Ukraine increased gas production by 2% YoY in January-May 2016 to 8.391 billion cubic meters (bcm), the Ukrainian Energy and Coal Industry Ministry said. Naftogaz enterprises reduced gas production by 1.1%, to 6.67 bcm, including production of 6.12 bcm by Ukrgazvydobuvannia and a 0.550 bcm by Ukrnafta. Other oil and gas companies operating in Ukraine…
DetailsAccording to the Russian Slon.ru news portal, the Ukrainian economy has been showing stronger growth than that of Russia, according to the official statistics of the two countries. In the fourth quarter of 2015, Ukraine’s GDP did not fall as steeply as Russia’s, and, in the first quarter of 2016, even rose slightly in contrast…
DetailsThe production of vodka in Russia has increased year on year by 30% in April and 29% in May. The increase has been informally linked to raids carried out by the Federal Security Service (FSB) and Federal Tax Service in February. The groups raided a number of illegal vodka factories in the Northern Caucasus, closing…
DetailsThe Hong Kong Airport Authority is considering selling off the aircraft, owned by a defunct Russian airline, after it failed to pay outstanding parking fees, according to a court document. In a rare move, the city’s aviation bosses are seeking to claw back money owed by Transaero Airlines, enforcing the Airport Authority Ordinance, which empowers…
DetailsCurrent potato prices in Russia take just a third of those levels registered in the mid-February 2015. For the present, farmers from main producing regions are ready to ship at RUB 6-8/kg ($0.07-0.11/kg), and prices of nonstandard produce do not exceed RUB 5/kg ($0.06/kg). For comparison, last year growers were uninterested in selling high-quality potatoes…
DetailsThis year sunflower planted area for the 2016/2017 crop has already reached 7069.7 thousand ha, which exceeds the intended 6949.6 thousand ha by 120.1 thousand ha. As UkrAgroConsult estimated earlier, planted area may be expanded to 7200 thousand ha. Despite the fact that this area is below the record large acreage of the 2011/2012 season…
DetailsRussian Federal Service for Veterinary and Phyto-Sanitary Control has reconsidered its decision to ban imports of vegetative products from Macedonia, the watchdog’s deputy head Alexey Alekseyenko said after negotiations with the republic’s representatives in Moscow. “Previously, we were concerned over attempts by criminal groups to use fake certificates of Macedonia’s Quarantine and Plant Protection Service”,…
DetailsAs of July 4, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the areas of 1.4 million ha (in 2015 – 0.7 million ha) and produced nearly 6 million tons of grains, with the average yield of 4.27 t/ha (in 2015 – 2.7 million tons with the yield of 3.85 t/ha),…
DetailsRussia’s Rusal and Hebei Joy Sense Cable Co. (HJSC), a leading Chinese aluminum alloy cable manufacturer, have signed an agreement to establish a joint venture Rusal-Hebei Joy Sense Cable Special Aluminum Products Co. Ltd., Rusal reported. At this stage, the partners will invest $1 million and make further investment decisions on completion of the feasibility…
DetailsThe total network of operating structural units of Ukrainian banks in the first half of 2016 decreased by 1049 offices, or by 8.8%, in particular because of insolvent banks – by 498 branches, according to the website of the National Bank of Ukraine (NBU). According to the report, the reduction of the banks’ network in…
DetailsRapid Trident-2016 military exercises are being held from June 27 to July 8 in the territory of Yavorov training area in Lvov region. They has been held since 2006 as part of the Partnership for Peace military cooperation program. Rapid Trident-2016 exercises are aimed at introducing and sharing best practice of the armies of advanced…
DetailsOrexim Group has designed a method to reveal chicken fat in sunflower oil and is testing it. The company seeks to patent it in the near term. “I have been working on the matter to quickly determine chicken fat in oil for over a year. I have specialists who can make this test in 30…
DetailsMriya agroholding has claimed an attempt of illegal seizure of its motor transport enterprise located in Khorostkiv (Ternopil region) and the former owner is suspected of doing this. “At around nine o’clock in the morning on July 1, 30 men, among whom were several security service employees of the former owners of Mriya agroholding (the…
DetailsMoldova has exported 12 thousand tons of grapes to the EU in 2014, 6 times as high as registered in 2013 and the highest export result ever. Moldova’s total exports of grapes amounted to 51 thousand tons in 2014 with 29 thousand tons of exports to Russia, 8 thousand tons to Belarus, and 2 thousand…
