The forecasts for 2016/2017 oilseed production in Black Sea countries did not change substantially in the October USDA report. The adjustments only concerned Russia. So, after another cut a month ago, the soybean output forecast for Russia was raised to 3 MMT (up by 300 KMT from the previous estimate). Also, the USDA report presents…Details
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The number of unprofitable banks in Ukraine in January-September decreased to 35 out of 100 operating banks, while in 2015 loss was recorded at 41 banks, in 2014 – at 52 banks. According to the website of the National Bank of Ukraine (NBU), the overall balanced loss in the banking system of the country in…Details
The Agrarian Policy and Food Ministry of Ukraine suggests introducing the post of agricultural attaches, who will deal with the establishment of trade representations in the regions, which are of major interest for the exporters. “Ukrainian agrarian sector provides today for 40% of export earnings of the country. In order to boost the export of…Details
New deputy director general on business support at Turkish petrochemical complex Petkim has been appointed, according to a message posted on the website of the Public Disclosure Platform. Under the decision of the Board of Directors, Khalig Mustafayev has become the new deputy director general on business support. It is the new position in Petkim’s…Details
The Moldavian company Trans Cargo Terminal LLC, a subsidiary company of the group Trans-Oil, will double its capacities of grain exports through the Giurgiulesti International Free Port, the Ministry of Economy of the Republic of Moldova declared. Trans Cargo Terminal LLC completed its construction project of the terminal expansion for grain exports from the port.…Details
The Malaysian government will study the possibility of its companies’ participation in the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, Prime Minister of Malaysia Najib Razak said. Razak made the remarks following the negotiations with the President of Turkmenistan Gurbanguly Berdimuhamedov, who recently went to Kuala Lumpur on an official visit, according to the message.…Details
A modern technology called horizontal directional drilling (HDD) has been used for ensuring the crossing of the Trans-Adriatic Pipeline (TAP) through Albania’s Seman river, which is another first for the country, said the message on TAP’s website. In November TAP began complex work for crossing an approximately 1.1 km stretch in the Albanian region of…Details