99 million tons, barley…
On October 17-23, Ukraine exported nearly 1 million tons of grains from the seaports, against 506 thousand tons on the previous week.
In particular, wheat shipments reached 544 thousand tons, barley – 142.6 thousand tons, and corn – 320.1 thousand tons. (APK-Inform/Business World Magazine)
Vegetables, fruit, and milk in Ukraine are mainly produced by small farms. However, there are virtually no proper conditions for their functioning. This was stated by Raimund Jehle, the Regional Strategic Programs Coordinator for Europe and Central Asia of the UN Food and Agriculture Organization (FAO). “You will be surprised to know that 90% of…
Diamond output of Russian uncut diamond mining giant Alrosa fell by 6% YoY to 27.9 million carats in January-September due to lower output, the company said in a statement. Less sands from alluvial deposits were processed at the Nurba plant because of adjustment of the 2016 production plan; less ore was produced at the Aikhal…