The Asian Development Bank (ADB) can act as a shareholder in Azerbaijani companies, the country’s Economy Minister Shahin Mustafayev said. He made the remarks in Baku on November 15, at a meeting with ADB Vice President Wencai Zhang, responsible for operations in the ADB South Asia Department and the Central and West Asia Department. During…
DetailsAzerbaijan did a great job to ensure efficiency in transit transportations, Counselor for Economic Affairs at the US Embassy Carter Wilbur said. He made the remarks on November 16, during the Azerbaijan Infrastructure, Power and Renewable Energy Investment Conference in Baku. Azerbaijan, Turkey, Kazakhstan and Georgia did a great job to improve the speed and…
DetailsThe Belarusian industrial group Belorusneft will use a new technology of its own design to rack up oil extraction in Ukraine, the company’s press service reported. In line with the agreement with the Ukrainian company Universal Drilling Technique (aka UniDrillTech) Belarusian specialists intend to carry out five special operations using the technology that has been…
DetailsFalling grain deliveries by trucks have resulted in a heavier load on railways. At the same time, the railcar fleet, which consists of 11,500 to 13,000 grain-carrying cars according to different estimates, constantly shrinks and is 95% worn-out. Since the Ukrainian Railways merely lacks money to replace its railcar fleet, the only way out is…
DetailsEnterprises of the Belarusian Industry Ministry are invited to take part in the project to set up a Russian industrial zone in Egypt. The project was presented during the latest session of the joint board of the Belarusian Industry Ministry and the Russian Industry and Trade Ministry in Moscow. The invitation was extended by Russian…
DetailsPlans have been made to adopt a document formalizing the intended figures of food export to Russia in February 2017, Belarusian Agriculture and Food Minister Leonid Zayats reported. The official specified that Belarus was planning to sell some 4.1 million tons of milk and dairy products and over 300,000 tons meat and meat products to…
DetailsBelarus has resumed the deliveries of jet fuel produced by OJSC Naftan to Ukraine, Commercial Director of CJSC Belarusian Oil Company (BNK) Sergey Grib has said. “We have resumed deliveries to the Ukrainian market this month. We have talks with our Ukrainian colleagues, we have found understanding: in order to monitor and combat jet fuel…
DetailsUkrainian farmers are completing sunseed harvesting. As of November 14, they harvested 5816 thousand ha, or 98% of the intended area (5916.2 thousand ha). That was 16% more than on the same date last season (4992 thousand ha). Farmers obtained 13159 KMT of sunseed with an average yield of 2.26 MT/ha, which is an all-time…
DetailsBelarus’ gross domestic product (GDP) reduced by 2.8% YoY in January-October to 78.097 billion Belarusian rubles ($39.87 billion at the central bank’s exchange rate), an official with Belarus’ National Statistics Committee reported. Industrial output in January-October fell by 1.5% YoY to Br64.93 billion ($33.15 billion). Farm output grew b 3.8% YoY to Br13.547 billion ($6.92…
DetailsBelarusian Minister of Foreign Affairs Vladimir Makei met with Michael Harms, Executive Director of Germany’s Committee on Eastern European Economic Relations, to discuss ways to step up the cooperation between the two countries, the press service of the Belarusian Ministry of Foreign Affairs reported. “The parties discussed prospects for bolstering the trade and investment cooperation…
DetailsPresident of Azerbaijan Airlines CJSC (AZAL) Jahangir Asgarov and Director General of Kuwait’s Civil Aviation Yousef Sulaiman Al Fouzan signed an intergovernmental agreement on air traffic between the two countries on November 16. By signing the intergovernmental agreement, the sides removed obstacles to open air traffic between the two countries that would contribute to further…
DetailsExperts of the Japan International Cooperation Agency had a meeting with the management of the Kherson commercial seaport and discussed possible cooperation, the enterprise’s chief Andriy Sokolov said. For seven years now, the company’s representatives have been looking for adequate projects in Ukraine to provide technical assistance with subsequent possible financing. Using Japanese (sovereign) loans,…
DetailsMyronivsky Hliboproduct (MHP) in July-September saw $8 million of net loss compared to $24 million of net profit a year ago. According to a financial report of the company, revenue grew by 6%, to $369 million, gross profit – by 20%, to $89 million and earnings before interest, taxes, depreciation and amortization (EBITDA) fell by…
