Customs control measures undertaken by the Baltic Customs have uncovered a scheme used to take marine bunker fuel stated as stores outside the territory of the Eurasian Economic Union without payment of customs dues. According to the press center of the Baltic Customs, over 12,000 tons of fuel was exported through the scheme. According to…
As of October 1, the general production of spring grains and pulses in Russian agricultural organizations reached 110.6 million tons in bunker weight, up by 16.2% YoY, the Federal State Statistics Service of the Russian Federation (Rosstat) announced. According to the announcement, the agricultural organizations, which concentrated 67.9% of the whole planted areas under grains…
In January-September Azerbaijan increased export of agricultural products by 31.9% YoY, the country’s Deputy Minister of Agriculture Seyfaddin Talibov said. He said that about 90% of agricultural products of Azerbaijan was exported to Russia. “We hold 11th place among exporters of agricultural products to Russia”, Talibov said. “2.7% of Russian imports of fruit and 3.5%…
Entrepreneurs will be able to take part in at least 5 international exhibitions in 2017 through the line of Azerbaijan’s Economy Ministry, the country’s Economy Minister Shahin Mustafayev said. Mustafayev said that in 2017, Azerbaijani businessmen would be able to showcase their products at exhibitions in Dubai (UAE), Moscow (Russia), Habsburg (Switzerland) and Dusseldorf (Germany).…
Azerbaijan plans to increase the share of alternative and renewable energy sources in the country’s energy balance to 20% by 2020, Head of Azerbaijan’s State Agency for Alternative and Renewable Energy Akim Badalov said. He said that currently the share of alternative energy in Azerbaijan was 16%. “By 2020, we plan to increase this figure…
As many as 50 inspections of business activities were carried out in Azerbaijan in January-September, while the figure was 50,000 for the first nine months of last year, the country’s Economy Minister Shahin Mustafayev reported. “Recently, Azerbaijan’s President Ilham Aliyev has taken very significant steps to promote entrepreneurship, support local production and promote non-oil exports”,…
Azerbaijan and Iraq have discussed opportunities for carrying out regular passenger and cargo flights.
The discussion took place as a delegation of Iraqi aviation administration visited Azerbaijan State Civil Aviation Administration.
The delegation also familiarized themselves with the activity of the Heydar Aliyev International Airport. (Azertac/Business World Magazine)
According to Ukrainian ministry of agrarian policy a lot of work is being done on strengthening of trade relationships with China. Currently it is planned to enlarge the list of agro commodities exported to China and to open Chinese market for Ukrainian berries and sunflower meal. It should be noted, that trade volumes in oilseed…
According to the official statistics figures, in September Ukraine exported nearly 15.2 thousand tons of high-oleic sunflower oil, up 3 times MoM (4.8 thousand tons), and up 16 times YoY (954 tons). In September the Netherlands (42%), India (26%), the United Arab Emirates (14%) and Saudi Arabia (10%) became the largest foreign buyers of the…
The Framework Agreement on technical and financial cooperation has been signed on October 8, between the Cabinet of Ministers of Ukraine and the government of the Kingdom of Norway, First Deputy Minister for Economic Development and Trade Yulia Kovaliv has stated. “Norway has been supporting Ukraine on the international arena for a long time, and…
As of October 17, winter crops had been sown at 5307 thousand ha, or72% of the forecast area – 7374 thousand ha. This included 4804 thousand ha of winter wheat and triticale (77% from the planned 6198 thousand ha), 140 thousand ha of rye (95% of 147 thousand ha), 364 thousand ha of barley (35%…
In January-September in Ukraine the average selling prices of agricultural enterprises for agricultural products increased by 8.6% YoY, the press-service of the State Statistics Service of Ukraine declared. In particular, in the reporting period the average prices for plant growing commodities grew by 20.6%, and the prices for livestock commodities dropped by 0.5%. In September…
Alternative and renewable energy sources won’t be able to completely replace the traditional ones, Azerbaijan’s Energy Minister Natig Aliyev said, according to the message of the country’s Ministry of Energy. “Despite the work done in this sphere, the share of renewable energy on Azerbaijan’s energy balance is not so high for now, and it’s necessary…
