Public 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…Details
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Ukrainian 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…Details
Ukraine’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…Details
Ukraine 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…Details
Ukraine 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…Details
Turkmenistan’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
The volume of trade turnover between Moldova and Romania over 8 months of 2016 amounted to $873.06 million of which the Moldovan export equaled $344.92 million, and the Romanian import – to $528.14 million. In Romania’s trade with the countries outside the European Union, Moldova ranks the 4th place in export terms (purchase of Romanian…Details