According to official data, in August Ukrainian barley exports grew by 17% YoY and equaled 1924 KMT against 1019.5 KMT. During the first two months of 2016/2017 (July-August) Ukrainian exporters shipped 2204 KMT of barley, which was an absolute record for the period in question. Traditionally in August Saudi Arabia lowered its purchases, importing 371…
DetailsUkrainian President Petro Poroshenko has expressed appreciation to the United States for the decision on loan guarantees and invited U.S. companies to join the National Investment Council. “The last decision on granting loan guarantees from the U.S. government is the recognition of our achievements, as well as the decision of the International Monetary Fund to…
DetailsUkraine’s economy in 2017-2021 may grow by 2-5% per year. This was the forecast made by 54.2% of participants surveyed at the Ukrainian Financial Forum, organized by ICU (a financial services company) in Odessa on September 29-30. According to a poll conducted among the participants, 37.5% of respondents forecast an increase in the country’s GDP…
DetailsRussian Prime Minister Dmitry Medvedev has approved of a proposal to develop a national competition development plan, and the Federal Antimonopoly Service will report to the government on its first steps in two months, the service’s Director Igor Artemyev reported. The plan will be similar to the national plan for fighting corruption. “The government is…
DetailsAccording to regional agricultural departments, as of September 28, Kazakh agrarians harvested grains throughout 14.24 million ha, or 92.7% of the planned areas, the Ministry of Agriculture of the Republic of Kazakhstan declared. As of the reporting date, agrarians produced 21.363 million tons of grains, up by 8.21 million tons YoY. The average yield totaled…
DetailsDuring three recent seasons, the export volumes of flour from Kazakhstan stabilized at nearly 1.8 million tons. Uzbekistan, Tajikistan, Kyrgyzstan and Afghanistan became the main countries-importers of Kazakh flour, the Director of the Grain Processors and Bakers Union of Kazakhstan Evgeny Gan declared. Some time ago, Uzbekistan has imposed the protective customs duty at nearly…
DetailsIn the current year, the general grain harvest in Russia will reach nearly 115 million tons in clean weight, the President of the Russian Grain Union Arkady Zlochevsky declared. At the same time, the previous forecast varied within the range of 114-118 million tons. Taking into account the harvest volumes at the level of 124…
DetailsIn August Ukraine exported 85 KMT of sunflower meal against 256 KMT in July 2016 and 102 KMT in August 2015. Thus, total volume exported in 2015/2016 MY (September-August) equals 3655.4 KMT against 3364.1 KMT in the previous season. In 2015/2016 Ukraine considerably diversified its sunflower meal export market, delivering it to 16 countries. Moreover,…
DetailsRussian gas giant Gazprom has received permits for survey works on two deep-sea threads of the Turkish Stream natural gas pipeline in Turkey’s territorial waters through diplomatic channels, the company said in a statement. “Constructive, swift cooperation with the Turkish partners should be noted here. The work on the Turkish Stream is going on at…
DetailsParticipation of the International Bank of Azerbaijan (IBA) in the annual banking and financial conference and exhibition Sibos in Geneva aroused interest of the visitors. This year the IBA joined this leading global event for the international financial community for the first time. The IBA’s stand was placed in the center of the exhibition hall…
DetailsIn January-August fish and seafood products worth $77 million were imported from Norway to Ukraine, which makes 78% of total imports from Norway. According to acting State Fiscal Service Deputy Head Myroslav Prodan, there are no systemic problems with the customs valuation of fish and seafood products from Norway, and thus the positive trend is…
DetailsDuring several recent seasons, Kazakhstan demonstrated significant differences in the grain harvest volumes per year. However, even in bad harvest years grain production volumes were enough to completely meet the country’s domestic and export requirements, the Director of the Grain Processors and Bakers Union of Kazakhstan Evgeny Gan declared. He said that previously wheat covered…
DetailsThe prolongation of a freeze of the accumulative part of Russian pension savings into 2017 will mean abolishment of this system, which is a bad sign for the market and citizens, and the Economic Development Ministry offers a partial unfreeze of the pensions, Deputy Minister Oleg Fomichyov announced. The government froze the accumulative part of…
DetailsFESCO Transportation Group and Rusagro Group have signed an Agreement of intent to arrange a special-purpose technology based on the Vladivostok Commercial Sea Port (part of FESCO Group) infrastructure to handle export agricultural products, FESCO says in a press release. The agreement is intended to optimize the supply logistics of Rusagro goods to the Asia…
DetailsBulgaria is interested in exporting a wide range of products to Azerbaijan, Bojidar Loukarsky, Bulgarian minister of economy, said. He added that the issue was pharmaceutical products and medical equipment, clothing, food and other agricultural products, building constructions, as well as the construction of mini-plants for vegetable and fruit processing, etc. “Bulgaria is greatly interested…
DetailsAzerbaijan appreciates Bulgaria’s constructive stance regarding prevention of any unlawful acts, including attraction of the Bulgarian capital and resources to Azerbaijan’s occupied territories, the country’s Minister of Transport Ziya Mammadov said. “This year, the Foreign Ministry of Azerbaijan has submitted a report on the illegal economic and other activities in the occupied territories of Azerbaijan…
DetailsBulgaria confirms great interest in the implementation of the Southern Gas Corridor project, designed to transport Azerbaijani gas to Europe, Zhecho Stankov, Bulgarian deputy energy minister, said.
