Belarus’ OAO Keramin (based in Minsk, sanitary stoneware manufacturer) earned a net profit of Br3.754 million ($1.95 million) in H1 2016, down by 46.4% YoY, according to the Q2 report of the Finance Ministry’s Department for bonds and securities. Keramin’s sales proceeds totaled 69.895 billion rubles ($36.307 million), down by 1% YoY. The statutory capital…Details
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On September 16, the European Commission approved of eleven GM corn varieties created by Syngenta. The permission was granted for corn use as food and fodder for ten years, but did not apply to its cultivation. In July the European Commission allowed imports of three GM soybean lines (two – by Monsanto, and one –…Details
The European Union intends to allocate EUR 104 million to support Ukraine’s state management reform for 2016-2020, and Ukraine will receive the first tranche totaling EUR 10 million in early 2017. This was stated at a presentation of the renewed structure to support reforms, which was held in the Cabinet of Ministers of Ukraine with…Details
Ukrainian Energy and Coal Industry Minister Ihor Nasalyk predicts that the nuclear power plants (NPPs) share of total power generation in Ukrainian power grid would grow from current 60% to 65% at the end of October. “We have brought the share of nuclear power generation from 47% in May to 60% today, and in a…Details
The European Bank for Reconstruction and Development (EBRD) says it has implemented 245 projects in Belarus providing consultancy services for small and medium-sized businesses. More than 200 local and 1,000 international experts were engaged in SME consultancy projects in Belarus, the EBRD said in a press-release. In the framework of its SME consultancy program in…Details
Freight volume handled in the Port of Liepaja in January-September fell by 2.3%, YoY, to 3,870,700 tons, the Port Authority reported. Grain shipments declined by 0.5% to 1,861,500 tons, construction materials – by 14.8% to 381,200 tons, timber – by 35.1% to 259,700 tons, crude oil went up by 7.8% to 42,400 tons, oil products…Details
For the second consecutive season Bulgaria looses ground in corn market. While Ukraine, Russia and Romania increase corn production, Bulgarian farmers might have decided not to enter this competition. Firstly, after last season’s bad experience Bulgarian grain producers reduced corn planted area for the 2016 crop by 9.5% to the level of previous years, partially…Details