Latvia’s alcohol market will be affected by changes in legislative regulations and import prices in neighboring countries next year, spokesperson of Liviko alcoholic beverages importer and wholesale trade company and Latvian Alcohol Industry Association Gennady Klepikov reported. According to him, it is hard to predict next year’s prices of imported products in Latvia, as much…
DetailsOver the ten months of 2016 turnover in the agriculture sector between Ukraine and Egypt has reached $1 billion. Deputy Agrarian Policy and Food Minister of Ukraine on European Integration Olha Trofimtseva stated this during the Ukrainian-Egyptian Business Forum and a sitting of the Ukrainian-Egyptian Business Council with participation of Ambassador of Egypt to Ukraine…
DetailsADM Company is planning to significantly expand capacity of its corn processing facilities in Turkey and Bulgaria by the end of the first half of 2018. Pierre Duprat, ADM’s president for Europe, Middle East and Africa, stressed that there was significant potential for expanding production of starch-based ingredients in Europe and the Near East due…
DetailsUkraine’s Verkhovna Rada has revoked 2% pension tax imposed on cash currency purchase transactions. The requirement is outlined in bill No. 5132 amending the Tax Code to provide for the balance of budget revenue in 2017. The bill on the national budget for 2017 was adopted by 235 lawmakers on December 21. The amendments were…
DetailsAccording to the official customs statistics, in November Ukraine exported 80.5 thousand tons of sunflower seed, down by 3% YoY (83.3 thousand tons), which became a record result of monthly shipment for 6 recent seasons. In the reporting month France (47% of the general exports), Spain (21%) and the Netherlands (18%) were the main countries-importers…
DetailsUkraine’s Verkhovna Rada has endorsed bill No. 5132 increasing the basic excise duty for petrol by 24.5% or EUR 42, to EUR 215.50 per 1,000 liters. The basic rate of excise duty for gasoil meeting Euro 4 and Euro 5 emission standards will grow by 46.8% or EUR 44.50, to EUR 139.50 per 1,000 liters.…
DetailsThe interest in oilseeds growing has strengthened considerably over the last decade. As a result, plantings for MY 2016/2017 expanded to 8.9 million ha against 6.3 million ha in MY 2007/2008. As sunseed is the most remunerable oilseed, sunflower accounts for 65-70% of planted acreage, and its share will reach 71% in the current marketing…
DetailsEuropean shipowners welcomed earlier this year the adoption of the integrated European Union policy for the Arctic region, ECSA said in its press release. “We believe that the three priority areas identified cover all topical Arctic matters. Climate change and environment, sustainable development and international cooperation all deserve equal attention”, said ECSA Secretary General Patrick…
DetailsAbout 7% of Russian mobile subscribers changed their operators in January-June as compared to 4-5% of users who switched to other operators within six months in several previous years, according to a Deloitte research. Deloitte polled 2,000 respondents across the country at the age of 18-60 years. The indicator included the mobile number portability (MNP)…
DetailsA squadron of the newest Sukhoi Su-34 fighter bombers has been set up in the air regiment of Russia’s Eastern Military District deployed to the Khabarovsk region, head of the district press service Colonel Alexander Gordeyev said. “This year, the newest Sukhoi Su-34 fighter bombers, received by the Eastern Military District, formed a new squadron.…
DetailsUkraine’s real gross domestic product (GDP) in the third quarter of 2016 increased by 2% YoY, which is 0.2% higher than the previously made assessment, according to the website of the State Statistics Service of Ukraine. “GDP in the third quarter of 2016 compared with the previous quarter (seasonally adjusted) increased by 0.5%, while compared…
DetailsThe season of 2016/2017 was marked by another rich total harvest of wheat in many of major wheat exporting countries (the harvest even hit a record high in some of them). The exception is the EU, which harvested 16 MMT less wheat (144 MMT) than last year’s bumper crop, according to the USDA. The USDA…
