Ukraine: seaports grain export up in early December 2016

On December 3-9, Ukraine exported 635.2 thousand tons of grains from the seaports against 550.9 thousand tons on the previous week.

In particular, wheat shipments reached 188.3 thousand tons, corn – 429.9 thousand tons, and barley – 17 thousand tons. (APK-Inform/Business World Magazine)

Turkey: TANAP construction 55% complete

The construction work as part of the Trans Anatolian Natural Gas Pipeline Project (TANAP) is 55% complete, Saltuk Duzyol, head of TANAP consortium, reported. He pointed out that to date, 19 underground passages have been built as part of the project. Furthermore, the consortium head noted that the cost of TANAP project had decreased. “When…

Moldova: national palace to host wine exhibition

11th Wine Vernissage will take place at the National Palace of Moldova on December 15. The event, called “The Magic Vernissage”, will bring together 36 wineries, which are going to present more than 200 wines, including 50 premier ones. “A vine vernissage traditionally offers winemakers an opportunity to display new products on the threshold of…

Moldova: social insurance budget approved

The parliament has approved of the state social insurance budget in the first reading with the revenue and expenditures amounting to MDL 16,410,670,200. The revenue of the state social insurance budget will increase by MDL 1,464,985,900 or by 9.8% against the revenue approved for 2016; the expenditures will grow by MDL 1,434,575,400 or by 9.6%…

Ukraine: Ukrtransgaz to announce new tender to reconstruct compressor stations

Pubic joint-stock company Ukrtransgaz would announce a new tender to reconstruct compressor stations after revising the top priority directions for modernization of the Ukrainian gas transport system, Ukrainian Prime Minister Volodymyr Groysman said. “All procedures (the tender to reconstruct Ananiev, Zadniprovska and Pivdennobuhska compressor stations) were held, but Naftogaz made another decision in the issue…

Moldova: economy to grow

The growth of the Moldovan economy will restore, but the quality of this growth will worsen in 2016-2017, Expert-Grup forecast says. According to another edition of research “MEGA – Analysis of the economic growth in Moldova”, which the Independent Analytical Center submits twice a year, Moldova’s GDP growth in 2016 will be 3.4%, in 2017…

Ukraine: the exports of organic wheat up

According to the official customs statistics, in July-November Ukraine exported 34.2 thousand tons of organic wheat, up by 22% YoY. In the current season Germany (30% of the general volumes), the United Kingdom (22%), the Netherlands (15%) and Italy (14%) became the main countries-importers of the Ukrainian grain. In the reporting period Ukraine shipped organic…

Moldova: Chisinau airport concession to be revised

Government is to examine an opportunity of revising the contract on concession of the Chisinau airport and lifting the airport modernization charge of EUR 9 per passenger. These are the recommendations included in the resolution Parliament has adopted following the hearing of the report by the investigatory commission on the concessionaire’s compliance with the contract…

Ukraine: sugar exports exceed 335,000 tons in 2016

Ukrainian producers exported 335,250 tons of sugar worth $166.8 million for the 11 months of 2016. “In January-November Ukrainian producers exported 335,250 tons of sugar worth $166.8 million, having tripled the last year results. This significant growth is primarily reasoned by the favorable situation on the world market, as the devaluation of the national currency…

Azerbaijan: ICD supports economic reforms

The Islamic Corporation for the Development of the Private Sector (ICD) supports the economic reforms realized in Azerbaijan, Khaled Al-Aboodi, CEO and director general of the ICD, said. “We are ready to improve the quality of the goods produced in the country and to provide entrepreneurs with access to new technologies and markets. We are…

Ukraine: banks stabilizing at weak levels

The Ukrainian banking sector continues to face challenges in credit growth due to the burden of unresolved problem loans and solvency issues, Fitch Ratings has said in a press release referring to its report “Ukrainian Banks Dashboard 3Q16.” “We expect sector performance to remain under pressure from high provisioning needs, while solvency recovery is likely…

Bulgaria: corn harvesting progress

According to Bulgarian Ministry of Agriculture, as of November 24, 419 thousand ha of corn were threshed, 99.1% of the plan (423 thousand ha). 2209.5 KMT were harvested with the average yield of 5.27 MT/ha. Pace of harvesting is 1.8% higher than in 2015. On the reporting date, average corn yield was 3.9% higher than…

Ukraine: prices for sunflower oil growing

Last week Ukrainian market of crude sunflower oil faced the bullish trend, due to a similar price trend on the export market of the product.

As of December 8, the bid prices for sunflower oil in Ukraine mainly varied within the range of 21`500-21`800 UAH/ton EXW, up by nearly 200 UAH/ton WoW. (APK-Inform/Business World Magazine)