DetailsAccording to the State Statistics Service, in January-September Ukraine exported agricultural products valued at $10.4 billion, or 40.2% of the general national exports, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, grain crops ($4.2 billion, or 16.4% of the general agricultural exports), food preparations ($1.6 billion, or 6.2%), fats and oils…
DetailsIn the first month of season 2016/2017 (September) Kazakhstan exported 355.16 KMT of wheat, up by 1/3 YoY (260 KMT). The key destination markets for Kazakh wheat in this period included its traditional importers: Uzbekistan, Tajikistan, and Afghanistan, but with substantially increased shipments for this time of season. Shipments to China also grew considerably. Kazakh…
DetailsIn January-October the production volumes of agricultural commodities in Ukraine increased by 3% YoY at the expense of rising production volumes of plant growing commodities, the State Statistics Service of Ukraine announced. In particular, the production of plant growing products grew by 5%, while livestock products were down by 2.8%. According to the statistics data,…
DetailsIn January-October the JSC Ak Biday Terminal, the subsidiary company of National Company Food Contract Corporation JSC, exported nearly 409.1 thousand tons of grains through its grain terminal in the Aktau port, the press-service of Food Contract Corporation declared. According to the announcement, in the same period of 2015 the shipped volumes totaled over 330…
DetailsKazakhstan’s trade turnover with the Eurasian Economic Union (EAEU) amounted to $9.26 billion in January-September, down by 26.4% YoY, Kazakh Statistics Committee said. Kazakhstan’s exports to fellow EAEU countries decreased by 31.6%, to $2.75 billion, while imports were down by 23.9% hitting $6.5 billion, said the committee. A lion’s share – $8.66 billion – of…
DetailsUkraine and France have signed a plan of bilateral cooperation for 2017 between the Defense Ministry and the General Staff of the Armed Forces of Ukraine and the Ministry of Defense and the Armed Forces Staff of the French Republic. The document was signed after a meeting of the Ukrainian-French commission on bilateral cooperation. The…
DetailsAir temperatures went up towards November 11. Rainfalls of various intensities were observed. Average daily air temperatures stayed within the range of + 1 C to +14 C, or 1.5-9 C above normal. Precipitation of various intensities (2.2 to 43 mm) occurred all over the country. Significant rainfalls have caused waterlogging of the soil in…
DetailsIn the nearest future, Ukraine will continue developing as one of the major countries-producers and exporters of main types of food products on the world market, the Deputy Minister of Agrarian Policy and Food of Ukraine for European Integration Olga Trofimtseva declared. There are not so many countries in the world, which will be able…
DetailsTrade restrictions imposed by Moldova to protect the domestic market in Maymaking obstacles for Ukrainian exports will be annulled from January 1, 2017, First Deputy Prime Minister and Economic Development and Trade Minister of Ukraine Stepan Kubiv has said with the reference to Deputy Prime Minister and Minister of Economy of Moldova Octavian Calmac. “Moldova…
DetailsIn January-September Moldova’s exports to Russia decreased by 3.5% YoY, to $168.2 million. At the same time, Russia’s exports to Moldova reduced by 3.5% to $371.4 million. The share of RF in Moldova’s exports shrank from 12% to 11.7%, its share in Moldova’s imports declining from 13% to 12.8%. In the reporting period Russia was…
DetailsIn January-September Moldova’s exports to Romania grew by 6.8% YoY, to $355.7 million. The share of the deliveries to Romania in Moldova’s total export increased by 1.8%. At the same time, the deliveries from Romania to Moldova reduced by 9.6% to $395.4 million, their share in the total amount of Moldova’s import shrinking by 1.1%…
DetailsUkraine is implementing its liabilities to carry out transit of Russian gas to Europe in the full amount, and doubts expressed by the Russian president are the continuous long-lasting discriminative campaign, Ukrtransgaz said in a statement. “Ukraine was, is and will be a reliable gas transit country. The statement that the country allegedly unlawfully pumps…
DetailsOn November 15, the head of the Ministry of Agriculture of the Russian Federation Alexander Tkachev reported about the plans of the country to export nearly 40 million tons of grains in 2016/2017 MY. According to him, the forecast export volumes vary within the range of 35-40 million tons. Last week the Ministry of Agriculture…
DetailsAccording to scientists of the Institute of Agrarian Economics, in 2016 the general production of agricultural goods will increase by 3.7% YoY and total 248.2 billion UAH, the Director of the National Scientific Center “Institute of Agrarian Economics” Yuri Lupenko declared. In particular, the production volumes of plant growing commodities will increase by 6.1% to…
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