PJSC Motor Sich in January-September decreased consolidated net profit under international financial reporting standards (IFRS) by 25.72% YoY, to 1.884 billion UAH. According to a company report posted in the information disclosure system of the National Commission on Securities and the Stock Market, its consolidated net income for the reporting period decreased by 28.28%, to…
DetailsAccording to operative data of the customs statistics, in July-September Ukraine supplied 10.659 million tons of grains to foreign markets. In particular, the export volumes of wheat reached 6.764 million tons, barley – 3.196 million tons, corn – 642 thousand tons, oats – 14 thousand tons, and other grains – 43 thousand tons. The potential…
DetailsAccording to the State Statistics Service, in January-September India imported the largest volumes of Ukrainian agricultural food products in monetary terms – more than 9% of the general export volumes (valued at $959 million), the Deputy Director on scientific work at the National Scientific Center “Institute of agrarian economy” Nikolai Pugachev declared. According to him,…
DetailsMore than 400 archaeologists and archaeological workers are estimated to have been employed by TAP project in by the time its construction has concluded in Greece, said the website of TAP. Implementing its commitment to protecting Greek tradition and cultural heritage, TAP has announced that its Engineering, Procurement and Construction (EPC) contractors are currently employing…
DetailsIn the course of the auction held by Azerbaijan’s State Committee on Property Issues on October 25, 31 state property units have been sold as part of a new privatization program. Three lots put for privatization were joint-stock companies, 16 were small state enterprises and properties, three – unused non-residential areas and the remaining nine…
DetailsMinsk will play host to the meat industry forum on October 27-28. Such information is posted on the website of Belarus’ Agriculture and Food Ministry. Experts will discuss topical issues of the industry and the ways to improve the quality of meat products and expand exports. The forum, which will be held on the initiative…
DetailsIn 2015/2016 total exports of Kazakh wheat reached 3.57 MMT, up by 11.5% YoY (3.2 MMT in 2014/2015). Key importers of the season traditionally were Uzbekistan and Tajikistan. Exports in the destination of Iran tripled to 290 KMT. Exports doubled in the destination of China – to 283 KMT against 126.4 KMT in 2014/2015. EU…
DetailsAzerbaijan and Croatia have much greater potential for cooperation, head of Croatian Chamber of Economy Luka Burilovic said during his trip to Azerbaijan. “When we talk about the bilateral relations between Azerbaijan and Croatia, it is important to say that even though Croatian companies are not unknown to this market and their Azerbaijani counterparts, our…
DetailsHigh competitiveness of Ukrainian products is one of the obstacles to all Ukrainian goods entering European Union markets, Minister of Agricultural Policy and Food of Ukraine Taras Kutoviy has said. “Our products in Europe are too competitive. The cost of production is low, and Europe puts up barriers to keep them out. We do it…
DetailsLast week cold weather regime in Bulgaria changed to multiyear norm for the given period. Winter crops vegetation continues at a moderate pace. Rains observed during October 11-21, considerably replenished soil moisture stocks in 50 cm soil layer. In the major parts of the country moisture level in the upper soil layer exceeds 75-80%, which…
DetailsBelarus’ trade turnover with Poland grew by 10% in January-August, the Belarusian government said in a press-release following the latest meeting of the Belarusian Prime Minister Andrei Kobyakov and Poland’s Vice Premier Mateusz Morawiecki. While meeting with the Polish vice premier, Kobyakov suggested that the parties should go further than just expanding export/import transactions and…
DetailsAzerbaijan calls on Croatian companies to invest in the country’s agriculture, tourism, IT and chemical industry, Rufat Mammadov, head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), said. He added that favorable conditions had been created in Azerbaijan for making investments, as well as for activity in industrial and technology parks. “Tourism sector is…
DetailsUTair Aviation announces the launch of new routes from St. Petersburg to Munich, Samara and Mineralnye Vody. Flights from St. Petersburg to Munich will start on October 30, from Pulkovo International Airport on Fridays, Saturdays and Sundays. Departures from St. Petersburg are scheduled at 15:30 and departures from Munich at 17:10, all times local. Munich…
DetailsThe U.S. Agency for International Development (USAID) has launched the program ‘Decentralization Offering Better Results and Efficiency’ (DOBRE), with a budget of $50 million, in Ukraine, U.S. Ambassador in Kyiv Marie Yovanovitch said. The program will help 75 united communities in seven Ukrainian regions, she said at the opening ceremony for the DOBRE program in…
DetailsThe issue of state-owned ports assignment to private investors has been discussed in Ukraine for several years, but it was not clear which pattern of interrelation with private investors the state will choose – privatization or concession, or perhaps something else. However, it was clear that something had to be done. Many market participants tend…
DetailsIn January-August Ukraine exported $9.1 billion worth of agricultural products, amounting to 40.1% of the total national exports within this period. “The leaders of the structure of agricultural exports are: crops ($3.6 billion), prepared food products ($1.4 billion), seeds and fruit of oil plants ($0.7 billion), and residues and waste from the food industry ($0.6…
DetailsThe share of sunflower oil in the structure of Ukrainian vegetable oils production is nearly 96%. In this regard, it’s logical that the majority of population prefers sunflower oil. It should be noted that total consumption of vegetable oils by population of Ukraine has decreased over the past year. Statistics show that in H1 the…
DetailsLast week Verkhovna Rada approved of the budget in the first reading session. During the two weeks the government should take into consideration the proposals of all the deputies and introduce the document to the Parliament in the course of the second reading session. The budget can be finally adopted in the second session or…
DetailsLast week milling wheat prices kept growing, mainly supported by increased CBOT wheat futures and strong demand from key importers.
