Kazakhstan’s trade turnover with the Eurasian Economic Union (EAEU) amounted to $11.95 billion in January-November 2016, down by 21.1% YoY, Kazakh Statistics Committee said. Kazakhstan’s exports to fellow EAEU countries decreased by 26.8% to $3.48 billion in this period, while imports were down by 18.5% hitting $8.47 billion, said the committee. A lion’s share –…Details
Grain harvest in Ukraine 2016 has broken a record being 66 million tons (in standard weight), up by 5.9 million tons YoY. Ukraine’s Agricultural Policy and Food Ministry reported that in 2016 grain yield records were hit: wheat – 42.1 hundredweights per ha, rye – 27.3 hundredweights per ha, corn – 66 hundredweights per ha…Details
PC Bank (People’s Capital Bank, Kyiv) with largest shareholders as of early December 2016 Russian citizen Valery Makarenko (14.24%), Svitlana Ostapenko (9.84%), Ruslan Parkhomenko (9.68%), Oleksiy Yaroshenko (9.07%), Oleksandr Voroniak (8.6%) and Oleh Lutsky (8.07%) could be liquidated under an initiative of its owners. The issue was put on the agenda of an extraordinary general…Details
Production of all groats in Ukraine increased by 0.4% YoY to 298.8 KMT in the eleven months of 2016. The most considerable hikes in groats output were registered in Kirovohrad region – by 48% to 7.1 KMT, Kherson region – by 34% to 18.1 KMT, Odessa region – by 27% to 34.9 KMT, Khmelnytsky region…Details
In January-December 2016 Ukrainian seaport of Illichivsk handled 15,942,000 tons of cargo (down by 7.9% YoY), says the port authority. Private port operators handled 9.363 million tons of cargo (58.7% of total turnover) including 6.127 million tons of cargo handled at the terminals of Ukrainian Sea Ports Authority (38.4% of total volume). Transshipment of export…Details
French-based Engie (formerly GDF Suez SA) from January 1, started natural gas imports to Ukraine, supplying 3.9 million cubic meters to the Ukrainian gas transportation system (GTS) in the first days of the month, the public relations department of PJSC Ukrtransgaz has said. “According to the report of Engie, the daily volume of gas supplies…Details
The mission of the International Monetary Fund (IMF) could in the coming weeks recommend the executive board to hold the third revision of the EFF program, IMF spokesperson Gerry Rice has reported. “I don’t have the exact date of the meeting, but we expect it to be soon, in the coming weeks. And let me…Details
Gas stock in Ukraine’s underground gas storage facilities (UGS), according to Naftogaz Ukrainy’s estimates, as of the beginning of March will amount to about 8 billion cubic meters, the press service of the Cabinet of Ministers has said. According to its report, Naftogaz provided relevant data at a meeting on the issue of providing the…Details
The commercial effect from the projects to be implemented in the R&D park Belbiograd is supposed to reach $500 million by 2023, Deputy Chairman of the Presidium of the National Academy of Sciences of Belarus (NASB) Sergei Kilin reported. The official said that 26 projects had been fleshed out so far. By 2023 the projects…Details
On January 18-22, Spain will host the 37th International Tourism Fair FITUR-2017. This is the first and major tourism event of 2017. Last year some 9,500 organizations, firms and associations of the tourism industry from 165 countries attended the fair. 125 thousand specialists and 97 thousand visitors took part in it. This year the national…Details
Azerbaijan Airlines (AZAL) stopped its flights on the Baku-Ganja route on January 9, the company’s press reported.
The press service said it was economically inefficient to carry out these flights.
