The last two months demonstrated the Ukrainian government’s intent to prevent VAT refund amount reduction after its significant decrease in August. However, government will need from six months to a year to gain the market’s confidence. According to government’s representatives, as of October 26, the state VAT debt declined to 16 billion UAH. Experts hope…Details
The prime ministers of the GUAM (Georgia, Ukraine, Azerbaijan and Moldova) Organization for Democracy and Economic Development are due to discuss transport corridors and a free trade zone, GUAM Secretary General Altai Efendiyev reported. “Ukrainian Prime Minister Volodymyr Groysman has initiated a meeting of GUAM prime ministers in Kyiv to focus on the implementation of…Details
As of November 8, Ukrainian agrarians harvested 57.23 million tons of grains throughout the areas of 13.017 million ha, or 91% of the plan. The average yield totaled 4.4 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine reported. At the same time, on the same date last year the production volumes reached 57.7…Details
The current 2016/2017 soybean season is completely different from the past one, except for the fact that Ukraine is unlikely to obtain soybean crop higher than 4 MMT again. Each marketing year has its own characteristic features. The 2016/2017 soybean season can be characterized by the following: Planted area reduction due to low production profitability…Details
Last week milling wheat prices strengthened both on export and domestic markets supported by strong demand.
Export prices of Ukrainian milling wheat with 12.5% and 11.5% protein were still equal. They increased by another $3. (UkrAgroConsult/Business World Magazine)
A number of documents were signed in Ljubljana on November 8, in the presence of presidents of Ukraine and Slovenia, Petro Poroshenko and Borut Pahor, press secretary of the Ukrainian president Sviatoslav Tseholko has said. “Ukraine and Slovenia have signed a memorandum of understanding in energy efficiency and alternative fuels”, Tseholko wrote on Twitter. In…Details
Using Silk Road infrastructure will allow Ukrainian agricultural producers to enter the Chinese market. Advisor to Ukrainian Agrarian Policy and Food Minister Vladyslava Rutytska said this at the 2016 Ukraine Silk Road Forum in Kyiv. “Our companies obtained the right to export dairy products. These products have a very limited shelf life. So, the possibility…Details
On November 4, Ukraine International Airlines and Amadeus signed a partnership agreement, enabling UIA to drive revenue generation and growth. The parties were represented by Yuri Miroshnikov, UIA President, and Julia Sattel, Global Head of Airline IT, Amadeus. UIA has chosen the Amadeus Altea Suite, which provides the carrier with a complete Passenger Service System…Details
In January-October Russian coal exports climbed by 20.2% YoY, to 135,772,130 tons, the Ministry of Energy statistics said.
In October, coal exports totaled 14,683,100 tons.
Coal production in October totaled 33,186,500 tons (27,907,900 tons supplied). (Portnews/Business World Magazine)
A member of Russian food retailer Magnit’s board of directors, former director of its operating unit Tander Vladimir Gordeichuk is selling a 1.3% stake in the company. The price of the shares will be set during an accelerated collection of bids. UBS will act as the organizer of the deal. According to Magnit, Gordeichuk holds…Details
Enefit Energiatootmine AS (fully owned subsidiary of Eesti Energia Group) has reached a settlement with GE (including Alstom Estonia AS, GE Power Sp.z o.o and Alstom Power Systems) regarding the new Auvere power plant. The plant was due to be handed over to Eesti Energia by GE in November 2015 but acceptance has been delayed…Details
Projects in the pharmaceutical sector, the sphere of agriculture technologies and high-technology industry may accelerate cooperation between Russia and Israel and stimulate growth of mutual trade, Prime Minister Dmitry Medvedev said. At present, trade between the countries amounts to $2 billion, he said, adding that the figure had fallen by around 30% due to the…Details
In 2016 Belarus demonstrated the lowest index of rapeseed production during 8 recent years. But since the beginning of the current season, the oilseed import volumes were estimated as quite moderate, due to the higher offer prices of imported rapeseed in comparison with the Belarusian oilseed, as well as price environment of the rapeseed oil…Details
The Ukrainian government has issued fines totaling 721.236 million UAH ($28.25 million) to Russian airlines carrying out commercial services to Simferopol. Ukraine has refused to recognize Russian jurisdiction over the Crimea following the latter’s unilateral annexation of the province in 2014. As such, Ukraine has issued over 5,000 fines to Russian airlines for serving Simferopol,…Details
