The public joint-stock company Agrarian Fund starts negotiations on construction of a mill with Turkey’s Alapala Makina, the industrial division of Alapala Group. “We have received a proposal on supply of milling equipment from the Turkish manufacturer – Alapala Group, one of the two largest global companies in milling industry. Turkey’s Eximbank will finance the…
DetailsIn January-August the volume of beer production in Ukraine amounted to 129.1 million dal, or 98% against the same period in 2016, according to a report published by Ukrainian beverage company Ukrpyvo. “An expert estimate of the beer production volume in Ukraine (apart from non-alcoholic beer with an alcohol content of less than 0.5%) for…
DetailsFuel and energy complex of Turkmenistan has completed preparations to ensure the smooth provision of natural gas to consumers in the autumn-winter season, Turkmen Deputy Prime Minister for Energy Maksat Babayev said at a government meeting. In total, 930,210 households as well as 5,424 industrial and social enterprises are supplied with natural gas on a…
DetailsAccording to the Estonian Chamber of Commerce and Industry, Estonian business operators use various e-solutions and social media for showcasing their products and services, however they do not take advantage of all e-trade and -marketing opportunities in export. “Like elsewhere in the world, there are more and more companies in Estonia that are involved in…
DetailsIn August terminals working at Ventpsils port transshipped at total of 1.5 million tons of cargoes. This year’s cargo turnover, on the other hand, has reached 15 million tons, which exceeds last year’s volume by 17%. Data published by Ventspils Freeport authority show that cargo turnover in a monthly perspective was 1.5 million, up by…
DetailsLarge energy consumers will have to adopt energy management or energy audit by April 2018, Economy Ministry declared. Economy Ministry has sent letters to more than 1,000 businesses, asking them to perform energy audits and perform appropriate energy efficiency measures in the next four years to reduce general energy costs and thereby increase their competitiveness,…
DetailsMinsk conducted export and import operations with 188 countries in 2016, the National Statistics Committee reported. Last year the Belarusian capital exported $8.1 billion worth of products, or 34.6% of the country’s aggregate exports. Minsk companies exported tractors and tractive units, trucks, chemical products, refrigerators and freezers, timber, component parts for trucks and tractors, buses,…
DetailsAnother batch of mutton has been shipped to Iran, the press service of the Kazakh Ministry of Agriculture reported. The work, done by Kazakhstan’s agricultural ministry together with the Iranian side, resulted in the harmonization of the veterinary requirements for supplying live sheep and chilled mutton from Kazakhstan to Iran. In addition, the requirements for…
DetailsDTEK Energo has increased investments in the development and upgrade of its thermal power plants and mines. Over eight months of 2017, the company invested UAH 3.6 billion in its enterprises, up by 80% YoY. Investments in DTEK Pavlogradvuhillia and DTEK Dobropilliavuhillia made UAH 2.9 billion in the past eight months, up by 80%. This…
DetailsUkraine’s GDP growth this year is projected at 1.8%, while by 2020 this figure could reach 4%, President Petro Poroshenko stated in the Verkhovna Rada in his annual address on the internal and external situation of the country. “According to the results of this year, GDP growth is projected at 1.8%. We expect economic growth…
DetailsTurkmenistan’s President Gurbanguly Berdimuhamedov has met with the President of Council of the International Civil Aviation Organization (ICAO) Olumuyiwa Benard Aliu. During the meeting, the sides exchanged views on the prospects of cooperation as part of Turkmenistan’s national civil aviation development program for 2012-2030, being implemented in the country. Under this program, new air harbors…
DetailsAccording to information released by Statistics Estonia on September 7, the consumer price index in August increased by 0.4% compared to July and by 3.9% compared to August 2016. Compared to August of last year, goods were 3.8% and services 4.1% more expensive. Regulated prices of goods and services also rose by 7.2% and non-regulated…
DetailsThe railway electrification project in development by LDz is potentially lethal for Latvia’s national economy, says former head of Corruption Prevention and Combating Bureau’s Operative Investigations Office Juris Jurass, adding that it may be one of the biggest crimes currently being planned in the country. Jurass asked Aivars Lembergs if talks similar to those that…
