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…
DetailsThis 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…
DetailsAiyl Bank issued loans in the amount of 90 million soms to 190 farmers, Chairman of the Board of Aiyl Bank OJSC Murat Akimov said today at a meeting of Onuguu-Progress faction. However, the parliamentarians said that not all farmers could take loans. According to the deputy Tazabek Ikramov, his friend couldn’t get the money.…
DetailsAccording to the Statistics Committee of the Republic of Kazakhstan, farms of all types held 13.12 MMT of cereals and pulses as of February 1, up by 12.1% YoY. Wheat inventories increased by 8.4% YoY, to 10.75 MMT, including 8.73 MMT of milling wheat, 596.1 KMT of feed wheat and 1419.1 KMT of wheat for…
DetailsIn January-February the seaport of Azov handled 738,000 tons (up by 1.2% YoY), the port Harbor Master Vladimir Bragin declared. In the reporting period, transshipment of oil products grew by 4.9%, to 114,000 tons, coal – by 14.8%, to 102,000 tons. Transshipment of grain declined by 2.8%, to 473,000 tons. In January-February internal turnover of…
DetailsA new 48 billion-tenge bypass road will be built in Karaganda. As region’s deputy akim Sabit Ospanov said during a session of Karaganda maslikhat, the road was aimed at improving road situation in the city. “Bypass road will improve road safety. It will be designated to let through transit transport on the Center-South direction. Therefore,…
DetailsMission of the International Monetary Fund (IMF), which is now in Baku, discussed the current situation in the banking sector with leading Azerbaijani banks, head of the Azerbaijan Banks Association (ABA) Zakir Nuriyev reported. The sides discussed the decisions made by the regulator – Azerbaijan’s Financial Market Supervisory Authority – on stabilization of the situation…
DetailsUkraine’s international reserves at the end of February stood at $15.5 billion against $15.445 billion at the beginning of the month, Head of the National Bank of Ukraine (NBU) Valeriya Gontareva has said. “We plan to increase our reserves, if the situation on the foreign exchange market allows us to do it,” Gontareva said. She…
DetailsUkraine imported 2.82 billion cubic meters of gas from Europe in January-February, up by 30% YoY, the gas pipeline operator Ukrtransgaz has said. This included 2.408 billion cubic meters of gas from Slovakia, 179.9 million cubic meters from Hungary and 232 million cubic meters from Poland. Ukraine imported 1.37 billion cubic meters of gas from…
DetailsOn February 11-20, air temperatures were 1-4 degrees C below normal in the south and south-east of Kazakhstan, where winter crops are cultivated. They were 2 degrees ‘ above normal in some areas. Precipitation occurred at above-normal rates everywhere. Frequent thaws that lasted for up to 6 days in the south of the country and…
DetailsThe State Enterprise Kyrgyz Temir Joly bears losses and can’t be engaged in freight carriage due to the lack of wagons, the deputy Abdykapar Sultanov said. The issue has been raised half a year ago, but there is no result. Kyrgyz Temir Joly is considered to be the state-owned company, paying millions of tax to…
DetailsCurrency reserves of the Central Bank of Azerbaijan (CBA) increased by $42.1 million (0.97%) to $4,369.3 million in February as compared to January, the CBA said in a message on March 1. CBA’s reserves increased by 8.5% in February as compared to the same month of 2016. Currency reserves of the CBA decreased by $1,042.3…
DetailsUzbekistan plans to spend foreign investments worth $4.506 billion on 199 investment projects in 2017. This is envisaged in an investment program for 2017 approved by a decree of Uzbekistan’s President Shavkat Mirziyoyev. Meanwhile, thanks to the foreign loans guaranteed by the government, it is planned to spend $1.854 billion on 79 projects and thanks…
DetailsIn the current season, Ukraine demonstrated rather record rates of wheat supplying to foreign markets. During the period of July-January of 2016/2017 MY, the exports of Ukrainian wheat reached 12.7 million tons, up by 16% YoY (11 million tons). At the same time, Ukraine showed a significant increase of grain exports in the Asian direction.…
DetailsArmenia’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…
DetailsX5 Retail Group, the owner of grocery chains Perekrestok and Pyaterochka, has asked suppliers to reduce purchasing prices by 10% due to strengthening of the ruble, according to the company’s letter. “The dollar rate has recently decreased to 59.5 rubles from 60 rubles (by 10%) and the euro rate fell to 63.5 rubles from 72…
DetailsElectricity tariffs for households (the population) from March 1, increased by 2.6-30.2% depending on the volume of consumption compared with the rates being in force since September 1, 2016. Earlier tariffs for the population were divided into three blocks, depending on the amount of consumption: up to 100 kWh per month, from 100 kWh to…
DetailsReal 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),…
DetailsHarvEast agricultural holding has planted its first walnut garden on 30 ha in Donetsk region in 2016. “What the eye fears, the hands do. We planted our first walnut garden on the area of 30 ha in Donetsk region in autumn 2016,” HarvEast CEO Dmytro Skorniakov wrote on his Facebook page. HarvEast is an agricultural…
DetailsTajikistan’s central bank late last week announced it was pulling the licenses of two of its troubled banks and was trying to work out how to compensate account-holders. That decision, publicized on February 24, comes only weeks after the National Bank of Tajikistan (NBT) committed to spending tens of millions of dollars on refinancing the…
Details“In 2016 Kyrgyzstan exported garment products valued at $95.5 million, or 7% of the total exports,” the head of the light industry department of the State Committee for Industry, Energy and Mining Fatima Sadamkulova said. In general Kyrgyzstan exported products valued at $1,268 billion. “Sewing industry occupies the third place in the economy of the…
DetailsThe 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…
DetailsLOT Polish Airlines has operated its first flight on the Warsaw-Kyiv-Warsaw route, Kyiv International Airport reports. “On February 27, the first flight operated by a strong Polish company, LOT Polish Airlines, departed from Kyiv International Airport to Warsaw. From now on, Warsaw-Kyiv-Warsaw direct flights will be operated six times a week,” the report states. The…
DetailsBelarusian 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…
DetailsThe 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…
DetailsThe Ministry of Ecology and Natural Resources of Ukraine as of February 28, received 44 applications for the construction of solar power plants in the Chornobyl exclusion zone, minister Ostap Semerak said at the annual Ukrainian Energy Forum, organized by the Adam Smith Institute. “As of today we have 44 applications and the territories, which…
DetailsFirst 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…
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