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Ukraine: Ovostar obtains the EU approval for the export of shell eggs

Ovostar Union, a leading shell egg producer in Ukraine, has received a permission to export the shell eggs of class A (table eggs) to the European Union effective from September 12. According to a report on the company's website, the company is planning to start first deliveries in October. According to the EU materials, the subsidiary of Ovostar LLC Yesensvit (Stavysche,...

Ukraine: wheat export prices down

Bearish price trends persisted on the Ukrainian milling wheat market last week. Average export prices for 12.5%- protein milling wheat closed the week down by another $1-2/MT FOB for September-October delivery. Prices for wheat with 11.5% protein content remained within the last week's range for September-October delivery. Export prices for feed wheat closed the week down by $1/MT for September-October...

Estonia: ministry drafts bill allowing businesses to manufacture weapons

A bill has exited the Ministry of Defense that would grant Estonian defense industry businesses the right to handle military weapons and munitions. The plan is to grant businesses the right to transport, store, repair, alter and manufacture military weapons, ammunition, ordnance and other goods associated with military weapons, the Ministry of Defense said in a press release. According to Minister...

Latvia: consumption of renewable energy resources up in 10 years

In 2016 gross consumption of renewable energy resources in Latvia constituted 68.7 petajoules (PJ). Compared to 2015, the consumption of renewables has risen by 5.7%, whereas over the past ten years - by 14.1%. As the gross consumption of renewable resources (mainly formed by domestic energy resources) increased, Latvian dependence upon imported energy resources reduced - from 66.7% in 2006...

Belarus: over 600,000 rail containers from China’s Chengdu to cross Minsk for Europe in 2017

This year more than 600,000 railway containers from China will go to Europe via Minsk, Chengdu International Railway Port, a major hub of the Belt and Road project, reported. The railway port is able to secure an uninterrupted supply of Chinese goods to Europe. Both big and small Chinese companies ship their products. The journey time for container trains on...

Azerbaijan: Fitch to upgrade IBA’s ratings

Fitch Ratings, the international ratings agency, said that it had withdrawn International Bank of Azerbaijan's (IBA) $500 million senior unsecured notes following the completion of the bank's debt restructuring and the settling of the issue on September 1. The agency has not yet rated the new $1 billion senior notes due 2024 issued in part in exchange for the original...

Ukraine: state debt up in July 2017

The total state (direct) and government-guaranteed debt of Ukraine in July increased by 1.4% or by $1.05 billion, to $76.06 billion, the Ministry of Finance said on its website. The state debt in the national currency rose by 0.69% or by UAH 13.45 billion, to UAH 1.971 trillion. Since the beginning of the year the total state (direct) and government-guaranteed debt...

Ukraine: 37.5 million tons of grains harvested

As of September 4, Ukraine harvested 37.537 million tons of grains (including corn) throughout the areas of 9.794 million ha (67% of the plan). The average yield totaled 3.83 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, agrarians harvested buckwheat throughout 59 thousand ha (32%), and produced 67 thousand tons of the grain. The average...

Latvia: Border Guard to procure new helicopters

Latvian State Border Guard currently evaluates offers for procurement of new helicopters. The country's National Armed Forces, one the other hand, has no plans to procure new helicopters in the near future. Until then, old helicopters will be kept repaired and in battle-ready condition, according to available information. It should be noted that Latvia currently has ten helicopters. These machines...

Azerbaijan: Armed Forces Relief Fund’s assets exceed 84 million manats

The capital assets of the Azerbaijani Armed Forces Relief Fund amounted to 84,650,521.36 manats ($49.8 million) as of September 1. Azerbaijan's Defense Ministry reported that the Fund's dollar account has accumulated $212,873.88, the euro account reached 8,336 euros, while the ruble account made up 5,000 rubles. The Armed Forces Relief Fund, established in 2002, targets to ensure development of the Armed...