Ukraine: Germany provides EUR 150 million for substation modernization in Donbas

Germany’s credit institution KfW is providing a EUR 150 million loan for implementation of a project to reconstruct substations in eastern Ukraine. The individual loan agreement between Ukraine’s Cabinet of Ministers and KfW was signed at the ninth meeting of the Ukraine-Germany high-level group on economic cooperation. Eva Witt, KfW Director for Eastern Europe, Caucasus…


Russia: trade surplus down in January-September 2016

Russia’s foreign trade surplus decreased by 48.1% YoY to $63.1 billion in January-September, the central bank said.

In January-September 2015, the foreign trade surplus amounted to $118.2 billion. (Prime/Business World Magazine)

Belarus tries out Ukrainian rapeseed meal

Belarusian farmers have finished rapeseed harvesting. Oilseeds and their processed products self-sufficiency remains the topical issue in the country these days. Belarus reduced rapeseed planted area for the fourth consecutive season. Besides, rather bad wintering also had a negative impact on production. Consequently, rapeseed production declines along with increase in meals imports to Belarus, particularly…


Belarus: imports down in January-August 2016

In January-August Belarus decreased the import of merchandise and services by 10.9% YoY to $18.978 billion, according to the latest statistics released by the National Bank. In January-August Belarus’ foreign trade totaled $38.1 billion, down by 12.7% YoY. Belarus’ exports amounted to $19.159 billion (down by 14.4%), with imports at $18.978 billion (down by 10.9%).…


Belarus and China to jointly produce electric vehicles

Belarus and China are considering opportunities for the implementation of joint projects in mechanical engineering. The prospects for the bilateral cooperation in this field were discussed during the recent meeting between Chairman of the State Science and Technology Committee of Belarus Alexander Shumilin and representatives of the Beijing Municipal Science and Technology Commission, the press…


Belarus: BCSE to change status

There is a plan to transform the Belarusian Currency and Stock Exchange (BCSE) into a multifunctional financial institution, NBB First Vice Chairman Taras Nadolny said. The National Bank of Belarus plans to promote further development of the stock market and recommends Belarusian banks to be more active in entering the statutory capital of state-owned companies.…


Ukraine: seaports grain exports halved in early October 2016

On October 3-9, Ukraine exported 545.9 thousand tons of grains from the seaports against 1.02 million tons on the previous week.

In particular, wheat shipments reached 312 thousand tons, barley – 155.6 thousand tons, and corn – 78.3 thousand tons. (APK-Inform/Business World Magazine)

Turkey to fine suppliers of unsafe foods to Russia

Turkey has proposed to control safety of all food products delivered to the Russian market as well as fine suppliers of unsafe foods, Deputy Minister of Turkey’s Food, Agriculture and Livestock Nusret Yazici said at the meeting with the head of Russia’s Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) Sergey Dankvert. “The products recognized…