Ukraine: mustard output up in 2016

Mustard production in the fat-and-oil sector hit a three-year high of 1.046 KMT in December 2016. It exceeded 1 KMT for the first time. 2016 appeared a make-or-break year for the Ukrainian mustard market: its two-year shrinkage was reversed. Overall mustard production reached 7.696 KMT in 2016, or up by 11% YoY (6.939 KMT) and…

Belarus: MAZ to offer deluxe European trucks in 2017

This year the Belarusian automobile engineering company MAZ will start making Euro-6 compliant trucks for the European market, representatives of the company reported. The Belarusian automaker intends to sell new dump trucks, chassis, and truck tractors with various wheel formulas (4×2, 6×4, and 8×4) to the European Union. The trucks will be powered by Mercedes-Benz…

Armenia: exports up in January 2017

Armenia’s exports amounted to $124.4 million in January, up by a total of 35.4% against the same period last year. As the National Statistical Service reports, Russia-bound exports surged by 80%, while those to the EU countries and Iraq increased by 21.5% and 24.4% respectively. Exports to the United Arab Emirates grew 6-fold, totaling some…

Ukraine: real wages up in January 2017

Real wages in Ukraine in January compared to January 2016 increased by 21.4% and compared to December 2016 they fell by 8.3%, the State Statistics Service has said. The largest growth of average wages in January compared with January 2016 was observed in Ternopil (by 54.3%), Zakarpattia (51.8%), Chernivtsi (50.3%), Volyn and Kherson (49.8% each),…

Ukraine: soybean crushers losing to exporters

The current season of 2016/2017 features a bumper soybean harvest in Ukraine, which is estimated by analysts at 4 MMT. At the same time, the crusher interest in soybeans is declining. The main reason is decreased domestic demand for soybean products, primarily soybean meal as a basis for poultry feed. Statistics show a downward trend…

Belarus: construction companies to continue building affordable homes in Venezuela

Belarusian construction companies will continue building public welfare homes in Venezuela. The plans were discussed when Ambassador Extraordinary and Plenipotentiary of Belarus to Venezuela Oleg Paferov met with Venezuelan Minister of Housing and Habitats Manuel Quevedo, the press service of the Belarusian Ministry of Foreign Affairs reported. During the meeting the sides discussed prospects of…

Tajikistan: International Bank opens banking service center in Kulob

The International Bank of Tajikistan (IBT) has opened its banking service in Kulob. The IBT’s banking service center reportedly offers the following services to its customers: money transfer; currency exchange; loaning; deposit keeping; plastic card transactions; and so forth. The closed joint-stock company “International Bank of Tajikistan” was established in February 2016, as the microfinance…