The German-Ukrainian Fund (GUF) has provided state-controlled Ukrgasbank (Kyiv) with additional funding in the amount of EUR3.5 million and 23 million UAH for lending to small and medium businesses, the bank said. According to the report, a relevant agreement with the GUF was signed on December 28, 2016. Financial resources are given to Ukrgasbank for…
Kyivstar, the leading Ukrainian mobile operator, intends in early 2017 with the help of its subsidiary StarMoney LLC to launch the first set of financial services, in particular, public transfers and payments to third parties. The press service of the company said, bank issuing electronic money in the project would be state-controlled Ukrgasbank and Pravex-Bank…
Linseed exports from Ukraine totaled 4.8 KMT in November, up by 14% MoM (4.2 KMT) and by 7% YoY (4.5 KMT). Despite November’s upward trend in exports, their three-month total amounted to just a third of the volume exported in the same period last year: 13.3 KMT against 40 KMT, respectively. A peculiarity of the…
Belarus expects to reach a compromise in an oil and gas dispute with Russia no later than in the first quarter of 2017, Belarusian Deputy Prime Minister Vladimir Semashko said. “There is a mutual understanding from both sides. We have all arguments and necessary instruments to fulfill a joint plan of action. We hope to…
The gross grain harvest in Kazakhstan this year was 23.7 million tons, up almost by 4 million tons YoY. Kazakh farmers have also harvested 3.6 million tons of vegetables and 2.2 million tons of melons, exceeding last year’s produce yield by 511,000 tons. First Vice Minister of Agriculture Kairat Aituganov reported on the results and…
The Food Contract Corporation procurement prices for sunseed, rapeseed and linseed were adjusted upwards (on average by 6%). Procurement prices for soybeans were left unchanged. In October the Food Contract Corporation for the first time announced procurement of sunseed, linseed, rapeseed and soybeans. The measures taken by the corporation contributed to the formation of optimal…
In November Ukraine exported record volumes of sunflower oil at 535.6 thousand tons, up by 23% MoM and by 44% YoY. During the first 3 months of the season-2016/2017 (September-November) the country exported 1.24 million tons of sunflower oil, up by 31% YoY. India took the first position in the list of countries-importers with a…