Kazakh wheat bran exports exceeded 180 KMT in 2015/2016: they totaled 181.6 KMT, or up by 31.6% YoY. In the beginning of the new season 2016/2017, Kazakh exporters continued stepping up wheat bran deliveries to foreign markets. So, Kazakhstan exported as much as 43.4 KMT of wheat bran in the first two months of the…
DetailsLow marginality of flour production does not allow Ukrainian companies-processors to realize significant investments in reconstruction of their enterprises, and denies the opportunity to improve qualitative characteristics of the final product, and reduce its production costs, the co-owner of the group of companies Ukr-Agro-Product LLC, Khlebodar and GFS Group Boris Shestopalov declared. According to him,…
DetailsAlthough Ukraine has confirmed its readiness to buy 1.5-4 billion cubic meters of Russian gas this winter and Moscow said it was ready to ensure exports to Ukraine and the E.U., no final deal was reached during the talks, Russian Energy Minister Alexander Novak reported. “The Ukrainian side has expressed its readiness to buy 1.5-4…
DetailsForeign direct investment in Georgia increased by 5% YoY in the first nine months of 2016 to $1.29 billion, according to preliminary data released by the State Statistics Office. FDI in the third quarter stood at $463 million, down by 4% YoY and up by 3.8% QoQ. After increasing by about 33% YoY in the…
DetailsIn July-November Ukraine significantly increased the exports of peas to Pakistan, which reached 39.9 thousand tons, up by 75% YoY (22.8 thousand tons), and by 8% compared with the whole 2015/2016 MY (36.8 thousand tons). The current trends in peas production in Ukraine allowed increasing the exports, not only to Pakistan, but also on the…
DetailsUkraine’s Cabinet of Ministers has permitted government customers to extend the terms for sending advance payments to buy specialized equipment required for the implementation of the Vilkha defense project to 24 months. The requirement is outlined in the government resolution No. 891 dated November 30, amending government resolution No. 117 dated April 23, 2014. The…
DetailsIn 2016 the production of grains and pulses in Ukraine will reach 64.2 million tons in standard weight, up by 4 million tons YoY, the Ministry of Agrarian Policy and Food of Ukraine declared. According to the announcement, the average yield of grains and pulses is estimated at 4.48 ton/ha (up by 0.37 ton/ha compared…
DetailsThe European Investment Bank (EIB) will allocate EUR 450 million to Georgia through three loan agreements, the EIB and Georgian Prime Minister’s Office said. EUR 250 million will be allocated to finance new construction and upgrading of priority roads, EUR 100 million for the rehabilitation and upgrading of municipal infrastructure and a EUR 100 million…
DetailsThe government, entrepreneurs and social partners continue sharp discussions of the future of micro-enterprises and the tax regime to be applied to them in the foreseeable future. One proposal suggests canceling the payment of mandatory minimal social fees and increasing micro-enterprise tax rate from 9% to 15%.This proposal was reviewed week by members of the…
DetailsDCH Group of the Kharkiv businessman Oleksandr Yaroslavsky has detailed its plans to create a consortium for the purchase of the Odessa Port-Side Plant. “We intend to involve Rothschild & Co Bank as an advisor for establishing an international consortium to acquire Odessa Port-Side Plant. At the moment, we are discussing its role as an…
DetailsSprouts of winter crops in Ukraine appeared throughout the areas of 6.5 million ha, or 93% of the planted areas, the Ministry of Agrarian Policy and Food of Ukraine informed. According to the announcement, as of the reporting date 83% of the sprouted areas were in good and satisfactory condition (5.4 million ha), and 17%…
DetailsThe construction of a new aircraft repair factory will end in 2017. Deputy Prime Minister of Belarus Anatoly Kalinin was made familiar with progress of the project to build the aircraft repair factory and the project to build the second runway in the Minsk National Airport. The new aircraft repair factory will allow developing the…
DetailsBy 2021 the export volumes of vegetable oils from Kazakhstan will grow to nearly 400 thousand tons, oilseed meals – to nearly 500 thousand tons, the member of the board of directors at EFCO Group of Companies Vladislav Romantsev declared. Realization of the project on foundation of the fat-and-oil cluster on the basis of production…
DetailsBelarus’ largest commercial bank OAO Belarusbank has signed memorandums of understanding with African Export-Import Bank and Slovenian SID Banka during Belarusbank’s conference in Frankfurt (Germany), the bank’s press service reported. The conference gathered around 100 representatives of the World Bank, German financial institutes and insurance companies, as well as representatives of such institutions of Italy,…
DetailsOn December 3-9, Ukraine exported 635.2 thousand tons of grains from the seaports against 550.9 thousand tons on the previous week.
