In 2015/2016 MY the imports of seeds of high-oleic sunflower to Ukraine (for the harvest-2016) totaled 2.2 thousand tons, up 2.5 times YoY. Due to development of the market of high-oleic sunflower oil in the country, the planted areas under the oilseed started growing, and the demand for seed raw materials and market capacity continues…
DetailsUkraine’s Antimonopoly Committee has prepared a suit forcing Russian gas giant Gazprom to pay a $3 billion fine, the committee’s head Yury Terentyev said. The Antimonopoly Committee imposed the fine in 2015 to punish the company for its monopolist position on the transit gas market. Gazprom was baffled with the decision because it did not…
DetailsIn June soybean exports from Ukraine reached 236.9 KMT against 170.6 KMT in June 2015. During the current season 2015/2016 (September-June) Ukraine supplied 2178.4 KMT of soybean to foreign markets, decreasing the spread lag compared to previous season to 3.7%. Taking into account stable exports during the last four months, it’s very likely that the…
DetailsIn 2015/2016 MY, the Nibulon company shipped 4.66 million tons of grains to foreign markets, up by 14% YoY, the press-service of the company declared. In 2015/2016 MY, corn traditionally became the major export crop of Nibulon (over 1.8 million tons). Wheat export totaled over 1.9 million tons, and barley – nearly 560 thousand tons.…
DetailsA team of scientists from the Zhytomyr National Agroecological University has won the competition of the projects within the Erasmus+ program, which is funded by the European Union. The Ukrainian scientists will implement the educational module “Agricultural Policy of the European Union” during the three academic years. The cost of the project is 798,456 UAH…
DetailsA draft agreement on the Customs Code of the Eurasian Economic Union (EEU) is expected to be signed at a session of the Supreme Eurasian Economic Council in December, the press service of Belarus’ State Customs Committee said. The draft agreement on the EEU Customs Code was submitted for domestic legal procedures in the EEU…
DetailsInsight into investment climate of the country may considerably improve efficiency of business planning and calculation of project profitability. Consulting agency UkrAgroConsult has created a new tool providing information on capital investments amount by Ukrainian region. Interactive map makes it possible to evaluate the investment amount in a certain region over the past few years.…
DetailsBelarus intends to offer even more preferences to resident companies of the China-Belarus industrial park Great Stone. Belarusian Economy Minister Vladimir Zinovsky made the statement before the session of the Belarusian-Chinese intergovernmental committee on cooperation on August 18. “We are preparing a draft presidential decree that will introduce serious changes into the document that regulates…
DetailsAccording to the regional agricultural departments, as of August 18, Kazakh agrarians harvested grains throughout 941.6 thousand ha, or 6.2% of the planned areas, the Ministry of Agriculture of the Republic of Kazakhstan declared. As of the reporting date, agrarians produced 1.96 million tons of grains, up by 462 thousand tons YoY. The average yield…
DetailsUkraine’s Infrastructure Ministry has started the revision of all regulatory acts to see if they comply with the public regulatory policy. The ministry’s press service reported that Deputy Infrastructure Minister Dmytro Romensky gave information on August 19, 2016 at a first meeting of the working group. “According to the order of the first deputy prime…
DetailsAccording to the official statistics figures, in July Russia exported 109.2 thousand tons of peas, up by 63% YoY. Turkey traditionally became the largest buyer of the Russian crop, and purchased 67.1 thousand tons of peas, against 51.8 thousand tons in July 2015. However, its share in the import structure in the reporting month dropped…
DetailsIn 2016/2017 MY, Russia will supply nearly 40 million tons of grains on foreign markets, the head of the department of agribusiness market regulation at the Ministry of Agriculture Vladimir Volik reported. In particular, the forecast of wheat exports from Russia in 2016/2017 MY totals 26-30 million tons, against 24.6 million tons last season. At…
DetailsRussia’s oil company Gazprom Neft has 130,000 tons of crude oil processed on the give-and-take basis at Mozyr NPZ oil refinery in H1 2016, down by 35% YoY. Gazprom Neft has been supplying crude to Mozyr NPZ in accordance with the export schedule. The oil is shipped to Mozyr NPZ and the latter produces oil…
DetailsThe Economic Court of Brest Region has started bankruptcy proceedings regarding Brest Household Chemicals Plant, the Finance Ministry of Belarus said in a release.
The country’s largest manufacturer of household detergents, perfumery and cosmetics, Brest Household Chemicals Plant earned a net loss of Br406.9 million ($209.958 million) in Q1 2016. (Prime-TASS/Business World Magazine)
Belarus’ proceeds from oil product exports dropped by 35.3% YoY in January-June to $2.457 billion, a government source reported. In physical terms, Belarus’ oil product exports decreased by 1.5% YoY, to 8.869 million tons. The decline in proceeds from oil product exports results in the first place from the plunge in global prices of oil…
DetailsBelarus’ proceeds from exports of petroleum products to Latvia grew by 55% YoY in January-June to $57 million, a source in the profile ministry reported.
