Lenders in Estonia are continuing to build a common positive credit rating register to enable banks and creditors assess the ability of upcoming clients to repay their debts. “Things are currently in the programming phase”, Alar Jager, development director at AS Creditinfo explained. “This is a project with an open deadline, so to speak, because…
DetailsOver the first nine months of 2016 purchase prices have slightly recovered with farmers being able to sell milk 2.5% higher and pork – 9% higher, the Estonian Rural Affairs Ministry found in a survey. The ministry’s Deputy Secretary General for Agricultural and Rural Life Policies Marko Goran evaluates: “The low ebb of the milk…
DetailsOvernight into December 21, the Verkhovna Rada (Parliament) passed the state budget for 2017. Fiscal revenues for 2017 are envisaged at 721.4 billion UAH and expenditures at 790.4 billion UAH. The budget deficit was set at 77.5 billion UAH. The following macroeconomic indicators are proposed for 2017: GDP growth at 3-4%; inflation at 8.1%; forecast…
DetailsFreeport of Riga Authority says 33.3 million tons of cargo was handled at Riga port during 11 months of the current year, down by 8.6% YoY, while total cargo turnover decrease compared to last year continues to decline. November has been successful for the port of Riga in coal segment – 1.1 million tons of…
DetailsAs the year comes closer to its end, residents become more and more positive. Compared with October, residents’ overall prediction for the future has improved by three points. Optimistic changes are also noted in general expectations, which have improved by two points. Last month residents’ criticisms were fairly rough on nearly all positions. The biggest…
DetailsIn October Kazakhstan continued exporting flour at the fastest pace in five years. 248.1 KMT of flour was supplied to foreign markets, up by 33% YoY. For the two months of the season, Kazakh exporters built up flour deliveries by 27% to 425.1 KMT against 335.2 KMT in the same period in MY 2015/2016. Afghanistan…
DetailsUkraine’s crushers have substantially boosted sunoil output this season (2016/2017). Sunoil production has been showing a record fast pace for a third consecutive month now, hitting new highs every month. Ukraine’s large and medium-sized crushers produced unprecedented 529 KMT of sunoil in November compared to 515.7 KMT in October and 353 KMT in November 2015.…
DetailsTo date Kazakhstan exports the major volumes of domestically produced flaxseed oil, the Chairman of the Board at Atameken-Agro JSC Arthur Akhmetov declared. According to the Ministry of National Economy of Kazakhstan and the State Revenue Committee at the Ministry of Finance, in January-August the country supplied the major volumes of produced flaxseed oil (370.1…
DetailsIn January-November in Kazakhstan the general volumes of agricultural production totaled 3.4 trillion KZT, and the quantity index number increased by 4.5% YoY, the First Vice-Minister of Agriculture of the Republic of Kazakhstan Kairat Aituganov declared. According to him, in the reporting period the investments in agriculture increased by 48%, to 228 billion KZT. In…
DetailsSupport of agriculture from the 2017 national budget would be around 5.5 billion UAH, Ukraine’s Agricultural Policy and Food Ministry has reported. “Now farmers will receive subsidies in the amount of 1% of products they make during five years. This is a really historic decision, as Ukraine does not have this model. In 2017 support…
DetailsAccording to the official customs figures, in September-November period of 2016/2017 MY Ukraine imported 81.6 thousand tons of palm oil, up by 67% YoY (48.9 thousand tons). At the same time, PJSC Zaporizhia fat-and-oil complex (up by 27.2 thousand tons, to 39.1 thousand tons) and Delta Wilmar CIS (up by 17.3 thousand tons, to 40.2…
DetailsAccording to the Regulations of the Cabinet of Ministers winter navigation in all Latvian ports begins on December 15, and ends on April 15, says Freeport of Riga Authority. The decision on ice navigation opening at the Port of Riga and the Gulf of Riga, as well as on the necessity to employ icebreakers is…
DetailsExport prices for Ukrainian milling wheat went up again, though slightly, in view of growing Chicago wheat futures and shrinking supply of Ukrainian wheat on the world market. Export wheat with 12.5% and 11.5% protein closed the week up by $1 for December-January delivery. At the same time, a decline was observed in import demand.…
