The financial assistance for the continuation of anti-corruption and civil service reform will be allocated at the 18th EU-Ukraine summit. “The November summit could confirm a further EUR 15 million in support of an anti-corruption program and EUR 104 million for public administration reform”, the EU report says. The summit will be an occasion to…
DetailsWheat production in Bulgaria reached a new record in the 2016-2017 market year behind higher yields, favorable weather and a shift in the use of imported genetics, according to a report from the U.S. Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS). The FAS forecast wheat production for 2016-2017 at 5.65 million tons, up nearly…
DetailsLast week Ukrainian wheat export prices continued growing on the same factors. Demand for Ukrainian wheat remains strong, while supply is shrinking. This is particularly noticeable in the case of 3rd grade milling wheat. Export prices for Ukrainian milling wheat closed last week up by another $2/MT. So, export market prices for Ukrainian milling wheat…
DetailsOn November 11-20, air temperatures were falling in Bulgaria. They dropped to 5-7 degrees C below zero in some areas. These weather conditions stopped growing processes in winter crops. Winter cereals are mostly at three-leaf stage of plant development. Winter wheat and barley seeded on October 1-10, are at tillering stage. Cereals planted in November…
DetailsBelarus is getting prepared to hold talks with the European Union in December-January on matters of joining the World Trade Organization (WTO), Belarus’ Ambassador to Belgium and Luxembourg and its Permanent Representative to the European Union and NATO Alexander Mikhnevich said. “They are ready to sit down at a negotiating table with us in December-January”,…
DetailsNaftogaz Ukrainy has calculated that Russian gas giant Gazprom’s annual payment for gas transit through Ukraine can grow by $4 billion if the Stockholm Arbitration Court favors Kiev, Yury Vitrenko, Naftogaz Ukrainy’s commercial director, said. “The problem is that Gazprom will have to pay us tens of billions of dollars in compensation, sell gas at…
DetailsThere is a plan to build a new berth on the Adzhalyk estuary near the port of Yuzhny. The berth would service a Delta Wilmar plant owned by Singapore’s Wilmar International and Delta Exports. The Singaporean investor intends to expand the production facilities. To operate effectively, an own berth is needed. Under the best scenario,…
DetailsSaudi Arabia intends to import Kazakhstani grain in case of cost-efficient logistics, Batyr Batyrshayev, Kazakhstan’s Extraordinary and Plenipotentiary Ambassador to Saudi Arabia and concurrently to the Kingdom of Bahrain, said. Saudi Arabia annually spends about $22 billion on food imports. The kingdom is interested in Kazakhstani grain due to its high quality. However, high transport…
DetailsFlour production in Kazakhstan continued expanding in September. The country produced roughly 331 KMT of cereal flour, up by 4.4% YoY and by 12.3% MoM. In total Kazakh millers have managed to increase flour production in the country by 14.7% in 2016. As much as 2.93 MMT of flour was produced in Kazakhstan in this…
DetailsKazakhstan will continue the process of diversification of the planted areas of agricultural crops: wheat areas will reduce by 2.3 million ha (from 12.4 million ha in 2016, to 10.1 million ha in 2021), the Deputy Prime Minister of the Republic of Kazakhstan, Minister of Agriculture Askar Myrzahmetov declared. Agrarians will plant barley, oats, corn,…
DetailsIn September strong public interest was aroused by the Cabinet’s decision to cancel state regulation of prices and mark-ups for socially sensitive goods. This pilot project started on October 1, for a three-month period until the beginning of 2017. The project is aimed at proving the expediency of Ukraine’s current price regulation under which price…
DetailsIn 2016 Kazakhstan produced one of the record harvests of grain crops in the history of the country’s independence, including 17.9 million tons of wheat and 3.3 million tons of barley, the Deputy Prime Minister of the Republic of Kazakhstan, Minister of Agriculture Askar Myrzahmetov declared. According to the announcement, in the current year Kazakhstan…
DetailsAs of November 1, the registered carry-over stocks of grains and pulses in Kazakhstan totaled 18.84 million tons (up by 4.3 million tons MoM), the Statistics Committee of the Ministry of National Economy of the Republic of Kazakhstan reported. In particular, peasant and farming households stored 4.411 million tons of grains. Wheat formed the major…
DetailsIn 2016 the profitability of agricultural production is expected to reach 41.8%, down by 3.8% YoY, the Director of the National Scientific Center “Institute of Agrarian Economics” Academician of the NAAS Yuri Lupenko declared. In particular, the level of profitability in plant growing commodities production will decline by 1.7% YoY, to 48.9%. The profitability of…
