According to the official statistics figures, during the first 2 months of 2017-2018 MY (July-August) Ukraine exported 2.9 thousand of oats, down 2.4-fold YoY (nearly 7 thousand tons). In the reporting period, Pakistan became the largest importer of the Ukrainian grain, and purchased 78% of the general shipments, followed by Qatar (10%), and the United…
DetailsTurkmen President Gurbanguly Berdimuhamedov in his message to the National Security Ministry’s employees on the occasion of 26th anniversary of this authority said that the fight against corruption and bribery carried out jointly with other law enforcement agencies should be strengthened. “You must confront the challenges and threats of modernity, prevent the entry into the…
DetailsThe Reform Party’s leadership condemned the government’s budget policy, saying that Prime Minister Juri Ratas’ approach to the budget was reckless. The party’s chairman, Hanno Pevkur, said Ratas’ choices regarding the state budget undermined Estonia’s future. “In a situation where the economy is growing and the president of the Bank of Estonia as well as…
DetailsThe work is underway to improve the structure of the Council of the State Commission for Mineral Resources under the Cabinet of Ministers of Turkmenistan. Earlier, it was reported that the potential resources of Turkmen hydrocarbons are 71.2 billion tons of oil equivalent, some 53 billion tons of which are onshore, and 18.2 billion tons…
DetailsAccording to information released by Statistics Estonia, the production of industrial enterprises increased by 5% YoY in August, with production increasing in mining and quarrying, but decreasing in the energy sector. In August, manufacturing production was 6% higher than the same month last year. Production growth was broad-based – last month, production surpassed August 2016…
DetailsThe Ministry of Road Transport of Turkmenistan will purchase 250 KAMAZ-6520 trucks with a carrying capacity of 20 tons, the Turkmen government said. The relevant decree was signed by President Gurbanguly Berdimuhamedov. The truck market in Turkmenistan is a promising one for KAMAZ. Since 2006, the country has received more than 9,000 units of cars…
DetailsLatvenergo’s energy trading company in Estonia – Elektrum Eesti – has commenced selling natural gas to business clients, as confirmed by the company. Elektrum Eesti is the second largest electrical energy trader in Estonia. Now it will also start selling natural gas in addition to electricity, expanding the company’s services. The company will offer gas…
DetailsThe Asian Development Bank (ADB) has kept the forecast for GDP growth in Turkmenistan at 6.5%, according to the “Asian Development Outlook 2017 Update: Sustaining Development Through Public-Private Partnership”. According to the bank’s forecast, the economy of Turkmenistan will grow by 6.5% in 2018. Meanwhile, the ADB lowered its forecast for inflation in Turkmenistan for…
DetailsPJSC Kyivkhlib, the largest Kyiv producer of bread and bakery goods, in 2017 began to supply its own products to the United States. “We export long-term storage products – gingerbread, straws, dry bread crumbs, cracker rings. Most of all we ship to Germany. We supply products to Central Asia, the Baltic States, Israel, and Canada.…
DetailsPrime Minister of Ukraine Volodymyr Groysman believes the goal for 2018 is to achieve economic growth in the amount of 5% of GDP. “We need a quality economic environment, we need investments that will allow us to grow rapidly in 2018. Our goal is more than 5% of GDP. This is what is achievable, something…
DetailsAccording to the Statistics Committee at the Ministry of National Economy of the Republic of Kazakhstan, in August the production of wheat flour in the country increased by 6% MoM and totaled 291.5 thousand tons, which broke a record for the month. In the reporting month Kazakhstan produced 317.8 thousand tons of flour from grain…
DetailsThe Estonian state-owned port company Port of Tallinn is planning on launching the first vehicle gateways outfitted with automatic license plate recognition as part of its EUR 7 million project to upgrade gates and waiting areas in Tallinn’s Old City Harbor. The Port of Tallinn will implement the Smart Port concept in Old City Harbor,…
DetailsThe Riigikogu has ratified the EU-Canada Comprehensive Economic and Trade Agreement (CETA), which will give European companies the opportunity to operate under the same competition conditions as Canadian firms. 66 members of the Riigikogu voted in favor of the motion and 1 was against, according to a Riigikogu press release. Chairman of the Foreign Affairs…
