Total cereal production is anticipated to reach a new record in 2016. Most of the increase is due to a well above-average wheat crop production, which is estimated to rise by 40% from the 2015 level. Wheat production is set at 200 thousand tons in 2016, following increased planting area and very good yields. Similarly,…
Amkodor-Bryansk Ltd, a Russian affiliate of Minsk-based OAO Amkodor, plans to assemble 30 power loaders per month in 2017, the Russian companies said in a press-release. After increasing the share of local parts and components, Amkodor-Bryansk is expected to increase monthly output to 50 units in 2018. Amkodor-Bryansk is Amkodor’s key importer in Russia, with…
While sunseed processing and sunoil output in Ukraine show a record fast pace, hitting new highs every month, soybean crushing and soyoil production by oil extractors keep lagging behind last year. Large and medium-sized crushers in Ukraine produced 14.5 KMT of soyoil in November against 15.7 KMT in November 2015. 34.3 KMT of soyoil was…
Nibulon, one of Ukraine’s largest grain production and trading companies, will receive a 71 million euros loan to help improve its infrastructure as part of a 600 million euros loan package announced by the European Investment Bank (EIB) on December 19. The financing will foster a multi-scheme investment at Nibulon focused on creating a more…
Cabinet approves of the concession of the right to prospect oil and gas deposits in the south of Moldova to Frontera Resources International, the USA. The Cabinet took this decision at the request of the Ministry of Environment of Moldova taking into account that the company had won the international tender for geological prospecting of…
Lenders in Estonia are continuing to build a common positive credit rating register to enable banks and creditors assess the ability of upcoming clients to repay their debts. “Things are currently in the programming phase”, Alar Jager, development director at AS Creditinfo explained. “This is a project with an open deadline, so to speak, because…
Over the first nine months of 2016 purchase prices have slightly recovered with farmers being able to sell milk 2.5% higher and pork – 9% higher, the Estonian Rural Affairs Ministry found in a survey. The ministry’s Deputy Secretary General for Agricultural and Rural Life Policies Marko Goran evaluates: “The low ebb of the milk…