During the Innovation Summit within the Astana Economic Forum, Kazakh Prime Minister Bakytzhan Sagintayev said that Kazakhstan has removed all the trade barriers with China. “Of course, to enter the Chinese market it is not enough to have a desire only. We agreed with China for almost all the main types of agricultural products, except…
DetailsThe National Commission for Energy, Housing and Utilities Services Regulation (NCER) has decided to issue a license to supply natural gas to Trafigura Ukraine LLC, a Ukrainian subsidiary of Trafigura global commodity trader. “I propose to congratulate Trafigura Ukraine as one of the largest global energy commodity traders on receiving the license and getting the…
DetailsPublic joint-stock company Ukrzaliznytsia has proposed to business to arrange the new principles to form tariffs for cargo transportation for the period of three or five years, starting from 2019. The press service of the company reported that the proposal was presented by company representatives on June 9 at a meeting in the American Chamber…
DetailsIn January-May Tajikistan imported 360 thousand tons of wheat (at the average price of $224 per ton), down by 23.8 thousand tons YoY, the Ministry of Economic Development and Trade reported. According to the official figures, the sum of imported wheat totaled $75.8 million. In the reporting period the imports of flour totaled 23.4 thousand…
DetailsAccording to the Customs Control Committee at the Ministry of Finance of the Republic of Kazakhstan, in July-April of 2016-2017 MY the shipments of Kazakh flour to China totaled 10.1 thousand tons, up by 145% YoY, and up 12-fold from July-April of 2014-2015 MY. At the same time, such growth figures moved China to the…
DetailsSince the beginning of the season (July 1, 2016), and as of June 13 Ukraine exported 42.3 million tons of grains, up by 4.8 million tons YoY, the Ministry of Agrarian Policy and Food of Ukraine declared on June 14, with reference to the State Fiscal Service. In particular, Ukraine supplied 19.7 million tons of…
DetailsThe legislative draft, which is intended to ratify the agreement for the formation of Rail Baltica railway connection in Estonia, Latvia and Lithuania, was supported unanimously by Saeima’s Foreign Affairs Committee on June 14. The goal of the agreement is ensuring effective and quick establishment of European railway line for passenger and cargo transports on…
DetailsThe reduction of the customs duty on the export of potash fertilizers will not substantially influence the state budget, Belarusian First Deputy Finance Minister Maxim Yermolovich declared after an expanded-participation session of the Budget and Finance Commission of the House of Representatives of the National Assembly of Belarus on June 14. When asked whether this…
DetailsChairman of the National Bank of the Republic of Kazakhstan Daniyar Akishev has met with the American Chamber of Commerce. At the meeting Akishev noted that the National Bank as the central bank of the country closely monitored trends in and outside the country and assumed measures taking into account global trends and challenges. “Kazakhstan…
DetailsUkraine’s Cabinet of Ministers has proposed retaining expense expenditures for 2018 at 5% of GDP, according to the draft bill “Budget policy basics for 2018-2020 (Budget Resolution).” “The priority is supporting defense and security: expenditures for this sphere for 2018 will be at 5% of GDP,” Finance Minister Oleksandr Danyliuk said, presenting the resolution. “Within…
DetailsUkraine’s state-owned enterprise Antonov will take part in the 52nd International Paris Air Show to be held at the Le Bourget Parc des Expositions on June 19-25, according to the company’s post on Facebook. The company noted that An-132D, being a prototype of An-132 multi-purpose transport aircraft, would be presented on the international level for…
DetailsPasazieru vilciens will continue the procurement of new trains in the second stage of the process. This was conceptually approved by the government on June 13. Transport Ministry reports that new trains are planned to be procured using credit resources, not funding from the state budget. PV promises to perform a new procurement immediately by…
DetailsUkrainian Nuclear power plants produced 224.87 million kWh of electricity on June 12, the press-service of Ukraine’s State Enterprise “National Nuclear Energy Generating Company Energoatom” reports. On June 13, 12 out of 15 power units were functioning at the Ukrainian power plants. It is the 118th day of the average planned repair at power unit…
