Moldova’s government expects to have MDL 220 million from the privatization of public assets and MDL 700 million from the sale of the liquidated banks’ assets. These amounts have been included in the 2017 state budget. In particular, MDL 220 million from the privatization of public assets and MDL 700 million from the sale of…
DetailsIn 2016 the volume of capital investments in agriculture will exceed the last year figures nearly 1.5 times, to 44 billion UAH, the Head of investment department at the National Scientific Centre Institute of Agrarian Economics Nikolai Kisil declared. In particular, the growth of capital investments was driven by a spike in investment activity after…
DetailsIn January-November Commercial Sea Port Yuzhny handled 36,239,800 tons, down by 17.8%, YoY, Ukrainian Sea Ports Authority says. According to the statement, this makes 30% of total throughput of Ukraine’s seaports (120,717,900 tons). In the 11-month period the growth was shown by the following sectors: metal – 89,400 tons (+73.1%), containers – 73,800 TEUs (+51.5%),…
DetailsAn International Monetary Fund (IMF) mission led by Martin Sommer visited Ashgabat on December 1-6, to assess macroeconomic and financial developments and discuss economic challenges and policy priorities with senior government officials and the diplomatic community. The expectations for persistently lower oil and natural gas prices imply the need for additional policy adjustment in Turkmenistan,…
DetailsKazakhstan’s huge oil field Kashagan was officially presented on December 7, Kazakh Energy Ministry said. Kazakh President Nursultan Nazarbayev took part in the event. Oil production at Kashagan was launched in autumn and reached commercial level of 75,000 barrels per day on November 1. Currently work is carried out in order to increase the level…
DetailsJSC National Company Food Contract Corporation announced the increase of the purchasing prices for 3- and 4-grade wheat Triticum aestivum L., the company’s press-service reported. In particular, the prices for 3-grade wheat, purchased to the commercial resources of the company, increased from 41`500-50`000 KZT/ton to 49`000-58`000 KZT/ton for VAT taxpayers (depending on the qualitative indicator),…
DetailsKazakh wheat exports continued expanding in October. Kazakhstan exported 452.8 KMT of wheat in the second month of the season, up by 40% YoY. In the first two months of 2016/2017, Kazakhstan exported 38.7% more wheat YoY (808 KMT), which is a three-year high. The share of Kazakh wheat’s key export destinations – Uzbekistan, Tajikistan,…
DetailsIn 2016/2017 MY the export potential of Ukrainian feed corn totals nearly 18 million tons, up by 9% YoY. At the same time, in October Ukraine exported over 1.35 million tons of corn, which became the absolute record for the reporting month. But due to the record global production of corn, as well as rather…
DetailsAs part of building the third power connection between Estonia and Latvia, Estonian power grid operator Elering has announced a procurement tender for designing and constructing the Estonian side of the project. “The new Estonian-Latvian power connection is notable because a project important from the energy security and market standpoint will be carried out without…
DetailsAir temperatures dropped and winter crops stopped growing in Bulgaria from November 21-30. In West Bulgaria air temperature fell to 10-13 degrees C below zero. Owing to a 10-15-cm layer of snow, which covered this part of the country, late-sown winter cereals (sown in the latter half of November) at early development stages were protected…
DetailsIn November Belarus’ gold and foreign exchange reserves rose by $21.2 million if calculated in accordance with methods of the International Monetary Fund. According to preliminary data, the reserves totaled $4,838.0 million as of December 1, the Information and PR Department of the National Bank of the Republic of Belarus reported. In national terms the…
DetailsAccording to the Agriculture Ministry, Ukraine exported 18.38 MMT of grains in the season 2016/2017 by December 1, up by 5.9% YoY. In particular, the exported volumes included 10.08 MMT of wheat, up by 1.18 MMT YoY. Barley exports in the period under review totaled roughly 3.95 MMT and corn exports amounted to 4.25 MMT.…
DetailsThe weather conditions are fair at the onset of winter crops’ dormancy. Most fields in the country are covered with 5-2 cm of snow. The soil is not frozen deeply yet, mostly to 1-8 cm; this depth reaches 10-13 cm just in some areas of Belarus. Soil temperatures at the tillering node of winter cereals…
DetailsThe Heydar Aliyev International Airport served more than 231,000 passengers in November, up by 23% YoY, the airport’s press service said. The airport served almost 3 million passengers in January-November. Of them, 1.8 million passengers chose to fly with Azerbaijan’s national carrier, Azerbaijan Airlines (AZAL). Some 500,000 passengers were transported via AZAL domestic flights to…
