Ukraine: 31,000 hectares of spring grains sown

Farmers of seven southern Ukrainian regions have started spring grain sowing, seeding 31,000 hectares, the agriculture ministry said on March 13. Farmers have sown 18,000 hectares of spring barley, 11,000 hectares of peas and 2,000 hectares of oats, the ministry said in a statement. Farmers plan to sow a total of 7.2 million hectares of…

Kyrgyzstan: EDB allocates $110 million to commission second unit of Kambarata HPP-2

The Ministry of Finance of Kyrgyzstan and the Eurasian Development Bank signed an agreement on granting an investment loan from the Eurasian Stabilization and Development Fund to finance the project “Commissioning of the second hydroelectric unit of Kambarata HPP-2” for $110 million. In addition to the construction and commissioning of the second hydrounit of the…

Tajikistan: electricity rates for four categories raised

Tajikistan has raised electricity rates for four of eight categories of electricity consumers. By government’s decree issued on February 24, electricity rates have been raised for federally funded institutions, including public utilities and sports complexes, electric transport, pumping stations for mechanized irrigation and repair-and-production bases of the Agency for Land Reclamation and Irrigation under the…

Kazakhstan: vegoil production down in January 2017

Kazakh production of refined and unrefined vegoils shrank to 24.6 KMT in January against 32.2 KMT a month earlier, Kazakhstan’s Statistics Agency reported.

Compared to January 2016, vegoil production gained 5.6%.

A total 325.3 KMT of vegoil was produced in 2016. (UkrAgroConsult/Business World Magazine)

Russia: net capital outflow up in January-February 2017

Russia’s net private capital outflow increased by 6.3% YoY, to $5.1 billion in January-February, the central bank said in a statement.

In January-February 2016, Russia’s net private capital outflow stood at $4.8 billion. (Prime/Business World Magazine)