Belarus to continue WTO accession talks

Belarus will continue negotiating its accession to the World Trade Organization (WTO), representatives of the Foreign Economic Affairs Department of the Belarusian Ministry of Foreign Affairs reported. The negotiations will be aimed at shaping and agreeing upon balanced and favorable terms of Belarus’ membership in the World Trade Organization. Work to that effect will be…


Belarus: exports to go up by 2020

Belarus’ Council of Ministers approved of the national export promotion program for 2016-2020 and a roadmap for its implementation. The plan is outlined in Decree No. 604 of August 1, the press service of the Belarusian government reported. “The national program does not provide a detailed forecast for external trade in 2016-2020 but spells out…


Belarus: electrical power output down H1 2016

Electrical power output of Belarus’ power generating companies reduced by 2.8% YoY in January-June, to 16.6 billion kilowatt-hours (kWh), an official with the National Statistics Committee of Belarus (Belstat) reported.

Thermal energy output in H1 2016 went up by 0.9% YoY, to 32.8 million gigacalories. (Prime-TASS/Business World Magazine)

Azerbaijan: export & investment opportunities with China expand

The Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and the China Council for the Promotion of International Trade (CCPIT) signed a memorandum of understanding. The memorandum was signed during the meeting of representatives of AZPROMO and CCPIT in Baku. The memorandum stipulates expanding joint export and investment opportunities between Azerbaijan and China, as well as…


Ukraine: Ukroboronprom to supply 60mm caliber mortars meeting NATO standards

Public joint-stock company Plant Mayak (Kyiv), part of Ukroboronprom State Concern, is preparing for batch production of new 60mm caliber mortars “Kamerton” designed to meet NATO technical standards AQAP-2000. At the presentation of a sample Mayak Director Oleksandr Perehudov said that batch production of new Kamerton mortars was scheduled for August after finishing tests by…


Russia: sunflower stocks up

As of July 1, oilseed stocks at Russian enterprises were 675 KMT, up by 268 KMT or by 66% YoY.

Sunflower seed stocks are 100% higher than last year. Thus, there were 389 KMT of sunflower seed against 184 KMT. (UkrAgroConsult/Business World Magazine)

Russia: vegoil production down

In May Russia produced 283 KMT of sunflower oil against 267 KMT in April 2016 and 283 KMT in May 2015. Since the beginning of the season (September-May) sunflower oil production equaled 3084 KMT, down by 10% YoY. Production share of processed sunflower products is more than 80% of the total vegoil production (3833 KMT).…


Russia: seaports of Krasnodar Krai export 9 million tons of grains in January-July 2016

In January-July the seaports Yeysk, Kavkaz, Novorossiysk, Temryuk, Taman and Tuapse shipped for exports 572 vessels with grains and by-products, at the volume of more than 8.9 million tons, the Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) declared. In particular, the share of wheat in the general structure of grain exports from the reporting…


Russia: quality of new crop wheat down

According to market participants, in the current season in the European part of Russia the qualitative characteristics of new crop of wheat became significantly lower compared with last year. In particular, rather insufficient volumes of high-quality 3-grade wheat are observed. Therefore, during two recent weeks the market often demonstrated high prices for the grain. Qualitative…


Ukraine: qualitative indices of new crop wheat up

Most operators of the Ukrainian market noted that the qualitative characteristics of new crop wheat mainly corresponded to the State Standard requirements (DSTU), and in general, were significantly higher compared with the previous season results. However, some market participants report on coming of grains with low gluten content, low natural weight, and infected with Fusarium…


Kazakhstan to join top 40 world’s countries with best logistics climate

Kazakhstan set a task to move from the 77th place to the 40th place in the rankings of world’s countries with the best logistics climate by 2020. “Building high-quality transport and logistics infrastructure and conducting flexible tariff policy and strengthening partnership relations between the participants of the market allowed to improve the quality of transport…