Russian banks have slowed down their activeness in Kazakhstan. The total loan portfolio of Kazakh subsidiaries of Russian banks decreased by 154 billion tenges, or by 11% since the beginning of 2016. The loan portfolio of Russian banks in Kazakhstan is reducing faster than the loan portfolio of other banks – the total loan portfolio…
DetailsMaintaining safe gas transit through Ukraine, expansion of cooperation with gas suppliers that are alternative to Russia are priorities for Germany, Minister of State for Europe at the German Federal Foreign Office Michael Rothousand has stated. “Russia will continue to play an important role as a gas supplier. It is expected that Germany in the…
DetailsLast week air temperature fluctuated within +5..+15 degrees C with maximum reaching +20 and minimum lowering to -2. 5-10 cm soil layer warmed to +4-14 C in the daytime. Light rains were observed across the whole territory Romania (5-15 mm over the week). In the North-Eastern regions, where summer drought was severe, soil moisture stocks…
DetailsPrivate business companies of Poland are looking forward to the removal of barriers to trade with Belarus. Ryszard Zarudzki, Poland’s First Deputy Minister of Agriculture and Rural Development, made a statement to this effect while presenting the program “Flavors of Europe: Quality and Traditions” on November 8. In his words, Poland has been witnessing a…
DetailsThe 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…
DetailsThe 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…
DetailsThe 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…
DetailsNew 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…
DetailsThe 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.…
DetailsThe 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.…
DetailsA 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…
DetailsOn November 9, the government of Moldova approved of several changes to the ways of importing oil products through the Eastern border of the Republic of Moldova, in other words through the separatist region of Transnistria. Thus, the Customs Office will allow until December 31, the imports of oil products coming through Novosavitskaya-Cuciurgan checkpoint and…
DetailsThe UK’s air carrier British Airways has closed down its representative office in Azerbaijan. Creditors may submit their claims within two months to: Hyatt Tower-2, 8, Izmir Street, Yasamal district, Baku, Azerbaijan. British Airways suspended flights on the London-Baku route and vice versa from May 1. The last flight on the London-Baku-London route was implemented…
DetailsRevenues in the sugar segment of Astarta amounted to EUR 100 million (46% of consolidated revenues). Sugar sales volumes corrected by 11% to 237 thousand tons on the advancing market. Almost 45 thousand tons of white sugar (19% of aggregate sales) was exported. Eight Astarta sugar plants had processed nearly 2 million tons of sugar…
DetailsAs of November 8, winter crops had been sown at 6844 thousand ha, or 93% of the forecast area – 7374 thousand ha. This included 5836 thousand ha of winter wheat and triticale – 94% from the planned (5573 thousand ha in 2015), 157 thousand ha of rye – 106% (144 thousand ha in 2015),…
DetailsAzerbaijan plans to organize an export mission to Egypt in 2016, Rufat Mammadov, head of Azerbaijan Export and Investment Promotion Foundation (AZPROMO), reported. Mammadov recalled that currently, the export mission of Azerbaijani entrepreneurs was in China, and the mission to Dubai, the UAE, would be organized until the end of 2016. “Entrepreneurs, who will visit…
DetailsIn 2015/2016 Kazakhstan exported 2157 KMT of flour, up by 27% YoY. The key importer of the last season was Afghanistan, doubling purchases to 1174 KMT flour against 660 KMT in 2014/2015 and accounting for 54% in the total flour export structure against 39% in 2014/2015. Uzbekistan also increased purchases but not essentially (+4%). Exports…
DetailsThe Ministry of Economic Development and Trade of Ukraine forecast some decline in the general agricultural production in the country in 2016 – by 0.2% (+/- 0.3%) YoY, in terms of the positive dynamics in plant growing industry, and negative dynamics – in animal husbandry, the press-service of the ministry declared. According to the announcement,…
DetailsDuring the last week of October average daily air temperature was 1-7 degrees lower than the norm with minimum lowered to -0.5 C in the Western regions during the night, and to -10 C in the Central, in the Southern and eastern regions – – 4-8 C. Soil surface cooled to -6-10 C. Precipitation of…
DetailsAnnual capacity of seaports in Saint-Petersburg and the Leningrad region is to be increased to 395 million tons by 2030, up 3by 8% against the year of 2015. The growth is foreseen by the strategy for the development of transport system in Saint-Petersburg and the Leningrad region presented. Dry cargo capacity of the seaports is…
DetailsAs of November 1, cargo traffic within the Azov-Don Basin of Russia’s inland water ways climbed by 14.4%, YoY, to 9.232 million tons, the Administration of Azov-Don Basin says. In the reporting period, transportation of heavy fuel oil fell by 0.5% to 2.804 million tons; sulfur went up by 15.2% to 1.373 million tons; diesel…
DetailsPublic joint-stock company Ukrgazvydobuvannia seeks to invest $3 billion to purchase and modernize drilling rigs by 2020, as well as to attract external contractors to carry out the works at the company’s fields, Ukrgazvydobuvannia Head Oleh Prokhorenko has said. “We assess drilling at $3 billion by 2020. This includes modernization of equipment and works”, he…
DetailsUkrainian farmers are completing sunseed harvesting. As of November 8, they gathered sunseed from 5716 thousand ha or 97% of the intended area (5916.2 thousand ha), up by 14.5% YoY (4992 thousand ha). Farmers obtained 12752 KMT of sunseed with the average yield of 2.23 MT/ha, which is all-time high for Ukraine. In 2015 farmers…
DetailsUkraine’s Cabinet of Ministers has approved of new increased minimum alcohol prices, in particular, the floor price of a half-liter bottle of vodka was increased from 54.90 to 69.78 UAH. “The revision was required as prices set since September 2015 have not met real expenses of producers”, Deputy Prime Minister and Economic Development and Trade…
DetailsUkraine in January-October 2016 imported coal and anthracite valued at $1.17 billion, in particular $129.084 million in October. According to the State Fiscal Service, Russia supplied $742.938 million worth of coal, the United States – $168.547 million, Australia – $73.348 million, other countries – $184.879 million. The total volume of coal delivered to the country…
DetailsUkraine in January-October exported electricity valued at $123.288 million, in particular $9.003 million in October. According to the State Fiscal Service, electricity delivered to Hungary amounted to $93.734 million, to Poland to $29.199 million, Moldova to $347,000, other countries to $7,000. In addition, in January-October Ukraine imported $3.006 million worth of power from Russia, and…
DetailsTurkmenistan’s investment policy is aimed at drawing foreign capital, Turkmen President Gurbanguly Berdimuhamedov said in a message addressed to the participants of the eighth International Investment Forum. According to the message, the main task of the investment forum is to diversify and increase the competitiveness of local economy and introduce innovative technologies in the industry.…
Details