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Ukraine: no GMOs major advantage of corn on the global market

To date, US and Ukrainian corn are the most competitive products on the Chinese and other markets, but the absence of GM content is the major advantage of the latter, declared the Deputy of Ministry of Agrarian Policy and Food of Ukraine, Viktor Sheremeta. According to the official, Ukraine produces corn hybrids, but not GM-corn. And to date, it is...

Ukraine: sugar confectionery production down in January-April 2018

In January-April Ukrainian sugar confectionery production totaled 22 thousand tons, down by 3.1% YoY, the State Statistics Service of Ukraine reported. According to the data, in April 5.5 thousand tons of sugar confectionery products were produced, down by 10.8% MoM and by 2.3% YoY. (UkrAgroConsult/Business World Magazine)

Estonia: wage pressure biggest threat to economic outlook

The International Monetary Fund (IMF) finds that the outlook for the Estonian economy is positive and growth will continue at close to 3.5% in the medium term, but noted that the biggest threat to this outlook was wage pressure not accompanied by growth in productivity. According to the IMF, external risks for Estonia are balanced in the near term, and...

Kyrgyzstan: 7.7 billion soms spent on servicing state debt in 2018

In January-April at least 7,752,922.2 billion soms were allocated from the republican budget for servicing the state debt, the Ministry of Finance reported. According to it, 3,642.9 billion soms were spent on external debt. About 4,109.9 billion soms have been allocated from the treasury to repay the internal debt. As of March 31, Kyrgyzstan's state debt amounted to $4,425.65 billion (302,858.53...

Azerbaijan: unified tax on salary to be introduced

Azerbaijan may introduce a unified tax on salary, Taxes Minister Mikayil Jabbarov said. This issue is being discussed as part of amendments to Azerbaijan's Tax Code, he added. "This issue is very important for all taxpayers," Jabbarov said. "This step is aimed at reducing the tax burden and facilitating the taxation of salaries. The unified tax will be applied to salary...

Ukraine: economy to reach pre-crisis level in 2021

Ukraine's economy will manage to reach its pre-crisis level in 2021 if the GDP grows by 3-4% annually, First Vice Prime Minister - Economic Development and Trade Minister of Ukraine Stepan Kubiv said at the meeting of the National Investment Council. "The forecast for Ukrainian economy growth for 2018-2019 remains positive. According to the government's estimates, GDP will grow by...

Ukraine: vodka and brandy production down in January-April 2018

Production of vodka of an alcoholic strength by volume of 45.4% in Ukraine in January-April fell by 20.2% YoY, to 3.7 million deciliters, and brandy output dropped by 9.6%, to 591,000 decaliters. Vodka production in April was 1 million decaliters, up by 4.4% MoM and by 50.1% YoY, the State Statistics Service of Ukraine said. Brandy production in April was 591,000...

Belarus: meat and milk supplies to China to increase

Belarus is ready to increase meat and milk supplies to China, Belarus' Prime Minister Andrei Kobyakov said. "China is the world's largest food importer. Experts predict the further growth of the Chinese meat and dairy market. Belarus is ready to offer high-quality and eco-friendly products to Chinese consumers," Andrei Kobyakov said. China has been actively developing container routes to the EU...

Estonia: construction volume up in Q1 2018

According to information released by Statistics Estonia, in the first quarter of 2018 the combined production of Estonian construction enterprises in Estonia and foreign countries increased by 21% YoY, while construction on the domestic market alone increased by 29%. In the first quarter the production value of construction enterprises amounted to EUR 559 million, of which the production value of...

Kyrgyzstan: Prime Minister instructs to hasten construction of Bishkek-Kara-Balta road

The Prime Minister of Kyrgyzstan Mukhammedkaly Abylgaziev got acquainted with the construction of the section of Bishkek-Kara-Balta road in Sokuluk district of Chui region, the Information Support Department of the Government reported. "The road is one of the busiest in the republic. Taking this fact into account, its construction should be hastened. If necessary, the work should be carried out...