DetailsProcurement prices of pork in live weight grew by 3% on a weekly basis, according to the Association of Ukrainian Pig Breeders. Since the beginning of current month, they have grown by UAH 1-2 per kg, to UAH 48.5-51 per kg, it said. Amid the growth, some meat-processing plants were forced to reduce purchases or…
DetailsThe international ratings agency Fitch Agency has downgraded Azerbaijani AccessBank’s Long-Term Issuer Default Rating (IDR) to “BB-” from “BB+”, says the agency’s report. At the same time, the agency has affirmed the bank’s Viability Rating (VR) at “f”. According to Fitch experts, the bank’s shareholders provided $20 million of equity in March and were committed…
DetailsUkraine’s state-owned Ukroboronprom concern is presenting the defense military complex products at the 25th international arms exhibition MSPO 2017, taking place in Kielce, Poland, from September 5 through September 8. According to Ukroboronprom, Ukraine at the expo showcases high-precision weapons, including anti-tank missile systems supplied to Ukraine’s army and available for exports. In addition, the…
DetailsSince the beginning of 2017-2018 MY, and as of September 1, Ukraine exported over 7.07 million tons of grains, the State Service of Ukraine for Food Safety and Consumer Protection (SSUFSCP) declared. In particular, the export volumes of Ukrainian wheat totaled 3.7 million tons, barley – over 2 million tons, and corn – 1.1 million…
DetailsPresident of Uzbekistan Shavkat Mirziyoyev spoke about economic opportunities in the relations between the two countries at a meeting with the Prime Minister of Kyrgyzstan Sapar Isakov. He said that Uzbekistan was ready to assemble cars in the Kyrgyz Republic and import its fabrics. Shavkat Mirziyoyev recalled that in the near future the parties planned…
DetailsOvostar Union, a leading shell egg producer in Ukraine, has received a permission to export the shell eggs of class A (table eggs) to the European Union effective from September 12. According to a report on the company’s website, the company is planning to start first deliveries in October. According to the EU materials, the…
DetailsBearish price trends persisted on the Ukrainian milling wheat market last week. Average export prices for 12.5%- protein milling wheat closed the week down by another $1-2/MT FOB for September-October delivery. Prices for wheat with 11.5% protein content remained within the last week’s range for September-October delivery. Export prices for feed wheat closed the week…
DetailsA bill has exited the Ministry of Defense that would grant Estonian defense industry businesses the right to handle military weapons and munitions. The plan is to grant businesses the right to transport, store, repair, alter and manufacture military weapons, ammunition, ordnance and other goods associated with military weapons, the Ministry of Defense said in…
DetailsIn 2016 gross consumption of renewable energy resources in Latvia constituted 68.7 petajoules (PJ). Compared to 2015, the consumption of renewables has risen by 5.7%, whereas over the past ten years – by 14.1%. As the gross consumption of renewable resources (mainly formed by domestic energy resources) increased, Latvian dependence upon imported energy resources reduced…
DetailsThis year more than 600,000 railway containers from China will go to Europe via Minsk, Chengdu International Railway Port, a major hub of the Belt and Road project, reported. The railway port is able to secure an uninterrupted supply of Chinese goods to Europe. Both big and small Chinese companies ship their products. The journey…
DetailsFitch Ratings, the international ratings agency, said that it had withdrawn International Bank of Azerbaijan’s (IBA) $500 million senior unsecured notes following the completion of the bank’s debt restructuring and the settling of the issue on September 1. The agency has not yet rated the new $1 billion senior notes due 2024 issued in part…
DetailsThe total state (direct) and government-guaranteed debt of Ukraine in July increased by 1.4% or by $1.05 billion, to $76.06 billion, the Ministry of Finance said on its website. The state debt in the national currency rose by 0.69% or by UAH 13.45 billion, to UAH 1.971 trillion. Since the beginning of the year the…
DetailsAs of September 4, Ukraine harvested 37.537 million tons of grains (including corn) throughout the areas of 9.794 million ha (67% of the plan). The average yield totaled 3.83 ton/ha, the Ministry of Agrarian Policy and Food of Ukraine declared. In particular, agrarians harvested buckwheat throughout 59 thousand ha (32%), and produced 67 thousand tons…
DetailsLatvian State Border Guard currently evaluates offers for procurement of new helicopters. The country’s National Armed Forces, one the other hand, has no plans to procure new helicopters in the near future. Until then, old helicopters will be kept repaired and in battle-ready condition, according to available information. It should be noted that Latvia currently…
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