The Antimonopoly Committee of Ukraine (AMC) has allowed ex-Deputy Prime Minister for Social Policy Sergiy Tigipko, the founder and major shareholder of TAS Group, to indirectly acquire Universal Bank (Kyiv) through Bailican Limited (Cyprus). Universal Bank was founded in 1994. The largest shareholder of the bank as of the beginning of 2016 was ERB New…
DetailsBy 2050 the annual production of grain crops in Ukraine will total nearly 90 million tons, including nearly 50 million tons of grains for exports, the advisor to the Minister of Agrarian Policy and Food of Ukraine Vladyslava Rutytska declared. According to her, China will become the main country-importer of Ukrainian grains. Nearly one half…
DetailsAccording to official information, Ukraine exported some 1355.3 KMT of corn in October, up by 3% YoY (1314.8 KMT). Nonetheless, Ukrainian corn exports did lag 3.6% behind 2015 in the first two months of the season. Ukraine supplied 1411.9 KMT of corn to foreign markets in September-October (1465.1 KMT at the same time in MY…
DetailsAccording to Bulgarian Ministry of Agriculture, as of November 17, 760.6 thousand ha of sunflower had been threshed, which was 100% of the plan. 1701 KMT had been threshed with an average yield of 2.24 MT/ha. Harvesting campaign showed better results compared to last year. As of November 17, 14.4 thousand ha of soybean has…
DetailsBelarus and Slovakia intend to cooperate in power engineering, pharmaceutics, and petrochemical industry. The relevant agreement was reached during the meeting of Prime Minister of Belarus Andrei Kobyakov and Prime Minister of Slovakia Robert Fico on November 25. Cooperation in woodworking, information technologies, agriculture, and tourism also looks promising. Andrei Kobyakov reported that a large…
DetailsAzerbaijan Railways CJSC considers it necessary to organize a meeting of working groups to analyze and evaluate the dispatch of test container trains from Mumbai to Russia via Iran and Azerbaijan, Javid Gurbanov, head of the Azerbaijani Railways CJSC, said. “Several test containers were sent from Mumbai to Russia in October. This was the first…
DetailsThe Cabinet of Ministers of Ukraine canceled the ban on blending of grain crops of different grades (adjustments to the Decree of the Ministry of Agrarian Policy No. 661 dated December 13, 2008), the press-service of the Ministry of Economic Development and Trade of Ukraine declared. According to the announcement, due to the action of…
DetailsThe Azerbaijani government is ready to assist all participants of the international North-South transport corridor in every way possible, Sahil Babayev, Azerbaijan’s deputy economy minister, said. “Azerbaijan, being a member of such multimodal projects as North-South and West-East transport corridors, sees itself as a regional hub. Logistics and infrastructure development is necessary for development of…
DetailsAddressing the International Rail Business Forum titled “Strategic Partnership 1520: Caspian region”, Head of Azerbaijan Railways CJSC Javid Gurbanov spoke about priorities of the company’s activities. The priority directions of the activity of Azerbaijan Railways CJSC for 2017-2018 includes the development of the North-South transport corridor, renewal of infrastructure from Yalama to Astara in order…
DetailsAzerbaijan’s Energy Minister Natig Aliyev has cancelled his visit to Vienna, where he planned to take part in the second meeting of the OPEC High-level Committee, established by the Algiers Accord, with non-OPEC oil producing countries, the ministry reported. “The minister has revised his plans for visiting Vienna in connection with the cancellation of this…
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