Ukraine has managed to become a key wheat supplier to the Indian market this season, running close to Australia now. Ukraine exported more than 900 KMT of wheat to India in the first five months of the season. This is a historical high of Ukrainian wheat supplies to the country. Another factor that fueled last…
DetailsState-run enterprise Ukrspyrt expects to see 46 million UAH of net profit in 2016 compared to net loss of 13.89 million UAH in 2015. “The official figure for 2015 is the loss of around 14 million UAH. It is the official report submitted to the State Fiscal Service. We want to have around 46 million…
DetailsActing head of the State Automobile Roads Agency of Ukraine (Ukravtodor) Slawomir Nowak has said that Poland’s experience in reforming the road sector would suit Ukraine. “I would back on my experience in Poland. I think the ‘copy-paste’ policy would work here”, he said at a meeting at the American Chamber of Commerce in Kyiv.…
DetailsAccording to Bulgarian Ministry of Agriculture, as of December 1, 419.2 thousand ha of corn were threshed, which was 99.2% of the plan (423 thousand ha). 2210.2 KMT were harvested with the average yield of 5.27 MT/ha. Pace of harvesting is 0.4% lower than in 2015 due to weather conditions, which are unfavorable for finishing…
DetailsOctober sunoil exports from Ukraine amounted to 433 KMT, or up by 183 KMT (73%) MoM and by 25 KMT (6%) YoY. The new season of 2016/2017 features active vegoil sales on foreign markets. Export shipments for the past two months reached 683 KMT, a record high for this time, and exceeded last season’s level…
DetailsSubsidiary of Kaspersky Lab (Moscow) Kaspersky Lab Ukraine LLC (Kyiv) has announced its liquidation under the decision of its owner.
Claims of creditors can be submitted within two months from the moment of the publication of the announcement (until February 14, 2017).
Andriy Polischuk has been appointed liquidator of the company. (Interfax/Business World Magazine)
On November 21-30, air temperatures were below normal in the south and southeast of Kazakhstan, where winter crops were grown. Precipitation rates were below normal as well. Kazakh meteorologists say the alternation between above-zero air temperatures and their night drops to –27 degrees C during that period may affect winter hardiness of underdeveloped winter wheat…
DetailsUkraine is interested in increasing imports of coffee, tea, exotic fruit and nuts from Kenya, and Kenya, in its turn, is interested in supplies of Ukrainian grain, flour, apples, juice concentrates, seeds and fodder for poultry and fish farming. These issues were discussed during an official visit of the Ukrainian delegation headed by Deputy Economic…
DetailsIn January-November the production volumes of agricultural commodities in Ukraine increased by 2.9% YoY at the expense of rising production volumes of plant growing commodities, the State Statistics Service of Ukraine announced on December 14. In particular, the production of plant growing products grew by 5.3%, while livestock products output was down by 2.9%. According…
DetailsThe Armed Forces of the Republic of Kazakhstan have received the first multi-role Mi-35M attack helicopters. The first helicopter was spotted in Almaty Airport. At present Kazakhstan uses old Soviet Mi-24 helicopters. The multi-role Mi-35M attack helicopter is a comprehensive modernization of the Mi-24V. The Mi-35M was developed by the Mil Moscow Helicopter Plant, and…
DetailsIn January-October the prices for exported products in Kazakhstan increased by 9.9% YoY, including grains – by 13.6%, the Committee on statistics at the Ministry of National Economy reported. According to the announcement, in the reporting period the export prices for cotton increased by 36.6%, wool – by 10.6%. In addition, the prices for imported…
DetailsUkraine will launch a dialogue with the European Union in 2017 to promote the development of the country’s industry, Deputy Minister of Economic Development and Trade Representative of Ukraine Natalia Mykolska has said. “In 2017 we start the industrial dialogue with the European Commission to stimulate the Ukrainian industry”, she wrote on her Twitter account…
DetailsDue to the problems with logistics of agricultural products, Ukraine will fail to export the harvested grain volumes, the founder and CEO at the Agri-industrial holding Astarta Viktor Ivanchyk declared. Thousands of rail cars were taken out of service, the number of motor transport reduced, because many vehicles became disabled, and there is no upgrade…
DetailsUkraine’s Mevics has raised $500,000 from Britain’s UBTower consulting company. The company has not presented other details of the deal. The Mevics team has created a gadget, which controls posture and synchronizes it with smartphone using Bluetooth. The price of the gadget would vary from $80 to $100. The team is working on the new…
DetailsIran is interested in the exports of agricultural products to the Russian Federation and other CIS countries through the territory of Azerbaijan, the Governor of the Iranian province Golestan Hassan Sadiq declared. According to the governor, Golestan takes an important position in development of agriculture in Iran. Sadiq noted that the province had a well-developed…
