Ukrainian budget revenues for January-July amounted to 322 billion UAH, up by 24% YoY. This was announced by the head of the State Fiscal Service of Ukraine Roman Nasirov. “According to the government plan for 2016, we have to collect taxes in the amount of 607 billion UAH to the general budget fund. We have…
DetailsIn January-July the volume of grain shipment for exports by enterprises of PJSC Novorossiysk Commercial Sea Port (NCSP Group) totaled 2.815 million tons, down by 9.4% YoY, the press-service of the company declared on August 16. Reduction of grain prices on the global market and low-scale shipment rates by companies-exporters became the main reasons for…
DetailsRussian Prime Minister Dmitry Medvedev has decided to postpone privatization of the oil company Bashneft, and the decision was supported by the president Vladimir Putin, Medvedev’s press secretary Natalya Timakova reported. “Yes, the Prime Minister made a decision and the president approved of it – to delay privatization of Bashneft”, Timakova said. The Federal State…
DetailsRussian consumer prices remained flat from August 9 through August 15, after two weeks of a 0.1% contraction, while inflation since January 1, stood at 3.8%, the Federal State Statistics Service said. In August 2015, prices grew by 0.4% MoM and 9.8% since January 1, 2015. Prices for fruit and vegetables fell by 3.4% on…
DetailsThe government of Russia prolonged the period for mandatory disposal of the foodstuffs under counter-sanctions which were illegally imported to the territory of the Russian Federation, until December 31, 2017. The Prime Minister of the Russian Federation Dmitry Medvedev signed the corresponding decree on August 10. According to the document, the Federal Service for Veterinary…
DetailsIn June Russia exported the minimum monthly amount of barley over the last few years – 12 KMT. In 2015/2016 Russian barley exports dropped by 20% to 4244 KMT compared to record high result of 2014/2015. Exports decreased in all the key destinations except for Tunisia and Kuwait, where export volumes rose to 73% and…
DetailsRussia’s Ninth Arbitration Court of Appeal has rejected Google’s complaint against a lower court’s decision that supported the antimonopoly service in finding the U.S. giant guilty of abusing its dominance on the market of preinstalled application stores. “The (lower) court’s decision will stay unchanged, and the appeal will not be satisfied”, the decision read. The…
DetailsRussian farmers lost about 50 billion rubles ($781 million) due to implementation of a duty on wheat exports during the last season, head of the Russian Grain Union Arkady Zlochevsky said. “As a result, during the last season farmers lost 1,000 rubles per ton. Last season sales of grain amounted to 52-63 million tons. Respectively…
DetailsA meeting on oil taxation issues chaired by Russian Prime Minister’s deputy Arkady Dvorkovich will take place in August, First Deputy Energy Minister Alexei Teksler said. “It has been already slated, it’s August”, Teksler said. The official said that the Energy and the Finance Ministries still had not agreed on a range of issues and…
DetailsUpward trend in wheat prices continues in Russian market. During last week milling wheat (12.5%) prices in Novorossiysk and Azov ports increased by $3-4 to $170-174/MT FOB and $150-154/MT FOB respectively for August and September delivery. Export prices for high protein wheat are still supported by lower supply, both on the global and domestic Russian…
DetailsUIA started testing SMS notification service informing passengers of all scheduled flights on any delays and cancellations. Therefore, the airline clients will be notified of important schedule alterations. Within 48 – 1 hour prior to scheduled departure, passengers who have provided UIA with correct contact details when booking their tickets may receive a notification on…
DetailsIn January-July the average selling prices of agricultural enterprises for agricultural products increased by 7.9% YoY, the press-service of the State Statistics Service of Ukraine declared. In particular, the average prices for plant growing commodities grew by 19%, and the prices for livestock commodities – by 0.3%. In July the average selling prices for agricultural…
DetailsLast week weather pattern changed and air temperature dropped by 7-10 C after a hot and dry period. Rains were observed everywhere, though their distribution was uneven. In the North, East and Center of Ukraine there were 5-15 mm of precipitations. In the West and South rains were seen locally and their quantity was no…
DetailsThe estimated volume of Ukrainian grain exports in the new marketing year can break the record of the previous year and reach about 41 million tons. President of the Ukrainian Grain Association Volodymyr Klymenko said this at a briefing. “The overall grain production is 63.5 million tons now. 41 million tons will be exported. We…
