Latvia: farming efficiency on the rise

With increased investments, Latvian farmers have managed to increase efficiency in the industry, a bank survey showed. According to the results of a survey performed by Swedbank, in 2017 farmers plan to invest money in grain dryers and towers, in updating machinery and buying agricultural land. “It is positive that farmers recognize that new technological…

Ukraine: Ukrzaliznytsia suggests reducing shortage of grain hoppers

JSC “Ukrzaliznytsia” offered customers a new mechanism to reduce the rolling stock shortage, in particular grain hoppers. “Ukrzaliznytsia suggests shippers to consider a possibility of increasing the number of rail cars by purchasing and subsequently providing them to Ukrainian Railways in financial leasing”, said the head of the board Wojciech Balczun. According to him “Ukrzaliznytsia…

Belarus: light industry companies seal $112 million worth of deals at Forum of Regions

The Bellegrom Concern companies have signed some contracts worth a total of $112 million with their Russian partners during the fourth Forum of Regions of Belarus and Russia, according to Bellegprom’s official website. The forum comprised a fair that featured the products of 15 Bellegprom companies, namely Baranovichi Cotton Production Amalgamation, Lenta, Rechitsa Textile, Nadex,…

Kyrgyzstan: energy consumption up in June 2017

Energy consumption in Kyrgyzstan increased, the National Electric Network of the Kyrgyz Republic reported. According to the operational data of the Central Dispatching Service NENK, electricity consumption in June was 763.14 million kilowatt-hours. The daily maximum power consumption reached 1,465 MW. The peak of daily maximum consumption was fixed on June 21 – 26.79 million…

Azerbaijan: funding for construction of road in Tartar approved

Azerbaijani President Ilham Aliyev has signed an order to provide funding for the construction of Tartar-Seydimli-Garadaghli-Sarov road.

Under the presidential order, 7 million manats is allocated from the state budget for the construction of the road connecting 20 residential settlements with a total population of 24,000 people. (Trend/Business World Magazine)

Ukraine: Uber launches UberBlack premium service in Kyiv

Uber international technological company, the developer of the eponymous mobile application for calling cars with drivers, has expanded the service lines available for Kyiv residents and launched the UberBlack premium service. Uber General Manager for Ukraine, Azerbaijan, Belarus and Kazakhstan Alexei Stakh said that the service focused on clients who wanted to travel the city…

Ukraine: production of grains and pulses to drop

In 2017, the production volumes of grains and pulses in Ukraine will decrease to 59.04 million tons (by 10.7% YoY), the Director of the National Scientific Center “Institute of Agrarian Economics”, Academician of the National Academy of Agrarian Sciences (NAAS) Yuri Lupenko said. According to the expert, reduction of the average yield of grains and…

Ukraine: Kazakh investor acquires Region-Bank

Kazakh investor Arif Babayev has become the owner of Ukrainian Region-Bank renamed Sky Bank, the bank’s press service has reported. “The Kazakh investor bought universal bank Region-Bank with 26 year experience on the Ukrainian market renaming it Sky Bank and focusing on development of IT solutions,” the bank said on its website. “We are making…

Ukraine: corn crops in fair condition

The absence of productive rain over a long time caused faster ripening of early cereals in the southern and central regions, along with premature drying of those planted after non-fallow predecessors. As a result, kernels failed to get filled: they are shriveled with a low 1000-kernel weight (23-35 g). As of today, winter wheat in…

Turkmenistan and Afghanistan sign a set of bilateral documents

Turkmenistan and Afghanistan enter new level of relations as Ashgabat has hosted the high-level talks between Turkmen President Gurbanguly Berdimuhamedov and his Afghan counterpart Mohammad Ashraf Ghani on July 3. Overall the top-level talks focused on the regional safety and bilateral cooperation. Particular attention in this regard was paid to the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.…