In 2016/2017 season export potential of the Black Sea region is estimated to overcome 105 MMT. Black Sea countries steadily take new positions in the global grain production and trade, overtaking traditional top exporters, such as USA and EU. Despite growing global consumption, grain stocks set new records, intensifying competition for the buyers. The era…Details
The Cabinet of Ministers has approved of the terms of attracting credits by business entities that are residents of Ukraine within the program to improve the country’s defense capability and security under state guarantees for a period of not less than 3 years and under not more than 19% per annum. According to cabinet resolution…Details
China is interested in placing its production at Ukrainian industrial parks and has already provided the Ukrainian side with the corresponding plan of cooperation, Vice President of the China International Chamber of Commerce Lu Jianzhong has said. “We see that the investment climate in Ukraine, as well as relations between Ukraine and China are improving.…Details
CHS Ukraine LLC is to allocate $50 million under a program for support of agricultural producers in 2017, CHS Ukraine CEO Viacheslav Kolosvetov has said. “Some $50 million has been earmarked for a joint project with Syngenta and Galnaftogaz, this amount will be allocated in spring”, he said. Galnaftogaz will supply fuel, while Syngenta will…Details
Very cold weather as for this time of year, with insignificant precipitation persisted on October 21-31. As of October 28, productive moisture reserves in the plow soil layer (0-20 cm) under winter wheat were within 14 to 35 mm in the East (against multi-year averages of 22-31 mm), 58 to 61 mm in the West,…Details
Ukraine expects that Chinese investors will help Ukraine develop future technologies, including the creation of the so-called smart cities in Ukraine. Deputy Presidential Administration Head Dmytro Shymkiv stated this during an opening ceremony of Ukraine Silk Road International Forum held in Kyiv. “We very much welcome the prospect of attracting Chinese investors to the Ukrainian…Details
Ukrainian Prime Minister Volodymyr Groysman has said that production of railway wagons for the needs of public joint-stock company Ukrzaliznytsia at Ukrainian enterprises could create up to 50,000 jobs. “We have calculated that with the needs of Ukrzaliznytsia we would provide 50,000 people with jobs if we only start producing them at the facilities of…Details
Ukraine has reported two new outbreaks of African Swine Fever (ASF) to the OIE following cases of the disease in the Kiev area. Two commercial farms located in Sokolivka and Tetiyiv, both in the Kiev area, were confirmed with having ASF on November 4. Out of the total 7,037 pigs susceptible from both farms, 44…Details
Ukrainians in October 2016 sold to banks $113.9 million more foreign currency than bought, according to the website of the National Bank of Ukraine (NBU). According to the regulator, this is $169.5 million, or 60% less than in the previous month. The volume of foreign currency sales by the public in October decreased by 48.7%,…Details
On October 31 – November 6, Ukraine exported 835.9 thousand tons of grains from the seaports, against 851.5 thousand tons on the previous week.
In particular, wheat shipments reached 221 thousand tons, barley – 63.5 thousand tons, and corn – 551.4 thousand tons. (APK-Inform/Business World Magazine)
In terms of constant increasing of the demand for wheat in Kyrgyzstan, the country reduces the planted areas of grains almost every year, the Committee of flour millers under the Entrepreneurs Union of the Kyrgyz Republic declared. In 2015 the planted area under grains decreased by 23 thousand ha, while in the current year –…Details
Kyivstar mobile communications operators saw 11.079 billion UAH of total revenue in January-September, while a year ago the indicator was 10.003 billion UAH. The operator said in a press release that earnings before interest, taxes, depreciation and amortization (EBITDA) over the period grew by 30%, to 6.019 billion UAH compared to 4.625 billion UAH a…Details
Kazakhstan, Kyrgyzstan, and Russia conducted the joint “Clear Sky 2016” International command-staff exercise. Central Asian military pilots are currently carrying out joint exercises to repel missile strikes over the region. The main purpose of this exercise is to achieve interoperability between the staff that are interested in obtaining military assistance and assistance to other states.…Details