DetailsUkraine’s Cabinet of Ministers has postponed redemption of Series A, B and C 4.8 billion UAH bonds issued by the national joint-stock company Naftogaz Ukrainy for one year (until the end of 2017) to allow the company to have working capital in the conditions of permitting Ukrainians to pay 50% of the heating bills in…
DetailsKernel, Ukraine’s major farming holding, is planning to kick off the construction of a new grain terminal in Chornomorsk as soon as in the coming months, the company’s management said. The terminal is designed to handle 4 MMT of grain a year. The investment amount is projected at $100 million. The construction of the facility…
DetailsGas Natural Fenosa Furnizare Energie requests ANRE to increase the tariff for the electricity supply to the residential customers by 14.2%, to 219.3 bani per 1 kW-h. The company petitioned the National Agency for Energy Regulation on the approval of the new tariffs, and applying them from January 1, 2017. Currently, the residential consumers connected…
DetailsSeason 2016/2017 was marked with second in a row low corn crop in top-producing EU countries – France, Romania, Italy and Spain. According to European Commission’s estimates, EU corn crop totaled 59.073 MMT in 2016/2017, almost in line with last year volume – 59.066 MMT at the expense of higher production in other top producers…
DetailsOn December 1-8, CBOT corn prices gained 4.46%. On the spot market US corn export prices recovered to the previous week’s level. Brazilian corn prices increased on average by $7/MT, while Argentinean corn prices rose by $4/MT. CBOT futures were supported by the following factors: positive data on ethanol production in the USA and lack…
DetailsIn the current season (2016/2017) strong rapeseed demand from European countries due to a poor harvest has provoked a substantial decline in rapeseed crushing in Ukraine, Julia Garkavenko, chief oilseeds market expert of UkrAgroConsult notes. According to calculations, Ukrainian fat-and-oil companies processed about 200 KMT of rapeseed in July-November against 300 KMT at the same…
DetailsBulgaria’s 2016/2017 rapeseed planted acreage was reduced by 2.3% to 170 thousand ha that is somewhat below its long-term average. Favorable weather conditions allowed farmers to get a record rapeseed yield in 2016/2017. The total rapeseed crop consequently hit 493.1 KMT in 2016/2017, i. e. exceeded the most optimistic expectations. Overall, the first months of…
DetailsAccording to the National Energy Regulatory Agency, on December 12, the requests by RED Union Fenosa and Gas Natural Fenosa Furnizare Energie to raise the electricity tariffs were posted on the ANRE official web site as Law No 107 dated May 27, on electricity requires and the civil community has been given 15 days since…
DetailsOn December 20, Air Manas will carry out its first flight from the Bishkek’s Manas International Airport to the airport in Zhukovsky, Russia. The Zhukovsky Airport, or the Ramenskoye Airport, is located in the town of Zhukovsky, 3 km to the south-west from the railway platform “42 km”, and 36 km (public roads) from the…
DetailsIn the current season of 2016/2017 Ukraine’s grain market has faced a shortage of rolling stock for transporting grain freights. However, while the transport shortage was previously associated with a lack of railcars, the availability of trucks has also become an acute problem now. The logistical difficulties in Ukraine have already caused changes in the…
DetailsIn January-October the industrial output shrank by 0.6% YoY. According to the National Bureau of Statistics, in October it contracted by 2.2% YoY. In January-October the output decreased by 16.5% in the mining industry and grew by 0.7% in the processing one. The food industry reported the decrease by 0.6% YoY. In particular, the output…
DetailsUkrainian company Sixa, which has developed an application for access to a high-performance virtual computer in the “cloud,” has raised $3.5 million from U.S.-based Tandem Capital fund, as well as the investment companies Horizon Capital and Digital Future. “Sixa is a very valuable company for Digital Future’s portfolio. Fight among investors for the opportunity to…
DetailsUkrainian Prime Minister Volodymyr Groysman has said that natural gas production in the country could expand to 500 million cubic meters in 2017. “This year we increased own production to 50 million cubic meters of gas. Next year we expect the increase it to 500 million. I think that by 2020 we would be able…
DetailsUkraine’s seaports handled 4.22 MMT of vegoils in January-November, up by 16.9% YoY (3.61 MMT). The greatest handling volumes were accounted for by the following ports: Mykolaiv (1.78 MMT), Chornomorsk (1.19 MMT), Yuzhny (0.94 MMT), Odessa (0.11 MMT) and Mariupol (0.07 MMT). Ukraine’s ports handled 34.986 MMT of grains in January-November, up by 6.3% YoY…
DetailsTop managers of the public joint-stock company Odessa Port-Side Plant have asked the Prime Minister Volodymyr Groysman to set the beneficial price for the plant or include it in the production chain of a gas producer, First Deputy Board Chairman Mykola Schurikov has said. “We have sent an official letter to Groysman. We have suggested…
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