The public joint-stock company Agrarian Fund has ordered mineral fertilizers valued at UAH 1 billion from Ostchem Group, which allowed three enterprises of the group to resume operations. According to a press release of Agrarian Fund, the funds to form batches of fertilizers and launching the plants totaled some UAH 1 billion, including UAH 750…
DetailsA free trade agreement between Turkey and Ukraine will be signed by the end of this year, Turkish Deputy Economy Minister Fatih Metin said at a meeting of the International Turkish Ukrainian Businessmen Association (TUID) in Kyiv on July 11. According to Metin, the free trade agreement between Turkey and Ukraine is being drafted, but…
DetailsIn January-June the Freeport of Riga handled 17,512,200 tons of cargo, down by 4.1% YoY. Coal transshipment climbed by 7.4%, to 6,398,600 tons, wood pellets by 13.4%, 353,000 tons, oil products dropped by 31.8%, to 3,270,400 tons, ore by 9.2%, to 165,400 tons. The port’s container throughput grew by 14%, to 208,107 TEUs. Passenger turnover…
DetailsUkrainian enterprises in June imported gas at an average price of UAH 5,566 or $213.7 per 1,000 cubic meters, according to the website of the Ministry of Economic Development and Trade. In January, according to the Ministry of Economic Development and Trade, the price of gas imports amounted to $229.51 per 1,000 cubic meters (UAH…
DetailsAccording to preliminary estimates, Ukraine exported 43.8 MMT of grains in MY 2016-2017 that closed on June 30. This is an all-time high for the country, the Ag Ministry reports. “Last year’s bumper crop of 66 MMT translated into exportable stocks of 43.8 MMT, an all-time high for Ukraine. The upward trend also manifested itself…
DetailsAs of July 3, Tajikistan harvested 432.7 thousand tons of grain crops throughout the areas of 303.9 thousand ha, the Ministry of Agriculture of the Republic of Tajikistan declared. According to the announcement, in January-May Tajikistan imported 360 thousand tons of wheat (at the average price of $224 per ton), down by 23.8 thousand tons…
DetailsFreight volume handled in the Port of Liepaja in January-June climbed by 30% YoY, to 3,272,900 tons, the port authority says. In the reporting period, transshipment of coal surged 4.6-fold, to 780,400 tons, wood pellets – 1.4-fold, to 153,700 tons, construction materials – by 6.9%, to 270,200 tons, oil products – by 55.7%, to 219,400…
DetailsThere are plans to start assembling Belarusian agricultural machines in Tajikistan in autumn, Ambassador Extraordinary and Plenipotentiary of Belarus to Tajikistan with concurrent accreditation to Afghanistan Oleg Ivanov reported. The ambassador took part in a seminar for heads of diplomatic missions and consular institutions of Belarus. Products of such Belarusian brands as Bobruiskagromash, MTZ, and…
DetailsKazakhstan has seen a 7% growth of food staples prices since the beginning of this year, Minister of National Economy Timur Suleimenov said at the session of the government on July 11. “According to official statistics, food staples prices have increased by 7% since the beginning of 2017,” said Minister Suleimenov adding that inflation made…
DetailsThe State Customs Committee of Azerbaijan transferred almost 1.15 billion manats to the state budget in January-June, up by 15.4% YoY, according to the Committee’s report. The Committee transferred more than 173.65 million manats to the state budget in June. Revenues from customs duties amounted to about 44.22 million manats, from the value added tax…
DetailsRyanair (Ireland), the largest European low-cost air carrier, has stopped the sale of tickets for flights to Kyiv and Lviv. This is evidenced by the ticket sales system on the airline’s website. There are no official statements of the company on the website, however it is impossible to purchase tickets for Ukrainian flights. As reported,…
DetailsCEO of Ukraine’s largest state-owned international airport Boryspil Pavlo Ryabikin says that signing contract with Europe’s largest low-cost carrier Ryanair will inflict UAH 2 billion, or $77 million, annual losses. “We determine that our risk zone is about UAH 2 billion of lost revenue, and this is in conditions when we have to invest UAH…
DetailsThe average price rate in Latvia comparing June 2016 to June 2017 has increased by 3% as products got 2.6% more expensive, services – by 4%, calculated the Latvian Central Statistical Bureau. The statisticians found that compared to June 2016, last month the greatest pressure on the price changes was put by the rise in…
