In the first half of 2016 Ukraine has fully used quotas for duty free exports of goods to the EU for the nine groups of agricultural products: honey, sugar, cereals and flour, malt and wheat gluten, processed tomatoes, grape and apple juices, oats, wheat, wheat flour and granules, corn, corn flour and granules. The press…
DetailsJune marked 10 years since Victrex opened its Asia Innovation and Technology Centre (AITC) in Shanghai, a move that has brought the company and its customers together in close collaboration on product development. The successful approach of the AITC includes cooperative fast prototyping as well as design and process optimisation. Centred on PAEK-based solutions such…
DetailsUkraine’s Altcom Financial-Industrial Group is completing the construction of a railway bridge over Amudarya River with a length of 1750 meters. This is the largest engineering structure in Turkmenistan’s Lebap region. Cars will transport freight and passengers via this transportation corridor in the near future. Altcom Group said in early June that the cost of…
DetailsAs of July 4, early grains and pulses were harvested from 576 thousand ha (6% of the intended area) compared with 502 thousand ha as of July 6, 2015. Farmers obtained 2040 KMT with average yields of 3.54 MT/ha. By July 6, 2015 grain harvest had reached 1530 KMT with average productivity of 3.05 MT/ha.…
DetailsTesla Zet company introduces the next generation LEDs with the luminous efficiency of 160 lm/W. It is the most energy-saving form of LEDs for both commercial and domestic use. The competitive advantage of these LEDs is the best in price/quality ratio in the world. LEDs reliability and energy efficiency from the Ukrainian manufacturer Tesla Zet…
DetailsThe executive director at the Alliance for Financial Inclusion (AFI) Alfred Hannig visited Tajikistan on June 28-29. According to AFI’s website, Hannig held talks with Umed Latifov, deputy chairman of the National Bank of Tajikistan (NBT), and Lola Salimova, deputy chairwoman of the NBT. Salimova reportedly stressed how important it was for the countries in…
DetailsAzerbaijani state oil company SOCAR has completed construction of a new tank farm on the company’s Black Sea oil terminal in Kulevi (Georgia), said the terminal’s message posted on its website. The project envisages construction of six tanks with a total capacity of 60 thousand cubic meters and a two-line railway overpass for simultaneous unloading…
DetailsIn May Russia exported 445.5 KMT of corn, up by 62% YoY. Since the beginning of the season corn exports from Russia have already exceeded 4 MMT compared to 2.39 MMT during October-May in season 2014/2015. Russia increased corn shipments to EU and Arab countries. Exports of Russian corn to Lebanon have already exceeded 300…
DetailsRussia’s independent oil and gas producers want to be granted access to pipeline mains, including to the Power of Siberia natural gas pipeline, Ivan Menshikov, the director general of Rosneftegaz (RNG) oil and gas company, said. “First of all, we need support from the state, construction of transport infrastructure, tax privileges we enjoy in Eastern…
DetailsNovatek completed the company’s first delivery of liquefied natural gas (LNG). The company has only been supplying pipeline gas before. Novatek’s trading arm Novatek Gas & Power completed delivery to Chile’s Quintero. The LNG lot was shipped from the plant in Trinidad and Tobago. “Delivery of the first lot is an important step for Novatek…
DetailsThe Verkhovna Rada has adopted law No. 2706 on writing off fines imposed on heating and water supply companies due to late payments for gas and electricity. Some 253 deputies voted for the law. The document also suggests the introduction of a moratorium on imposing new fines on heating and water supply companies in the…
DetailsNational joint-stock company Naftogaz Ukrainy is discussing with the European Bank for Reconstruction and Development (EBRD) the possibility of expanding a credit line with the limit of $300 million raised at the end of 2015 from the bank to buy natural gas in Europe, Naftogaz Ukrainy commercial director Yuriy Vitrenko said. The current credit line…
DetailsRussia’s new anti-aircraft missiles defense systems Tor-M2U have arrived at a tank formation of the Eastern Military District, stationed in Buryatia republic, Siberia, the district press service reported. “The air defense missile systems have arrived in the republic after successful live-fire exercises at the Kapustin Yar range in the Astrakhan region”, the press service said.…
DetailsRussia’s gas producer Gazprom offers a lower price for natural gas supplies to Ukraine than European countries, chief executive officer of Ukraine’s state gas company Naftogaz Ukrainy Andrey Kobolev said. “The price Gazprom is offering ($167.57 per 1 thousand cubic meters) is slightly lower than that of European suppliers”, he said, adding that the gas…
