Minister of Agriculture Ignati Arakelyan has proposed producing wine, champagne and gin from honey in Armenia, a statement issued by the ministry said. Arakelyan met with a group of Armenian beekeepers to discuss the problems in the field and their possible solutions. Dwelling upon priority issues, the beekeepers singled out the necessity to diversify bee…
DetailsNatural gas stocks in Ukraine’s underground storage facilities since the beginning of the 2016/2017 heating season started on October 13 and as of December 3, narrowed by 1.324 million cubic meters, or by 9%, to 13.408 billion cubic meters. According to public joint-stock company Ukrtransgaz, on December 3, Ukraine pumped 55.64 million cubic meters from…
DetailsUkraine has all opportunities to resume the growth of industrial production and to ensure the production of competitive products that will be in demand on domestic and foreign markets. This has been stated by Prime Minister Volodymyr Groysman. “Our task is to strengthen our capabilities, because the price and the quality are competitive”, Groysman said.…
DetailsTurkmenistan’s Foreign Minister Rashid Meredov held talks with the Iranian Deputy Foreign Minister for Asia-Pacific Affairs Ebrahim Rahimpour, the Turkmen ministry said. The parties exchanged views on cooperation in energy, transportation and trade. They mentioned substantial potential for expanding and diversifying trade turnover between the two countries. A number of major economic projects in energy…
DetailsConstruction of a large refinery that will produce gasoline from natural gas continues at a fast pace in Ovadan-Depe town in Ahal province of Turkmenistan. The construction of the refinery started in 2015. The project’s customer is the country’s Turkmengas State Concern. The project’s contractors are Japan’s Kawasaki Heavy Industries Ltd and the Turkish Ronesans…
DetailsThe Ministry of Agriculture of Kazakhstan plans that in the current year the country will export 9 million tons of grains, the Vice Minister of Agriculture Gulmira Isayeva declared. According to her, to date the Ministry and JSC Kazakhstan Temir Zholy are working to organize the first shipment of Kazakh grains to Vietnam. In the…
DetailsAs of December 2, Ukrainian agrarians harvested 63.386 million tons of grains throughout the areas of 13.859 million ha, or 99% of the plan. The average yield totaled 4.57 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine reported. At the same time, on the same date last year the production volumes reached 60…
DetailsThe Asian Development Bank (ADB) and the government of Kyrgyzstan have signed the financing agreement amounting to $95.1 million to rehabilitate a section of the North-South Alternate Road Corridor in Kyrgyzstan, said the message on ADB’s website. The agreement was signed on December 1 by Kyrgyz Minister of Finance and Governor to ADB Adylbek Kasymaliev…
DetailsADM company has completed modernization of an oil-extraction plant located in Chernomorsk (Odessa region), the press-service of the company reported. ADM almost doubled the processing capacities for sunflower seed and launched the line for rapeseed processing. According to the announcement, the upgraded capacities will allow more efficiently operating in Eastern Europe, and meet all foodstuff…
DetailsThe representatives of the US government confirmed their unchanged interest to continue energy cooperation with Ukraine. At the meeting, the parties discussed further steps for reforming Ukraine’s energy sector and maintaining conditions for secure gas transit to Europe via Ukraine. Andriy Kobolyev, CEO of Naftogaz, and Oleg Prokhorenko, CEO of Ukrgazvydobuvannya, have met with Amos…
DetailsSince the beginning of 2016/2017 MY, Ukraine exported 18.4 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared, referring to the State Fiscal Service. In particular, wheat exports totaled 10.1 million tons, corn – 4.5 million tons, and barley – nearly 4 million tons. Also, flour export volumes reached 134.2…
DetailsMinsk-based OAO Amkodor and Belarus’ Saleo Group plan to build three new plants in 2017 and implement other projects with a total investment portfolio of $500 million, Igor Kayuda, Amkodor’s Director for Innovations and Investments, reported. Chinese credits will account for 80% of project investments. As previously reported, Amkodor and Saleo Group signed three contracts…
