The issue of state-owned ports assignment to private investors has been discussed in Ukraine for several years, but it was not clear which pattern of interrelation with private investors the state will choose – privatization or concession, or perhaps something else. However, it was clear that something had to be done. Many market participants tend…
DetailsIn January-August Ukraine exported $9.1 billion worth of agricultural products, amounting to 40.1% of the total national exports within this period. “The leaders of the structure of agricultural exports are: crops ($3.6 billion), prepared food products ($1.4 billion), seeds and fruit of oil plants ($0.7 billion), and residues and waste from the food industry ($0.6…
DetailsThe share of sunflower oil in the structure of Ukrainian vegetable oils production is nearly 96%. In this regard, it’s logical that the majority of population prefers sunflower oil. It should be noted that total consumption of vegetable oils by population of Ukraine has decreased over the past year. Statistics show that in H1 the…
DetailsLast week Verkhovna Rada approved of the budget in the first reading session. During the two weeks the government should take into consideration the proposals of all the deputies and introduce the document to the Parliament in the course of the second reading session. The budget can be finally adopted in the second session or…
DetailsLast 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)
Ukrainian farmers continue to harvest sunflower. As of October 24, 5171.1 thousand ha had been threshed, or 87% of the intended area – 5916.2 thousand ha, up by 6.5% YoY (4856 thousand ha). 11341.3 KMT had been obtained with the average yields of 2.19 MT/ha, which is all-time high for Ukraine. On the same date…
DetailsUkraine 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…
DetailsLemtrans freight forwarding company transported 44.6 million tons of various cargoes from January through September. The company carried 46.5 million tons over the same period in 2015. Lemtrans shipped 17.9 million tons of coal (versus 20.5 million tons YoY), 15.1 million tons of iron ore products (16.4 million tons), 5.6 million tons of ferrous metals…
DetailsIn the first quarter of 2016/2017 MY, PJSC State Food and Grain Corporation of Ukraine shipped 15.1 thousand tons of flour to foreign markets, up by 6.4 thousand tons YoY, the Director of the department of elevator operations and finished products sales at PJSC SFGCU Gennady Gordienko declared. Provision of demand for grain by-products is…
DetailsIn January-September Ukrainian flour milling enterprises produced 1.392 million tons of flour, down by 5.6% YoY, the State Statistics Service of Ukraine declared. In particular, the production volumes in September totaled 181 thousand tons, up by 2.8% MoM and down by 3.2% YoY. In January-September the production volumes of crude sunflower oil in Ukraine totaled…
DetailsThe European Union (EU) is ready to pay attention to the protection of rights of households as part of the provision of technical assistance to Ukraine in reforming the energy market, Secretary of Competitive Policy and Energy Markets at the Delegation of the European Union to Ukraine Jose Manuel Hernandez has said. At the discussion…
DetailsOn October 22, Ukraine imported record-breaking 42.016 million cubic meters of natural gas from Slovakia, according to the data from public joint-stock company Ukrtransgaz. The previous highest figure for imports from Slovakia in the 26-month history of gas imports from this country was recorded in October: 41.859 million cubic meters on October 21, and 41.627…
DetailsAzersun Holding and other big Azerbaijani companies will participate in the first International Fruit and Vegetable Fair in Tashkent, to be held on November 8-10, Jahangir Aminov, adviser to the Uzbek ambassador to Azerbaijan, said. He added that the contracts for the supply of fruit and vegetables from Uzbekistan to Azerbaijan were planned to be…
DetailsAzerbaijan’s President Ilham Aliyev has signed a decree on application of the “Law on Amending Tax Code of Azerbaijan” adopted by the country’s parliament on September 30. The amendments stipulate removing the value added tax (VAT) for the goods transshipment services directly related to transit cargo transportation. The VAT rate in Azerbaijan is 18%. Currently,…
DetailsAzerbaijan Caspian Shipping CJSC has launched Shahdag ferry for traffic on the Trans-Caspian International Transport Route, the CJSC said in a message. The message says that the ferry has been launched after a major overhaul. Main and auxiliary engines, various systems, steering wheel and other mechanisms, as well as premises and accommodation were modernized during…
DetailsA major project is being implemented in order to improve reliability of power supply of Ashgabat city. Dozens of modern transformer substations have been built within this project, including 5 substations with voltage of 220 kV, 22 substations with voltage of 110 kV and 29 substations with voltage of 35 kV. As many as 140…
DetailsAs many as 78 state enterprises and facilities will be put up for privatization of the State Property Issues Committee of Azerbaijan on November 22, the message of the committee said. The enterprises operate in the fields of cotton growing, agricultural chemistry, transport, construction and others. These enterprises are located both in Baku and in…
DetailsBelarusian producers of poultry meat have plans to obtain certificates to sell products to the European Union, Alexei Bogdanov, the head of the main division for foreign economic affairs at the Agriculture and Food Ministry of Belarus, reported. “Work is underway to get products of Belarusian poultry farms certified for export to the European Union.…
DetailsBelarus 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…
DetailsIn the near future the machine tool factory based in Baranovichi, Brest region, intends to start selling merchandise to Hungary, the head of the enterprise’s Marketing Office Dmitry Krivorot reported. An agreement on cooperation was signed during the international mechanical engineering expo MSV 2016 in Brno, Czech Republic, in October. As part of the agreement…
DetailsA.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…
DetailsPJSC “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…
DetailsCommissioning 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…
DetailsMore than 1.50 million tons of raw cotton have been collected in Turkmenistan, the Turkmen government said in a message. According to the message, the total area of land allotted for cotton is 545,000 hectares. The country’s farmers continue to pick cotton and the picked cotton is delivered to the cotton processing enterprises. Cotton is…
DetailsConstruction of the Turkmen section of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline is conducted at an accelerated pace, the Turkmen government said. A report on the progress of the construction was presented at the enlarged meeting of the country’s Cabinet of Ministers on the results of the nine months of 2016. “We are taking effective steps…
DetailsAir Arabia, a low-cost airline of the UAE, is opening direct Sharjah-Baku flights. The launch of flights is a result of joint cooperation between Air Arabia, Azerbaijan Airlines CJSC and the authorities, and is aimed at the development of a new route linking Baku and Sharjah. Air Arabia will start flights from Sharjah International Airport…
DetailsForty-five water reservoirs in Kazakhstan are in a dangerous condition and require repairs, Kazakh Agriculture Ministry has said. In total there are 309 water reservoirs in Kazakhstan. The state owns 83 of them. Regional municipalities own 191 reservoirs and 35 reservoirs are privately owned. The biggest reservoirs in Kazakhstan are Bukhtarma reservoir in the east…
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