Lower-than-usual temperatures (down by 2-4 degrees C from their long-term average) were registered in the west and north-west of Romania. Temperatures above the long-term normal occurred in the south of the country and in its northeastern region named Moldova (2 C). Air temperatures averaged within –8 and +10 C, peaked at +12 C in the…Details
The weather was colder-than-usual and featured precipitation. Diverse temperatures and precipitation shortages were reported in the country. The average weekly air temperature was +0.1 to +2.5 degrees C, mostly 1-2.4 C above normal. Air temperatures peaked at +14 C – this occurs on average once per seven years at the time – and bottomed out…Details
The leader in the sphere of trading in agricultural products and sunflower oil production in the Republic of Moldova – the company Trans-Oil Group – invested $6 million in increasing capacities of the grain terminal in the Giurgiulesti International Free Port, the press-service of the company declared. According to the announcement, the funds from the…Details
In the first five months of the current season pea exports from Ukraine have managed to exceed last season’s potential. 252 KMT of peas were shipped for export from July through November, up by 4.5% YoY (242 KMT). Traditionally, the key importer remains India with its export share reaching 43%. Ukrainian exporters supplied roughly 108…Details
In January-November the grain terminal JSC Ak Biday Terminal, the subsidiary company of the National Company Food Contract Corporation JSC, exported over 452 thousand tons of grains through its grain terminal in the Aktau port, the press-service of Food Contract Corporation declared. According to the announcement, in the same period of 2015 the shipped volumes…Details
Purchase prices for grains on Bulgaria’s domestic market somewhat sank last week. They were pressured primarily by volatility of the national currency against the U.S. dollar. Overall, the pace of grain market purchases is estimated as stable. Purchase prices for wheat are being pressured by its sufficient supply on the domestic market despite quick sales.…Details
OAO Belshina (Bobruisk, Mogilev region) says it has manufactured an all-steel radial tyre with a 57-inch rim diameter. The tyre is intended for super-size dump trucks with a 220-ton load capacity used for open-cast mining. Belshina is currently implementing a $306.7 million investment project to facilitate production of super-size truck tyres with a maximum rim…Details
Belarus increased truck exports by 24.3% YoY in January-October to 3,528 units, Belstat said in a statistical report. In value terms, truck exports grew by 5.4% YoY to $485.08 million; including truck exports to Russia – 2,581 units (up by 37.8%) worth $372.725 million (up by 8.5%). Belarus’ car exports grew by 2.5% to 7,897…Details
Ukraine’s Investment Attractiveness Index in H2 totaled 2.85 points compared to 2.88 points in H1 and 2.57 points in H2 2015, according to a study of the European Business Association (EBA) conducted on the basis of a poll of top managers of companies in November and December. “Confidence of business has not changed a lot…Details
Ukrainian agricultural producers planted winter grains throughout the areas of 6.951 million ha, the Ministry of Agrarian Policy and Food of Ukraine informed on December 14. In particular, agrarians planted winter wheat and triticale throughout 5.911 million ha, winter rye – 158.1 thousand ha, and winter barley – 882.3 thousand ha. Also, agrarians planted winter…Details
The European Bank for Reconstruction and Development (EBRD) has opened a regional office in Kharkiv. “Eastern Ukraine is also important for our work. It is important for the economy and for our cooperation not only in terms of large-scale projects, but also in terms of the development of small and medium-sized businesses. We are opening…Details
The decision on allocation of additional funding in the amount of 15-20 billion UAH for the road sector will be made in 2017, President of Ukraine Petro Poroshenko has said. “This year 10 times more roads have been built than in 2015. Not 10% but 10 times more, and I emphasize the decision on allocation…Details
Director of the European Bank for Reconstruction and Development (EBRD) in Ukraine Sevki Acuner hopes an agreement on financing subway construction in Kharkiv will be signed in the first half of 2017. “Now the procedure of due diligence is underway. We are completing preliminary preparations, developing the project. I hope we will be able to…Details
