Due to significant increasing of peas production in Ukraine in the current season, the exports of peas in 2016/2017 MY will reach the record level – 450 thousand tons. That is almost twice as much as last year. (APK-Inform/Business World Magazine)Details
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IMF mission presented the report on economic situation in Belarus. The report mentions that during 2015-2016 economic condition in Belarus was defined by “the decrease in national currency rate, salaries and at the same time growth of unemployment”. Moreover, IMF forecasts further economic decrease. Without structural reforms minor growth (+0.5%) can be expected in 2018.…Details
Harvesting campaign in Kazakhstan is coming to its end. Kazakh farmers gathered 22 MMT of grain from 95% of the intended area owing to high productivity. Average grain yields in the country surpassed the last year’s level by 25%. As expected, this season Kazakhstan will obtain record high grain crop over the last five years.…Details
Russian gas giant Gazprom has established a company to develop systems for underwater production of oil and natural gas on the shelf, including the Yuzhno-Kirinskoye field off the island of Sakhalin in the Far East of the country, Deputy CEO Vitaly Markelov said. “The U.S. account for 81% of the market for systems of underwater…Details
The government of Georgia signed an agreement that grants the Anaklia Development Consortium (ADC) the exclusive right to construct, develop and operate the $2.5 billion Anaklia deep seaport, which would help establish a new maritime corridor from China to Europe. As part of the agreement, the government will invest $100 million in the construction and…Details
International energy prices will start growing very soon, Russian gas giant Gazprom CEO Alexei Miller said at an International Gas Forum. “The current level of international prices does not allow the world’s economy to solve tasks that may be solved only with the help of gas. And this means that we will definitely see a…Details
Russia is in general ready to back a freeze of oil production, Economic Development Minister Alexei Ulyukayev reported. “We’ve already said that we are ready to support efforts in freezing oil production. The level of the freeze is a question that has to be discussed, but in general we are ready to support the idea”,…Details