Ukraine: wheat prices keep growing supported by strong demand from key importers

Last week milling wheat prices kept growing, mainly supported by increased CBOT wheat futures and strong demand from key importers.

Export prices for Ukrainian milling wheat with 11.5% protein have increased by 8% over the past month. Prices strengthened by $5 during the previous week. (UkrAgroConsult/Business World Magazine)

Ukraine: UIA enhances selection of additional services on charter flights

Ukraine International Airlines offers passengers of charter flights to take advantage of a vast selection of additional travel options. Effective as of October 24, when booking tickets at travel agencies passengers of all UIA charter flights are provided with an opportunity to purchase the following additional services: – Pre-paid Baggage: UIA offers passengers who would…


Belarus and Yaroslavl region agree to advance cooperation

Belarus and Russia’s Yaroslavl region have agreed to advance relations in manufacturing cooperation, road construction and pharmaceutics, the press service of the Embassy of Belarus in Russia reported. A Belarusian delegation led by Industry Minister Vitaly Vovk visited Yaroslavl region on October 20. The delegation included representatives of government agencies, industrial enterprises and their distributors…


Azerbaijan: A.M. Best affirms AzRe rating

A.M. Best, the world’s oldest and most authoritative insurance rating and information source, has affirmed the Financial Strength Rating of B+ and the Long-Term Issuer Credit Rating of “bbb-” of AzRe Reinsurance OJSC, the sole domestic reinsurer in Azerbaijan. The outlook of these Credit Ratings (ratings) remains stable, according to the service’s message. “The ratings…


Ukraine: Sumy NPO signs agreement on the column equipment supply for Kachanovsky GPP

PJSC “Sumy Machine Building Science-and-Production Association” signed a contract with a domestic company “Ukrnafta” for the supply of regeneration-evaporation column K-2. According to Sergei Antykov, the senior sales manager for equipment of chemical plants, this is a typical product of Sumy engineers. “The equipment specified by the agreement is designed for ethylene glycol from the…


Turkmenistan to increase oil exports

Commissioning of a new oil terminal with a capacity of 540.000 tons near Turkmenistan’s border with Afghanistan, anticipated in the nearest future, will allow Turkmenistan to increase exports of oil products, said the message of Turkmen Oil and Gas Complex. According to the message, Turkmenneftegazstroy state oil and gas construction concern is finishing the construction…