Bearish 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DetailsFitch Ratings, the international ratings agency, said that it had withdrawn International Bank of Azerbaijan’s (IBA) $500 million senior unsecured notes following the completion of the bank’s debt restructuring and the settling of the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…
DetailsThe capital assets of the Azerbaijani Armed Forces Relief Fund amounted to 84,650,521.36 manats ($49.8 million) as of September 1. Azerbaijan’s Defense Ministry reported that the Fund’s dollar account has accumulated $212,873.88, the euro account reached 8,336 euros, while the ruble account made up 5,000 rubles. The Armed Forces Relief Fund, established in 2002, targets…
Details“This year we signed a contract for the delivery of various types of clothing to Kyrgyzstan for $2 million,” Anna Dobrykh, representative of the company “Iftkhorki Sanoat”, reported. According to her, they have been cooperating with Kyrgyz companies for two years. “At the business forum, we expect to sign more contracts. Agreements and intentions have…
DetailsThe Ministry of Economic Affairs and Communications has submitted a proposal to the government to support the state-owned railway infrastructure company Estonian Railways with EUR 8 million from the Rail Baltic railway project and road management in order to maintain the budgetary balance of infrastructure companies. Estonian Railways must be supported as, according to the…
DetailsThe industrial group Belorusneft is eager to become the national company in charge of operating the network of electric car charging stations in Belarus, the company’s representatives reported. At present Belorusneft operates eight charging stations as part of its refueling stations chain. Three charging stations were commissioned last month – two in Gomel region and…
DetailsElectric Stations OJSC decided on the supplier of Kara-Keche coal for the capital heating plant. As a result of a tender conducted between Electric Stations JSC and the Partnership of Coal-mining Enterprises, headed by Kyrgyzkomur SE, a contract was signed for the delivery of 450,000 tons of coal from the Kara-Keche field to Bishkek’s thermal…
DetailsMunicipal enterprise Kyivpastrans has announced a tender for the purchase of electronic equipment, namely technical means of automated payment systems (APS) with software and its installation. According to the announcement on the ProZorro electronic trading platform, the deadline for submitting documents for the tender is September 18, the auction will be held at 11:30 on…
DetailsErnest Airlines intends to start flying from Kyiv to Naples and Bergamo from Kyiv and to Naples, Venice and Bergamo from Lviv in 2017. The airline said on its website that Kyiv-Naples flights would be serviced from December 9, Kyiv-Bergamo from December 4, Lviv-Bergamo from October 20, and Lviv-Venice and Lviv-Naples from December 8. The…
DetailsLinda Line, which operates the high-speed catamaran Karolin between Tallinn and Helsinki, has canceled all September 4 departures from both capital cities due to bad weather conditions on the Gulf of Finland. Linda Line, which operates under the Linda Line Express brand, has a policy of canceling departures due to conditions involving wind speeds in…
DetailsThe Bloc of Petro Poroshenko (BPP) faction in parliament has called on the government to increase the minimum wage to UAH 4,000 (about $150). The chairman of the BPP faction, Artur Herasymov, said this at a meeting of the parliament’s conciliatory council on September 4. “We are appealing to the government regarding a further increase…
DetailsTurkmenistan’s President Gurbanguly Berdimuhamedov met with Ahmet Calik, head of the Turkish construction company Gap Insaat. Calik informed the president on the progress of construction of a gas chemical plant for urea production in the Garabogaz city of Balkan region. A large-scale production will be conducted at the plant for deep processing of natural gas…
DetailsLatvian and Lithuanian trade union leaders visiting Estonia last week were given an in-depth overview by Estonian colleagues of employees’ issues related to the creation of Luminor, a new Baltic bank, by the merger of the Baltic operations of DNB and Nordea. “Since we will have a Baltic bank in the new Luminor Bank, its…
DetailsBelarus plans to crop nearly 10 million tons of grain in 2017, Belarus’ Agriculture and Food Minister Leonid Zayats said. “It will be some 10 million tons of bread,” Leonid Zayats said about the 2017 harvest. The minister added that it was a difficult year for the agrarians and there was no confidence in such…
DetailsKyrgyzstanis will pay for 1 cubic meter of natural gas 14.39 soms in September, Gazprom Kyrgyzstan LLC reported. The cost of fuel remained the same as in August. Industrial enterprises, commercial structures and budget organizations will pay 17.64 soms, including VAT and sales tax, without taking into account sales tax – 17.49 soms. The tariff…
Details“The government allocated low interest loans of more than 2 billion manats for entrepreneurs over the last years, of course, entrepreneurs also invested their funds. As a result of this initiative, nearly 4 billion manats or perhaps even more funds were allocated to the real sector of the country’s economy,” said President of the Republic…
DetailsThree companies have submitted applications to store natural gas in Ukrainian underground gas storage (USG) facilities in the customs warehouse regime, a source in the Energy and Coal Industry of Ukraine has reported. The source said that in coming days first pumping could start and first documents would be signed. Until recently, the customs clearance…
DetailsUkraine in the first half of 2017 implemented 415 international technical assistance projects worth a total of $5.32 billion, the press service of the Ministry of Economic Development and Trade reported. The major donors of technical assistance remained the U.S. with 104 projects worth $1.5 billion, the European Bank for Reconstruction and Development with 39…
DetailsFinnish carrier Finnair has announced that it will add 17 weekly flights to the Helsinki-Tallinn service in the summer 2018 season, flying up to ten trips between the two capitals a day. In addition, Finnair will add three new destinations and capacity to its popular long-haul destinations. Up to three additional departures per day will…
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