Latvia disagrees with proposal to reduce cod and herring fishing volumes in the Gulf of Riga

Minister Janis Duklavs met with NGOs at Agriculture Ministry’s Fishing Advisory Council meeting and discussed with them European Commission’s proposal for fishing opportunities in the Baltic Sea in 2018. EC’s proposal for fishing opportunities would affect Latvia the most negatively in relation to eastern cod (project suggests a 28% reduction) and herring (7%). There is…

Ukraine: Ukrzaliznytsia to see over UAH 11 billion of loss from passenger transportation in 2017

The public joint-stock company Ukrzaliznytsia could see over UAH 11 billion of loss from passenger transportation by rail in 2017, Ukrzaliznytsia Chief Financial Officer Andriy Riazantsev said at the presentation of the company’s development strategy. “It is likely that this year we would pass the UAH 11 billion threshold of loss from passenger transportation. These…

Kyrgyzstan: state debt growing

Since the beginning of the year, Kyrgyzstan’s state debt has grown by $221.26 million, the Ministry of Finance reported. As of July 31 the state debt amounted to $4,286 billion, or 294,238 billion soms. At least $3,897.27 billion of the sum is external debt, and $388.80 million – internal debt. Only for a month, the…

Ukraine: honey factory opens in Cherkasy region

First Vice Prime Minister, Economic Development and Trade Minister of Ukraine Stepan Kubiv has attended the official opening of the Ukrainian-Austrian Beehive honey factory in the village of Cherniavka in Cherkasy region. “A new honey production factory Beehive.ukraine opens here. This is a joint Ukrainian-Austrian project with an investment of about EUR 10 million. A…

Belarus: beef export to China launched

Two Belarusian companies, namely OAO Mogilev Meat Packing Plant and OOO Veles-Meat, are launching frozen beef export to China, Aleksei Bogdanov, head of the Foreign Trade Department at the Belarusian Agriculture and Food Ministry, announced. “The first two Belarusian meat producers have started exporting beef to the Chinese market,” Aleksei Bogdanov said. “We are not…

Ukraine: Allseeds starts new season with a record

On August 21, Allseeds’ oil extraction plant in Yuzhny port started processing 2017-crop oilseeds. According to the company press-service, a few days later the plant’s capacity set a new record of 2.2 KMT a day. “This result was achieved owing to technological re-equipment of the production process and removing bottlenecks at the time of off-season…

Estonia: July 2017 imports and exports up

According to information released by Statistics Estonia on September 11, July exports of goods increased by 6 and imports by 9% YoY. Increased imports of base metals and articles of base metal and transport equipment contributed to the growth in imports. Exports from Estonia in July amounted to EUR 900 million and imports to EUR…