In September corn shipments from Ukraine were minimal over the last seven years due to harvesting delay and exporters’ focus on wheat exports. During the first month of season 2016/2017 Ukraine supplied 56.7 KMT of corn to foreign markets, down by 63% YoY (150.3 KMT). Egypt was the largest importer of Ukrainian corn in September…Details
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According to the State Statistics Service, during the first 9 months of 2016 the general turnover of foreign trade of Ukraine in agricultural products (groups 1-24 of UKT VED) totaled $13.5 billion, up by 2.3% YoY, the Deputy Director on scientific work at the National scientific center “Institute of agrarian economy” Nikolai Pugachev declared. He…Details
As many as 323 partially or fully state-owned agribusiness companies in Belarus are subject to pre-trial financial readjustment, while another 102 farms face bankruptcy, in accordance with the government’s resolution No. 889 dated October 31. As previously reported, Belarus authorities gave the green light to selling or leasing insolvent state-owned farms and agricultural companies. Belarus’…Details
On November 1, the Free Trade Agreement between Moldova and Turkey came onto effect. The document implies a number of advantages for local businesses, especially for farmers. Among the benefits for local businesses is unlimited access without tariff restrictions on imports of agricultural products to the Turkish market. Moldova will cancel customs duty for some…Details
For two month owners of vehicles registered abroad can pay 30% of the car excise duty when clearing customs. Besides, the registration of vehicles older than 10 years will be allowed in Moldova. This is provided for by the amendments approved by the Cabinet of Ministers. In particular, residents of Moldova who imported cars registered…Details
The European Investment Bank (EIB) is considering the possibility of financing the projects of Ukrainian grain market operators to expand and modernize their logistics infrastructure, according to the website of this international financial institution. “The project is expected to remove existing bottlenecks related to transportation and storage of cereals, reduce the in-land transportation costs as…Details
The European Bank for Reconstruction and Development (EBRD) expects the Ukrainian economy to grow in the current year by 1.5% and the growth will accelerate to 2% next year. According to the bank’s updated forecast, compared to May this year the forecast for 2016 was downgraded by 0.5%, while for 2017 it was retained unchanged.…Details