Stankov made the remarks at the meeting of the Azerbaijani-Bulgarian intergovernmental commission on economic cooperation in Baku on September 29. (Trend/Business World Magazine)
China’s petrochemical company Xinjiang Beiken Energy Engineering Stock Co., Ltd has opened its office in Azerbaijan. The company registered its office through the “single window” system of the Ministry of Taxes. The Chinese company’s official representative in Azerbaijan is an Australian citizen Gao Yang. Xinjiang Beiken Energy Engineering Stock Co., Ltd is based in Karamay,…
DetailsAs of September 29, agricultural organizations of Belarus planted winter grain crops throughout 1.12 million ha, or 83.4% of the plan, the Ministry of Agriculture and Food declared. Also, agrarians continued the harvesting campaign. In particular, Belarus harvested 197 thousand tons of corn for grain throughout the areas of 26.7 thousand ha (15.1%). The average…
DetailsAzerbaijan’s sole reinsurance company AzRe Reinsurance OJSC plans to increase its authorized capital by 25%, to 50 million manats (AZN), the message of Azerbaijan’s Financial Market Supervisory Body said. The supervisory body registered the issue of ordinary nominal book-entry shares of the reinsurance company at face value of 25,000 manats in 2000. The issue placement…
DetailsAzerbaijan enjoys great reputation around the world, President Ilham Aliyev said, addressing the opening ceremony of the 5th Baku International Humanitarian Forum. “Next month we will mark the 25th anniversary of restoration of our independence”, Aliyev said, adding that most of the years during this 25-year period had been the years of progress and development.…
DetailsBelarus plans to sign an agreement with the Export-Import Bank of China to promote Chinese direct investments to the tune of about $5 billion, Belarus’ Economy Minister Vladimir Zinovsky reported. “During this visit (the state visit of Belarus President Alexander Lukashenko to the People’s Republic of China on September 28-30) a loan agreement with the…
DetailsTurkey is interested in agrarian products and research institutions in the agricultural sector. This has been said by the Deputy Minister of Agrarian Policy and Food on European Integration Olha Trofimtseva after the third meeting of the Ukrainian-Turkish working group on agriculture. “Ukraine is interested in exports of vegetable oils, including sunflower, as well as…
DetailsPublic joint-stock company Ukrzaliznytsia is testing TE33€ freight diesel locomotive made by General Electric Corporation (the United States). “The General Electric’s locomotive is being tested in Ukraine. The tests will last for four months. All its capabilities will be tested”, Ukrainian Infrastructure Minister Volodymyr Omelyan said at the presentation of the locomotive in Kyiv. He…
DetailsOn September 27, Uralkali held its extraordinary general meeting of shareholders (EGM) in the town of Berezniki (Perm Territory). Uralkali’s EGM elected the new board of directors, including Sergey Chemezov, Dmitry Konyaev, Dmitry Lobyak, Luc Maene, Sir Robert Margetts, Dmitry Mazepin, Dmitry Osipov, Paul Ostling and Dimitry Tatyanin. The EGM also elected the new revision…
DetailsUkrainian farmers continue to harvest sunflower. As of September 26, 3160.6 thousand ha had been threshed, or 53% of the planned area (5916.2 thousand ha), down by 2% YoY (3227 thousand ha). 6757.6 KMT was obtained with the average yield of 2.14 MT/ha (in 2015 – 6619 KMT with yield of 2.05 MT/ha). Soybeans had…
DetailsUkraine, that lost three places in the Global Competitiveness Index (GCI) published by the World Economic Forum a year ago, has fallen six places more and was 85th among 138 countries. Ukraine had low scores in the following areas: financial market development (130th), institutions (129th), macroeconomic environment (128th), goods market efficiency (108th) and business sophistication…
DetailsIn August Ukraine exported 2851.2 KMT of wheat, up by 50% YoY (1892.8 KMT). Over the first two months of the current season Ukrainian exporters shipped 34% more wheat than over the same period of last season (3575.5 KMT against 2662.4 KMT in July-August 2015/16). Thailand is still the key importer of Ukrainian wheat with…
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