Estonia: VKG loses oil shale price dispute in court

Northeastern Estonia-based shale oil producer Viru Keemia Grupp (VKG) lost in court in an oil shale dispute against state-owned energy group Eesti Energia and the Estonian Competition Authority. Tallinn Administrative Court decided not to satisfy a claim filed by VKG AS and VKG Oil AS regarding the termination of a supervision proceeding. The Estonian Competition…

Ukraine: Severodonetsk Azot resumes production of ammonium nitrate

PJSC Severodonetsk Azot (Luhansk region) has resumed production of ammonium nitrate, the company’s website reports. “We have renewed work on the entire technological chain – from accepting ammonia to obtaining mineral fertilizers. And we’ve renewed the work of power units and two technological departments: production of nitric acid and production of ammonium nitrate. The mineral…

Ukraine to increase exports of goods to Canada

First Deputy Prime Minister and Economic Development and Trade Minister Stepan Kubiv has said that Ukraine is interested to increase exports of goods to Canada. In a post on his Facebook page, he wrote: “With my colleague Minister of International Trade of Canada Francois-Philippe Champagne we discussed new opportunities for trade. A total of 154…

Estonia: Elron to increase ticket prices

The Estonian state-subsidized Elron, which operates passenger rail service across Estonia, is increasing ticket prices for its electric and diesel trains by 3% to 5% on average. The new prices will take effect on December 10. “Beginning on December 10, the procedure for calculating infrastructure fees will change,” explained Elron sales and development manager Ronnie…

Ukraine: new cargo route from Xinjiang developed

A new China-Europe freight train route was launched on October 29 in Urumqi, capital of northwest China’s Xinjiang Uygur Autonomous Region. The first train, carrying oil drilling equipment is bound for Poltava via Kazakhstan and Russia. This is the first cargo train linking Xinjiang with Ukraine. The new route will cut the transportation time from…

Ukraine: NBU sells $86 million at auction

The National Bank of Ukraine (NBU) at the foreign exchange auction on October 27 sold $86.1 million to Ukrainian banks, according to the press service of the central bank. The minimum exchange rate of hryvnia during the auction was UAH 26.86 per U.S. dollar, the maximum – UAH 26.87 per U.S. dollar. Earlier, the NBU…

Turkmenistan and Ukraine discussing infrastructure projects

President of Turkmenistan Gurbanguly Berdimuhamedov met with Ukrainian businessmen, Chairman of the Board at Interbudmontazh Construction Association Vladimir Petruk and Director General of Altcom Financial Industrial Group Alexander Tislenko, the Turkmen government said in a message. President Berdimuhamedov noted that Turkmenistan aimed at mutually beneficial cooperation with foreign partners, including with the business circles of…

Turkmenistan: planting campaign of winter grains complete

In Turkmenistan, agrarians have already completed the planting campaign of winter grains throughout the areas of 760 thousand ha, the Ministry of Agriculture reported. According to the President of Turkmenistan, Gurbanguly Berdimuhamedow, high-quality and well-organized planting campaign is the guarantee of a rich harvest. Turkmen grain producers provide the country’s food independence, and increase the…