DetailsHeads of railway authorities of Azerbaijan, Kazakhstan, Turkey and Georgia signed a memorandum of understanding (MOU) in Baku on prospects of development of the Trans-Caspian International Transport Route (TCITR), a message from Azerbaijan Railways CJSC said. Head of Azerbaijan Railways CJSC Javid Gurbanov, President of Kazakhstan Railways JSC Kanat Alpysbaev, Director General of Turkish State…
DetailsAccording to official information, Ukraine exported 525 KMT of barley in October, up by 16.4% YoY (451.1 KMT). In total, Ukraine has increased its barley exports by 3.7% this season, to 3487.5 KMT. Saudi Arabia is still the main destination market for Ukrainian barley, though with lower shipments now. Ukrainian exporters shipped 1.43 MMT of…
DetailsIn 2016 Azerbaijan’s exports will decline by 18% YoY, or by $2.8 billion, the CBA Chairman Elman Rustamov said. Earlier Rustamov noted that Azerbaijan’s exports would be about $12.8 billion by late 2016. “The export of non-oil products and services has declined by 20% since early 2016”, he said, adding that non-oil imports were currently…
DetailsIt is planned to build another 26 agroparks in Azerbaijan, the country’s Economy Minister Shahin Mustafayev said. He said that the agroparks would be built in 19 districts of Azerbaijan. A variety of processing and manufacturing enterprises are planned to be built in these agroparks. Currently, the work is underway in Azerbaijan to create ‘Yalama’…
DetailsAfghanistan will profit by more than $1 billion per year for gas transit via the Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline. Necessary infrastructure facilities – plants, gas compressor stations and gas purification plants will be built along this energy bridge. “More than 12,000 jobs will be created for our Afghan brothers”, Turkmen President Gurbanguly Berdimuhamedov said. The main…
DetailsIn January-September the share of agro-industrial complex in the general growth of capital investments in Ukraine reached 51.3%, including the agricultural component at 39.6%, and the food industry at 11.7%, the Head of investment department at the National Scientific Center Institute of Agrarian Economics Nikolai Kisil declared. According to him, in January-September the general volume…
DetailsThe Asian Development Bank (ADB) approved a $500 million loan to help Azerbaijan maintain social spending, create jobs, and diversify its economy to mitigate the adverse impact of a crash in oil prices, ADB said in a message. Sean O’Sullivan, director general of ADB’s Central and West Asia Department, said ADB’s support was important for…
DetailsContinuing last year’s autumn trend, the volume of cargoes carried by Latvijas dzelzcels had increased in November. The volume of cargoes transported by rail reached 4.46 million tons, up by 7.6% YoY. Coal transports have increased significantly. 1.8 million tons of coal was transported in November. This exceeds the index of November 2015 by 28.7%.…
DetailsThe European Court of Auditors (ECA) has expressed reservations about significant amounts of financial assistance rendered to Ukraine. The assistance program from 2007 to present has resulted in limited results, according to a statement of EU financial observers. Prior to 2014 the reason for the low effectiveness of assistance from the European Union (EU) was…
DetailsIn January-October the sea terminal Nika-Tera (Sea Special Port Nika-Tera LLC, Mykolaiv, part of Group DF) shipped 1.676 million tons of grain cargoes, which formed 55.64% of the general cargo turnover (3.012 million tons), the press-service of the company declared. Also, the terminal shipped 267 thousand tons of mineral fertilizers (8.86%) and 1.068 thousand tons…
DetailsIn the first three quarters of 2016, Latvian enterprises were provided with bank loans for a total amount of 1.4 billion euros, up by 40% YoY, according to the estimates of the Latvian Association of Commercial Banks and Finance and Capital Market Commission. The total loan portfolio of Latvian banks was EUR 15.11 billion at…
DetailsThe minimum wholesale and retail prices on alcoholic beverages (except for beer) in Uzbekistan will be raised starting from January 1, 2017, according to a joint decision of the country’s Ministry of Finance and the State Tax Committee. The minimum wholesale wine price for producers will be increased from 4,500 to 5,400 Uzbek soums (UZS)…
DetailsKyiv authorities seek to find around 23 billion UAH to modernize the overland transport network and infrastructure and similar programs by 2019. The information is outlined in the updated action plan for 2016-2018 to implement Kyiv development strategy by 2025. The plan was approved by lawmakers of Kyiv City Council on November 15. Some 78.5…
DetailsAzovmash Group and Kryukovsky Railway Car Building Works (KRCBW) are in talks with PJSC State Food Grain Corporation of Ukraine (SFGCU) about the possibility of building grain railcars for the corporation. According to a top manager of the company, 300-500 railcars are in question for now. Overall, the company is considering a project for building…
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