The European Commission updated the European Union Air Safety List, removing all Kazakh airlines from it. “Today the European Commission updated the EU Air Safety List, the list of airlines that do not meet international safety standards, and are therefore subject to an operating ban or operational restrictions within the European Union. All air carriers…
DetailsOver the 9 months of 2016 the sales volume in the electronic communications sector of Moldova contracted by 3% to MDL 5,047,200,000. In particular, in Q3 the total sales volume on the markets of mobile telephony, broadband Internet access, fixed telephony, fixed Internet access, audio-visual retransmission, etc. amounted to MDL 1 billion 722.1 million, down…
DetailsAccording to the official customs statistics, in July-November Ukraine exported 34.2 thousand tons of organic wheat, up by 22% YoY. In the current season Germany (30% of the general volumes), the United Kingdom (22%), the Netherlands (15%) and Italy (14%) became the main countries-importers of the Ukrainian grain. In the reporting period Ukraine shipped organic…
DetailsThe National Bank of Ukraine (NBU) has retained refinancing rate at 14%. The bank has announced its decision to conduct the more moderate monetary policy to curb inflation consequences of the increase of the minimum wage to 3,200 UAH a month. The central bank said that the decision on the size of the discount rate…
DetailsGovernment is to examine an opportunity of revising the contract on concession of the Chisinau airport and lifting the airport modernization charge of EUR 9 per passenger. These are the recommendations included in the resolution Parliament has adopted following the hearing of the report by the investigatory commission on the concessionaire’s compliance with the contract…
DetailsCooler-than-usual weather with precipitation was observed from November 28 through December 4. The average weekly air temperature in Moldova was -1.3 to +0.1 degrees C, or 1-2.5 C below normal. Air temperatures bottomed out at –9 C. Minimum soil temperature at the tillering node (3-cm depth) in winter crops was –1 to +1 C, or…
DetailsUkrainian producers exported 335,250 tons of sugar worth $166.8 million for the 11 months of 2016. “In January-November Ukrainian producers exported 335,250 tons of sugar worth $166.8 million, having tripled the last year results. This significant growth is primarily reasoned by the favorable situation on the world market, as the devaluation of the national currency…
DetailsSeveral Lithuanian universities and colleges offer identical or similar study programs, but the graduates end up being on different rungs of the ladder after the graduation, career opportunities-wise and in terms of the wage. Having analyzed more than 70 study programs and specialties, Lithuanian magazine Reitingai (Ratings) has compiled the country’s Almae Matres, gauging the…
DetailsThe Islamic Corporation for the Development of the Private Sector (ICD) supports the economic reforms realized in Azerbaijan, Khaled Al-Aboodi, CEO and director general of the ICD, said. “We are ready to improve the quality of the goods produced in the country and to provide entrepreneurs with access to new technologies and markets. We are…
DetailsKazakhstan took the third position in Asia by the areas of organic farming, which exceeded 300 thousand ha, the Deputy Director of strategic planning and analysis department at the Ministry of Agriculture of the Republic of Kazakhstan Timur Nurashev declared. According to him, the general exports of organic products from Kazakhstan totaled nearly $10 million.…
DetailsUkraine produced 10.8 KMT of mayonnaise in October, up b 1.1 KMT (11%) MoM. At the same time, its production contracted by 0.6 KMT (5.3%) YoY (11.4 KMT). In total, the fat-and-oil industry has produced 99.8 KMT of mayonnaise in 2016 against 100.8 KMT at the same time last year (down by less than 1%).…
DetailsThe Ukrainian banking sector continues to face challenges in credit growth due to the burden of unresolved problem loans and solvency issues, Fitch Ratings has said in a press release referring to its report “Ukrainian Banks Dashboard 3Q16.” “We expect sector performance to remain under pressure from high provisioning needs, while solvency recovery is likely…
DetailsNational energy company Ukrenergo has divided power lines for exporting electricity to Europe into separate lots (to export electricity to Hungary, Romania and Slovakia) in line with the sector rules, the press service of Ukrenergo has reported. “The Burshtyn TPP Island (Ukraine) – Hungarian, Slovakian and Romanian power grids mentioned in the letter of the…
DetailsAccording to Bulgarian Ministry of Agriculture, as of November 24, 419 thousand ha of corn were threshed, 99.1% of the plan (423 thousand ha). 2209.5 KMT were harvested with the average yield of 5.27 MT/ha. Pace of harvesting is 1.8% higher than in 2015. On the reporting date, average corn yield was 3.9% higher than…
DetailsLast week Ukrainian market of crude sunflower oil faced the bullish trend, due to a similar price trend on the export market of the product.
