Belarus: corn and sugar beet harvesting continues

As of October 13, agricultural organizations in Belarus continued harvesting corn for grain and sugar beet, the Ministry of Agriculture and Food declared. In particular, agrarians harvested 377.6 thousand tons of corn throughout the areas of 47.3 thousand ha (26.7%), with the average yield of 7.99 ton/ha. Last year the grain production volumes totaled 174.4…

Belarus: Grodno Azot reports 0.7% drop in commodity output in January-September 2016

Belarus’ chemical company OAO Grodno Azot manufactured Br961.8 million worth of chemical products ($502.785 million) in January-September, down by 0.7% YoY, the company said in an official report. OAO Grodno Azot’s nitrogen fertilizer output stood at 593,633 tons (in terms of 100% nitrogen) in January-September, down by 4.6% YoY; carbamide output decreased by 5.2% to…

Azerbaijan: investors exempt from state duties

Investors who put their funds in Azerbaijan in accordance with the Build-Operate-Transfer (BOT) model have been exempt from the state duties. The corresponding amendments to the law “On state duty” were approved by Azerbaijani MPs at the plenary session of the country’s parliament October 14. In accordance with the BOT model provided by the law…

Ukraine: Ukroboronprom creating UKRARPA defense innovation development platform

Ukroboronprom State Concern initiates the creation of the UKRARPA defense innovation development platform. The initiative to create the platform meeting modern trends of global defense industry was announced by Ukroboronprom head Roman Romanov at the 13th Arms and Security 2016 in Kyiv. “The form of UKRARPA has been selected. It would unite designers, start-ups, investment…

Lithuania: LNG terminal is a success story

Dominique Ristori, Director-General of the Directorate-General for Energy within the European Commission, visited a Klaipeda-based liquefied natural gas (LNG) terminal controlled by AB Klaipedos Nafta. Ristori praised an alternative gas supply model chosen by Lithuania, Klaipedos Nafta says in a press release. During a two-day visit to Lithuania, Ristori was interested in the targets of…

Ukraine: forecast of soybean production in 2016/2017 MY up

In September analysts of APK-Inform Agency increased their forecast of soybean yield in Ukraine in the current year to 2.18 ton/ha (in clean weight).

The previous forecast stood at 1.93 ton/ha. (APK-Inform/Business World Magazine)

Turkey to boost trade with Russia

Turkey and Russia plan to boost their trade to $100 billion a year, Turkey’s Minister of Economy Nihat Zeybekci said. “Our goal is to bring bilateral trade up to $100 billion a year. We can reach it in several years”, he explained. According to the minister, issues of trade and economic relations between the two…

Ukraine: poor weather to cut winter grain area

Torrential rains across most of Ukrainian regions after a severe drought could leave around 1.2 million acres of winter grain area unsown and winter wheat is under major threat, a senior state weather forecaster said. Ukraine’s winter wheat harvest is highly dependent on moisture content in the soil during the autumn sowing, air temperatures in…