Ukraine: linseed looks promising for farmers

In Ukraine linseed belongs to a niche of agricultural crops, which require further advanced processing and are used in related industries such as pharmaceutical, confectionery, textile and others. Export duty at 23% set in 1999, which triggered acute reduction of linseed acreage, was an obstacle for linseed production recovery in Ukraine. Currently, the linseed export…


Russia: the number of LNG powered vessels to triple by 2019

The number of LNG powered vessels in the Baltic region will more than triple totaling 250 units by 2019, Kirill Lyats, CEO of LNG Gorskaya, reported.

According to him, 80 vessels driven by LNG (mostly Norwegian) are operating in the region today. (Portnews/Business World Magazine)

Ukraine: ADM agricultural trader permits subsidiary to refinance $30 million credit line

Shareholders in private joint-stock company AMD Illichivsk (Odessa region) have permitted the company’s board to refinance a credit line with the limit of $30 million (765.98 million UAH). According to a company report, the decision was made at an extraordinary general meeting of shareholders on October 28. The shareholders authorized the board of ADM Illichivsk…


China: Silk Road concept adapting to Russia’s Eurasian project

China’s Silk Road Economic Belt concept has been adapting to Russia’s Eurasian integration program, Russia’s ambassador to China Andrei Denisov said. “There has been significant progress in determining the mechanism of interaction between the Eurasian integration project and the Silk Road concept”, the ambassador said. “We have an opportunity to boost cooperation in all areas”,…


Ukraine reports more ASF outbreaks

Six new outbreaks of African Swine Fever (ASF) have been reported on pig farms and backyard/village units in Ukraine.

The outbreaks were reported in the north and south of the country in the areas of Kharkov, Odessa, Nikolayev and Poltava.

In total, there were 11 cases. (ThePigSite/Business World Magazine)

Belarus reports $2.397 billion commodity trade deficit in January-September 2016

Belarus’ foreign trade deficit stood at $2.397 billion in January-September to compare with a $1.844 billion deficit in January-September 2015, according to the National Statistics Committee (Belstat). Commodity exports decreased by 15.7% YoY, to $17.245 billion, while imports decreased by 11.9%, to $19.642 billion. Exports from Belarus included $10.422 billion worth of supplies to the…


Ukraine: impacts of sowing on tight schedule

In Ukraine winter crops sowing campaign for the 2017 crop is accompanied by different cataclysms. Severe drought during optimal seeding terms delayed sowing season in September. In early October machinery could not work in fields in the South because of rains. In late October freezing weather became another complication. Thus, Ukrainian farmers had only several…


Azerbaijan learning from Swiss financial market experience

Azerbaijani and Swiss financial markets supervisory authorities have great potential to expand the existing ties, Chairman of Azerbaijan’s Financial Market Supervisory Body Rufat Aslanli said at the meeting with the leadership of the Swiss financial regulator. The presentation of activity of the Swiss Financial Market Supervisory Authority was held for the Azerbaijani delegation on a…


Azerbaijan eyes closer contact with OPEC

OPEC Secretary General Mohammad Sanusi Barkindo received Azerbaijani Minister of Energy Natig Aliyev and Ambassador and Permanent Representative of the Permanent Mission to the International Organizations in Vienna Galib Israfilov. Non-OPEC countries were invited to join in talks following the Algiers Accord, reached in Algeria on September 28. Natig Aliyev said that Azerbaijan was very…


Russia: Nizhnekamskneftekhim masters bimodal polyethylene for the production of sheathed power cable

PJSC «Nizhnekamskneftekhim», in cooperation with the enterprises of Tatarstan, is mastering a new development in production i.e. the production of bimodal polyethylene for power cable sheath. Nizhnekamsk polyethylene can be used as an alternative to imported materials in the production of power cables. These are the results of comparing the quality indicators of the polyethylene…