KTD Group, which imports and produces household appliances (Saturn, Kupava trademarks), seeks to open a new refrigerator plant in the first half of 2017 in Cherkasy, the press service of the Cherkasy Regional Administration reported. KTD Group President Oleksandr Hromyko gave this information at the Cherkasy Investment Forum held last week. “We do not see…
DetailsIreland is implementing alternative energy sources construction projects in Belarus, Belarusian Minister of Foreign Affairs Vladimir Makei said. “We are currently busy with the development of alternative energy sources. We have been closely cooperating with the countries that possess rich experience in the matter, for example, with Ireland and Germany. I am responsible for one…
DetailsThe ultimate goal of recovering the International Bank of Azerbaijan is to reduce its assets and liabilities and the bank’s privatization should be the next step, Azerbaijan’s Finance Minister Samir Sharifov said. He noted that the bank’s recovery was quite a difficult process and it was too early to talk about its completion. “Unfortunately, the…
DetailsDuring several recent seasons, the supplies to North Korea provided the major share of the growth of Ukrainian flour exports, but in 2015/2016 MY the geography of foreign markets for the product markets significantly expanded, the Adviser to the Chairman at Agrarian Fund PJSC Sergei Sakirkin declared. In particular, the share of Asia in the…
DetailsGazprom Export, the export arm of Russian gas giant Gazprom, plans to raise its share on the European gas market by 2-5% to 33% in 2016, Bloomberg reported citing the company’s representative Valery Nemov. In 2015, Gazprom supplied 158.6 billion cubic meters of gas to Europe having increased its market share to 31%. Gazprom CEO…
DetailsCorn harvesting in Russia is gaining pace. This grain harvest has been gathered from about 20% of the intended area, but it is already clear now that Russian corn production will be record high. The starting yields pleased producers. Moreover, as harvesting proceeds, corn productivity increases. Given the expansion of corn acreage in the country…
DetailsOn September 23, BelAZ heavy-duty truck manufacturer launched its newly-built trimming and acceptance shop supplied by Italy’s IMEL S.p.a., a BelAZ representative reported. The total value of the project stands at $17.8 million. The 3,800-square-metre facility is intended for painting parts and aggregates of dump trucks with 30-450 ton cargo capacity. The Belarusian Automobile Plant…
DetailsThe state-owned OAO Belaruskali produced 3.799 million tons of potash fertilizers (in terms of 100% potassium chloride) in January-August, down by 17.3% YoY, Belarus’ National Statistical Committee (Belstat) said in an official report. In August alone Belaruskali’s potash fertilizer output increased by 3.7% YoY, to 622,800 tons. Belaruskali’s potash fertilizer inventories stood at 87,800 tons…
DetailsBelarus’ proceeds from potash exports fell by 38.9% YoY in January-July to $1.057 billion, Belarus’ National Statistics Committee (Belstat) said in an official report. Potash export proceeds reduced as a result of a 21.4% decrease in the physical volume of Belarusian potash supplies to 2.784 million tons (in terms of 100% potassium chloride). As previously…
DetailsBelarus’ proceeds from oil product exports reduced by 36.1% YoY in January-July to $2.766 billion, a government source reported. In physical terms, Belarus’ oil product exports reduced by 4.6% YoY to 9.667 million tons. The decline in proceeds from oil product exports results in the first place from the plunge in global prices of oil…
DetailsBelarus’ farm output grew by 2.2% YoY in January-August to 8.4 billion Belarusian rubles ($4.347 billion at the official exchange rate), a source in the National Statistics Committee (Belstat) reported. Sales of fattened cattle and poultry grew by 3.1% YoY in to 1.055 million tons; milk output grew by 0.9% to 4.14 million tons, and…
DetailsThe Azerbaijan Export and Investments Promotion Foundation (AZPROMO) has become a member of the Silk Road Chamber of International Commerce, AZPROMO said in a message. The Silk Road Chamber of International Commerce, members of which are chambers of commerce from 22 countries, was created with the support of international organizations to promote investment and trade…
DetailsThe Ministry of Agrarian Policy and Food of Ukraine has agreed with grain exporters on the annex to the Memorandum of understanding for 2016/2017 MY. The parties will sign the document in the nearest future. According to the annex to the document (revised on September 22), the forecast export volumes of wheat and meslin mixture…
DetailsThere is a grey market of flour In Ukraine. If there are nearly 100 kg of flour per year per capita, which is close to the standard, then Ukraine should produce nearly 3.5 million tons of flour products, and taking into account the exports and carry-over stocks, the index should reach nearly 4 million tons.…