Export prices for Ukrainian milling wheat with 11.5% protein have increased by 8% over the past month. Prices strengthened by $5 during the previous week. (UkrAgroConsult/Business World Magazine)
Ukrainian farmers continue to harvest sunflower. As of October 24, 5171.1 thousand ha had been threshed, or 87% of the intended area – 5916.2 thousand ha, up by 6.5% YoY (4856 thousand ha). 11341.3 KMT had been obtained with the average yields of 2.19 MT/ha, which is all-time high for Ukraine. On the same date…
DetailsUkraine International Airlines offers passengers of charter flights to take advantage of a vast selection of additional travel options. Effective as of October 24, when booking tickets at travel agencies passengers of all UIA charter flights are provided with an opportunity to purchase the following additional services: – Pre-paid Baggage: UIA offers passengers who would…
DetailsLemtrans freight forwarding company transported 44.6 million tons of various cargoes from January through September. The company carried 46.5 million tons over the same period in 2015. Lemtrans shipped 17.9 million tons of coal (versus 20.5 million tons YoY), 15.1 million tons of iron ore products (16.4 million tons), 5.6 million tons of ferrous metals…
DetailsIn the first quarter of 2016/2017 MY, PJSC State Food and Grain Corporation of Ukraine shipped 15.1 thousand tons of flour to foreign markets, up by 6.4 thousand tons YoY, the Director of the department of elevator operations and finished products sales at PJSC SFGCU Gennady Gordienko declared. Provision of demand for grain by-products is…
DetailsIn January-September Ukrainian flour milling enterprises produced 1.392 million tons of flour, down by 5.6% YoY, the State Statistics Service of Ukraine declared. In particular, the production volumes in September totaled 181 thousand tons, up by 2.8% MoM and down by 3.2% YoY. In January-September the production volumes of crude sunflower oil in Ukraine totaled…
DetailsThe European Union (EU) is ready to pay attention to the protection of rights of households as part of the provision of technical assistance to Ukraine in reforming the energy market, Secretary of Competitive Policy and Energy Markets at the Delegation of the European Union to Ukraine Jose Manuel Hernandez has said. At the discussion…
DetailsOn October 22, Ukraine imported record-breaking 42.016 million cubic meters of natural gas from Slovakia, according to the data from public joint-stock company Ukrtransgaz. The previous highest figure for imports from Slovakia in the 26-month history of gas imports from this country was recorded in October: 41.859 million cubic meters on October 21, and 41.627…
DetailsAzersun Holding and other big Azerbaijani companies will participate in the first International Fruit and Vegetable Fair in Tashkent, to be held on November 8-10, Jahangir Aminov, adviser to the Uzbek ambassador to Azerbaijan, said. He added that the contracts for the supply of fruit and vegetables from Uzbekistan to Azerbaijan were planned to be…
DetailsAzerbaijan’s President Ilham Aliyev has signed a decree on application of the “Law on Amending Tax Code of Azerbaijan” adopted by the country’s parliament on September 30. The amendments stipulate removing the value added tax (VAT) for the goods transshipment services directly related to transit cargo transportation. The VAT rate in Azerbaijan is 18%. Currently,…
DetailsAzerbaijan Caspian Shipping CJSC has launched Shahdag ferry for traffic on the Trans-Caspian International Transport Route, the CJSC said in a message. The message says that the ferry has been launched after a major overhaul. Main and auxiliary engines, various systems, steering wheel and other mechanisms, as well as premises and accommodation were modernized during…
DetailsA major project is being implemented in order to improve reliability of power supply of Ashgabat city. Dozens of modern transformer substations have been built within this project, including 5 substations with voltage of 220 kV, 22 substations with voltage of 110 kV and 29 substations with voltage of 35 kV. As many as 140…
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