DetailsKyrgyzstan is again considering the issue of electricity supply from Tajikistan in summer, the department of information support of the government reported. The deputy prime minister Oleg Pankratov held a meeting on preparations for the autumn-winter of 2016/2017 and discussed the accumulation of water in the Toktogul reservoir. He instructed the National Energy holding of…
DetailsEvery day (except for week-ends and holidays) You can receive the Business World Magazine as an *.html file via e-mail. Each issue has around 80 publications, analytics, statistics, forecasts and prices. DEMO VERSION Business World Magazine informs on doing business in various countries, with special attention paid to Ukraine, Russia, Belarus, Azerbaijan and other ex-USSR countries,…
DetailsPreliminary data suggests that as of July 1, Ukraine’s international reserves amounted to the equivalent of $13.98 billion. The stock of international reserves keeps increasing for a third consecutive month. In June, international reserves expanded by 3.3% MOM, or by $452 million. In annual terms, international reserves rose by 36.3% YoY. June’s increase in international…
DetailsHearings by the Arbitration Institute of the Stockholm Chamber of Commerce in litigation between national joint-stock company Naftogaz Ukrainy and Russia’s Gazprom over the natural gas supply and transit contracts signed early 2009 will start late September and late November or early December, respectively, Naftogaz Ukrainy board chairman Andriy Kobolev said. He said that the…
DetailsHungary is ready to increase funding for the projects in Azerbaijan through the state Eximbank in case of necessity, Imre Laslotsky, Hungarian extraordinary and plenipotentiary ambassador to Azerbaijan, said. “Eximbank’s credit line worth $200 million was opened for these purposes within the framework agreement”, Laslotsky said. “In case of necessity, the amount of funding can…
DetailsThe total claims of Russia’s Gazprom against the national joint-stock company Naftogaz Ukrainy for the take-or-pay condition outlined in the 2009 contracts and challenged in court could reach $60 billion by 2020, Naftogaz Ukrainy commercial director Yuriy Vitrenko has said. He said Gazprom’s claims had so far amounted to $29.2 billion, and, taking into account…
DetailsDiesel locomotive worth 46.11 million soms is planned to be purchased for Bishkek HPP. Tender announcement has been placed on the public procurement portal. Tender participants must submit a certificate of absence of tax debts and social benefits, the company’s charter, as well as evidence of at least one similar contract worth 40 million soms.…
DetailsChina has lifted restrictions on supplies of poultry from Russia introduced in 2005 in connection with the avian flu, China’s Quality Control, Inspection and Quarantine Administration and the Ministry of Agriculture said. The document dated July 1, cancels earlier introduced decree prohibiting poultry import from Russia. Publication of this document is the first step in…
DetailsBelarusian enterprises will connect to the Sirano rapid alert system. Such an agreement was reached by the Belarusian Ministry of Agriculture and Food and Russia’s Federal Service for Veterinary and Phytosanitary Surveillance of Russia (Rosselkhoznadzor) at a meeting on July 6, Alexei Bogdanov, the head of the main division for foreign economic affairs at the…
DetailsBelarusian producers and Russian sales networks discussed the supplies of dairy products at a meeting in Moscow. The Belarusian diplomatic mission hosted the meeting that featured Russian experts in the quality of chain stores and representatives of quality units and manufacturing technicians of the Belarusian dairies. The meeting highlighted cooperation in the supplies of Belarusian…
DetailsAmbassador Extraordinary and Plenipotentiary of the Republic of Belarus to the Russian Federation Igor Petrishenko met with Ambassador Extraordinary and Plenipotentiary of the Republic of the Philippines to the Russian Federation and concurrently to the Republic of Belarus Carlos D. Sorreta. The parties discussed the entire range of bilateral relations in the context of the…
DetailsAccording to the State Statistics Committee, as of April 1, stocks of grain and pulses in Ukraine totaled 7.98 MMT, down by 20% YoY. Corn stocks decreased by 36%, to 3.073 MMT compared to 4.814 MMT on June 1, 2015. Wheat stocks went down by 3.6%, to 3.867 MMT, barley – by 13%, to 693…
DetailsThe Cabinet of Ministers of Ukraine has approved of the free trade area agreement with Canada and declared its readiness to sign it in the near future. This was posted on the Twitter account of the Ukrainian Economic Development and Trade Ministry. “The Government approved of FTA agreement with Canada and confirmed readiness to sign…
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