In 2016 the profitability of agricultural production is expected to reach 41.8%, down by 3.8% YoY, the Director of the National Scientific Center “Institute of Agrarian Economics” Academician of the NAAS Yuri Lupenko declared. In particular, the level of profitability in plant growing commodities production will decline by 1.7% YoY, to 48.9%. The profitability of…
DetailsThe necessity to additionally capitalize state-run banks will be established after assessing their credit risks in line with the resolution of the National Bank of Ukraine (NBU) No. 351 on the approval of the procedure for determining credit risks under active bank transactions by banks that was recently endorsed, Deputy Finance Minister Yuriy Butsa has…
DetailsTurkmenistan’s President Gurbanguly Berdimuhamedov held a working meeting on preparations for the first Global Sustainable Transport Conference to be held on November 26-27 in Ashgabat, the Turkmen government said in a message. He said that in modern conditions the cooperation in the transportation and communications sector gained special importance as an essential factor of global…
DetailsIn January-September Kazakhstan exported 5.2 million tons of grains including flour in grain equivalent, the expert of the department of plant growing products growing and processing at the Ministry of Agriculture Sagintay Zhumazhanov declared. In 2015 Kazakhstan supplied 7 million tons of grains and flour to foreign countries. The list of traditional importers of Kazakh…
DetailsTurkmenistan is committed to constructive cooperation in the Caspian Sea region, the Turkmen government said quoting the country’s President Gurbanguly Berdimuhamedov. The head of state noted the importance of consolidating efforts to work out balanced decisions on the Caspian Sea issues, including those related to the strengthening of the legal and contractual basis designed to…
DetailsThe next meeting of the Turkmenistan-Latvia intergovernmental commission on economic, industrial, scientific and technical cooperation will be held in Riga, the Turkmen government said in a message. During the meeting it is planned to discuss the opportunities of expanding the cooperation in transportation and communication sector, in the spheres of agriculture, construction, healthcare, as well…
DetailsThe Uzbek Acting President Shavkat Mirziyoyev and Turkey’s President Recep Tayyip Erdogan discussed the development of a “roadmap” for expanding the Turkey-Uzbekistan cooperation during the talks in Samarkand on November 18. The two leaders discussed the prospects of the Uzbekistan-Turkey cooperation development and exchanged views on the important regional and international issues. Shavkat Mirziyoyev and…
DetailsRussia’s oil company LUKOIL attracted a straight loan of $500 million from a consortium of banks in order to finance the project on development of the Gissar gas and condensate fields in Uzbekistan, LUKOIL said in a message. The consortium includes Intesa Sanpaolo Bank Luxembourg S.A. (Luxembourg), Natixis (France), Mizuho Bank Ltd. (Japan), UniCredit S.p.A.…
DetailsThe Azerbaijani state oil company (SOCAR) has increased the number of its filling stations in Romania to 35, the company said in a message. SOCAR commissioned another filling station under the SOCAR brand name in the Romanian Ilfov County, according to the message. “This station has become the second one in the county. Three counters…
DetailsNorwegian energy companies are interested in entering the Azerbaijani market, Norwegian ambassador to Azerbaijan Bard Ivar Svendsen reported. “Norwegian energy companies have a great interest in Azerbaijan”, he added. “Norwegian companies, which have not started to work in Azerbaijan yet, but considering such an opportunity, appeal to us almost every three months”. He said that…
DetailsLifan 820 Premium car, produced at the Nakhchivan automobile plant (NAZ), was presented in Baku on November 20. “NAZ presents new Lifan models to the customers every year”, Polad Sadikhov, deputy director of the plant, reported. “This is the newest premium car produced at the plant”, he added. “The car with a 2.4-liter engine, six-speed…
DetailsSunmeal exports from Ukraine totaled 142.0 KMT in September against 85 KMT in August and 139 KMT in September 2015. Analysts expect Ukraine’s overall 2016/2017 sunmeal export to reach at least 4400 KMT. The range of export destinations did not change substantially in September. As before, the top buyers of Ukrainian sunmeal are European countries…