DetailsAzerbaijan has enough potential to export its agricultural products to the US markets, Deputy Assistant Secretary of Commerce for Europe, the Middle East and Africa at the US Department of Commerce Michael Lally said. Azerbaijan has determined its way by setting the task to develop the non-oil sector of the economy, he said. Lally said…
DetailsBaku may turn into an international hub for postal shipments from Asia to Europe, Director General of the Universal Postal Union Bishar Hussein reported. Postal technologies are used for online shopping, he said. Goods and services from the Far East, China, Indonesia, and all the other countries with tiger economies can now be delivered to…
DetailsAccording to the State Statistics Service, sunseed stocks in Ukraine totaled 7992 KMT as of November 1, up by 6.7% YoY (7492.1 KMT). Growers held 4516.8 KMT out of this amount, while storage and crushing facilities accounted for 3475.2 KMT. Crushers increased soybean stocks by 56% to 1201.5 KMT as of November 1. At the…
DetailsAzerbaijan Railways CJSC and Switzerland’s Stadler Rail AG will expand bilateral cooperation, said a message from Azerbaijan Railways. This was decided during a meeting of Chairman of Azerbaijan Railways CJSC Javid Gurbanov and Stadler President Peter Spuhler. The message doesn’t specify the directions in which the two sides are planning to expand their cooperation. “During…
DetailsBelarus’ chemical company OAO Grodno Azot plans to finalize the project worth $170 million to build a nitric acid plant. The new facility will produce 1,200 tons of acid a day. Grodno Azot started building the new plant in October 2015. Germany’s ThyssenKrupp Uhde GmbH (Dortmund) won a tender to produce design specifications and estimates…
DetailsThe government will offset the losses on the export loans issued by the Belarusian banks in 2017-2018, reads Resolution No. 981 of the Council of Ministers of Belarus of November 30. The document was published on the national legal portal on December 2. The Council of Ministers made a decision to offset export loan losses…
DetailsUkraine exported 137.1 KMT of rapeseed in October against 322.7 KMT in September and 167 KMT in October 2015. In total 693.6 KMT of rapeseed was supplied to foreign markets in July-October 2016/2017, i. e. down by 502.1 KMT (42%) YoY (1195.7 KMT). Roughly 80% of 2016/2017 export rapeseed availabilities (880 KMT) were shipped abroad…
DetailsBelavia Belarusian Airlines will retire its Tupolev Tu-154 aircraft on December 28. The Minsk-based carrier’s fleet includes three of the type – one Tu-154 is already out of service and two operate charter flights between cities in Belarus and Western Siberia in Russia for oil and gas industry. The carrier’s fleet also comprises two Embraer…
DetailsMainly usual air temperatures were reported in the country on November 21-27. Their weekly average equaled +1.1..+2.9 degrees C, being close to normal in most of Moldova. Maximum air temperature hit +8 C, while its minimum value was at –5 C. Precipitation was chiefly in the northern half of the country, mostly as rain and…
DetailsDuring the first two years of its e-residency project, which provides foreigners with the opportunity to register companies in Estonia and use other e-state services, Estonia already has 15,000 e-residents who have established more than 1,000 businesses. The President of Estonia stressed the importance of the program in introducing Estonia to the world. According to…
DetailsThe Ministry of Economic Development and Trade of Ukraine has increased its forecast of growth of agricultural production in Ukraine in 2016 to 2.2%, as opposed to 0.7% in the previous forecast. According to the announcement, in 2016 the country witnessed rather high volumes of agricultural crops production, especially spring crops, compared with the expected…
DetailsKyrgyzstan was unable to use the Polish credit of 40 million euro, the Head of Trade and Investment Promotion Department of the Polish Embassy in Almaty Wlodzimierz Kurowski reported. He noted that the recent contacts had been mainly used for the implementation of the loan agreement under the tied aid. However, the loan hasn’t been…
DetailsPresident of Kyrgyzstan Almazbek Atambayev announced that Russian military base would be closed after the current contract expires. “Kyrgyzstan should rely only on its own military forces, not Russian, American or any other country’s”, the president said during a press conference. “We should build our own army”, Atambayev said. “The last five years have shown…
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