DetailsIn January-June the port of Ventspils handled 12.4 million tons of cargo, up by 23% YoY. According to the port authority, transshipment of Ro-Ro cargo grew by 22%. In the reporting period, Kalija parks handled 175,000 tons. The number of passenger carried by Ventspils- Nynashamn line grew by 30%, to 21,700 passengers. Ventspils port is…
DetailsA new freight train will connect eastern China’s Jiangxi Province and Uzbekistan. The train loaded with steel coils, garments and daily items, valued at $1.8 million, departed from Chinese city Ganzhou on July 7 and is expected to arrive in Tashkent 12 days later. This train is a part of China-Europe railway route. More than…
DetailsEurasian Development Bank (EDB) expects that Belarus’ GDP will go up by 1.3% YoY in 2017, EDB’s July macroeconomic review says. “The economic recovery trend in Belarus continues. In January-May, the country’s GDP rose by 0.9% as against the same period of 2016. We expect that the positive tend will persist, and Belarus’ GDP will…
DetailsPresident of Turkmenistan Gurbanguly Berdimuhamedov signed a decree on reorganization of certain banks in the country, the Turkmen government said in a message. At a government meeting, the Turkmen president gave concrete instructions to the management of the country’s Central Bank. Also, a decree was signed on the transfer of rights and obligations on the…
DetailsUkraine has increased gas inventories in underground storage by 47.3% since the end of the heating season, according to operational data from Ukrtransgaz. The inventories amounted to 11.929 billion cubic meters on July 8, up from 8.1 billion cubic meters on March 22. The current inventories are up by 21.5% YoY (9.821 billion cubic meters),…
DetailsOver the past 4 months, trade turnover between Kazakhstan and Malaysia increased by 30% YoY. “Kazakhstan sees Malaysia as an important strategic, trade and economic partner among the countries of South-East Asia. I would like to note the positive dynamics of the bilateral trade and economic cooperation development. Foreign trade turnover between Kazakhstan and Malaysia…
DetailsThe Central Bank of Uzbekistan has set new standards for managing current and instant liquidity of commercial banks, said the message posted on the bank’s website. The current liquidity ratio defined as the ratio of the amount of current assets (liquid assets and bank’s investments with a payment period of up to 30 calendar days,…
DetailsBritain’s Crown Agents is replacing a number of medicines supplied under the project of public procurement of medicines for oncology adults and children by the 2015 state budget, the agency has said in a press release. At present, Crown Agents replaced 2,800 out of 17,000 packages of Methotrexate to treat child oncology that was procured…
DetailsUkraine boosted electricity exports by 59.5% YoY in January-June, to $136.4 million, according to Ukraine’s State Fiscal Service. Hungary accounted for 57.4% of electricity sales abroad, the share of Moldova was about 20.6% and that of Poland about 17.4%. In June Ukraine’s electricity exports to Hungary were estimated at $4.3 million, those to Poland at…
DetailsSlavkaliy will sell its products only via Belarusian Potash Company (BPC), Slavkaliy’s Chairman of the Board Mikhail Gutseriyev reported. When asked about possible cooperation with Uralkali, Mikhail Gutseriyev said: “We are going to work and sell only via Belarusian Potash Company. We are not going to compete with Belaruskali in any way.” According to Mikhail…
DetailsThe Free Economic Zone “Jizakh” held the ceremony of laying a capsule in the foundation of a new production complex of JV “Uzbekistan Peugeot Citroen Automotive”. A modern industrial complex designed to produce 16 thousand cars per annum is set to be built in the framework of the project on a land plot of 45…
DetailsAzerbaijani President Ilham Aliyev has signed an order to provide funding for the construction of Galagayin-Osmanli-Chol Beshdali-Zalgaraagach-Chol Agamammadli-Azadkend-Mugan Ganjali road in Sabirabad.
Under the presidential order, 14.4 million manats is allocated from the state budget for the construction of the road connecting 15 residential settlements with a total population of 41,000 people. (Trend/Business World Magazine)