Since 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…
DetailsRepresentatives of political, business and expert circles have discussed the progress of Ukrainian energy reforms, the role of new strategic partnership in this area and priorities for 2017 at an international high-level conference on the new EU-Ukraine strategic partnership in energy and the role of business in this process in Brussels. “Having signed the memorandum…
DetailsExports of Ukrainian agricultural products amounted to nearly $12 billion in 10 months of 2016. This is reported by the press service of the Agrarian Policy and Food Ministry of Ukraine. “According to the State Statistics Service of Ukraine, exports of Ukrainian agricultural products in January-October amounted to $11.8 billion, accounting for 40.7% of total…
DetailsUkrainian President Petro Poroshenko said that the situation with PrivatBank (Dnipro) was not only a threat to itself, but to Ukraine’s entire banking system. “A threat to the bank and the whole Ukrainian banking system has appeared. It is obvious to us. Our key financial partners – IMF, World Bank, EBRD and others – have…
DetailsThis year, Latvia climbed to the third place among countries of continental Europe in regards to loans issued online. France and Germany are ahead of Latvia in this industry. Thanks to rapid development of two financial technologies companies Twino and Mintos in the past two years, Latvia has become one of the leaders in alternative…
DetailsManaging Director of the International Monetary Fund (IMF) Christine Lagarde has welcomed the decision of the Ukrainian government and the National Bank of Ukraine on the nationalization of PrivatBank, the largest bank in the country, as it is an important step to ensure financial stability. “Today’s decision of Ukrainian authorities to nationalize PrivatBank is an…
DetailsUkraine’s Cabinet of Ministers has approved of amendments to the financial plan of the state-run enterprise Boryspil International Airport for 2016 in resolution No. 963-r dated December 14, 2016. According to an explanatory note to the resolution, the new plan says that net sales revenue will total 2.923 billion UAH and this is 188.3 million…
DetailsThe European Bank for Reconstruction and Development (EBRD) has taken part in forming a new team of top managers of PrivatBank (Dnipro), Ukrainian President Petro Poroshenko has said. “A new professional group of specialists has been hired to manage the bank. The European Bank for Reconstruction and Development took part in the process”, the president…
DetailsStarting on December 16, First Ukrainian International Bank (FUIB) began to disburse the guaranteed amounts of deposits to the customers of PJSC “Bank Mykhailivskyi”, that is to individuals whose funds were subject to compensation by the Private Deposit Guarantee Fund. PJSC “FUIB” disburses funds to depositors who, when concluding bank deposit/account agreement with PJSC “Bank…
DetailsThere could be a price increase on dairy products, coffee, oils and oranges next year. This can be explained with trends on world markets. On Latvia’s local markets, however, there could be a price increase for bread, head of Agricultural Resources and Economics Institute’s department Inguna Gulbe said. At the same time, she said prices…
DetailsMinsk Free Economic Zone (Minsk FEZ) hosted a resident – NanoComposite, which planned to produce polymer materials with nano particles.
Established in March 1998, Minsk FEZ is now home to 113 resident companies. (Prime-TASS/Business World Magazine)
In January-October the import volumes of wheat to Azerbaijan totaled 1.268 million tons, up by 9% YoY, the State Statistical Committee of the Republic of Azerbaijan reported. According to the statistics figures, the general cost of imported wheat to the country totaled nearly $234.4 million (down by 9.3%). In the reporting period Azerbaijan imported 110.4…
DetailsThe gas reserves available in Ukraine are enough to go through the 2016-2017 winter season, energy holding Naftogaz Ukrainy said in a statement. “Naftogaz deems the amount of gas available to Ukraine enough for secure gas supplies to Ukrainian consumers during the entire heating season”, the company said. Russian president Vladimir Putin earlier said that…
DetailsDue to expansion of the planted areas of flaxseed in Kazakhstan and the growth of its production volumes, the country managed to increase its processing volumes. In 2015/2016 MY Kazakhstan produced 16.9 thousand tons of flaxseed oil, which became a historical maximum record, and exceeded the previous season figures 5 times. According to the Customs…
DetailsExcise taxes on oil products in Moldova will increase more than expected in the next three years. This is stipulated by the fiscal policy for 2017 passed by the Parliament of Moldova in the final reading. In particular, in 2017 the excise rate was going to grow from MDL 4,137 to MDL 4,503 per ton…
DetailsThe E.U. has official prolonged its anti-Russian sanctions for six months until July 3, 2017 from December 31, 2016, the E.U. Council said in a statement. “Having assessed the implementation of the Minsk agreements at the European Council meeting of December 15, the E.U. heads of state and government paved the way to renew the…
DetailsThe members of Riigikogu passed on December 19, a series of tax changes pushed for by the new Estonian government that set forth increasing excise tax for fuel, light alcohol and raising considerably level of income exempt from income tax. The proposals adopted by 55 votes for and 37 against cancel the 0.5% cut in…
DetailsPresident of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti has said that the EBRD is strongly supportive of the decision of the Ukrainian government to nationalize PrivatBank and to protect the bank’s depositors, both individuals and businesses. “The nationalization which took place with the cooperation of existing shareholders will be combined with…
DetailsEstonia’s Tekhnolift will supply EUR 3.378 million worth of special equipment from European manufacturers for the upgrade of the state-owned company Brest Waste Recycling Factory, a company official reported. They plan to start the upgrade in spring 2017. Brest Waste Recycling Factory has been operating since November 2010, providing sewage water treatment and recycling solid…
DetailsEIB and EBRD will provide Moldova with a EUR 82 million loan for the construction of the 120-km-long Ungheni-Chisinau gas pipe. This is stipulated by the financing contract Moldova and the European Investment Bank have signed. According to the press service of EIB, EIB and EBRD have assigned EUR 41 million each for the project.…
DetailsBelarus’ proceeds from fresh/chilled beef export totaled $258.863 million in January-October, down by 10.9% YoY, Belstat said in a report. Belarus exported 87,510 tons of fresh and chilled beef in January-October, up by 2% YoY. Almost all beef was exported to Russia – 87,422 tons (up by 2.3%) worth $258.681 million (down by 10.7%). Cheese…
DetailsOn December 10-16, Ukraine exported 670.1 thousand tons of grains from the seaports against 635.2 thousand tons on the previous week.
In particular, wheat shipments reached 202.9 thousand tons, corn – 442.4 thousand tons, and barley – 24.8 thousand tons. (APK-Inform/Business World Magazine)