As of October 11, Ukrainian agrarians harvested 46.668 million tons of grains throughout the areas of 11.403 million ha, or 80% of the plan. The average yield totaled 4.09 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine reported. At the same time, on the same date last year production volumes reached 47.2 million…
DetailsUkraine’s State Property Fund (SPF) announced open auctions to sell property of Kostiantynivska and Myheiska hydroelectric powers plants (HPPs) located on the Southern Bug River. The starting price of the plants is 13.761 million UAH and 10.863 million UAH respectively. The auction to sell Kostiantynivska HPP (Mykolaiv region) will be held on November 22, and…
DetailsAs of October 10, winter crops had been sown at 4723 thousand ha, which was 64% of the forecasted area – 7374 thousand ha. This included 4313 thousand ha of winter wheat and triticale (70% from the planned 6198 thousand ha), 132 thousand ha of rye (90% of 147 thousand ha), 278 thousand ha of…
DetailsUkrainian farmers continue to harvest sunflower. As of October 10, 4457.9 thousand ha had been threshed or 75% of the plan (5916.2 thousand ha), down by 1.7% YoY (4537 thousand ha). 9718.5 KMT had been obtained with the average productivity of 2.18 MT/ha. Last year on the same date 9624 KMT had been gathered with…
DetailsIn September analysts of APK-Inform Agency increased their forecast of soybean yield in Ukraine in the current year to 2.18 ton/ha (in clean weight).
The previous forecast stood at 1.93 ton/ha. (APK-Inform/Business World Magazine)
In January-September the Ukrainian seaports processed 27.405 million tons of grain cargoes (including 26.794 million tons of grains), up by 5.6% YoY. In particular, the grain exports totaled 26.693 million tons (up by 5.1%), the State Enterprise Ukrainian Sea Ports Authority declared. In the reporting period, state stevedoring companies processed 2.05 million tons of grains…
DetailsIn January-September Ukrainian seaports processed 3.212 million tons of bulk vegetable oils, up by 18.5% YoY. The export volumes totaled 2.968 million tons of veg oils (up by 18.3%), the State Enterprise Ukrainian Sea Ports Authority informed. In particular, state stevedoring companies processed 96.64 thousand tons of vegetable oils at the berths of Ukrainian Sea…
DetailsZarubezhneft held a meeting of the company’s Board of Directors that considered and approved of a range of the company’s key documents. That was the first Board of Directors’ meeting attended by its new members, namely, the Chairman of the Board of Directors Eugeniy Murov, as well as Board of Directors’ members: Alexey Arkhipov, Alexandr…
DetailsTurkey and Russia plan to boost their trade to $100 billion a year, Turkey’s Minister of Economy Nihat Zeybekci said. “Our goal is to bring bilateral trade up to $100 billion a year. We can reach it in several years”, he explained. According to the minister, issues of trade and economic relations between the two…
DetailsTorrential rains across most of Ukrainian regions after a severe drought could leave around 1.2 million acres of winter grain area unsown and winter wheat is under major threat, a senior state weather forecaster said. Ukraine’s winter wheat harvest is highly dependent on moisture content in the soil during the autumn sowing, air temperatures in…
DetailsOPEC has increased its forecast for Russia’s oil output in 2016 by 50,000 barrels per day (bpd) to 11.04 million barrels a day, up by 190,000 barrels YoY. The forecast for the country’s daily oil production in 2017 also amounts to 11.04 million barrels. But the U.S. daily oil output is expected to fall by…
DetailsOAO Minsk Automobile Plant (MAZ, managing company at BelavtoMAZ Group) will supply 4,000 completely knocked down kits (CKD kits) for the needs of a Belarus-Vietnam joint venture to Vietnam on a duty-free basis till 2021. CKD kits will be supplied in the light of the protocol on joint production of motor vehicles on the territory…
DetailsThe further inflow rate of German investments in Ukraine’s economy will directly depend on the pace of economic reforms in Ukraine. Ambassador Extraordinary and Plenipotentiary of the Federal Republic of Germany to Ukraine Ernst Reichel has stated this during the opening ceremony of the Ukrainian-German Business Forum. “We cannot force our companies to enter Ukraine…
DetailsUkrainian pharmaceutical company Farmak plans to register its products in Malaysia by late 2018, Farmak Business Development Director Oleh Siarkevych reported. He said that first the company intended to bring its strategic products to new markets, in particular, insulin and Amizonum created by the company. In addition, the company plans to offer its ophthalmological portfolio…