As many as 62 projects by Azerbaijan’s entrepreneurs have received an investment promotion document worth 787 million manats since April, the country’s Economy Minister Shahin Mustafayev said. The minister said that currently nine projects worth 55 million manats were also being considered. “The implementation of these projects will make it possible to open over 5,000…
In the season-2015/2016 the processing volumes of soybeans at oil in Ukraine increased to 1.15 million tons, as opposed to 1 million tons in 2014/2015 MY (up by 14%), due to modernization of the existing processing lines, and increasing of the production capacities through launching of a new large factory of LLC Katerynopilsky Elevator at…
Russian gas giant Gazprom has increased its transit request through Ukraine to 277 million cubic meters daily, Maxim Belyavsky, spokesman for gas pipeline system operator Ukrtransgaz, said in a Facebook post. “A daily order for transit of 277 million cubic meters has arrived from Gazprom today. As far as I remember, this is the highest…
The National Agency for Energy Regulation (ANRE) set new price ceilings for gasoline and diesel fuel. The new prices will be applied between October 19 and November 1. The price ceiling for a liter of gasoline coded 95 is 16.84 lei, up from 16.24 lei until now, while for a liter of diesel fuel is…
At an intergovernmental meeting between the Kyrgyz authorities and the Chinese authorities, the Minister of Economy said that the country could increase the volume of exports of agricultural products to other countries of the EEA (market of 170 million persons) and to China. Export of Kyrgyz products to China increased by 88.3% in 2016 and…
Belarus’ OAO Keramin (based in Minsk, sanitary stoneware manufacturer) earned a net profit of Br3.754 million ($1.95 million) in H1 2016, down by 46.4% YoY, according to the Q2 report of the Finance Ministry’s Department for bonds and securities. Keramin’s sales proceeds totaled 69.895 billion rubles ($36.307 million), down by 1% YoY. The statutory capital…
On September 16, the European Commission approved of eleven GM corn varieties created by Syngenta. The permission was granted for corn use as food and fodder for ten years, but did not apply to its cultivation. In July the European Commission allowed imports of three GM soybean lines (two – by Monsanto, and one –…
The European Union intends to allocate EUR 104 million to support Ukraine’s state management reform for 2016-2020, and Ukraine will receive the first tranche totaling EUR 10 million in early 2017. This was stated at a presentation of the renewed structure to support reforms, which was held in the Cabinet of Ministers of Ukraine with…
Ukrainian Energy and Coal Industry Minister Ihor Nasalyk predicts that the nuclear power plants (NPPs) share of total power generation in Ukrainian power grid would grow from current 60% to 65% at the end of October. “We have brought the share of nuclear power generation from 47% in May to 60% today, and in a…
The European Bank for Reconstruction and Development (EBRD) says it has implemented 245 projects in Belarus providing consultancy services for small and medium-sized businesses. More than 200 local and 1,000 international experts were engaged in SME consultancy projects in Belarus, the EBRD said in a press-release. In the framework of its SME consultancy program in…
Freight volume handled in the Port of Liepaja in January-September fell by 2.3%, YoY, to 3,870,700 tons, the Port Authority reported. Grain shipments declined by 0.5% to 1,861,500 tons, construction materials – by 14.8% to 381,200 tons, timber – by 35.1% to 259,700 tons, crude oil went up by 7.8% to 42,400 tons, oil products…
For the second consecutive season Bulgaria looses ground in corn market. While Ukraine, Russia and Romania increase corn production, Bulgarian farmers might have decided not to enter this competition. Firstly, after last season’s bad experience Bulgarian grain producers reduced corn planted area for the 2016 crop by 9.5% to the level of previous years, partially…
According to Bulgarian Ministry of Agriculture, as of October 6, 327 thousand ha of corn were threshed, which was 77% of the plan (423 thousand ha). 1685.8 KMT with the average yield of 5.16 MT/ha were threshed. Pace of harvesting is 23.6% higher than in 2015. As of the reporting date, average corn yield is…
The Belarusian Potash Company (BPC) says it has opened an affiliated company in Ukraine. BPC’s Agrorozkvit (literally stands for AgroRenaissance) started operating in Ukraine in October. BPC refers to Ukraine as a country with developed agriculture and hopes to ensure maximum coverage of the country’s potash market with the help of Agrorozkvit led by Dmitry…