In the agricultural industry Ukraine has to move in the direction of developing value-added commodities production, the Minister of Agrarian Policy and Food of Ukraine Taras Kutovyi declared. The Minister noted that large-scale agricultural corporations had fairly good level of development. As for medium and small-scale companies, they have somewhat lower yield level. But at…
DetailsUkraine imported 3.002 billion cubic meters of natural gas worth $586 million in the first half of 2016, including 19.596 million cubic meters worth $4.133 million in June alone. The average cost of imported gas in June was $210.9 per 1,000 cubic meters, up by $26.7 MoM. The bulk of the imports in June –…
DetailsFrench automobile concern Renault plans to deliver cars to Azerbaijan from Russia. Renault has already started to deliver cars to Kyrgyzstan from Russia. Meanwhile, the company wants to expand opportunities to localize the production thanks to the access to new markets of the CIS (Commonwealth of Independent States), while car sales in Russia decrease against…
DetailsRomanian farmers have finished rapeseed harvesting. 2016 rapeseed harvesting campaign was the most productive ever in Romania. For more than 20 years rapeseed acreage in Romania has been expanded to the third largest acreage over the reporting period. In autumn 2015, sowing was carried out at the optimum seeding time. In general, wintering of this…
DetailsRenault Russia has launched exports of cars made in the country to Kyrgyzstan, the company said in a statement. “Renault Russia announces a launch of supplies of cars to Kyrgyzstan, thus expanding the export project to the CIS states. The first export supplies of Renault cars to the country were carried out in the framework…
DetailsAs of August 22, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the areas of 26.2 million ha (on the same date in 2015 – 22.3 million ha), or 55.4% of the planned areas (47.3 million ha). The produced volumes reached 80.7 million tons of grains, with the average yield of…
DetailsRussia’s budget deficit may exceed 3% of the gross domestic product (GDP) in 2016, Prime Minister Dmitry Medvedev said after a government meeting. “The expected deficit this year will amount to more than 3%. It is higher than planned, naturally, we will do everything we can to keep the deficit in the framework of the…
DetailsTrade consequences of regional agreements may be adverse for countries not participating in them, department director of Russian Ministry of Economic Development Maxim Medvedkov said. In particular, Russia’s losses from Ukraine’s associations with the EU may climb to billion values, he added. “These effects are related to surging trade inside the region, sometimes prejudicing turnovers…
DetailsThe President of Tajikistan Emomali Rakhmon took part in the opening ceremony of a number of facilities in the city of Sarband of Khatlon region. In particular, in this city, with the participation of E. Rakhmon, a refrigeration chamber with capacity of 1 thousand tons of fruits and vegetables was commissioned. The camera is equipped…
DetailsMinsk is close to reaching mutual understanding with Moscow regarding the price of Russian natural gas for Belarus and on exports of Russian oil to the country, Belarusian Prime Minister Andrei Kobyakov reported. “We slightly contracted in July, (our gross domestic product fell) by 0.2%. But this happened specifically due to a 700,000 ton decrease…
DetailsOAO Minsk Silicate Materials Plant will be incorporated by the Belarusian Cement Plant (Kostiukovichi, Mogilev region) in accordance with resolutions made by shareholders of both companies. The parties are expected to finalize the merger by December 2016. Besides, the Belarusian Cement Plant will increase its statutory capital by issuing 287,227 supplementary shares with a face…
DetailsTwo Soligorsk-based companies: Belaruskali and Shakhspetsstroi – have started mining potash ore at the Garlyk mining and processing factory in Turkmenistan, a Belaruskali official said.