DetailsUkrainian President Petro Poroshenko had a telephone conversation with the Managing Director of the International Monetary Fund (IMF) Christine Lagarde, the press service of the Ukrainian president has said. “Petro Poroshenko and Christine Lagarde coordinated steps within the development of further cooperation between Ukraine and the IMF under the Extended Fund Facility (EFF) program”, a…
DetailsPresident of Ukraine Petro Poroshenko reckons upon further development of economic cooperation between Ukraine and Saudi Arabia, in particular in the aircraft industry. “Another feature of the creation of the AN-132D aircraft is that it is truly an international project, and I sincerely thank our partners and customers from the Kingdom of Saudi Arabia for…
DetailsInfrastructure Minister of Ukraine Volodymyr Omelian expects to sign an agreement on the joint Air Space with the European Union in 2017. “I decided to personally conduct consultations with Madrid and London in order to clearly make the message on the part of Ukraine, that this treaty has technically outgrown its format and turned into…
DetailsThe National Commission for State Regulation of Energy, Housing and Utilities Services (NCER) will reduce the average tariff of Ukrenergo for 2017 by 4.1% compared with the current rate, to 6.054 kopecks per kWh from 6.316 kopecks/kWh (excluding VAT). According to the NCER decision, the Ukrenergo tariff in the first quarter of 2017 will amount…
DetailsAccording to the December balance sheets by NGO “Economic discussion club”, coordinated by the Interdepartmental working group under the Ministry of Economic Development of Ukraine, in September-November the export volumes of sunflower oil from Ukraine totaled 1.33 million tons. The general export volumes of sunflower oil in the current season are forecast at 5.38 million…
DetailsNational joint-stock company Naftogaz Ukrainy saw a 109-fold rise in net profit (by 25.287 billion UAH) in January-September, to 25.521 billion UAH, according to an audited report posted on the company’s website. “Naftogaz saw 25.5 billion UAH of net profit in January-September, which does not include spending on reserves to cover bad debts in the…
DetailsKazakhstan exported 9 KMT of sunseed in October. Although this year’s October deliveries are 6% lower than in the same month in MY 2015/2016, the sunseed market became generally larger for the two months. Thus, 13.7 KMT of sunseed was exported in September-October 2016/2017 against 10.5 KMT a year ago. As expected, the trade cooperation…
DetailsSince the beginning of 2016 and as of December 20, Kazakhstan supplied 7.9 million tons of grains to foreign markets, up by 12% YoY, the First Vice-Minister of Agriculture of the Republic of Kazakhstan Kairat Aituganov declared. According to him, the forecasts for grain exports in the current MY total 8.5-9 million tons. The general…
DetailsAs of December 1, the registered carry-over stocks of grains and pulses in Kazakhstan totaled 16.637 million tons (down by 2.2 million tons YoY), the Statistics Committee of the Ministry of National Economy of the Republic of Kazakhstan reported. In particular, peasant and farming households stored 3.94 million tons of grains. Wheat formed the major…
DetailsAccording to the data of the customs statistics, in July-November Ukraine supplied 18.8 million tons of grains to foreign markets, up by 6.8% YoY. In particular, the export volumes of wheat reached 10.4 million tons (up by 14%), barley – 4 million tons (up by 17.5%), corn – 4.3 million tons (down by 8.4%), oats…
DetailsLast week’s weather featured low night temperatures (down to -15 degrees C) early in the week with adequate snow cover (up to 10-23 cm), a sharp brief (2 days) rise in average daily temperatures to +5 C in the south with full snow melting, their sharp drop to 2-5 C below zero on December 11-13,…
DetailsAmbassadors of the Group of Seven (G7) countries have praised the Ukrainian government’s decision to nationalize PrivatBank and expressed their hope for strengthening the country’s banking sector. “We recognize and applaud the leadership of the governor of the National Bank of Ukraine, the Prime Minister, the Minister of Finance and the President for their continued…
DetailsAccording to Bulgarian Ministry of Agriculture, as of December 8, 422.6 thousand ha of corn were threshed, or 100% of the plan (422.8 thousand ha). 2224.7 KMT were harvested with the average yield of 5.26 MT/ha. Average corn yield is 4.4% higher than in 2015. As of December 8, winter wheat had been sown at…
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