The Asian Development Bank (ADB) and the government of Kyrgyzstan have signed the financing agreement amounting to $95.1 million to rehabilitate a section of the North-South Alternate Road Corridor in Kyrgyzstan, said the message on ADB’s website. The agreement was signed on December 1 by Kyrgyz Minister of Finance and Governor to ADB Adylbek Kasymaliev…
DetailsADM company has completed modernization of an oil-extraction plant located in Chernomorsk (Odessa region), the press-service of the company reported. ADM almost doubled the processing capacities for sunflower seed and launched the line for rapeseed processing. According to the announcement, the upgraded capacities will allow more efficiently operating in Eastern Europe, and meet all foodstuff…
DetailsThe representatives of the US government confirmed their unchanged interest to continue energy cooperation with Ukraine. At the meeting, the parties discussed further steps for reforming Ukraine’s energy sector and maintaining conditions for secure gas transit to Europe via Ukraine. Andriy Kobolyev, CEO of Naftogaz, and Oleg Prokhorenko, CEO of Ukrgazvydobuvannya, have met with Amos…
DetailsSince the beginning of 2016/2017 MY, Ukraine exported 18.4 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared, referring to the State Fiscal Service. In particular, wheat exports totaled 10.1 million tons, corn – 4.5 million tons, and barley – nearly 4 million tons. Also, flour export volumes reached 134.2…
DetailsMinsk-based OAO Amkodor and Belarus’ Saleo Group plan to build three new plants in 2017 and implement other projects with a total investment portfolio of $500 million, Igor Kayuda, Amkodor’s Director for Innovations and Investments, reported. Chinese credits will account for 80% of project investments. As previously reported, Amkodor and Saleo Group signed three contracts…
DetailsAzerbaijan has enough potential to export its agricultural products to the US markets, Deputy Assistant Secretary of Commerce for Europe, the Middle East and Africa at the US Department of Commerce Michael Lally said. Azerbaijan has determined its way by setting the task to develop the non-oil sector of the economy, he said. Lally said…
DetailsBaku may turn into an international hub for postal shipments from Asia to Europe, Director General of the Universal Postal Union Bishar Hussein reported. Postal technologies are used for online shopping, he said. Goods and services from the Far East, China, Indonesia, and all the other countries with tiger economies can now be delivered to…
DetailsAccording to the State Statistics Service, sunseed stocks in Ukraine totaled 7992 KMT as of November 1, up by 6.7% YoY (7492.1 KMT). Growers held 4516.8 KMT out of this amount, while storage and crushing facilities accounted for 3475.2 KMT. Crushers increased soybean stocks by 56% to 1201.5 KMT as of November 1. At the…
DetailsAzerbaijan Railways CJSC and Switzerland’s Stadler Rail AG will expand bilateral cooperation, said a message from Azerbaijan Railways. This was decided during a meeting of Chairman of Azerbaijan Railways CJSC Javid Gurbanov and Stadler President Peter Spuhler. The message doesn’t specify the directions in which the two sides are planning to expand their cooperation. “During…
DetailsBelarus’ chemical company OAO Grodno Azot plans to finalize the project worth $170 million to build a nitric acid plant. The new facility will produce 1,200 tons of acid a day. Grodno Azot started building the new plant in October 2015. Germany’s ThyssenKrupp Uhde GmbH (Dortmund) won a tender to produce design specifications and estimates…
DetailsThe government will offset the losses on the export loans issued by the Belarusian banks in 2017-2018, reads Resolution No. 981 of the Council of Ministers of Belarus of November 30. The document was published on the national legal portal on December 2. The Council of Ministers made a decision to offset export loan losses…
DetailsUkraine exported 137.1 KMT of rapeseed in October against 322.7 KMT in September and 167 KMT in October 2015. In total 693.6 KMT of rapeseed was supplied to foreign markets in July-October 2016/2017, i. e. down by 502.1 KMT (42%) YoY (1195.7 KMT). Roughly 80% of 2016/2017 export rapeseed availabilities (880 KMT) were shipped abroad…
DetailsBelavia Belarusian Airlines will retire its Tupolev Tu-154 aircraft on December 28. The Minsk-based carrier’s fleet includes three of the type – one Tu-154 is already out of service and two operate charter flights between cities in Belarus and Western Siberia in Russia for oil and gas industry. The carrier’s fleet also comprises two Embraer…
DetailsMainly usual air temperatures were reported in the country on November 21-27. Their weekly average equaled +1.1..+2.9 degrees C, being close to normal in most of Moldova. Maximum air temperature hit +8 C, while its minimum value was at –5 C. Precipitation was chiefly in the northern half of the country, mostly as rain and…
