An article “Tajikistan Mulls EEU Membership, Feels Pull of Russia” posted on EurasiaNet.org’s website notes that many Tajiks oppose economic integration with Russia Abdufattoh Ghoib, the head of Tajikistan’s Customs Service, announced on July 19, that the Tajik government was considering making an application to enter the Eurasian Economic Union (EAEU). Ghoib’s declaration followed an…Details
The price of Russian crude oil supplies to Belarus dropped by 25.4% YoY in January-June to $208, Belarus’ National Statistical Committee (Belstat) said in a report. Belarus’ expenditures on crude oil imports from Russia decreased by 24.8% YoY to $2.398 billion. In H1 2016 Belarus purchased 11.522 million tons of Russian crude, up by 0.9%…Details
Russia plans to increase grain exports to Palestine from 70 thousand tons to 250-300 thousand tons, the Russian-Palestinian intergovernmental commission on trade and economic cooperation declared. The Palestinian party is interested in cooperation in the sphere of energy, health care, culture and agriculture. The first contract with the Palestinians for the supply of 70 thousand…Details
Russia will abandon the wheat export duty until July 2018, Deputy Agriculture Minister Dzhambulat Khautov said. “The export duty on grain will be abolished in Russia until July 2018”, he said. Khautov said that the ministry’s proposal to abandon the Russian wheat export duty had been approved at a meeting held by Deputy Prime Minister…Details
As of August 29, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 30.8 million ha (on the same date in 2015 – 25.7 million ha), or 65.3% of the planned areas (47.3 million ha). The produced volumes reached 89.3 million tons of grains, with the average yield…Details
The Russian central bank could reduce its key rate at the next meeting on September 16, CEO of the country’s biggest lender Sberbank German Gref said. “If inflation goes down, there are chances”, Gref said. The board of directors of the ruler decided on July 29, to keep the interest rate at 10.5% after a…Details
According to official data, as of August 26, Russian farmers had threshed 29.2 million ha (61.9%) of grains and legumes against 25.7 million ha on the same date in 2015. 86.2 MMT was harvested with average yield of 2.95 MT/ha (in 2015 – 69.3 MMT with 2.7 MT/ha). Wheat was threshed from 18.1 million ha…Details
Ukrainian President Petro Poroshenko has stated that the investors from the South-East Asia are willing to invest in the Ukrainian economy. The President said this at the meeting of the National Council of Reforms. “We have not only European investors. Our talks during the visits to the South-East Asia show that today the investors are…Details
Plans have been made to implement a pilot project of the United Nations Organization to develop social entrepreneurship in several areas in Grodno region. The information was released during the latest meeting of UN Resident Coordinator in Belarus Sanaka Samarasinha and Grodno region Governor Vladimir Kravtsov. Sanaka Samarasinha explained: “It is a new project that…Details
Kazakhstan intends to gather over 100 participating countries and over 5 million visitors during the EXPO 2017 that will take place in Astana, the Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Belarus Yergali Bulegenov said. As many as 97 countries and 18 international organizations have confirmed they are going to participate in the EXPO 2017.…Details
In 2016 Moldova will decrease the harvest of sunflower seed by 30-40% compared with the previously expected indices, due to weather conditions, the Ministry of Agriculture and Food Industry of Moldova declared. Agrarians noted that the oilseed yield dropped below 2 tons/ha, while the previously expected level totaled 3.5 tons/ha. July drought and heat became…Details
The CIS financial and economic forum will take place in Minsk in October, head of the CIS election observation mission Sergei Lebedev said. “The financial and economic forum will be held as part of the meeting of the CIS Heads of Government Council in Minsk. Almost every member state expressed its readiness to take part”,…Details
In Kazakhstan oilseeds planted area for 2016/2017 crop increased to 2118 thousand ha compared to 2101 thousand ha last year.
Planted area approached the 2014/20015 season’s level, when the acreage reached all-time high at 2413 thousand ha. Despite rains, weather conditions allowed farmers to conduct seeding within optimum time. (UkrAgroConsult/Business World Magazine)
National Iranian Oil Company (NIOC) has signed oil contracts with a range of companies, including Russian oil producer Lukoil.
Other companies included OMV, Total and Pertamina.
Earlier in August, Russian ambassador to Iran Levan Dzhagaryan said Lukoil was considering development of two deposits near the Iranian city of Ihvaz. (Prime/Business World Magazine)
Belarus’ move to adopt International Financial Reporting Standards (IFRS) and clarifications on January 1, 2017 will contribute to increasing the transparency of Belarus’ corporate sector for investors and creditors, Pavel Laschenko, EY Belarus Managing Partner, believes. The IFRS standards will acquire the same legal status as guidelines and provisions of the Finance Ministry of Belarus…Details