The general contractor for the Garlyk ore-mining project is OAO Belgorkhimprom (based in Minsk), which is supposed to launch the ore dressing factory in March 2017. (Prime-TASS/Business World Magazine)
The Belarusian artificial yarn manufacturer SvetlogorskKhimvolokno and the Hungarian retail chain Maxi Foods have signed a cooperation agreement. The document was signed during the presentation of the Belarusian economy at the international agriculture and food expo AGRA in the city of Gornja Radgona, Slovenia, the representatives of the Belarusian expo organization company BelInterExpo informed. Negotiations…
DetailsA Belarusian enterprise producing agricultural machines will be established in Kaluga region, Russia, the press service of the Embassy of Belarus in Russia reported. A Belarusian delegation led by Deputy Industry Minister Dmitry Korchik arrived in Kaluga region on August 23, with a working visit. The purpose of the visit is to study the region’s…
DetailsBelarus’ national stand has been presented at the international fair of agriculture and food AGRA in Gornja Radgona, Slovenia on August 20-25, the press service of the Belarusian Ministry of Foreign Affairs informed. The Belarusian National Exposition has featured the Belarusian enterprises of Belneftekhim Concern, Minsk Tractor Plant, Gomselmash, Minsk Kristall Group, Savushkin Product, Santa…
DetailsBelarus plans to increase its gold and foreign currency reserves by $500 million in 2017, Prime Minister Andrei Kobyakov said. It is a complex task but achievable, if the government and the National Bank coordinate their efforts, said Kobyakov. Belarus just needs to make an effective use of contacts and agreements with international financial institutions.…
DetailsAs of August 24, agricultural organizations of Belarus harvested grains and pulses throughout the areas of 2 million ha, the Ministry of Agriculture of the Republic of Belarus declared.
The average yield totaled 3.37 t/ha. The harvested volumes reached 6.733 million tons of grains, down by 1.81 million YoY.
(APK-Inform/Business World Magazine)
The Asian Development Bank (ADB) has postponed the consideration of allocating a $200 million loan for implementation of the International North-South Transportation Corridor project, as well as for development of Azerbaijan’s railway sector, till the next year, said an ADB message. Earlier, the bank’s management planned to hold the project’s overview on December 12, however,…
DetailsPresident of Uzbekistan Islam Karimov signed a decree “On increasing the sizes of salaries, pensions, stipends and social allowances” on August 22. The document was adopted at increasing income and life standards of population, as well as strengthening social support of citizens of Uzbekistan. According to the decree, the salaries to workers of budget organizations,…
DetailsThe Belgorod Region has approved of construction of one of Russia’s largest greenhouse project of the Greenhouse company owned by Arkady Abramovich, son of tycoon Roman Abramovich. The first, 5.93 billion ruble stage includes construction of 24 hectares of greenhouses until the end of 2017, which will allow the company to produce 19,300 tons of…
DetailsConsortium of South Korean companies completed construction of the second combined-cycle gas turbine with capacity of 450 MW at the Talimarjan thermal power plant in Kashkadarya region. The second block started to generate electricity. The third block will start its operation by the end of 2016. With full realization of the project production capacity of…
DetailsThe construction of the Trans Adriatic Pipeline (TAP), which is designed to transport Azerbaijani gas to European markets, is progressing fully in line with its schedule, TAP AG said. TAP AG tweeted on August 24, that it started welding pipes in Greece and Albania. All welds undergo ultrasonic testing, TAP said. TAP project envisages transportation…
DetailsCommissioning of the railway Dushanbe – Kurgan-Tyube – Kulyab is extremely important and valuable for further improvement of the welfare of the population, progress and development of the national economy, said the President of Tajikistan Emomali Rakhmon, who became the first passenger to travel this road by train. He noted that with the opening of…
DetailsTurkmenistan’s Foreign Ministry hosted a meeting with Indonesia’s Iran-based Extraordinary and Plenipotentiary Ambassador Octaviano Alimuddin, the Turkmen ministry said. During the meeting, the sides exchanged views on opportunities to intensify mutually beneficial trade and economic relations between enterprises, companies and entrepreneurs of the two countries. The parties also discussed prospects of bilateral cooperation in political,…
DetailsTurkmenistan and Malaysia have exchanged views on expansion of trade and economic cooperation between the two countries, the Turkmen Foreign Ministry said. The meeting with Ambassador of Malaysia took place in the Turkmen Ministry of Foreign Affairs. The spheres of energy and education were noted among the priority areas of mutual interest. During the meeting,…
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