Belarus: Keramin net profit down H1 2016

Belarus’ OAO Keramin (based in Minsk, sanitary stoneware manufacturer) earned a net profit of Br3.754 million ($1.95 million) in H1 2016, down by 46.4% YoY, according to the Q2 report of the Finance Ministry’s Department for bonds and securities. Keramin’s sales proceeds totaled 69.895 billion rubles ($36.307 million), down by 1% YoY. The statutory capital…

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Bulgaria: corn less attractive to farmers

For the second consecutive season Bulgaria looses ground in corn market. While Ukraine, Russia and Romania increase corn production, Bulgarian farmers might have decided not to enter this competition. Firstly, after last season’s bad experience Bulgarian grain producers reduced corn planted area for the 2016 crop by 9.5% to the level of previous years, partially…

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