DetailsUkraine is expected to lose about $1 billion from trade restrictions Moscow had to impose after Kiev had joined a free trade zone with the European Union, Ukraine’s deputy minister for economic development and trade Natalya Mikolskaya said. She said Ukrainian exports to Russia shrank by 36.2% YoY in the first six months of 2016,…
DetailsAs of August 15, early grains and pulses were harvested from 9590 thousand ha (99% of the intended area) compared with 10105 thousand ha on August 14, 2015. Farmers obtained 37.756 MMT with average yields at 3.94 MT/ha (36.501 MMT with average productivity at 3.61 MT/ha). Wheat was harvested from 6160 thousand ha – 99%…
DetailsOn August 5, authorized representatives of Ukraine and Indonesia signed a memorandum on cooperation between the agricultural ministries of the two countries. At this stage, a free trade zone is being discussed. Mutual interest in cooperation is expected to trigger increase in export-import flows of crop products. In this segment Asian countries are traditionally considered…
DetailsIn 2015/2016 Ukraine exported 344.2 KMT of flour, up by 32% YoY. China remained the key market for Ukrainian flour. In 2015/2016 Ukraine increased exports to China by 35%, to 83.3 KMT. Higher volumes were purchased by Indonesia, Palestine, Panama and Moldova. In 2015/2016 Ukrainian exporters opened such markets as Libya and Angola. Decrease in…
DetailsIn 2016 the general harvest of grains in Ukraine will reach 63 million tons, up by 5% YoY, the deputy director of the department of farming and technical policy in the agro-industrial complex at the Ministry of Agrarian Policy and Food Leonid Suhomlyn declared. He noted that the harvesting campaign of early grains and pulses…
DetailsIn the first half of this year Zorya-Mashproekt released and sold turbines from the entire product range: marine propulsion installations, gas pumping units, and gas turbine generators. The installations for marine application have become the key segment of Zorya-Mashproekt’s production. Navy turbine share is over 80% of the total sales volume. As before, the largest…
DetailsFirst Ukrainian International Bank (FUIB) is in the TOP-10 in a number of nominations of the rating of the most reliable banks of Ukraine in 2016, prepared by the insurance portal Forinshurer. FUIB has occupied the 5th place in the nomination “Deposits of Individuals” and the 8th place in the nomination “Deposits of Legal Entities”.…
DetailsOn August 16, the largest fixed Internet and telephony operator Ukrtelecom has announced the launch of technical modernisation in Zaporozhye. The company plans to install 390 new distribution cabinets in the city, replacing 92 obsolete automatic telephone exchanges of 1960-1990s. One of such automatic telephone exchanges located at Motostroiteley prospect was commissioned in 1868. In…
DetailsOn August 4, the National Bank of Ukraine registered the iBox Money Transfer international remittance system, the payment organization of which is PJSC iBox Bank (formerly Agrocombank, Kyiv). Participants in the payment system are OJSC Zaminbank (Azerbaijan) and PJSC Artem-Bank (Kyiv). According to the NBU, taking into account iBox Money Transfer, currently eight payment systems,…
DetailsOn August 15, the National Bank of Ukraine (NBU) registered the Sigue Money Transfer international system, the payment organization of which is Cel.Int Ltd (UK). Participants in the payment system are PrivatBank, Oschadbank, and Unex Bank. According to the NBU, taking into account Sigue Money Transfer, currently ten payment systems are registered, the payment institutions…
DetailsMyronivsky Hliboproduct (MHP) saw a 29% fall in net profit in April-June YoY, to $165 million. According to a report of the holding posted on the London Stock Exchange (LSE) on Wednesday, its revenue in Q2 2016 fell by 7%, to $286 million, gross profit grew by 4%, to $142 million, operating profit decreased by…
DetailsGrain crops have been seeded on the territory of 734.3 thousand ha in Karaganda region this year. As of August 16, grain crops on 1.5 thousand ha have already been harvested in Karaganda region, the press service of the Ministry of Agriculture of Kazakhstan informs. The weather in Kazakhstan will allow to start the all-round…
DetailsAnalysts of Rusagrotrans CJSC increased the forecast of the general grain harvest in Russia in 2016 to 118.5 million tons, against the previous forecast of 116 million tons, the Deputy Director of the strategic management department at Rusagrotrans CJSC Igor Pavensky declared. According to him, Russia produced the previous record harvest of grains 37 years…
DetailsIn 2015/2016 MY Ukraine shipped 344.2 thousand tons of flour to foreign markets, which exceeded the record index of last season by 94 thousand tons. State Enterprise Novopokrovka Factory of Bakery Products headed the rating of the largest companies-exporters of flour, shipping nearly 20% of the general exports, or 68.5 thousand tons of flour. The…
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