DetailsDuring the first two years of its e-residency project, which provides foreigners with the opportunity to register companies in Estonia and use other e-state services, Estonia already has 15,000 e-residents who have established more than 1,000 businesses. The President of Estonia stressed the importance of the program in introducing Estonia to the world. According to…
DetailsThe Ministry of Economic Development and Trade of Ukraine has increased its forecast of growth of agricultural production in Ukraine in 2016 to 2.2%, as opposed to 0.7% in the previous forecast. According to the announcement, in 2016 the country witnessed rather high volumes of agricultural crops production, especially spring crops, compared with the expected…
DetailsKyrgyzstan was unable to use the Polish credit of 40 million euro, the Head of Trade and Investment Promotion Department of the Polish Embassy in Almaty Wlodzimierz Kurowski reported. He noted that the recent contacts had been mainly used for the implementation of the loan agreement under the tied aid. However, the loan hasn’t been…
DetailsPresident of Kyrgyzstan Almazbek Atambayev announced that Russian military base would be closed after the current contract expires. “Kyrgyzstan should rely only on its own military forces, not Russian, American or any other country’s”, the president said during a press conference. “We should build our own army”, Atambayev said. “The last five years have shown…
DetailsThe effect for Ukraine from additional trade preferences, the draft regulation of was presented in September, in terms of product exports to the European Union will reach nearly $100-150 million, the Deputy Minister of Economic Development and Trade of Ukraine – Trade Representative of Ukraine Nataliya Mykolska declared. According to her, it is not the…
DetailsIn 2017PJSC Ukrzaliznytsia intends to purchase 9,000 new freight wagons, Prime Minister of Ukraine Volodymyr Groysman has said. “We are approving a serious program of Ukrzaliznytsia modernization. Next year we will purchase 9,000 new cars, I mean cargo wagons, plus there will be passenger carriages”, he said during his visit to Kriukiv Car Building Works…
DetailsAshgabat will host the next session of the Energy Charter Conference in 2017. The Turkmen capital is becoming an international discussion platform, which addresses the most important issues of development of the global energy resources market, development and introduction of the latest technologies, and the ways of development of oil and gas industry. Turkmenistan was…
DetailsTurkmenistan sees Germany as one of its leading partners, Turkmen President Gurbanguly Berdimuhamedov said in his message to participants of the Turkmen-German business forum. “German companies are among those first, which entered the promising Turkmen market and had been effectively working in various areas for many years that proved the existence of favorable investment climate…
DetailsUkrainian President Petro Poroshenko has signed the law on amendments to certain legislative acts of Ukraine on elimination of administrative barriers to exports of services, adopted by the Verkhovna Rada on November 3. According to the official website of the president, the document will minimize administrative barriers when signing international contracts, as well as accounting…
Details10.4 KMT of rapeseed oil was shipped to foreign markets in October against 15.4 KMT in September and 16.4 KMT in October 2015. In total 41.7 KMT was supplied to foreign market in the first four months of 2016/2017 (July-October), down by 63.2 KMT (60%) YoY (104.9 KMT). The rapeseed oil export trends are similar…
DetailsIn September the average salary in the municipality of Chisinau amounted to MDL 6,084.6, 17.7% more than the average salary in Moldova. According to the National Bureau of Statistics, it grew by 8.9% YoY. In particular, the average salary in Chisinau’s budget sector was MDL 5,201.1, up by 8.7%. In the real sector it averaged…
DetailsIn November against October the average market price for 1 square meter of apartments in Chisinau stayed unchanged at EUR 52. Against last November, it reduced by EUR 17. The price for apartments in Chisinau has reached its lowest since the beginning of 2016. In November 1 square meter in one-room apartments cost EUR 545…
DetailsAccording to the official customs figures, in July-October the exports of Kazakh wheat increased by 22% YoY and totaled 1.1 million tons. Uzbekistan became the largest country-importer of Kazakh wheat and purchased nearly 50% of the reporting grain volumes. During the first four months of the current season Kazakhstan exported 0.7 million tons of wheat…
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