DetailsCompared to July, the level of construction costs in Latvia grew by 0.1% in August. Maintenance and operational costs of machinery and equipment rose by 0.4%, labor remuneration of workers decreased by 0.1%, whereas prices of building materials did not change significantly. Compared to August 2016, construction costs increased by 2.3%. Labor remuneration of workers…
DetailsThe Belarusian heavy truck manufacturer BelAZ and the electric motors manufacturer OOO Sibelektroprivod signed an agreement on strategic partnership in Novosibirsk. The two companies will continue working together as part of the joint project aimed at creating an electric traction drive for BelAZ dump trucks with the carrying capacity of 90 tons. Apart from that,…
DetailsThe level of inflation in Ukraine at the end of 2017 may be higher than the current forecast of the National Bank of Ukraine at 9.1%, which may force the NBU to apply a more stringent monetary policy, reads a statement on the central bank’s website referring to Deputy NBU Governor Dmytro Solohub. During a…
DetailsAccording to the official statistics figures, in July-August of the season-2017-2018 Ukraine imported 4.2 thousand tons of rye flour, down 2.1-fold YoY (8.8 thousand tons). At the same time, Belarus supplied almost all volumes of the reporting product on the Ukrainian market. As a reminder, in 2016-2017 MY Ukraine purchased 36.8 thousand tons of rye…
DetailsThe Asian Development Bank (ADB) expects that Azerbaijan’s GDP growth will be 1% in 2018, according to the “Asian Development Outlook 2017 Update: Sustaining Development Through Public-Private Partnership”. Azerbaijan’s GDP growth rate decreased by 3.8% in 2016. The ADB expects that the recession will continue in 2017, but its pace will slow down. Thus, according…
DetailsEconomy of Turkmenistan should be based on market relations, the country’s President Gurbanguly Berdimuhamedov said at a government meeting. The draft state budget for 2018 was on the agenda of the meeting. The Turkmen president noted that during the draft state budget’s preparation, special attention should be paid to increasing the volume of loan funds…
DetailsThe Estonian government at an extraordinary meeting on September 27 approved the 2018 state budget bill, which set out the first ever Estonian state budget to exceed EUR 10 billion. This marks the first full-length budget of the coalition government that took office in November 2016. The activities financed from the budget support the four…
DetailsPrices of bread made of rye and wheat in Ukraine rose by 20.9% YoY in September, according to a member of the Economic Discussion Club Oleh Pendzin. “Prices of first-grade flour increased by 12% from September 2016 to September 2017, those of rye flour climbed by 4.5%, while the price of bread made from first-grade…
DetailsTurkmenistan has proposed to host a summit of the International Fund for Saving the Aral Sea (IFAS) founding state heads in 2018. Ashgabat’s Permanent Representative to the UN Aksoltan Atayeva, addressing a general political discussion at the 72nd session of the UN General Assembly, called on the international community to more actively address environmental issues,…
DetailsThe funds in the amount of $1.32 billion from placing sovereign eurobonds due in 2032 for $3 billion were sent to the account of the State Treasury Service of Ukraine, the Finance Ministry has reported on its website. The ministry said that the deal to purchase eurobonds due in 2019 and 2020 for $1.68 billion…
DetailsAccording to the USDA estimates, the global crop of barley will be below its global consumption for a second season in a row. This trend will lead to a substantial decrease in barley stocks in the world. Global barley inventories are expected to shrink to a 34-year low of 18.6 MMT by the end of…
DetailsTajikistan’s draft state budget for 2018 was coordinated with the profile departments and submitted for consideration to the Standing Committee on Budget under the government of Tajikistan. After being studied and approved by the government, the draft state budget will be sent to the lower house of parliament for approval. The revenue part of the…
DetailsAccording to the Statistics Committee of Kazakhstan’s Economy Ministry, vegoil production in the country reached a record 349.1 KMT in the 2016-2017 season, up by 17% YoY. 29.2 KMT of vegoil was produced in Kazakhstan in August, up by 24% YoY and by 3% MoM. Output of sunseed, linseed and soybean oils closed the season…
DetailsOrganizations representing haulers in Estonia have issued a joint statement to two standing committees of the Riigikogu urging them to discuss the situation of the road haulage sector, as the country has lost an estimated EUR 50 million in tax revenue due to higher fuel duties this year. As a result of decisions made by…
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