Belarus exported 154,235 tons of petroleum products in January-June to Latvia, up by 85% YoY. (Prime-TASS/Business World Magazine)
Summarizing the results of soil moisture content analysis held in mid-August, soil moisture stocks are good at major part of cornfields. Due to rains in the first ten days of August, waterlogging remains a problem in some areas of Vitebsk and in the west of Minsk region where precipitation was often seen. At the same…
DetailsAuchan Retail Russia, a local unit of French retailer Auchan, plans to open up to 20 Lillapois Beauty cosmetics stores per year with annual investments amounting to about 400 million rubles, Eric Didierdefresse, the project’s head, said. The first Lillapois Beauty store opened in Moscow on August 19, and two more shops will be open…
DetailsPublic joint-stock company Ukrnafta will develop gas production as a top priority direction, as oil royalty is set at a higher level, the company’s press service has reported. “Taking into account the cash cost, it is more beneficial to produce gas than oil for us. Finally we plan to produce more gas and spend fewer…
DetailsLight life of Kyrgyzstan directly depends on the water level in Toktogul reservoir. If there is a lot of water, there will be an uninterrupted supply of electricity, little water will result in rolling blackouts. This year, forecasters gave a magnificent forecast: low-water period has ended in Kyrgyzstan. However, energy sector workers are not in…
DetailsRosatom intends to develop the most cost-effective nuclear power plant (NPP) in the world by 2027, according to the corporation’s roadmap of innovative development until 2030. Russian state company Rosatom is actively working to improve the competitiveness of its nuclear projects proposed for construction abroad in order to fix its leadership on the global market.…
DetailsFleet of the Turkmenistan Airlines has been recently renewed with several Boeing aircraft, the Turkmen government said in a message. Turkmenistan received three Boeing 737-800 aircraft in 2013 and two Boeing 777-200 LR aircraft in 2014. In April 2015, Turkmenistan decided to purchase three more Boeing 737-800 aircraft. In addition, Turkmenistan is considering the further…
DetailsThe Turkmenistan-Afghanistan-Tajikistan (TAT) railway, which is under construction, is intended to stimulate trade ties between the countries of the region, the Turkmen government said in a message. The first phase of the project envisages construction of two railway sections: a 85-kilometer Atamyrat-Imamnazar line in Turkmenistan and a 38-kilometer line from Imamnazar to the Andkhoy village…
DetailsTajikistan has reportedly increased manufacturing of oil products over the first seven months of this year. According to the Agency for Statistics under the President of Tajikistan, about 70,000 tons of oil products have been manufactured in Tajikistan in January-July, up by 30.3% YoY. The agency attributes the increase in the volume of oil products…
DetailsOAO Slootsk sugar refinery’s shareholders adopted a resolution on Aug 12, to increase the state-owned stake from 25.4% to 51%. The state-owned stake will be increased by means of issuing additional shares, which will be surrendered to the state. The sugar refinery’s statutory capital is made up of 336,059 shares with a face value of…
DetailsAzerbaijan will import 4,000 tons of AI-92 gasoline in the coming days, the country’s state oil company SOCAR said in a message posted on its website. The message said the Azerbaijani Cabinet of Ministers’ decree on canceling the customs duty on the gasoline import was made on the basis of SOCAR’s appeal in connection with…
DetailsOn August 15, Beijing (China) hosted a presentation of the tourist potential of Uzbekistan. The event organized by “Uzbektourism” jointly with the Association of private tourism organizations of Uzbekistan, Embassy of Uzbekistan in China with the support of the State administration of tourism of China and China Association for the promotion of friendship, was attended…
DetailsGrodno authorities are making preparations to convert the state-owned Hotel Belarus into an open joint stock company and sell a stake to an investor, Grodno Regional administration said. Built in 1968, Hotel Belarus is an 8-storied building with 242 rooms. The hotel is located in the city center. Earlier Lithuania’s Arvi Group considered buying the…
DetailsProposals have been brought forward to cancel more than 40 administrative procedures for businesses, the press service of the Belarusian Economy Ministry reported. A working group for the simplification of administrative procedures was set up under the Prime Minister’s instruction. The minutes of the meeting of the working group held on April 27, read that…
DetailsOil Traders Association of Kyrgyzstan asks to open access to the market of petroleum products of Kazakhstan, executive director of the association Ulan Kulov announced at the meeting on the problems of the fuel market. According to him, no one has exact data on smuggling. “We can judge by reduction of imports by 90,000 tons.…
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