Mustard production in the fat-and-oil sector hit a three-year high of 1.046 KMT in December 2016. It exceeded 1 KMT for the first time. 2016 appeared a make-or-break year for the Ukrainian mustard market: its two-year shrinkage was reversed. Overall mustard production reached 7.696 KMT in 2016, or up by 11% YoY (6.939 KMT) and…Details
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This year the Belarusian automobile engineering company MAZ will start making Euro-6 compliant trucks for the European market, representatives of the company reported. The Belarusian automaker intends to sell new dump trucks, chassis, and truck tractors with various wheel formulas (4×2, 6×4, and 8×4) to the European Union. The trucks will be powered by Mercedes-Benz…Details
Aiyl Bank issued loans in the amount of 90 million soms to 190 farmers, Chairman of the Board of Aiyl Bank OJSC Murat Akimov said today at a meeting of Onuguu-Progress faction. However, the parliamentarians said that not all farmers could take loans. According to the deputy Tazabek Ikramov, his friend couldn’t get the money.…Details
According to the Statistics Committee of the Republic of Kazakhstan, farms of all types held 13.12 MMT of cereals and pulses as of February 1, up by 12.1% YoY. Wheat inventories increased by 8.4% YoY, to 10.75 MMT, including 8.73 MMT of milling wheat, 596.1 KMT of feed wheat and 1419.1 KMT of wheat for…Details
In January-February the seaport of Azov handled 738,000 tons (up by 1.2% YoY), the port Harbor Master Vladimir Bragin declared. In the reporting period, transshipment of oil products grew by 4.9%, to 114,000 tons, coal – by 14.8%, to 102,000 tons. Transshipment of grain declined by 2.8%, to 473,000 tons. In January-February internal turnover of…Details
A new 48 billion-tenge bypass road will be built in Karaganda. As region’s deputy akim Sabit Ospanov said during a session of Karaganda maslikhat, the road was aimed at improving road situation in the city. “Bypass road will improve road safety. It will be designated to let through transit transport on the Center-South direction. Therefore,…Details
Mission of the International Monetary Fund (IMF), which is now in Baku, discussed the current situation in the banking sector with leading Azerbaijani banks, head of the Azerbaijan Banks Association (ABA) Zakir Nuriyev reported. The sides discussed the decisions made by the regulator – Azerbaijan’s Financial Market Supervisory Authority – on stabilization of the situation…Details