For the second consecutive season Bulgaria looses ground in corn market. While Ukraine, Russia and Romania increase corn production, Bulgarian farmers might have decided not to enter this competition. Firstly, after last season’s bad experience Bulgarian grain producers reduced corn planted area for the 2016 crop by 9.5% to the level of previous years, partially…
DetailsAccording to Bulgarian Ministry of Agriculture, as of October 6, 327 thousand ha of corn were threshed, which was 77% of the plan (423 thousand ha). 1685.8 KMT with the average yield of 5.16 MT/ha were threshed. Pace of harvesting is 23.6% higher than in 2015. As of the reporting date, average corn yield is…
DetailsThe Belarusian Potash Company (BPC) says it has opened an affiliated company in Ukraine. BPC’s Agrorozkvit (literally stands for AgroRenaissance) started operating in Ukraine in October. BPC refers to Ukraine as a country with developed agriculture and hopes to ensure maximum coverage of the country’s potash market with the help of Agrorozkvit led by Dmitry…
DetailsEnterprises run by the Belarusian state petrochemical concern Belneftekhim increased their export to Tatarstan by nearly 50% in January-August. Belneftekhim representatives met with the top executives of the Russian company Nizhnekamskneftekhim on October 17. The Russian company is one of the largest partners of the Belarusian petrochemical industry in Tatarstan. Upon the relevant instructions of…
DetailsBelarus’ industrial output decreased by 1.7% YoY in January-September to 58.136 billion Belarusian rubles (Br), or $30.199 billion at the official rate of the National Bank, the National Statistical Committee (Belstat) reported. Production of coke, oil products and nuclear materials reduced by 9.3% YoY in January-September to 8.351 billion rubles ($4.338 billion). The output of…
DetailsAccording to initial evaluations, in January-September Belarus’ gross domestic product totaled Br69.3 billion or 97.1% as against January-September 2015 in comparable prices, the National Statistics Committee of Belarus reported.
In January-September the deflator index of Belarus’ GDP totaled 108.2% as against the same period of last year. (BelTA/Business World Magazine)
60 cruise ships were serviced at the embankments of Saint-Petersburg in the navigation season of 2016. Those vessels brought to the city 26,000 cruise passengers, Andrei Mushkarev, Chairman of Saint-Petersburg Committee for Tourism Development, reported. According to him, FSUE Rosmorport is planning to reconstruct the landing stages at Angliyskaya and Lieutenant Shmidt embankments. (Portnews/Business World…
DetailsThe 2015/2016 marketing year was quite successful for Ukraine in markets of sunflower seed and its processed products. All-time high sunseed production at 11760 KMT was the key to such a success. Favorable agro-meteorological conditions allowed obtaining the best results on close to record planted area, owing to minimal losses and high productivity. High sunflower…
DetailsUkraine has extended for a year and has expanded the sanctions imposed in September 2015 against the Russian enterprises and companies, which are operating in the interests of the Russian security and defense sector. According to Ukrainian President Petro Poroshenko’s decree dated October 17, which enacted the Ukrainian National Security and Defense Council’s decision of…
DetailsAs of October 18, Ukrainian agrarians harvested 48.73 million tons of grains throughout the areas of 11.741 million ha, or 82% of the plan. The average yield totaled 4.15 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine reported t. At the same time, on the same date last year the production volumes reached…
DetailsAs of October 17, Ukrainian farmers threshed 4738.1 thousand ha of sunflower or 80% of the planned area (5916.2 thousand ha), down by 0.4% YoY (4755 thousand ha). 10375.3 KMT had been obtained with the average productivity of 2.19 MT/ha. In 2015, 10087 KMT had been obtained with the productivity of 2.12 MT/ha. Soybean had…
DetailsUkraine for the first time has included several offshore companies posing threat to the national interest in its sanctions list, namely Judson Trading Limited (Cyprus), Rock Ranch Properties S.A. (Panama), Powerful Choice Tech Ltd (the British Virgin Islands), Global Games Ltd (Belize), Novastar Group Ltd (Belize) and Gordon Solution Ltd (the British Virgin Islands). The…
DetailsInvestment potential of the new storing capacities with possibility of water transport handling is estimated at $250 million. This is what the director of Hermes-Trading Yuri Skichko believes. According to him, total handling capacities may reach 5-7 MMT by 2019/2020. Additional storing facilities for river logistics can reach 2.8 MMT, including the new ones –…
DetailsIn January-August the foreign trade deficit in goods in Ukraine totaled $1.465 billion against $548.5 million of the proficit in the same period last year, the State Statistics Service of Ukraine reported. In particular, in January-August the exports of commodities from Ukraine totaled $22.719 billion, down by 9% YoY. The import volumes of goods to…
DetailsSince October 2015, National energy company Ukrenergo has saved 5.3 billion UAH during procurement, acting director of Ukrenergo Vsevolod Kovalchuk said. “We have saved 5.3 billion UAH on procurement during a year of my work”, he said, adding that over 3 billion UAH was saved at tenders held at the end of September. The top…
DetailsOn October 10-16, Ukraine exported 506 thousand tons of grains from the seaports against 545.9 thousand tons on the previous week.