DetailsThe necessity to additionally capitalize state-run banks will be established after assessing their credit risks in line with the resolution of the National Bank of Ukraine (NBU) No. 351 on the approval of the procedure for determining credit risks under active bank transactions by banks that was recently endorsed, Deputy Finance Minister Yuriy Butsa has…
DetailsTurkmenistan’s President Gurbanguly Berdimuhamedov held a working meeting on preparations for the first Global Sustainable Transport Conference to be held on November 26-27 in Ashgabat, the Turkmen government said in a message. He said that in modern conditions the cooperation in the transportation and communications sector gained special importance as an essential factor of global…
DetailsIn January-September Kazakhstan exported 5.2 million tons of grains including flour in grain equivalent, the expert of the department of plant growing products growing and processing at the Ministry of Agriculture Sagintay Zhumazhanov declared. In 2015 Kazakhstan supplied 7 million tons of grains and flour to foreign countries. The list of traditional importers of Kazakh…
DetailsTurkmenistan is committed to constructive cooperation in the Caspian Sea region, the Turkmen government said quoting the country’s President Gurbanguly Berdimuhamedov. The head of state noted the importance of consolidating efforts to work out balanced decisions on the Caspian Sea issues, including those related to the strengthening of the legal and contractual basis designed to…
DetailsThe next meeting of the Turkmenistan-Latvia intergovernmental commission on economic, industrial, scientific and technical cooperation will be held in Riga, the Turkmen government said in a message. During the meeting it is planned to discuss the opportunities of expanding the cooperation in transportation and communication sector, in the spheres of agriculture, construction, healthcare, as well…
DetailsThe Uzbek Acting President Shavkat Mirziyoyev and Turkey’s President Recep Tayyip Erdogan discussed the development of a “roadmap” for expanding the Turkey-Uzbekistan cooperation during the talks in Samarkand on November 18. The two leaders discussed the prospects of the Uzbekistan-Turkey cooperation development and exchanged views on the important regional and international issues. Shavkat Mirziyoyev and…
DetailsRussia’s oil company LUKOIL attracted a straight loan of $500 million from a consortium of banks in order to finance the project on development of the Gissar gas and condensate fields in Uzbekistan, LUKOIL said in a message. The consortium includes Intesa Sanpaolo Bank Luxembourg S.A. (Luxembourg), Natixis (France), Mizuho Bank Ltd. (Japan), UniCredit S.p.A.…
DetailsThe Azerbaijani state oil company (SOCAR) has increased the number of its filling stations in Romania to 35, the company said in a message. SOCAR commissioned another filling station under the SOCAR brand name in the Romanian Ilfov County, according to the message. “This station has become the second one in the county. Three counters…
DetailsNorwegian energy companies are interested in entering the Azerbaijani market, Norwegian ambassador to Azerbaijan Bard Ivar Svendsen reported. “Norwegian energy companies have a great interest in Azerbaijan”, he added. “Norwegian companies, which have not started to work in Azerbaijan yet, but considering such an opportunity, appeal to us almost every three months”. He said that…
DetailsLifan 820 Premium car, produced at the Nakhchivan automobile plant (NAZ), was presented in Baku on November 20. “NAZ presents new Lifan models to the customers every year”, Polad Sadikhov, deputy director of the plant, reported. “This is the newest premium car produced at the plant”, he added. “The car with a 2.4-liter engine, six-speed…
DetailsSunmeal exports from Ukraine totaled 142.0 KMT in September against 85 KMT in August and 139 KMT in September 2015. Analysts expect Ukraine’s overall 2016/2017 sunmeal export to reach at least 4400 KMT. The range of export destinations did not change substantially in September. As before, the top buyers of Ukrainian sunmeal are European countries…
DetailsIran’s Minister of Communications and Information Technology Mahmoud Vaezi will visit Azerbaijan, Shahin Mustafayev, Azerbaijani minister of economy, said. Mustafayev made remarks at the meeting with Iranian ambassador to Azerbaijan Javad Jahangirzadeh. “The issues of mutual interest will be discussed during the visit”, the minister said. Mustafayev and Jahangirzadeh also discussed the issues to be…
DetailsUkraine’s Infrastructure Ministry has announced the start of the infrastructure projects contest. “The Infrastructure Ministry with the help of the reform support group has announced the start of the infrastructure projects contest. This means that any region, city, town or rural community could submit an application to look for an investor to implement projects in…
DetailsAccording to the November balance sheets by NGO “Economic discussion club”, coordinated by the Interdepartmental working group under the Ministry of Economic Development of Ukraine, in September-October of 2016/2017 MY the export volumes of sunflower oil from Ukraine totaled 706 thousand tons. The general export volumes of sunflower oil in the current season are forecast…
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