SOCAR Turkey Enerji A.S., a subsidiary of Azerbaijan’s state oil company SOCAR, wants to create a chemical industrial park, Hayati Ozturk, chief advisor of SOCAR Turkey Enerji A.S., said. Ozturk said that creation of a chemical industrial park was an innovation for Turkey. He noted that the demand for chemical products was increasing in Turkey…
DetailsRussian banks have slowed down their activeness in Kazakhstan. The total loan portfolio of Kazakh subsidiaries of Russian banks decreased by 154 billion tenges, or by 11% since the beginning of 2016. The loan portfolio of Russian banks in Kazakhstan is reducing faster than the loan portfolio of other banks – the total loan portfolio…
DetailsMaintaining safe gas transit through Ukraine, expansion of cooperation with gas suppliers that are alternative to Russia are priorities for Germany, Minister of State for Europe at the German Federal Foreign Office Michael Rothousand has stated. “Russia will continue to play an important role as a gas supplier. It is expected that Germany in the…
DetailsLast week air temperature fluctuated within +5..+15 degrees C with maximum reaching +20 and minimum lowering to -2. 5-10 cm soil layer warmed to +4-14 C in the daytime. Light rains were observed across the whole territory Romania (5-15 mm over the week). In the North-Eastern regions, where summer drought was severe, soil moisture stocks…
DetailsPrivate business companies of Poland are looking forward to the removal of barriers to trade with Belarus. Ryszard Zarudzki, Poland’s First Deputy Minister of Agriculture and Rural Development, made a statement to this effect while presenting the program “Flavors of Europe: Quality and Traditions” on November 8. In his words, Poland has been witnessing a…
DetailsThe forecasts for 2016/2017 oilseed production in Black Sea countries did not change substantially in the October USDA report. The adjustments only concerned Russia. So, after another cut a month ago, the soybean output forecast for Russia was raised to 3 MMT (up by 300 KMT from the previous estimate). Also, the USDA report presents…
DetailsThe number of unprofitable banks in Ukraine in January-September decreased to 35 out of 100 operating banks, while in 2015 loss was recorded at 41 banks, in 2014 – at 52 banks. According to the website of the National Bank of Ukraine (NBU), the overall balanced loss in the banking system of the country in…
DetailsThe Agrarian Policy and Food Ministry of Ukraine suggests introducing the post of agricultural attaches, who will deal with the establishment of trade representations in the regions, which are of major interest for the exporters. “Ukrainian agrarian sector provides today for 40% of export earnings of the country. In order to boost the export of…
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