DetailsSqueezed consumer budgets are encouraging a marked shift in the Russian protein market, as beef consumption falls to record lows, while pork gains ever stronger market share, US officials said. The tightness in beef imports, caused by political spats and the weak rouble, is encouraging this trend. And pork producers are having much more success…
DetailsAeroflot PJSC announced traffic statistics for Aeroflot Group (“the group”) and Aeroflot – Russian Airlines (“the company”) for August and the first eight months of 2016. In the first eight months of 2016, Aeroflot Group carried 28.7 million passengers, up by 8.9% YoY. Aeroflot airline carried 19 million passengers, up by 10.2% YoY. Group and…
DetailsDuring five recent years, Ukraine reduced the exports of groats by nearly 15% per year in terms of fierce competition between the Russian Federation, Belarus and Kazakhstan, the Director of the Association “Millers of Ukraine”, Head of Business Projects Division of APK-Inform Agency Rodion Rybchinskiy declared. At the same time, he noted that Ukraine significantly…
DetailsSecond half of September was moderately warm with air temperature close to norm. Cyclone system, which arrived to Ukraine at the beginning of last week, went through all the territory of Ukraine and changed summer regime into autumn. Intensive rains were observed all over the country early in September. In Polesye and Forest Steppe zones…
DetailsEarly in September intensive rains were observed all over the Ukrainian territory. In the Kherson region abundant rains were seen with lightning in some places. Total daily precipitation quantity in the region amounted to 49 mm. Such weather conditions were favorable for accumulation of soil moisture, so moisture stocks in the plow-soil layer grew by…
DetailsAccording to State statistics data, stocks of sunseed in Ukraine as of September 1, were 707.6 KMT, down by 2.2% YoY (723.4 KMT). Agro companies had 504.8 KMT and storing plants with crushing capacities – 202.8 KMT. Crushing plants increased sunseed stocks by 5.7% (202.8 KMT against 191.9 KMT as of September 1, 2015). Soybean…
DetailsSoutheast Asian countries are interested in Russia’s unmanned aerial vehicles (UAV), Deputy Director of Russia’s state arms exporter Rosoboronexport Sergey Goreslavsky said. “We currently see sustained interest in technology including the Orlan UAV. Fruitful talks on this subject took place during the recent Army-2016 forum. We had a delegation from Thailand. The same subject is…
DetailsConstruction of a gas compressor station in Mary province of Turkmenistan has started, the message of the “Oil and Gas Complex” of Turkmenistan said. The gas compressor station is being built for the East-West internal pipeline launched in December 2015, and its potential is designed for export deliveries in the western direction as well. In…
DetailsTurkmen Foreign Minister Rashid Meredov signed the Paris agreement on the sidelines of the General Assembly at the UN headquarters in New York. The agreement is a “road map” of measures that will reduce emissions released to the atmosphere and strengthen resilience to climate change. The Paris agreement was adopted by all 196 sides of…
DetailsThe large-scale work is carried out in Turkmenistan to fully reveal the country’s economic potential and increase the textile export, Turkmen President Gurbanguly Berdimuhamedov said at a government meeting. “Turkmenistan creates conditions for bringing the domestic textile industry to a new level by making huge investments in the implementation of major industrial projects”, the President…
DetailsTransfers from the State Oil Fund of Azerbaijan (SOFAZ) to the state budget will be reduced by 1.5 billion manats in 2017, Samir Sharifov, Azerbaijani finance minister, reported. The minister added that the transfers would be reduced to keep the country’s foreign exchange reserves at the same level. “As Azerbaijani President Ilham Aliyev said, while…
DetailsRussian wheat export prices rose last week for the first time since mid-August, buoyed by demand from Egypt after it dropped its policy of not importing wheat containing the ergot fungus. Egypt’s state importer GASC bought 240,000 metric tons of Russian wheat last week, in its first successful tender purchase since abolishing the rule. Egypt…
DetailsOil market supply and demand can come into balance already in the second half of 2017 with market methods even if no agreements on the market stabilization are reached at the upcoming meeting in Algeria, Russian Energy Minister Alexander Novak reported. “Everything will depend on demand, supply, on the economic situation of many countries that…
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