DetailsOn July 1-2, a large-scale international scientific-practical conference “Technologies and innovations: from the ground to the finished product” has successfully been held in Lviv. The participants were about 300 representatives of the horticultural and processing industry from all over the country and abroad. The conference was also attended and discussed topical issues of horticulture and…
DetailsAlcohol imports into Russia may stop due to a shortage of excise stamps. Russian law requires all alcohol imports to have a stamp so that they can be properly taxed. The State Duma called for the old excise stamps to be replaced by a new model last year, but no company has yet been given…
DetailsIn 2016 “Kyiv Automatics Plant named after G. Petrovsky” – SE “UkrOboronProm” owns government’s stake in registered capital of the given enterprise – increased sales 2.4 times YoY. “In six months of this year the company sold products for a total of 38.6 million UAH. Last year this index amounted to 16.3 million UAH”, said…
DetailsContinuing trucks market decline in Ukraine that has almost brought domestic production to a halt affects negatively “AutoKrAZ”. The only Ukrainian manufacturer of heavy-duty trucks, Kremenchug Automobile Plant, finds it difficult to withstand crisis but progress made shows that the situation stabilizes gradually and production rate tends to increase. Within the second quarter of this…
DetailsKazakhstan has imported about 6 thousand tons of Polish apples in December 2014, an increase of 50% compared with the same month of the previous year and record high result for at least 5 past seasons. It should be noted that Poland has been raising apple exports to Kazakhstan since the very beginning of the…
DetailsKazakhstan’s largest oil producer Tengizchevroil (TCO) plans to produce first oil at Tengiz oilfield in 2022. Investments into the project expansion will amount to $36.8 billion, TCO said. The decision was made to finance the next phase of expanding production facilities of the Tengiz oilfield, the company reported. It will comprise the future expansion project…
DetailsOne of the largest corporations in Japan, Mitsubishi Corporation, and NIKO Group have created a joint venture MMC Ukraine LLC (Kyiv) with 60% and 40% shares respectively. The company is a new Mitsubishi car distributor in Ukraine. MMC Ukraine has been a representative of Mitsubishi Motors Corporation in Ukraine and Moldova since May 10, 2016.…
DetailsIn 2016, the general grain harvest in Russia will reach 110 million tons, which will become the record index for the country, announced the deputy director of the strategic management department at Rusagrotrans Igor Pavensky. According to the expert, Rusagrotrans raised its estimations of the index from 108.1 million tons to 110 million tons. If…
DetailsIn 2015/2016 MY, Ukraine broke a new record of grain exports, which totaled 39.415 million tons, an increase of 4.61 million tons compared with the previous season, or up by 13%, declared the Ministry of Agrarian Policy and Food of Ukraine. In particular, last season Ukraine exported 17.354 million tons of wheat, 17.396 million tons…
DetailsThe share of Ukrainian soybeans in the general import structure of the oilseed to Turkey continues steadily increasing, declared the Foreign trade coordinator at Altinates Kimya A.S. During the first 4 months of 2016, Turkey imported 638 thousand tons of soybeans, including 172 thousand tons of soybeans from Ukraine (27%), said the expert. Also, Ertekin…
DetailsA multi-million dollar blueberry plantation and processing plant will soon be established in Georgia in a bid to counter Europe’s high demand of blueberries. And the increase in exports will offer a much-needed boost to the country’s economy, said Agriculture Minister Otar Danelia. The new blueberry plantation and processing plant would offer jobs to about…
DetailsAccording to the Sukhoi aircraft manufacturer, flight tests of Russia’s Sukhoi T-50 (PAK FA) fifth-generation fighter aircraft are at the final stage. “Prospective aviation complex of fifth generation (PAK FA) is at the final stage of its tests… More than 700 flights have been conducted. Which has allowed us to work out and prove sustainable…
DetailsThe 2015/2016 season is almost complete. Summarizing the results of this season, UkrAgroConsult emphasizes record high exports from the key Black Sea countries (Ukraine, Russia, Kazakhstan). Since the beginning of the current season and till June grain exports from the Black Sea region set a new record of 76.6 MMT. UkrAgroConsult estimates that in June…
DetailsThe capacity of the berry market in Ukraine is estimated at 190-200 thousand tons, or more than $250-300 million, while its annual growth rate is 2-4%, UkrAgroConsult CEO Serhiy Feofilov said. “The berry market of Ukraine is at the stage of formation. Investment has recently come here. Currently we are on the threshold of a…
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