The government of Belarus and the Russian state corporation “Bank for Development and Foreign Economic Affairs” (Vnesheconombank) plan to sign a memorandum of understanding to set up an integration development platform. The relevant decision is laid down by Council of Ministers’ executive order No. 994 of December 5. The document will be signed to promote…
DetailsOver the past year, a small consumer price increase has been registered in Estonia – from November 2015 to November 2016 the country’s consumer price index has risen by 1%. Statisticians evaluate that the key factors behind this have been more expensive fuel, alcohol and tobacco. Compared to November 2015 last month goods were 1.2%…
DetailsThe European Union will provide EUR 25 million more in 2017 and 2018 for decentralization reform. Last month EUR 23 million was sent to the Ukrainian budget, Sector Manager of Regional and Local Development in the Delegation of the European Union (EU) to Ukraine Dominik Papenheim said. The EU anticipates that the funds will be…
DetailsAccording to the official customs statistics, in October-November Ukraine exported 36.7 thousand tons of malting barley (12.4 thousand tons and 24.3 thousand tons respectively), which significantly exceeded the general figures for six previous seasons (29 thousand tons). At the same time, Poland purchased nearly half of the exported volumes, while Romania and Belarus imported nearly…
DetailsBy 2021 Kazakhstan plans to have put 610 thousand ha of irrigated farmland into circulation, the Chairman of the Committee for water resources at the Ministry of Agriculture of Kazakhstan Islam Abishev declared. In the nearest 5 years Kazakhstan plans to restore the irrigation systems of regular irrigated agricultural areas throughout the areas of 610…
DetailsDCH Group of Oleksandr Yaroslavsky has suggested creating an international consortium to acquire PJSC Odessa Port-Side Chemical Plant, the press service of the group has said. “Despite the fact the tender to sell a stake in Odessa Port-Side Plant, scheduled for December 14, failed, DCH Group confirms its interest in the acquisition of the asset.…
DetailsMilling wheat continued rising in price on the domestic market on active purchases. Export prices for 11.5%-protein wheat in Bulgaria stay at $176-179 FOB for December-January delivery. Growing demand for Bulgarian wheat is observed from beyond the European Union. Overall, traders substantially increased export shipments of wheat this season. In the first five months of…
DetailsUkraine imported 6.656 million tons of fuel (petrol, diesel fuel, boiler oil, jet engine fuel, and others, which have FEACN code 2710) to the tune of $2.908 billion January through November, including $392.16 million in November. Fuel from Belarus was imported to the tune of $1.626 billion, from Russia – $458.085 million, Lithuania – $318.76…
DetailsThe austerity policy realized in Baltics during the crisis has resulted in some of the lowest budget deficit and debt levels in the European Union. However, Baltics are part of the six EU member states, which includes Luxembourg, Denmark and Slovakia, which are able to fulfill all Maastricht criteria. “Baltic States have managed to demonstrate…
DetailsIn January-October Azerbaijan exported agricultural products valued at $311.673 million, up by 22.3% YoY, the Ministry of Agriculture declared. According to the announcement, fruit and vegetables formed most of the exports of agricultural products ($270.842 million). In January-October Azerbaijan exported 11.19 thousand tons of raw hides at $12.248 million, and 16.57 thousand tons of oats…
DetailsCompared to November 2015, the average level of consumer prices increased by 1.3% in November 2016. Prices of goods grew by 0.6% and prices of services by 2.9%. In November the greatest pressure on the price changes was put by the rise in prices of food and non-alcoholic beverages, goods and services related to transport,…
DetailsUkraine in January-November exported electricity worth $137.785 million, in particular in November for $14.497 million. According to the State Fiscal Service, electricity delivered to Hungary amounted to $105.039 million for the 11 months, to Poland to $32.392 million, Moldova to $347,000, other countries to $7,000. In addition, in January-November Ukraine imported power worth $3.288 million…
DetailsOn December 16-20, an auction of public assets will be held at the Stock Exchange of Moldova. The state stakes in 23 joint stock companies valued at a total of MDL 773.97 million will be traded through voice trading, the press service of the Stock Exchange of Moldova informs. Among them are the 100% stake…
DetailsIn August-October Naftogaz procured 1.8 billion cubic meters of natural gas from Axpo Trading AG, CEZ, a.s., Engie SA, Eni Trading & Shipping S.p.A., RWE Supply & Trading GmbH and Uniper Global Commodities SE within the scope of the second round of utilization of Gas Purchase Renewable Credit Facility funds provided by the European Bank…
