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…

Ukraine: energy system operating stably

First Deputy Energy and Coal Industry Minister of Ukraine Halyna Karp says that in spite of the blocking of coal supplies in Donbass, the united energy system of Ukraine operates stably. “At present the united energy system of Ukraine operates in a state of emergency, which has been introduced in connection with the blockade in…

Belarus: external state debt down in January 2017

As of February 1, Belarus’ external state debt totaled $13.5 billion, down by $95.7 million or by 0.7% from the beginning of the year (taking into account differences in currency exchange rates), representatives of the Belarusian Finance Ministry declared. In Januaryexternal state borrowings totaled $36.8 million, including $21.8 million borrowed from the Russian government and…

Turkmenistan to privatize carpet weaving industry

In order to create the most favorable conditions for bringing the Turkmen carpet weaving to a new level, it is necessary to ensure the privatization of this industry, Turkmenistan’s President Gurbanguly Berdimuhamedov said. He made the remarks addressing a meeting of the country’s Cabinet of Ministers, according to the Turkmen government. Turkmenhaly State Association includes…

Estonia: Port of Tallinn cargo flow down in 2016

On January 24, Port of Tallinn’s Supervisory Board got an overview of the company’s activity and preliminary performance results for 2016, according to which Port of Tallinn’s cargo flow decreased by 10%, number of passengers increased by 4%, total revenue amounted to EUR 111 million and operating profit to EUR 49 million. According to preliminary…

Ukraine: oil output down in January 2017

Oil production in Ukraine decreased by 4.4% YoY in January, to 129,400 tons. The Ministry of Energy and Coal Industry reported that gas condensate production for the period increased by 7.6%, to 58,100 tons. Naftogaz Ukrainy enterprises in January cut oil production by 4.6%, to 127,000 tons, gas condensate output – by 3.5%, to 38,800…

Kyrgyzstan: gold – most exported commodity

Gold remains the main export commodity of Kyrgyzstan, and Switzerland is its main buyer. This European country accounts for 42% of total exports of Kyrgyzstan, website of the Ministry of Economy of the Kyrgyz Republic reported. According to the ministry, in general, Kyrgyzstan carries out deliveries to more than 80 countries. Several countries account for…

Ukraine to boost gas production in 2017

The Ukrainian government published a concept for development of Ukraine’s gas production sector approved at the end of 2016. The document envisages the increase of gas production from 18.7 billion cubic meters in 2016 to 20.3 billion cubic meters in 2017 and 27.6 billion cubic meters in 2020. According to government resolution No. 1079 dated…