In 2016 Moldova will decrease the harvest of sunflower seed by 30-40% compared with the previously expected indices, due to weather conditions, the Ministry of Agriculture and Food Industry of Moldova declared. Agrarians noted that the oilseed yield dropped below 2 tons/ha, while the previously expected level totaled 3.5 tons/ha. July drought and heat became…Details
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The CIS financial and economic forum will take place in Minsk in October, head of the CIS election observation mission Sergei Lebedev said. “The financial and economic forum will be held as part of the meeting of the CIS Heads of Government Council in Minsk. Almost every member state expressed its readiness to take part”,…Details
In Kazakhstan oilseeds planted area for 2016/2017 crop increased to 2118 thousand ha compared to 2101 thousand ha last year. Planted area approached the 2014/20015 season’s level, when the acreage reached all-time high at 2413 thousand ha. Despite rains, weather conditions allowed farmers to conduct seeding within optimum time. (UkrAgroConsult/Business World Magazine)Details
National Iranian Oil Company (NIOC) has signed oil contracts with a range of companies, including Russian oil producer Lukoil. Other companies included OMV, Total and Pertamina. Earlier in August, Russian ambassador to Iran Levan Dzhagaryan said Lukoil was considering development of two deposits near the Iranian city of Ihvaz. (Prime/Business World Magazine)Details
Belarus’ move to adopt International Financial Reporting Standards (IFRS) and clarifications on January 1, 2017 will contribute to increasing the transparency of Belarus’ corporate sector for investors and creditors, Pavel Laschenko, EY Belarus Managing Partner, believes. The IFRS standards will acquire the same legal status as guidelines and provisions of the Finance Ministry of Belarus…Details
The government’s committee for economic, financial and legal policy has approved of a list of enterprises to be privatized in 2016-2017, among them are Turboatom, Electrotyazhmash, the United Mining and Chemical Company, the State Food and Grain Corporation, and a state stake in Zaporozhye Titanium and Magnesium Combine LLC. A respective draft resolution was approved…Details
Since the start of the year the Belarusian mechanical engineering company Gomselmash has delivered 150 grain and forage harvesters to Ukraine, up by 50 vehicles YoY, the First Deputy Director of the company’s regional sales department Igor Korotkevich reported. The exports mainly consisted of grain harvesters, including KZS-1218, KZS-812 that have already made a good…Details