General production of wheat in Moldova reached 1.283 million tons, which exceeded the expected rate by almost 300 thousand tons, the Ministry of Agriculture and Food Industry declared. According to the announcement, the harvested areas under wheat in the country totaled 371 thousand ha with the average yield of 3.1 t/ha. In particular, milling wheat…
DetailsAccording to Rufco Company, in the Azov Sea basin grain freight rates have strengthened. Grain supply for transportation from Russian part of the basin increased gradually. Besides, some recovery of grain shipments from the ports of Volga and Don (in the direction of Iran and Turkey) was observed in the market. As a result, outflow…
DetailsThe State Service of Ukraine on Food Safety and Consumers’ Rights Protection has imposed a ban on imports of cattle and associated products from countries where Lumpy Skin Disease (LSD) has been recorded. “We are drawing up rules to prevent the spread of the disease and combat it. This week the first draft document will…
DetailsThe process of corporatization of the state-owned enterprise NAEC “Energoatom” should provide for the opportunity to involve the western partners, including from the USA, in the company’s management. President of NAEC “Energoatom” Yuri Nedashkovsky said this, speaking at the meeting of the Eurasian Center of the Atlantic Council in the United States, the press service…
DetailsBelarus plans to increase exports of agricultural and food products to $7.5 billion by 2020, according to the program of socio-economic development of Belarus for 2016-2020. In order to achieve the objective, it is envisaged to realize a number of measures aimed at ensuring the competitive advantages in the agricultural industry of the country. The…
DetailsCoal stocks at warehouses of thermal power plants (TPPs) in Ukraine during the first 10 days of August decreased by 66,800 tons to 863,000 tons. This has been reported by the press service of NPC Ukrenergo. As of August 1, 929,800 tons of coal were stored at warehouses of the thermal power plants. (Ukrinform/Business World…
DetailsBelshina (Bobruisk, Mogilev Region) has announced a tender to choose an equipment supplier for its high-bay warehouse. The company plans to spend Br2.3 million ($1.163 million). The closing date for applications is September 15. Belshina wants to have the equipment supplied in the period from April 1 to June 30, 2017. The state-owned tyre manufacturer…
DetailsNordic Industries (Lithuania) received trader and broker certificates of Belarusian Universal commodity Exchange (BUCE) on August 9, BUCE spokesman Roman Yaniv said. “Besides participation in exchange auctions Nordic Industries is expected to bring new Lithuanian companies to BUCE’s trading platforms and will promote commodity exchange services on the Lithuanian market. BUCE and Nordic Industries are…
DetailsIndia is ready to take part in the production of potash fertilizers in Belarus and their long-term purchase, Ambassador Extraordinary and Plenipotentiary of India to Belarus Pankaj Saxena said. The diplomat stressed that the potash sector was important for the Belarusian-Indian cooperation. “Belarus is a big producer of potash fertilizers. India should ensure food security…
DetailsChairman of the Council of the Republic of the National Assembly of Belarus Mikhail Myasnikovich met with representatives of the Indian company Lok-Beta Pharmaceuticals Private Limited, the press service of the upper chamber of the Belarusian parliament reported. During the meeting among other things the sides discussed the organization of the work of the joint…
DetailsOPEC expects Azerbaijan’s oil supply to average 0.85 million barrels per day (bpd) in 2016, down by 10,000 bpd YoY, the cartel said in its monthly oil market report. The forecast remained unchanged as compared to the previous monthly oil market report. Azerbaijan’s oil output decreased by 10,000 bpd to average 0.86 million bpd in…
DetailsA conference held at the National press center of Uzbekistan was devoted to uninterrupted providing the population with electrical energy and progress achieved over the years of independence in the development of the energy industry. The event was organized by representatives of JSC “Uzbekenergo”. Among other things, it was noted that the energy sector had…
DetailsOn August 9, the Ministry of foreign economic relations, investments and trade of Uzbekistan hosted a meeting with Advisor on trade and economic issues of the Embassy of the People’s Republic of China in Uzbekistan Jin Yulong.
