Romanian farmers have finished rapeseed harvesting. 2016 rapeseed harvesting campaign was the most productive ever in Romania. For more than 20 years rapeseed acreage in Romania has been expanded to the third largest acreage over the reporting period. In autumn 2015, sowing was carried out at the optimum seeding time. In general, wintering of this…Details
Renault Russia has launched exports of cars made in the country to Kyrgyzstan, the company said in a statement. “Renault Russia announces a launch of supplies of cars to Kyrgyzstan, thus expanding the export project to the CIS states. The first export supplies of Renault cars to the country were carried out in the framework…Details
As of August 22, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the areas of 26.2 million ha (on the same date in 2015 – 22.3 million ha), or 55.4% of the planned areas (47.3 million ha). The produced volumes reached 80.7 million tons of grains, with the average yield of…Details
Russia’s budget deficit may exceed 3% of the gross domestic product (GDP) in 2016, Prime Minister Dmitry Medvedev said after a government meeting. “The expected deficit this year will amount to more than 3%. It is higher than planned, naturally, we will do everything we can to keep the deficit in the framework of the…Details
Trade consequences of regional agreements may be adverse for countries not participating in them, department director of Russian Ministry of Economic Development Maxim Medvedkov said. In particular, Russia’s losses from Ukraine’s associations with the EU may climb to billion values, he added. “These effects are related to surging trade inside the region, sometimes prejudicing turnovers…Details
The President of Tajikistan Emomali Rakhmon took part in the opening ceremony of a number of facilities in the city of Sarband of Khatlon region. In particular, in this city, with the participation of E. Rakhmon, a refrigeration chamber with capacity of 1 thousand tons of fruits and vegetables was commissioned. The camera is equipped…Details
Minsk is close to reaching mutual understanding with Moscow regarding the price of Russian natural gas for Belarus and on exports of Russian oil to the country, Belarusian Prime Minister Andrei Kobyakov reported. “We slightly contracted in July, (our gross domestic product fell) by 0.2%. But this happened specifically due to a 700,000 ton decrease…Details
OAO Minsk Silicate Materials Plant will be incorporated by the Belarusian Cement Plant (Kostiukovichi, Mogilev region) in accordance with resolutions made by shareholders of both companies. The parties are expected to finalize the merger by December 2016. Besides, the Belarusian Cement Plant will increase its statutory capital by issuing 287,227 supplementary shares with a face…Details
Two Soligorsk-based companies: Belaruskali and Shakhspetsstroi – have started mining potash ore at the Garlyk mining and processing factory in Turkmenistan, a Belaruskali official said.
The general contractor for the Garlyk ore-mining project is OAO Belgorkhimprom (based in Minsk), which is supposed to launch the ore dressing factory in March 2017. (Prime-TASS/Business World Magazine)
The Belarusian artificial yarn manufacturer SvetlogorskKhimvolokno and the Hungarian retail chain Maxi Foods have signed a cooperation agreement. The document was signed during the presentation of the Belarusian economy at the international agriculture and food expo AGRA in the city of Gornja Radgona, Slovenia, the representatives of the Belarusian expo organization company BelInterExpo informed. Negotiations…Details
A Belarusian enterprise producing agricultural machines will be established in Kaluga region, Russia, the press service of the Embassy of Belarus in Russia reported. A Belarusian delegation led by Deputy Industry Minister Dmitry Korchik arrived in Kaluga region on August 23, with a working visit. The purpose of the visit is to study the region’s…Details
Belarus’ national stand has been presented at the international fair of agriculture and food AGRA in Gornja Radgona, Slovenia on August 20-25, the press service of the Belarusian Ministry of Foreign Affairs informed. The Belarusian National Exposition has featured the Belarusian enterprises of Belneftekhim Concern, Minsk Tractor Plant, Gomselmash, Minsk Kristall Group, Savushkin Product, Santa…Details
Belarus plans to increase its gold and foreign currency reserves by $500 million in 2017, Prime Minister Andrei Kobyakov said. It is a complex task but achievable, if the government and the National Bank coordinate their efforts, said Kobyakov. Belarus just needs to make an effective use of contacts and agreements with international financial institutions.…Details
As of August 24, agricultural organizations of Belarus harvested grains and pulses throughout the areas of 2 million ha, the Ministry of Agriculture of the Republic of Belarus declared.
The average yield totaled 3.37 t/ha. The harvested volumes reached 6.733 million tons of grains, down by 1.81 million YoY.
(APK-Inform/Business World Magazine)
The Asian Development Bank (ADB) has postponed the consideration of allocating a $200 million loan for implementation of the International North-South Transportation Corridor project, as well as for development of Azerbaijan’s railway sector, till the next year, said an ADB message. Earlier, the bank’s management planned to hold the project’s overview on December 12, however,…Details