On October 26, the work of the fifteenth anniversary international conference “Fat-and-Oil Industry – 2016” started with the ceremony of opening of a new tank complex at LLC NE Terminal UPSS, located on the territory of the Dnepr-Bug Sea Port, in Mykolaiv. The new tank complex of Terminal UPSS, which became the sponsor of the…
DetailsIn September Ukraine exported 4.3 KMT of linseed compared to 2.5 KMT in August and 4.6 KMT in September 2015. The third season in a row the decrease in export volumes for the first month of the season has been observed. Along with this, by the end of the season opposite tendency is observed –…
DetailsThe 2017 budget bill has been passed into law with a surplus worth Br1.496 billion ($787.203 million). The government posted the document on its official web site for legislative information on October 26. 2017 budget revenues were approved at Br18.235 billion ($9.595 billion), expenditures – Br16.739 billion ($8.808 billion). The major source of state budget…
DetailsBelarus’ chemical company OAO Grodno Azot said its nitrogen fertilizer exports reduced by 16.2% YoY in January-August 2016 to 215,700 tons (in terms of 100% nitrogen), a source in the profile ministry reported. In money terms exports shrank by 38.6% YoY to $94.934 million. The expert attributes shrinking proceeds to the decline in fertilizer prices.…
DetailsThe National Bank of Ukraine (NBU) still hopes by the end of the year to get the fourth tranche from the International Monetary Fund (IMF) under the EFF program in the amount of $1.3 billion, NBU Deputy Head Dmytro Solohub has said at a briefing in Kyiv. “This sum will be used to replenish international…
DetailsBelarus’ cargo traffic by all means of transport reduced by 4.3% YoY in January-September to 323.312 million tons, the National Statistics Committee of Belarus (Belstat) said in a report. Cargo transportation by railways in January-September stood at 93.221 million tons (down by 4.1% YoY), including transit cargo traffic at 22.6 million tons (down by 20.7%).…
DetailsSince the start of the grain sowing and till October 20, the amount of the accumulated effective warmth was 20-40% lower than last year. Due to this winter crops were developing rather slowly and now development pace lags behind last year. Despite low amount of rains in the second half of October, soil moisture stocks…
DetailsAzerbaijan’s Energy Minister Natig Aliyev will participate in the OPEC High Level Committee Meeting on implementation of Algerian agreements of OPEC and non-OPEC states, to be held in Vienna in late November, the Azerbaijani Energy Ministry said in a message. Along with Azerbaijan, invitations for the meeting were sent to such non-OPEC states as Russia,…
DetailsAzerbaijan is ready to share its experience in the field of energy with the Republic of South Africa and to assist it in development of a massive energy-producing potential, Azerbaijan’s Energy Minister Natig Aliyev said. The minister welcomed the newly appointed Ambassador of the Republic of South Africa Pule Isaac Malefane. The parties discussed the…
DetailsResidents of the Sumgait Chemical Industrial Park (SCIP) will start production in 2017-2018, Azerbaijan’s Deputy Economy Minister Niyazi Safarov reported. Safarov said that one of SCIP’s biggest residents SOCAR Polymer would begin test production in the second half of 2017 and would reach its full production capacity in 2018. The creation of industrial zones is…
DetailsTurkmen President Gurbanguly Berdimuhamedov and Qatar’s Sheikh Faisal Bin Qassim Al Thani, the head of Al Faisal Holding, stressed at the meeting that the fuel and energy sector, transport and communications were priority vectors of cooperation between Turkmenistan and Qatar, the Turkmen government said in a message. According to the message, the agreements reached the…
DetailsTurkmen President Gurbanguly Berdimuhamedov and Gilles Remy, head of the French CIFAL company, exchanged views on the prospects of partnership as part of the priorities of socio-economic development of the country and joint work experience. Stressing readiness to develop mutually beneficial cooperation, Remy expressed the company’s interest in strengthening the positions on the Turkmen market.…
DetailsThe US company John Deere is ready to offer cotton and grain harvesters, tractors, as well as various agricultural equipment to Turkmenistan, Mark von Pentz, president of the company’s Agriculture and Turf Division of Europe, CIS, Asia, Africa and Global Tractor Platform, said. John Deere has been operating on the Turkmen market for about 25…
DetailsTurkey has received the first dragon fruit harvest (pitaya), after a year of preparation. This fruit of Vietnamese origin has adapted well to the climatic conditions of this region, mainly planted with citrus, but also strawberries and bananas. Producers are looking for high value alternatives and after testing with the cape gooseberry, they got good…