Since the beginning of 2016/2017 MY, Ukraine exported 19.7 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared on December 13, referring to the State Fiscal Service. In particular, wheat exports totaled 10.5 million tons, barley – nearly 4.1 million tons, and corn – 5.1 million tons. Also, flour export…Details
A new oilseed crushing facility of LLC Taiynsha-May has recently started operating in the Kazakh village of Ilichevka, Amadyk village district. The project is being implemented jointly with Chinese investors. The plant’s design capacity will be 300 KMT of oilseeds a year. The facility is aimed at making products for export. Kazakh sunoil exports to…Details
Automotive Electric Ukraine LLC (Chernivtsi), a manufacturer of electric cable products for cars, the founder of which is Prettl Kabelkonfektion GmbH (Germany), was opened on December 13, with the participation of the Prime Minister of Ukraine Volodymyr Groysman. “We’ve opened Automotive Electric Ukraine LLC in Chernivtsi. Investments totaled 80 million UAH, some 1,000 jobs will…Details
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Public joint-stock company Ukrzaliznytsia would see some 300 million UAH in profit in 2016, Ukrzaliznytsia Board Chairman Wojciech Balczun has said. “I think that in 2016 we would see profit of near 300 million UAH”, he wrote on his Facebook page. He said that earlier the financial plan for 2016 was revised. The number of…Details
Ukraine has managed to become a key wheat supplier to the Indian market this season, running close to Australia now. Ukraine exported more than 900 KMT of wheat to India in the first five months of the season. This is a historical high of Ukrainian wheat supplies to the country. Another factor that fueled last…Details
State-run enterprise Ukrspyrt expects to see 46 million UAH of net profit in 2016 compared to net loss of 13.89 million UAH in 2015. “The official figure for 2015 is the loss of around 14 million UAH. It is the official report submitted to the State Fiscal Service. We want to have around 46 million…Details
Acting head of the State Automobile Roads Agency of Ukraine (Ukravtodor) Slawomir Nowak has said that Poland’s experience in reforming the road sector would suit Ukraine. “I would back on my experience in Poland. I think the ‘copy-paste’ policy would work here”, he said at a meeting at the American Chamber of Commerce in Kyiv.…Details
According to Bulgarian Ministry of Agriculture, as of December 1, 419.2 thousand ha of corn were threshed, which was 99.2% of the plan (423 thousand ha). 2210.2 KMT were harvested with the average yield of 5.27 MT/ha. Pace of harvesting is 0.4% lower than in 2015 due to weather conditions, which are unfavorable for finishing…Details
October sunoil exports from Ukraine amounted to 433 KMT, or up by 183 KMT (73%) MoM and by 25 KMT (6%) YoY. The new season of 2016/2017 features active vegoil sales on foreign markets. Export shipments for the past two months reached 683 KMT, a record high for this time, and exceeded last season’s level…Details
Subsidiary of Kaspersky Lab (Moscow) Kaspersky Lab Ukraine LLC (Kyiv) has announced its liquidation under the decision of its owner.
Claims of creditors can be submitted within two months from the moment of the publication of the announcement (until February 14, 2017).
Andriy Polischuk has been appointed liquidator of the company. (Interfax/Business World Magazine)
On November 21-30, air temperatures were below normal in the south and southeast of Kazakhstan, where winter crops were grown. Precipitation rates were below normal as well. Kazakh meteorologists say the alternation between above-zero air temperatures and their night drops to –27 degrees C during that period may affect winter hardiness of underdeveloped winter wheat…Details
Ukraine is interested in increasing imports of coffee, tea, exotic fruit and nuts from Kenya, and Kenya, in its turn, is interested in supplies of Ukrainian grain, flour, apples, juice concentrates, seeds and fodder for poultry and fish farming. These issues were discussed during an official visit of the Ukrainian delegation headed by Deputy Economic…Details
In January-November the production volumes of agricultural commodities in Ukraine increased by 2.9% YoY at the expense of rising production volumes of plant growing commodities, the State Statistics Service of Ukraine announced on December 14. In particular, the production of plant growing products grew by 5.3%, while livestock products output was down by 2.9%. According…Details