DetailsThe National Nuclear Generating Company Energoatom seeks to raise $250 million from Bank of America Merrill Lynch (BofA-ML) for building a centralized spent nuclear fuel storage facility before October 2017, Energoatom President Yuriy Nedashkovsky reported. “The work has been started. At the end of the summer I signed the contract with Bank of America Merrill…
DetailsDuring the “ICT Global Leadership Forum” in Seoul, the capital of South Korea, Ukrainian Education and Science Minister Liliya Hrynevych made a presentation called “ICT and education in Ukraine” and described the development of information and communication technologies and how they would be applied to reforms in the secondary education in Ukraine. “The ICT field…
DetailsThe scope of dredging at the seaports of Ukraine performed from the beginning of the year exceeded 4 million cubic meters, press center of Ukrainian Sea Ports Authority (USPA) reports. Dredging works have been completed at the inner harbor of Mariupol port (505,000 cubic meters of dredged material). Maintenance dredging at the approach channel to…
DetailsThe Belarusian national electrical company Belenergo and Siemens Company signed an agreement on strategic partnership and cooperation during the Belarusian Energy and Ecology Forum in Minsk on October 11. The document was signed by OOO Siemens Technologies Director General Maxim Zubov and Belenergo First Deputy Director General, Chief Engineer Alexander Sivak. Belenergo and Siemens intend…
DetailsThe Belarusian mechanical engineering company Gomselmash has started testing its agricultural machines in Pakistan, Yuri Rafeyev, Director of Gomselmash’s Non-CIS Sales Department, reported. According to the source, Gomselmash is testing forage harvesters, which have already been shipped to Pakistan. Those are three mounted rotary mower conditioners Palesse SN15 and a trailed mower conditioner Palesse ST42.…
DetailsBelarus’ foreign trade surplus totaled $181.3 million in January-August compared to a $1.081 billion surplus in January-August 2015, the National Bank of Belarus said in an online report. The overall turnover of commodities and services in foreign trade shrank by 12.7% YoY to $38.138 billion. Exports of commodities and services reduced by 14.4% YoY to…
DetailsBelarus has signed a contract with Pakistan to supply 3,500 tractors worth more than $32 million in 2017, Minsk Tractor Plant (MTZ) said in a message posted on the manufacturer’s web site.
MTZ hopes to sell at least 5,000 Belarus tractors in Pakistan annually. (Prime-TASS/Business World Magazine)
In September analysts of APK-Inform Agency adjusted the supply and demand balances of grains in Ukraine, and increased the forecast of the general harvest of grains and pulses in 2016/2017 MY to 63.9 million tons.
This is 6.3% more compared with the harvest-2015 (60.1 million tons). (APK-Inform/Business World Magazine)
The government expects the auction to sell Odessa Port Plant to take place before the end of the current year. This was stated by Prime Minister of Ukraine Volodymyr Groysman during his conversation with journalists at the opening of the company Bila Tserkva Plant of Preparation Forms. Volodymyr Groysman noted that the government was waiting…
DetailsUralkali, one of the world’s largest potash producers, has become a Professional Partner of the 2nd interregional exhibition of modern technologies and equipment for the extraction and enrichment of ores and minerals Rudnik 2016, held at the exhibition center Permskaya Yarmarka (Perm) from 11 to 14 October. Uralkali has participated in the exhibition since its…
DetailsUkrainian sugar producers in September 2016 exported 39,900 tons of sugar. This is the largest monthly indicator for the past five years. According to a report of the Ukrtsukor association, Sri Lanka imported 11,520 tons, Georgia imported 6,430 tons and Azerbaijan – 4,620 tons. Some 4,240 tons was shipped to Myanmar and 2,280 tons to…
DetailsAccording to the Agriculture Ministry, wheat planted area for the 2017 crop will remain at the previous year’s level – 6198 thousand ha. Last year winter wheat acreage was significantly lower than many-year average, which is nearly 6700 thousand ha. Given the last year’s considerable area reduction, it would be logical to expect at least…
DetailsTransit truck haulage across the territory of Belarus reduced by 0.8% YoY in H1 to 414,142 trips, the Belarusian Association of International Trucking Companies (BAMAP) reported. Belarusian trucking companies accounted for 15% of transit truck haulage in H1 2016, Russian truckers – 58.3%, Polish truckers – 18.3%, Lithuanian truckers – 8.3%. Transit truck haulage across…
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