DetailsThe Belarusian automaker MAZ has made its first all-wheel drive skylift AGP-40-K, which can lift three people with instruments up to 40 m above the ground. With the all-wheel drive skylift of its own MAZ will be able to expand its presence on the market of utility vehicles. MAZ representatives explained that the vehicle was…
DetailsA new substation has been built in Kara-Suu town, Osh region, Acting Deputy Director of the local branch of National Electric Network of Kyrgyzstan JSC Aripzhan Topchubayev stated the press tour to energy facilities in the region. According to him, reconstruction of the facility at the expense of loan from the Islamic Development Bank –…
DetailsThe situation with approval of voluntary restructuring plan of foreign obligations of the International Bank of Azerbaijan (IBA) by foreign creditors will be clarified by mid-July, Azerbaijan’s Finance Minister Samir Sharifov declared on June 13. “We have already informed the public about the negotiation process,” said the minister. Earlier, the IBA commenced a process of…
DetailsThe Ukrainian Institute for the Future at the request of the Ministry of Economic Development and Trade of Ukraine has prepared proposals for the priority action plan for industrial development in Ukraine based on the analysis of the state of the six key industries (mining, metallurgical, chemical and petrochemical, food industry, electric power engineering, machine…
DetailsUkraine’s petrochemical plant Karpatnaftokhim has resumed operations after five years of downtime, according to the company’s press service. In late April, the Cabinet of Ministers adopted a resolution that determined the plant’s annual quotas for raw materials exports exempt from excise duty, that is 1.07 billion liters of liquefied gas, 1.17 billion liters of straight-run…
DetailsThe Belarusian automaker MAZ has won the tender to deliver 100 buses to Kiev, according to the website of the Belarusian embassy in Ukraine. The auction to sell buses to Kiev took place on June 9. The first lot was 70 MAZ-203 buses and the second lot was 30 MAZ-215 buses. The auction was called…
DetailsThe law on the electricity market came into force on June 11 after its official publication in the Uriadovy Kurier newspaper. As reported, Ukrainian president Petro Poroshenko signed the law on the electricity market on June 8. Rada adopted draft law No. 4493 on the electricity market of Ukraine at first reading on September 22,…
DetailsSome $25.47 million has been withdrawn from Bank National Credit in favor of insiders, the Individuals’ Deposit Guarantee Fund reported on its website. “The amount equivalent to a quarter of the balance sheet of PJSC Bank National Credit has been debited from the correspondent account of Bank Frick and Co Aktiengesellschaft (Liechtenstein) in favor of…
DetailsUkraine exported 330 KMT of flour in the ten months of MY 2016-2017 (July 2016 – April 2017), up by 16% YoY. Traditionally, China remains the top importer of Ukrainian flour with an export share of 21%. Ukrainian exporters continue stepping up flour deliveries to Africa. In particular, more than 28 KMT of flour was…
DetailsA Chinese company plans to invest its funds in the Bank Moscow-Minsk, manager for Belarus at DRex Food Group Zoya Kavaleva reported after the talks with Belarus Agriculture and Food Minister Leonid Zayats on June 12. “We would like to invest in the bank. We want to buy a stake in the bank or some…
DetailsTurkmenistan plans to establish regular air service with Tajikistan in the near future. The flights will be carried out under the bilateral agreements. A Turkmen delegation took off to Dushanbe where it would hold talks in the framework of the agreements on expanding bilateral cooperation. Officials of Turkmenistan Airlines (national carrier) and Turkmenistan Airline OJSC…
DetailsAverage wages in Ukraine are expected to increase by 38%, to UAH 7,100, by the beginning of 2018, the press service of the Social Policy Ministry of Ukraine has reported. “The wage reform also provides for the revision of wage setting with a view to gradually raising real wages and eliminating wage arrears,” Minister of…
DetailsUkraine shipped 48,400 tons of sugar abroad in May, down by 33% MoM, according to the Ukrtsukor association of sugar producers. “In May, sugar exports fell by almost half compared to April, as the world market prices were on the decline. We estimate that further supplies in the current marketing year will be insignificant,” the…
DetailsIn January-April Belarus’ export of merchandise and services rose by 19.5% YoY, to $10.413 billion, according to the latest statistics released by the National Bank of the Republic of Belarus. Foreign trade in merchandise and services totaled $20.706 billion, up by 17.9%. Export reached $10.413 billion (up by 19.5%), with import at $10.292 billion (up…
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