According to official information, Ukraine exported 525 KMT of barley in October, up by 16.4% YoY (451.1 KMT). In total, Ukraine has increased its barley exports by 3.7% this season, to 3487.5 KMT. Saudi Arabia is still the main destination market for Ukrainian barley, though with lower shipments now. Ukrainian exporters shipped 1.43 MMT of…
DetailsIn 2016 Azerbaijan’s exports will decline by 18% YoY, or by $2.8 billion, the CBA Chairman Elman Rustamov said. Earlier Rustamov noted that Azerbaijan’s exports would be about $12.8 billion by late 2016. “The export of non-oil products and services has declined by 20% since early 2016”, he said, adding that non-oil imports were currently…
DetailsIt is planned to build another 26 agroparks in Azerbaijan, the country’s Economy Minister Shahin Mustafayev said. He said that the agroparks would be built in 19 districts of Azerbaijan. A variety of processing and manufacturing enterprises are planned to be built in these agroparks. Currently, the work is underway in Azerbaijan to create ‘Yalama’…
DetailsAfghanistan will profit by more than $1 billion per year for gas transit via the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline. Necessary infrastructure facilities – plants, gas compressor stations and gas purification plants will be built along this energy bridge. “More than 12,000 jobs will be created for our Afghan brothers”, Turkmen President Gurbanguly Berdimuhamedov said. The main…
DetailsIn January-September the share of agro-industrial complex in the general growth of capital investments in Ukraine reached 51.3%, including the agricultural component at 39.6%, and the food industry at 11.7%, the Head of investment department at the National Scientific Center Institute of Agrarian Economics Nikolai Kisil declared. According to him, in January-September the general volume…
DetailsThe Asian Development Bank (ADB) approved a $500 million loan to help Azerbaijan maintain social spending, create jobs, and diversify its economy to mitigate the adverse impact of a crash in oil prices, ADB said in a message. Sean O’Sullivan, director general of ADB’s Central and West Asia Department, said ADB’s support was important for…
DetailsContinuing last year’s autumn trend, the volume of cargoes carried by Latvijas dzelzcels had increased in November. The volume of cargoes transported by rail reached 4.46 million tons, up by 7.6% YoY. Coal transports have increased significantly. 1.8 million tons of coal was transported in November. This exceeds the index of November 2015 by 28.7%.…
DetailsThe European Court of Auditors (ECA) has expressed reservations about significant amounts of financial assistance rendered to Ukraine. The assistance program from 2007 to present has resulted in limited results, according to a statement of EU financial observers. Prior to 2014 the reason for the low effectiveness of assistance from the European Union (EU) was…
DetailsIn January-October the sea terminal Nika-Tera (Sea Special Port Nika-Tera LLC, Mykolaiv, part of Group DF) shipped 1.676 million tons of grain cargoes, which formed 55.64% of the general cargo turnover (3.012 million tons), the press-service of the company declared. Also, the terminal shipped 267 thousand tons of mineral fertilizers (8.86%) and 1.068 thousand tons…
DetailsIn the first three quarters of 2016, Latvian enterprises were provided with bank loans for a total amount of 1.4 billion euros, up by 40% YoY, according to the estimates of the Latvian Association of Commercial Banks and Finance and Capital Market Commission. The total loan portfolio of Latvian banks was EUR 15.11 billion at…
DetailsThe minimum wholesale and retail prices on alcoholic beverages (except for beer) in Uzbekistan will be raised starting from January 1, 2017, according to a joint decision of the country’s Ministry of Finance and the State Tax Committee. The minimum wholesale wine price for producers will be increased from 4,500 to 5,400 Uzbek soums (UZS)…
DetailsKyiv authorities seek to find around 23 billion UAH to modernize the overland transport network and infrastructure and similar programs by 2019. The information is outlined in the updated action plan for 2016-2018 to implement Kyiv development strategy by 2025. The plan was approved by lawmakers of Kyiv City Council on November 15. Some 78.5…
DetailsAzovmash Group and Kryukovsky Railway Car Building Works (KRCBW) are in talks with PJSC State Food Grain Corporation of Ukraine (SFGCU) about the possibility of building grain railcars for the corporation. According to a top manager of the company, 300-500 railcars are in question for now. Overall, the company is considering a project for building…
DetailsIn Q3, the current account formed a surplus of 1.5% of the country’s GDP, according to the data from the Bank of Latvia. This year’s general surplus is 1.1% of GDP. It is expected that investment inflow will remain positive. It will be slower than last year, predicts Swedbank economist Agnese Buceniece. Contribution to the…
DetailsNine representative bodies of Estonia’s manufacturing industry and the Estonian Employers’ Confederation jointly addressed the government protesting against a planned excise tax hike on natural gas. “During the next four years, the gas excise tax will increase so much that energy-intensive industries will lose out on almost the entire leading edge that the fall in…
DetailsBulgaria’s fall planting has come to its final stage. The country experienced contradictory weather conditions in the course of this work. On one hand, abundant October precipitation replenished soil moisture and produced a beneficial effect on growth of already sown winter crops. On the other hand, this precipitation stopped planting in most of the country’s…
DetailsA new outbreak of African Swine Fever (ASF) has been reported on a Ukrainian backyard pig farm in Stavrove, Odessa, close to Moldova.