DetailsIn the course of a quadruple meeting with participation of Azerbaijani Railways Head Javid Gurbanov, Kazakhstani Railways President Kanat Alpysbayev, Turkish Railways CEO Veysi Kurt and Georgian Railways Chairman Mamuka Bakhtadze, the parties discussed the development prospects of the Trans-Caspian international transport route, issues of increasing freight traffic along this route and optimization of tariffs.…
DetailsIn November Ukrainian soybean exports revived and their monthly total hit a record high. 537.6 KMT of soybeans were exported in November, or almost three times as much as in October (192.1 KMT) and up by more than 20% YoY (445.2 KMT). Export statistics for MY 2016/2017 (September-November) also beats records: shipments to foreign markets…
DetailsThe European Bank for Reconstruction and Development (EBRD) is providing a loan of up to EUR 8 million to Kremenchuk municipal trolleybus company (KTU) for the acquisition of 50 new low-deck trolleybuses, including spare parts and maintenance tools, as well as the workshop maintenance and diagnostic equipment for the new fleet, the press service of…
DetailsIn 2016 agricultural commodities production in Ukraine will increase by 3%, the Ministry of Economic Development and Trade of Ukraine declared. In the current year Ukraine will face a record grain harvest of 64.2 million tons, so the Ministry forecasts a positive dynamics in the plant growing industry at the level of 6%. At the…
DetailsThe commercial court in Odessa region has declared public joint-stock company Odessa combined heat and power plant (CHPP) bankrupt and launched a liquidation procedure for the period of 12 months. The company reported in the information disclosure system of the National Commission for Securities and the Stock Market on Tuesday that the court made the…
DetailsOn December 8-15, CBOT corn prices strengthened by 0.8%. Last week US corn export prices (January delivery) strengthened by $2/MT, while Argentinean and Ukrainian corn supply prices remained unchanged. Ethanol market still supported CBOT prices, particularly the data on record ethanol exports in October, as well as high US corn contracting pace, which exceeded market…
DetailsBunge Company intends to increase its presence in Turkey’s vegoils market, having bought shares of the producing company called Ana Gida Ihtiyac Maddeleri ve Sanayi Ticaret. 55.25% of the shares will be bought out from Ana Gida, and the remainder – 44.75% – from Seef Foods. As of today, Ana Gida owns the Komili trademark,…
DetailsIn January-November the average selling prices of agricultural enterprises for agrarian products increased by 9.3% YoY, the press-service of the State Statistics Service of Ukraine declared. In particular, in the reporting period the average prices for plant growing commodities grew by 19.2%, and the prices for livestock commodities – by 0.7%. In November the average…
DetailsIn Q3 Riga was the only Baltic capital where housing affordability had improved in comparison with the same period of 2015. Growth of average net wages and decline of interest rates contributed to the improvement of housing affordability. Affordability in Tallinn has become somewhat worse under influence from higher interest rates. Housing affordability in Vilnius…
DetailsOn December 20, Riga Freeport Authority approved of the budget for 2017 in accordance with goals listed in Development program 2009-2018. Planning the next year’s budget revenue section, participants of the meeting took into account the cautious cargo turnover outlook, which was based on cargo turnover plans submitted by stevedore companies. It is predicted that…
DetailsStarting from 2017, micro-enterprise tax rate in Latvia will be 15% of turnover. At the same time, the government has decided to cancel the introduction of minimal social insurance fees. This is provided by amendments to Micro-enterprise Tax Law and State Social Insurance Law approved by the Saeima. Micro-enterprise Tax Law was added with a…
DetailsUkraine’s Verkhovna Rada has approved at second reading bill No. 5368 liberalizing the Tax Code. A total of 240 lawmakers backed the document. Head of the parliamentary committee for tax and customs policy Nina Yuzhanina said presenting the bill that the committee received 356 proposals for the second reading and 261 of them were voted…
DetailsLatvia’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…
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