ADM Company is planning to significantly expand capacity of its corn processing facilities in Turkey and Bulgaria by the end of the first half of 2018. Pierre Duprat, ADM’s president for Europe, Middle East and Africa, stressed that there was significant potential for expanding production of starch-based ingredients in Europe and the Near East due…Details
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Ukraine’s Verkhovna Rada has revoked 2% pension tax imposed on cash currency purchase transactions. The requirement is outlined in bill No. 5132 amending the Tax Code to provide for the balance of budget revenue in 2017. The bill on the national budget for 2017 was adopted by 235 lawmakers on December 21. The amendments were…Details
According to the official customs statistics, in November Ukraine exported 80.5 thousand tons of sunflower seed, down by 3% YoY (83.3 thousand tons), which became a record result of monthly shipment for 6 recent seasons. In the reporting month France (47% of the general exports), Spain (21%) and the Netherlands (18%) were the main countries-importers…Details
Ukraine’s Verkhovna Rada has endorsed bill No. 5132 increasing the basic excise duty for petrol by 24.5% or EUR 42, to EUR 215.50 per 1,000 liters. The basic rate of excise duty for gasoil meeting Euro 4 and Euro 5 emission standards will grow by 46.8% or EUR 44.50, to EUR 139.50 per 1,000 liters.…Details
The interest in oilseeds growing has strengthened considerably over the last decade. As a result, plantings for MY 2016/2017 expanded to 8.9 million ha against 6.3 million ha in MY 2007/2008. As sunseed is the most remunerable oilseed, sunflower accounts for 65-70% of planted acreage, and its share will reach 71% in the current marketing…Details
European shipowners welcomed earlier this year the adoption of the integrated European Union policy for the Arctic region, ECSA said in its press release. “We believe that the three priority areas identified cover all topical Arctic matters. Climate change and environment, sustainable development and international cooperation all deserve equal attention”, said ECSA Secretary General Patrick…Details
About 7% of Russian mobile subscribers changed their operators in January-June as compared to 4-5% of users who switched to other operators within six months in several previous years, according to a Deloitte research. Deloitte polled 2,000 respondents across the country at the age of 18-60 years. The indicator included the mobile number portability (MNP)…Details