DetailsOP Corporate Bank plc commenced cooperation with Latvijas Gaze in relation to the provision of a loan worth EUR 35 million. The bank acquired rights to provide the loan by winning in Latvijas Gaze tender for re-financing of capital investments. The contract for the EUR 35 million loan with Latvijas Gaze has been signed for…
DetailsUkrainian large and medium-sized crushers produced 515.6 KMT of sunoil in October, up by 115.8 KMT MoM (29%, 399.8 KMT) and by 122.6 KMT YoY (31%, 393 KMT). Small mills accounted for over 100 KMT of October sunoil production. The 2016/2017 season’s bumper sunseed crop allowed crushers to make an unprecedented monthly amount of sunoil.…
DetailsIn 2017 Moldova expects to get credits at a total amount of MDL 7 billion 397.2 million ($362.6 million) to support the budget and continue externally-funded projects. This is provided for by the draft law on the 2017 state budget approved by the government. By estimates of the Finance Ministry, to continue the implementation of…
DetailsMoldova’s government expects to have MDL 220 million from the privatization of public assets and MDL 700 million from the sale of the liquidated banks’ assets. These amounts have been included in the 2017 state budget. In particular, MDL 220 million from the privatization of public assets and MDL 700 million from the sale of…
DetailsIn 2016 the volume of capital investments in agriculture will exceed the last year figures nearly 1.5 times, to 44 billion UAH, the Head of investment department at the National Scientific Centre Institute of Agrarian Economics Nikolai Kisil declared. In particular, the growth of capital investments was driven by a spike in investment activity after…
DetailsIn January-November Commercial Sea Port Yuzhny handled 36,239,800 tons, down by 17.8%, YoY, Ukrainian Sea Ports Authority says. According to the statement, this makes 30% of total throughput of Ukraine’s seaports (120,717,900 tons). In the 11-month period the growth was shown by the following sectors: metal – 89,400 tons (+73.1%), containers – 73,800 TEUs (+51.5%),…
DetailsAn International Monetary Fund (IMF) mission led by Martin Sommer visited Ashgabat on December 1-6, to assess macroeconomic and financial developments and discuss economic challenges and policy priorities with senior government officials and the diplomatic community. The expectations for persistently lower oil and natural gas prices imply the need for additional policy adjustment in Turkmenistan,…
DetailsKazakhstan’s huge oil field Kashagan was officially presented on December 7, Kazakh Energy Ministry said. Kazakh President Nursultan Nazarbayev took part in the event. Oil production at Kashagan was launched in autumn and reached commercial level of 75,000 barrels per day on November 1. Currently work is carried out in order to increase the level…
DetailsJSC National Company Food Contract Corporation announced the increase of the purchasing prices for 3- and 4-grade wheat Triticum aestivum L., the company’s press-service reported. In particular, the prices for 3-grade wheat, purchased to the commercial resources of the company, increased from 41`500-50`000 KZT/ton to 49`000-58`000 KZT/ton for VAT taxpayers (depending on the qualitative indicator),…
DetailsKazakh wheat exports continued expanding in October. Kazakhstan exported 452.8 KMT of wheat in the second month of the season, up by 40% YoY. In the first two months of 2016/2017, Kazakhstan exported 38.7% more wheat YoY (808 KMT), which is a three-year high. The share of Kazakh wheat’s key export destinations – Uzbekistan, Tajikistan,…
DetailsIn 2016/2017 MY the export potential of Ukrainian feed corn totals nearly 18 million tons, up by 9% YoY. At the same time, in October Ukraine exported over 1.35 million tons of corn, which became the absolute record for the reporting month. But due to the record global production of corn, as well as rather…
DetailsAs part of building the third power connection between Estonia and Latvia, Estonian power grid operator Elering has announced a procurement tender for designing and constructing the Estonian side of the project. “The new Estonian-Latvian power connection is notable because a project important from the energy security and market standpoint will be carried out without…
DetailsAir temperatures dropped and winter crops stopped growing in Bulgaria from November 21-30. In West Bulgaria air temperature fell to 10-13 degrees C below zero. Owing to a 10-15-cm layer of snow, which covered this part of the country, late-sown winter cereals (sown in the latter half of November) at early development stages were protected…
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