Russia’s readiness to participate in consultations on oil output limits raises the chance that large oil producers will agree on measures to counter the price decline at the next meeting of OPEC on November 30 in Vienna, Morgan Stanley said in a research note. Russia is ready to consider joining OPEC and other oil producing…Details
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Russian retail sales are not expected to see a significant positive dynamics in 2016 but will likely recover in 2017, Industry and Trade Minister Denis Manturov said. “We will unlikely see significant positive dynamics (of retail sales) YoY in 2016, but there is a feeling of some recovery. Let’s see how the situation will unfold…Details
Kazakh agro sector additionally received $290 Million in the framework of plan on additional measures to stimulate economic growth and support employment in 2016-2017. $90 million will be sourced to subsidize animal breeding, $38 million – for investment subsidies, $154 million – to finance KazAgro projects. Agrarian Ministry clarified that KazAgro will use finances for:…Details
On September 26 – October 2, the export volumes of grains from the Russian seaports reached 425.8 thousand tons, against 747.4 thousand tons shipped on the previous week. In particular, the wheat shipments totaled 382.5 thousand tons, barley – 1.2 thousand tons, and corn – 39.1 thousand tons. (APK-Inform/Business World Magazine)Details
The Ministry of Agriculture of Russia does not entirely foreclose the possibility of renewal of the export duties on wheat in terms of force majeure circumstances, the Minister of Agriculture of the Russian Federation Alexander Tkachev declared. According to him, the government cancelled the export duties, because the market had stabilized, and there was no…Details
In the current season the export potential of Ukraine in the grain segment totals 38.1 million tons. This is a decrease of only 1.1% compared with the record high level in 2015/2016 MY. (APK-Inform/Business World Magazine)Details
Prime Minister Volodymyr Groysman urges the representatives of Korean business to invest in Ukraine. “I would like to take this opportunity to encourage you, dear colleagues, to deepen our cooperation both in the field of trade relations and in investment, particularly in the economy of Ukraine”, he said at a meeting with leaders of Korean…Details