Of the nine pigs on the farm, eight cases were confirmed. All nine pigs died as a result, to prevent the spread of the disease. (ThePigSite/Business World Magazine)
Belorusneft specialists have started performing hydraulic fracturing operations under the contract with Ukrgazvydobuvannia, a statement on the website of the oil company reads. “In accordance with the contracts, the specialists will conduct 50 hydraulic fracturing operations in Poltava region. This is the first large-scale oil service project in Ukraine for the Belarusian oil company”, the…
DetailsBelarus plans to increase supplies of agricultural machinery to Nicaragua. This matter was discussed during a working visit of Ambassador Extraordinary and Plenipotentiary of Belarus to Ecuador Igor Poluyan to Nicaragua, the press service of the Belarusian Ministry of Foreign Affairs reported. In Managua, the Belarusian diplomat met with the Deputy Minister of Foreign Affairs,…
DetailsAzerbaijan’s Central Bank (CBA) will carry out tight monetary policy in 2017, the CBA Chairman Elman Rustamov said. “Due to transition to a floating exchange rate of Azerbaijani manat, we switched to targeting the growth of money supply”, Rustamov said. “Our main goal is to prevent additional currency emission and not to exert pressure on…
DetailsUkrainian coal mining companies increased production by 1.7% YoY in January-November (by 629,700 tons), to 37.003 million tons. A source in the Ministry of Energy and Coal Industry reported that coking coal production increased by 3.5% (by 261,700 tons), to 7.695 million tons, steam coal output was up by 1.3% (by 368,000 tons), to 29.308…
DetailsAzerbaijan’s Energy Minister Natig Aliyev noted the importance of the United States’ representation at a high level at the 3rd consultative council of ministers on the Southern Gas Corridor project in order to give political support to the project, the Azerbaijani Energy Ministry said. Aliyev made the remarks during his meeting with William Silkworth, office…
DetailsSlowdown of the global economy’s development, deterioration of the macroeconomic indicators affected Azerbaijani economy as well, the country’s parliament speaker Ogtay Asadov said. He made the remarks at a plenary session of Azerbaijani Parliament during the discussion of the country’s draft state budget and the concept of socio-economic development for 2017 and the next three…
DetailsThe Asian Development Bank (ADB) is ready to support small and medium-sized enterprises (SMEs) in Azerbaijan, a source in the country’s government reported. ADB offers to support business by opening credit lines for local banks. “Thus, the ADB wants to provide support to banks in Azerbaijan and contribute to the development of SMEs”, said the…
DetailsThe government of Ukraine plans to conclude a revised Agreement on Mutual Promotion and Protection of Investments with the government of Turkey, the Economic Development and Trade Ministry of Ukraine reports. “We’ve agreed with the Turkish side on the main provisions of the draft agreement, which foresees the most-favored procedure for investors of both countries…
DetailsIn an auction held on December 6, by Azerbaijan’s State Committee on Property Issues, 12 state properties were sold as part of a new privatization program. The privatized properties are located in Baku, Shirvan, Sabirabad and Saatli. There are 5 vehicles among the privatized properties. The next auction, to be held on December 13, will…
DetailsKazakhstan plans to found the agribusiness export center, which will realize the promotion of domestic agricultural products on foreign markets, the press-service of the Ministry of Agriculture declared. The center will be formed on the basis of JSC National Company Food Contract Corporation within frames of the State program for development of the agro-industrial complex…
DetailsKazakhstan’s total crop of grain after conditioning reached 21.5 MMT, agriculture vice-minister Gulmira Isayeva said. In addition, she said, the nation was going to export 9 MMT of grain. With regard to the outlet markets, according to her, they are the traditional ones: Uzbekistan, Tajikistan, Russia, Iran and China. “Together with the Kazakh Railways we…
DetailsIt is an open secret that India is the key destination market for Ukrainian sunseed oil. 1.4 MMT of this commodity was shipped to the country from Ukraine in 2015/2016. That volume represented 31.6% of Ukraine’s total sunseed oil exports. However, nobody could have imagined that India would take interest in Ukrainian sunseed meal. The…
DetailsTwo non-OPEC countries, Kazakhstan and Mexico, have announced that they will take part in OPEC’s meeting to be held in Vienna on December 10. Kazakhstan’s Energy Minister Kanat Bozumbayev has said he will participate in OPEC’s meeting. Regarding the possibility of reducing the oil production in Kazakhstan, Bozumbayev said that Kazakhstan was not the largest…
Details