In particular, wheat shipments reached 244.1 thousand tons, barley – 135.4 thousand tons, and corn – 126.5 thousand tons. (APK-Inform/Business World Magazine)
TAP will be able to proceed with the replanting of the olive trees along the route in Italy, starting from the micro tunneling area, from November, Lisa Givert, TAP Head of Communications, reported. She was commenting on protests in Italy’s Puglia region demanding the pipeline re-routed away from the prized grove, which included olive trees…
DetailsWhen the Russian wheat aphid first arrived in Australia in May, Australia’s grain industry went into a panic because the insect was potentially devastating for cereal crops. But no one could have predicted the record rainfall that hit parts of South-Eastern Australia, which has virtually wiped out the exotic pest. South Australian Government principal entomologist…
DetailsRussian car producer AvtoVAZ has partially reintroduced a four-day workweek on its facilities because of a continuing decline of the car market, a spokesman for the company reported. “AvtoVAZ has again shifted to a four-day workweek. The B0 platform assembling Lada Largus, XRay and the Renault-Nissan class cars still works under a five-day schedule. The…
DetailsStroyCazMontazh has completed the first start-up phase at the Punginskoye underground gas storage facility (UGS). Works for Punginskoye underground gas storage facility expansion have included installation of two 16MW GPUs and gas-collection system, consisting of 12 wells within three well groups, as well as construction of three administration buildings, a measuring point and a control…
DetailsAzerbaijan’s oil supply is anticipated to average 0.87 million barrels per day, unchanged from the previous report, indicating minor growth of 10,000 barrels in 2016, OPEC said in its monthly oil market report. Azerbaijan’s crude oil output in August decreased by 30,000 barrels per day to average 0.86 million barrels per day, said the report.…
DetailsThe Turkish Stream natural gas pipeline project is synchronized with expiration of Russia’s gas transit contract with Ukraine in December 2019, Energy Minister Alexander Novak reported. “Speaking of the Turkish Stream, the project’s implementation deadline is December 2019, which means that the infrastructure will be built until the end of 2019. It is in full…
DetailsManned US missions to the International Space Station (ISS) aboard the Atlas V launch system and Boeing’s newly developing capsule will be carried out using Russia’s RD-180 engines, the Energomash space and rocket engine director Igor Arbuzov said. The first unmanned test launch of the heavy-lift Atlas V vehicle with Boeing’s Crew Transportation System (CTS)…
DetailsInternational Launch Services (ILS) and Eutelsat have announced the signing of two launch contracts for the 2018-2020 period. ILS is a Khrunichev Space Center subsidiary, which provides Proton-based launch services for global international commercial satellite operators, and Eutelsat Communications is one of the world’s leading operators of satellite communications, headquartered in Paris, France. The first…
DetailsThree potential investors are ready to invest money in the development of Kherson International Airport, Kherson Regional State Administration Chairman Andriy Hordeyev has said. “Our airport has been included in the airport development program in Ukraine. It is our airport that is the most prepared and that already has a project of reconstruction. As of…
DetailsAs of October 1, the registered carry-over stocks of grains and pulses in Kazakhstan totaled 14.594 million tons (up by nearly 10 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 2.899 million tons of grains. Wheat formed the…
DetailsOn October 15, Russia and India signed a deal on the deliveries of S-400 Triumph air defense systems and other equipment to India. Delivery of Russia’s most advanced anti-aircraft defense system, the S-400 Triumph, to India could begin in 2020 according to an agreement signed by Indian Prime Minister Narendra Modi and Russian President Vladimir…
DetailsOn October 10-16, the export volumes of grains from the Russian seaports reached 637.4 thousand tons against 325.9 thousand tons shipped on the previous week.
In particular, the wheat shipments totaled 526.8 thousand tons, barley – 3 thousand tons, corn – 101.5 thousand tons, and peas – 6.1 thousand tons. (APK-Inform/Business World Magazine)