In particular, wheat shipments reached 188.3 thousand tons, corn – 429.9 thousand tons, and barley – 17 thousand tons. (APK-Inform/Business World Magazine)
In January Belarus’ consumer prices grew by 1.9%, in February – by 2.9%, in March – by 0.8%, in April – by 0.7%, in May – by 0.5%, in June – by 0.4%, in July – by 0.4%, while August saw a 0.1% deflation. In September consumer prices resumed growth at 0.7%, and at 0.8%…
DetailsThe overall turnover of commodities and services in foreign trade shrank by 10.5% YoY in January-October to $48.73 billion. Exports of commodities and services reduced by 11.4% YoY to $24.48 billion, and imports decreased by 9.5% to $24.24 billion. According to the NBB, the deficit of foreign trade in goods totaled $1.756 billion compared to…
DetailsThe construction work as part of the Trans Anatolian Natural Gas Pipeline Project (TANAP) is 55% complete, Saltuk Duzyol, head of TANAP consortium, reported. He pointed out that to date, 19 underground passages have been built as part of the project. Furthermore, the consortium head noted that the cost of TANAP project had decreased. “When…
DetailsRussia and Ukraine do not disagree on the price for Russian gas for the fourth quarter of 2016, Russian Energy Minister Alexander Novak reported. “This time we don’t have any disagreements on the price, because both the Ukrainian side and the Russian side confirm that the price for gas, which is set this quarter, including…
Details11th Wine Vernissage will take place at the National Palace of Moldova on December 15. The event, called “The Magic Vernissage”, will bring together 36 wineries, which are going to present more than 200 wines, including 50 premier ones. “A vine vernissage traditionally offers winemakers an opportunity to display new products on the threshold of…
DetailsThe parliament has approved of the state social insurance budget in the first reading with the revenue and expenditures amounting to MDL 16,410,670,200. The revenue of the state social insurance budget will increase by MDL 1,464,985,900 or by 9.8% against the revenue approved for 2016; the expenditures will grow by MDL 1,434,575,400 or by 9.6%…
DetailsThe National Bank of Ukraine (NBU) has started publishing daily analysis of liquidity of the banking system containing data about the state of the correspondent accounts of banks as of early working day and information about factors influencing their change, the regulator has said on its website. The data will be updated before 11:00 of…
DetailsPubic joint-stock company Ukrtransgaz would announce a new tender to reconstruct compressor stations after revising the top priority directions for modernization of the Ukrainian gas transport system, Ukrainian Prime Minister Volodymyr Groysman said. “All procedures (the tender to reconstruct Ananiev, Zadniprovska and Pivdennobuhska compressor stations) were held, but Naftogaz made another decision in the issue…
DetailsThe growth of the Moldovan economy will restore, but the quality of this growth will worsen in 2016-2017, Expert-Grup forecast says. According to another edition of research “MEGA – Analysis of the economic growth in Moldova”, which the Independent Analytical Center submits twice a year, Moldova’s GDP growth in 2016 will be 3.4%, in 2017…
DetailsThe European Commission updated the European Union Air Safety List, removing all Kazakh airlines from it. “Today the European Commission updated the EU Air Safety List, the list of airlines that do not meet international safety standards, and are therefore subject to an operating ban or operational restrictions within the European Union. All air carriers…
DetailsOver the 9 months of 2016 the sales volume in the electronic communications sector of Moldova contracted by 3% to MDL 5,047,200,000. In particular, in Q3 the total sales volume on the markets of mobile telephony, broadband Internet access, fixed telephony, fixed Internet access, audio-visual retransmission, etc. amounted to MDL 1 billion 722.1 million, down…
DetailsAccording to the official customs statistics, in July-November Ukraine exported 34.2 thousand tons of organic wheat, up by 22% YoY. In the current season Germany (30% of the general volumes), the United Kingdom (22%), the Netherlands (15%) and Italy (14%) became the main countries-importers of the Ukrainian grain. In the reporting period Ukraine shipped organic…
DetailsThe National Bank of Ukraine (NBU) has retained refinancing rate at 14%. The bank has announced its decision to conduct the more moderate monetary policy to curb inflation consequences of the increase of the minimum wage to 3,200 UAH a month. The central bank said that the decision on the size of the discount rate…
DetailsGovernment is to examine an opportunity of revising the contract on concession of the Chisinau airport and lifting the airport modernization charge of EUR 9 per passenger. These are the recommendations included in the resolution Parliament has adopted following the hearing of the report by the investigatory commission on the concessionaire’s compliance with the contract…
DetailsCooler-than-usual weather with precipitation was observed from November 28 through December 4. The average weekly air temperature in Moldova was -1.3 to +0.1 degrees C, or 1-2.5 C below normal. Air temperatures bottomed out at –9 C. Minimum soil temperature at the tillering node (3-cm depth) in winter crops was –1 to +1 C, or…
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