During the meeting, the sides discussed current state of bilateral trade-economic, investment and financial-technical cooperation. (UzDaily/Business World Magazine)
A new ferry complex in Kazakhstan’s Kuryk port will start cargo transshipment by the 25th anniversary of Kazakhstan’s Independence, the country’s Prime Minister Karim Massimov wrote on Twitter on August 9 Kazakhstan will celebrate 25th anniversary of Independence on December 16. As of today, ferry transportation from Kazakhstan to other Caspian littoral states is possible…
DetailsKyrgyzstan completely broke the agreement with Russia on the construction of Uppernaryn cascade and Kambarata HPP-1, National Energy Holding Company JSC reported. The agreement signed on September 20, 2012 expired on August 9. Currently, Kyrgyz and Russian parties are negotiating to resolve all economic issues that have arisen in the period of the agreements, including…
DetailsOn August 9, Vice President of business development, global business projects of the company KT Corp. Lee Baek-hee held negotiations at the Ministry of foreign economic relations, investments and trade of Uzbekistan. During the meeting, the sides discussed issues on creation of joint venture and start of production of electronic meters under the project “Implementation…
DetailsKazakh Ambassador in China Shakhrat Nuryshev met with Vice President of the Aerospace Long-March International Trade Co. Ltd (ALIT) Zhao Chunchao in Beijing. During the meeting, the sides discussed the topical issues of bilateral cooperation in the sphere of space, unmanned aircrafts and defense industry complex. “Relations between Kazakhstan and China can serve as an…
DetailsErlan Idrissov, Minister of Foreign Affairs of Kazakhstan, came up with a number of proposals to improve work with foreign investors. He said that the No. 1 goal was to create a pool of investment projects. “There is a host of projects”, Idrissov said, “that is why our work with investors sometimes lacks specifics. We…
DetailsIdle water discharge was made at the Toktogul and Uch-Kurgan reservoirs, the expert Rasul Umbetaliev said. According to him, Electric Stations JSC intentionally publish hydropower data of Toktogul HPP intermittently. Since August 1, consumption was 229 cubic meters per second, on August 3 – 211 cubic meters, and on August 8-9 it increased to 331…
DetailsAnnual planned maintenance works were started at the automobile plant of GM Uzbekistan in Asaka city (Andijan region) on August 8, the press service of the company said. GM Uzbekistan underlined that the company would carry out maintenance of main and additional technological equipment, tools, facilities and engineering-communication networks. It is also planned to carry…
DetailsDaily oil production in Azerbaijan will be 0.85 million barrels in 2016 and 0.81 million barrels in 2017, according to the forecasts of the US Energy Information Administration (EIA), included in the Short-term Energy Outlook for August 2016. The forecast remained unchanged compared to the EIA Short-term Energy Outlook published in July. The country’s oil…
DetailsBelarus saw a 0.4% inflation growth in July and 7.8% in January-July, the National Statistics Committee (Belstat) said. In January Belarus’ consumer prices grew by 1.9%, in February – by 2.9%, in March – by 0.8%, in April – by 0.7%, in May – by 0.5%, in June – by 0.4%. In July Belarus’ consumer…
DetailsBelarus’ foreign trade deficit totaled $148.7 million in January-June, compared to a $783.1 million surplus in January-June 2015, the National Bank of Belarus said. The overall turnover of commodities and services in foreign trade shrank by 13.6% YoY, to $28.156 billion. Exports of commodities and services dropped by 16.1% YoY, to $14.004 billion, and imports…
DetailsBelarus’ government is considering a bill amending the Tax Code, which suggests that the rates of the excise tax on cigarettes should be raised on January 1, 2017 by 4.1-4.6% for the H1 2017 period (from the H2 2016 level) and on July 1, 2017 by 5.2-5.7% (from the H1 2017 level) for H2 2017.…
DetailsBelarusian oil refineries processed 11.937 million tons of crude in January-June, up by 0.5% YoY, Belneftekhim reported. In H1 Belarusian oil refineries increased output of the AI-95 petrol by 30%, kerosene – by 40%, bitumen – by 43.9%, compound fertilizers – by 52.4%, ethylene polymers – by 3.1%, truck and bus tyres – by 52.4%.…
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