The Baku-Ganja flights were carried out daily using Embraer aircraft. Ticket prices started from 30 manats. (Trend/Business World Magazine)
Turkmenistan has finalized the preparation of the technical assignment for the creation of the next (second) national satellite, the functions of which will include Earth remote sensing. TurkmenAlem 52E, Turkmenistan’s first telecommunications satellite, was launched on April 28, 2015 from Cape Canaveral (Florida, US). It was brought to the space by Falcon 9 v1.1 carrier…Details
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In 2016 Naftogazvydobuvannya operated by DTEK Naftogaz produced 1,630,800,000 cubic meters of natural gas, up by 25% YoY. The company also extracted 56,100 tons of gas condensate, up by 24% YoY. The increased gas and gas condensate output came from the completed drilling and commissioning of three wells at Semirenkivske gas and condensate field, which…Details
Early January weather in Ukraine featured alternating warm and cold air masses that in turn led to contrasting temperatures. The average air temperature all over Ukraine was within a range from +0.2 C to -3.1 degrees C. Precipitation rates were within 0-4 mm. Winter crops were covered with 1 to 15 cm of snow. Temperatures…Details
The assets of Ukraine’s banking system by the end of 2017 will amount to UAH 1.5-1.6 trillion (as of October 1, 2016 some UAH 1.27 trillion), while the number of banks will not exceed 75-80 against 95 currently operating, former deputy head of the National Bank of Ukraine (NBU) Vladyslav Rashkovan forecasts. “It remains to…Details
MP Serhiy Taruta has said that the decision of the board of the National Bank of Ukraine (NBU) to put Platinum Bank on the list of insolvent banks could be considered as political bankruptcy of Ukrainian President Petro Poroshenko. “The president could not have been unaware thatNBU Governor Valeriya Gontareva was withdrawing money via Platinum…Details
Ukraine’s State Service for Food Safety and Consumer Rights Protection in the past several days received confirmation of African swine fever (ASF) diagnosed during the examination of the selected samples of biological material of pigs that died in Mykolaiv, Luhansk, Kirovohrad and Odessa regions. The press service reported that 56 pigs died in Chapayev LLC…Details
Ukrainian companies imported gas for their own needs at an average price of UAH 6,006.66 ($230.01) per 1,000 cubic meters in December 2016, the press service of the Ministry of Economic Development and Trade has said. According to the ministry, the average price of imported gas in January 2016 was $231.41 (UAH 5,542.82), in February…Details
Austrian Eriell GmbH has acquired controlling stake of Sarbon-Neftegaz JSC, the transportation division of Uzbekneftegaz National Holding Company, Tashkent Republican Stock Exchange said in a message. The Austrian company acquired 561,930 shares at $6.04 per share. A package of shares was purchased at $3.394 million from Uzgeoburneftegaz – subsidiary of the holding, Uzbekneftegaz said. Sarbon-Neftegaz…Details
A new railway station will be commissioned in Kazakhstan’s city of in Astana in May, Kazakh prime-minister’s website reported. Construction work at the new railway station and railway junction in Astana have been completed by 80% as of today, Kazakhstan Temir Zholy’s (Kazakh railways) said. The capacity of the railway station is envisaged at 35,000…Details
Ukrainians bought $747.1 million from banks in 2016, up by 9.2% YoY ($684.1 million), the National Bank of Ukraine (NBU) has said on its website. Sale of foreign currency by the public last year grew by 44.6%, from $2.232 billion to $3.227 billion. The NBU said that Ukrainians sold $2.48 billion more in 2016 than…Details
Russian Helicopters Holding will supply four Mi-35M attack helicopters to Kazakh Defense Ministry in 2018, the holding reported. The supply contract was signed within the implementation of the Treaty on military-technical cooperation between Russia and Kazakhstan and envisages payments in Russian rubles. The multirole Mi-35M helicopter is a comprehensive modernization of the Mi-24V and has…Details
Sugar production in Ukraine in 2016/2017 agricultural year (September-August) increased by 40.5% YoY, to 2.008 million tons, the national sugar producers association Ukrtsukor has said. According to the report, 42 sugar refineries refined 13.66 million tons of sugar beets. The association said that the year was favorable for Ukrainian sugar producers. Due to bad harvest…Details
On December 24, 2016 – January 6, Ukraine exported grain at rather record rates, despite the New Year holiday factor. In the reporting period the export volumes of three major grain crops from Ukraine reached 1.5 million tons, including wheat – 491 thousand tons, corn – 968 thousand tons, and barley – 32 thousand tons.…Details