Ukraine: Wind Power restructuring its loan

Wind Power LLC, a part of an operational company DTEK Renewables, that manages assets in the renewable energy sphere, entered into an agreement with the lender to change the terms of the financing secured by the guarantee of the parent company DTEK Renewables B.V. In 2012-2014, Wind Power raised two loans from LandesBank Berlin AG…

Ukraine: over 10 million tons of grains exported

Since the beginning of 2016/2017 MY, Ukraine exported 10.215 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, wheat exports totaled 6.474 million tons, corn – 602 thousand tons, and barley – 3.109 million tons. Also, wheat exports reached 68.1 thousand tons, and flour from other grains –…

Belarus: Turkish business seeking stronger presence on the market

The Turkish business shows interest in expanding its presence in the Belarusian market, Chairman of the Turkish-Belarusian Business Cooperation Council Sefa Gomdeniz said at the investment forum in Minsk on September 29. Turkish companies are ready to offer Belarus new big investment projects. Possibilities of cooperation expansion are being discussed at the governmental level, the…

Russia to boost grain exports

Russia plans to increase grain exports, despite president Vladimir Putin’s recommendations not to rush with exports given lower international prices, Agriculture Minister Alexander Tkachyov said. “Of course, the country’s interests, its food goals, feed stuff for animals, seeds come first, while the rest is exported”, he said. “Our balance is (good), we obviously will increase…

Russia: Renova gets no offers to sell T Plus

Russian multi-industry holding Renova Group has not received any offers to sell its unit, power producer T Plus, Viktor Vekselberg, the group’s main owner and chairman of the board of directors, said. Ensuring power supplies in 16 Russian regions, T Plus is currently involved in a bribery case. According to the Investigative Committee, in 2007-2014,…

Russia: oil output to fall after 2018

Russia’s oil production may fall after 2018 if the government keeps the tax burden on the industry, Vagit Alekperov, CEO of oil major Lukoil, said. “I would not like to be some kind of a prophet, but stabilization will be there already in 2017. While in 2018-2019 production will fall”, he said, when asked about…

Russia: grain sales up in January-August 2016

In January-August Russian agricultural enterprises increased grain selling volumes by 9.9% YoY to 26.6 million tons, the Federal State Statistics Service (Rosstat) declared on September 29.

In particular, in August the reporting index totaled 7.6 million tons, up by 5.4% YoY. (APK-Inform/Business World Magazine)

Ukraine: economic effect from raising EU quotas for farmers to reach $200 million

Ukrainian Deputy Prime Minister for European and Euro-Atlantic integration Ivanna Klympush-Tsintsadze has estimated the economic impact of a possible increase in EU quotas for Ukrainian agricultural products to reach $200 million. “We received proposals yesterday, and preliminary assessments by our Ministry of Agrarian Policy stand at about $200 million. It is farm produce alone, the…