DetailsUkrainian President Petro Poroshenko, the government and parliamentary coalition factions have decided to raise the minimum wage in Ukraine from January 1, 2017 to 3,200 UAH, the Ukrainian president said after talks with Ukrainian Prime Minister Volodymyr Groysman. “Starting from January 1, 2017, there will be no employed people in Ukraine who earn less than…
DetailsKazakhstan plans to participate in the OPEC meeting on November 30, in Vienna, Kazakh Energy Minister Kanat Bozumbayev said. Earlier OPEC sent invitations to 12 non-member countries to attend the next OPEC meeting. “We have received OPEC’s invitation through the Ministry of Foreign Affairs, and at the technical level plan to attend the meeting”, Bozumbayev…
DetailsKazakhstan negotiates the launch of new routes during Expo 2017 exhibition in Astana with several foreign airlines, Kazakh Prime Minister’s official website reported with the reference to Investment and Development Vice Minister Berik Kamaliyev. He noted that Finnish airline would launch flight within signed agreements. Moreover Kazakhstan has held negotiations with Polish aviation authorities, an…
DetailsAccording to the regional agricultural departments, as of October 27, agrarians harvested grains throughout 15.34 million ha, or 99.9% of the planned areas, the Ministry of Agriculture of the Republic of Kazakhstan declared. As of the reporting date, agrarians produced 23.63 million tons of grains, up nearly by 3.9 million tons YoY. The average yield…
DetailsLast week growing of milling wheat prices was noted on the export market of Kazakhstan. Factors of price support: – increased demand from major importers; – strengthening of national currency; – increase in milling wheat prices in the Black Sea region. Thus, over the week 12.5% wheat export prices increased by $8-10 to $172-178/MT FOB…
DetailsThe National Bank of Ukraine (NBU) from October 28, cuts refinancing rate from 15% to 14%. The central bank said in a press release that the decision on the size of the refinancing rate was approved by its board on October 27. “The further relaxation of the monetary policy is linked to the reduction of…
DetailsAs of October 24, winter crops had been sown at 5952 thousand ha, or 81% of the forecasted area – 7374 thousand ha. This included 5260 thousand ha of winter wheat and triticale (85% from the planned 6198 thousand ha), 148 thousand ha of rye (100% of 147 thousand ha), 544 thousand ha of barley…
DetailsKyrgyztelecom management stated that the company was deliberately hindered from development. The Chairman of the Board of Kyrgyztelecom JSC Emil Eshenaliev announced this at a press conference. According to him, the company has been working in noncompetitive environment for 15 years. It could not develop the Internet in Bishkek and Osh, nor have a cellular…
DetailsKyrgyzstan will receive a loan to improve the efficiency of water and energy in the south of republic, the European Bank for Reconstruction and Development (EBRD) reported. The bank allocates $1 million. The money will be provided to micro-credit companies. And through it, ordinary citizens will receive credits for the installation of energy efficient windows…
DetailsKyrgyzstan occupies the last place among EEU countries in Doing Business 2017. World Bank’s report was published the day before. Kazakhstan has the best indices among the countries of the Eurasian Economic Union. It occupies 35th place with 75.09 points. Kazakhstan is among the countries that have achieved the greatest success in the field of…
DetailsKyrgyzstan takes 163rd place out of 190 in getting electricity rank in Doing Business 2017. This is stated in the World Bank report. The only indicator where Kyrgyzstan has received a positive assessment was “trading across borders”. Kyrgyzstan took 79th place here. Thanks to accession to EEU, Kyrgyzstan reduced the time for the export of…
DetailsKazakhstan and Saudi Arabia signed more than 10 agreements worth over 60 billion tenge ($181.55 million) within the official visit of Kazakh President Nursultan Nazarbayev to Saudi Arabia on October 24- 25, the presidential press-service reported. At the briefing on the results of the visit Nazarbayev announced that the agreements had been signed in the…
DetailsGermany’s logistics company DHL has opened its office in Azerbaijan. The office, DHL Global Forwarding Azerbaijan, was registered according to the “single window” principle of Azerbaijani Ministry of Taxes on June. The company’s authorized capital is 100 manats. Turkish citizen Inanc Behcet Kerem is the company’s official representative. Azerbaijan Railways CJSC and DHL agreed to…
DetailsAccording to the Minister of National Economy Kuandyk Bishimbayev, Kazakhstan’s economy grew by 0.4% in January-September. The inflow of foreign investment in Kazakhstan’s economy increased 4.4-fold YoY. “Net inflow of foreign investment amounted to $5.7 billion in the reporting period, which is a 4.4-fold increase versus the same period of last year, which was $1.3…
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