As of December 8, the bid prices for sunflower oil in Ukraine mainly varied within the range of 21`500-21`800 UAH/ton EXW, up by nearly 200 UAH/ton WoW. (APK-Inform/Business World Magazine)
The European Union (EU) has allocated 14.5 million euros for Azerbaijan as part of the program on the country’s regional development, the Azerbaijani Economy Ministry said. The agreement, signed during the meeting between Azerbaijan’s Economy Minister Shahin Mustafayev and EU Ambassador to Azerbaijan Malena Mard, envisages twinning and technical assistance, creation of an information system…
DetailsAs from December 10, currency exchange offices of Moldova are entitled to change exchange rates twice within a working day provided it lasts more than 12 hours. The relevant resolution of NBM has come into effect. In line with the resolution, currency exchange offices of Moldova working up to 12 hours a day can change…
DetailsDue to unfavorable weather conditions during the harvesting campaign of oilseeds in Ukraine in the current year, the average moisture content of sunflower seed varied within the range of 12-20%, and in a few cases it even reached 30%. Of course, agrarians faced additional costs for oilseed drying, so many elevators in Ukraine were almost…
DetailsUkrainian Ambassador to Pakistan Volodymyr Lakomov said that Ukraine wanted to transfer its agro-science knowledge to Pakistan to develop the sector and further boost collaboration in the field. The ambassador said that Ukraine was one of the largest grain producers having great experience in this field and wanted to promote agriculture sector as Pakistan was…
DetailsThe government of Belarus and the Russian state corporation “Bank for Development and Foreign Economic Affairs” (Vnesheconombank) plan to sign a memorandum of understanding to set up an integration development platform. The relevant decision is laid down by Council of Ministers’ executive order No. 994 of December 5. The document will be signed to promote…
DetailsOver the past year, a small consumer price increase has been registered in Estonia – from November 2015 to November 2016 the country’s consumer price index has risen by 1%. Statisticians evaluate that the key factors behind this have been more expensive fuel, alcohol and tobacco. Compared to November 2015 last month goods were 1.2%…
DetailsThe European Union will provide EUR 25 million more in 2017 and 2018 for decentralization reform. Last month EUR 23 million was sent to the Ukrainian budget, Sector Manager of Regional and Local Development in the Delegation of the European Union (EU) to Ukraine Dominik Papenheim said. The EU anticipates that the funds will be…
DetailsAccording to the official customs statistics, in October-November Ukraine exported 36.7 thousand tons of malting barley (12.4 thousand tons and 24.3 thousand tons respectively), which significantly exceeded the general figures for six previous seasons (29 thousand tons). At the same time, Poland purchased nearly half of the exported volumes, while Romania and Belarus imported nearly…
DetailsBy 2021 Kazakhstan plans to have put 610 thousand ha of irrigated farmland into circulation, the Chairman of the Committee for water resources at the Ministry of Agriculture of Kazakhstan Islam Abishev declared. In the nearest 5 years Kazakhstan plans to restore the irrigation systems of regular irrigated agricultural areas throughout the areas of 610…
DetailsDCH Group of Oleksandr Yaroslavsky has suggested creating an international consortium to acquire PJSC Odessa Port-Side Chemical Plant, the press service of the group has said. “Despite the fact the tender to sell a stake in Odessa Port-Side Plant, scheduled for December 14, failed, DCH Group confirms its interest in the acquisition of the asset.…
DetailsMilling wheat continued rising in price on the domestic market on active purchases. Export prices for 11.5%-protein wheat in Bulgaria stay at $176-179 FOB for December-January delivery. Growing demand for Bulgarian wheat is observed from beyond the European Union. Overall, traders substantially increased export shipments of wheat this season. In the first five months of…
DetailsUkraine imported 6.656 million tons of fuel (petrol, diesel fuel, boiler oil, jet engine fuel, and others, which have FEACN code 2710) to the tune of $2.908 billion January through November, including $392.16 million in November. Fuel from Belarus was imported to the tune of $1.626 billion, from Russia – $458.085 million, Lithuania – $318.76…
DetailsThe austerity policy realized in Baltics during the crisis has resulted in some of the lowest budget deficit and debt levels in the European Union. However, Baltics are part of the six EU member states, which includes Luxembourg, Denmark and Slovakia, which are able to fulfill all Maastricht criteria. “Baltic States have managed to demonstrate…
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