DetailsIran’s Minister of Communications and Information Technology Mahmoud Vaezi will visit Azerbaijan, Shahin Mustafayev, Azerbaijani minister of economy, said. Mustafayev made remarks at the meeting with Iranian ambassador to Azerbaijan Javad Jahangirzadeh. “The issues of mutual interest will be discussed during the visit”, the minister said. Mustafayev and Jahangirzadeh also discussed the issues to be…
DetailsUkraine’s Infrastructure Ministry has announced the start of the infrastructure projects contest. “The Infrastructure Ministry with the help of the reform support group has announced the start of the infrastructure projects contest. This means that any region, city, town or rural community could submit an application to look for an investor to implement projects in…
DetailsAccording to the November balance sheets by NGO “Economic discussion club”, coordinated by the Interdepartmental working group under the Ministry of Economic Development of Ukraine, in September-October of 2016/2017 MY the export volumes of sunflower oil from Ukraine totaled 706 thousand tons. The general export volumes of sunflower oil in the current season are forecast…
DetailsThe program of the International Monetary Fund (IMF) provides not only cash, but is also aimed at increasing the economy’s sustainability in Ukraine. Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Solohub explained that this is why tapping international financial markets should not be a replacement for the IMF’s reform program, although “in…
DetailsIndustrial Milk Company (IMC) saw a 17.1% YoY fall in net profit in January-September 2016, to $16.69 million. According to a company report on the Warsaw Stock Exchange (WSE), its revenue fell by 19.9%, to $80.25 million. Taking into account the published data for H1 2016, the company saw $2.07 million of net loss in…
DetailsAll the accumulation of money from oil sales of Azerbaijan and also spending are transparent and internationally audited, Azerbaijan’s President Ilham Aliyev said during a meeting with a group of participants of the 5th News Agencies World Congress in Baku. “Oil, of course, is a big asset. But it depends on how you take advantage…
DetailsEU farmers will keep soft wheat area the same for the 2017 harvest despite the depressant of weak prices, Strategie Grains said, citing a limited switching of land to rapeseed instead. The influential analysis group in its first detailed forecast for EU cereals sowings for next year’s harvest pegged soft wheat area at 24.3 million…
DetailsDanosha company will invest next year in equipment that will enable producing soybean oil and cake right at the plant. Over the recent years, soybeans have been sown in the test mode to check out if the local conditions are suitable for this crop. In late October Danosha finished soybean harvesting with a yield of…
DetailsThe Swiss company Risoil S.A. declared its readiness to continue investing in construction of a grain terminal in SE Commercial Sea Port of Chernomorsk, the press-service of the company reported. In 2014 the company started construction of a grain terminal Risoil Terminal. In March the terminal was put into operation, and Risoil launched the first…
DetailsAccording to the Ministry of Agriculture, as of November 10, 759.9 thousand ha of sunflower had been threshed, or 99.9% of the plan. 1699.7 KMT had been threshed with an average yield of 2.24 MT/ha. Soybean had been threshed from 14.4 thousand ha, or 99.3% of the harvested area (14.5 thousand ha). 18.6 KMT of…
DetailsRepresentatives of Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan met in Ashgabat to discuss a draft protocol on cooperation in safety of shipping in the Caspian Sea. The agreement creates a legal basis for cooperation between the parties in the fight against terrorism, organized crime, arms and drugs trafficking, smuggling, human trafficking, illegal immigration, as well…
DetailsAzerbaijan will supply 500,000 bottles of wine to China, the Economy Ministry said. The ministry said that the agreement on the supply was reached during the visit of an export mission of Azerbaijani entrepreneurs to Hong Kong and Guangzhou on November 9-15. During the visit, the Azerbaijani entrepreneurs took part in two international exhibitions of…
DetailsTotal production at the Azeri-Chirag-Deepwater Gunashli (ACG) was on average 644,000 barrels per day (b/d) (over 176 million barrels or 24 million tons in total) in January-September, same as in January-September 2015, BP Azerbaijan has said. According to the BP Azerbaijan report, 53,000 b/d of that volume accounted for Chirag platform, 149,000 b/d – Central…
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