Business World Magazine: среда, августа 31, 2016

Business World Magazine

31.08.2016

Ukraine: rapeseed output down in 2016

Rapeseed harvesting is complete in Ukraine. According to UkrAgroConsult estimates, rapeseed production is likely to be 30% lower than last year

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Ukraine: over 38 million tons of grains harvested

As of August 29, Ukrainian agrarians harvested 38.266 million tons of grains and pulses throughout the areas of 9.793 million ha, or 68% of the plan

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Ukraine: international trade support mechanisms to be introduced

The Government is engaged into work to prepare for the introduction of Ukraine’s international trade support mechanisms that will help promote domestic producers on the international arena

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Tajikistan: citizens opposing economic integration with Russia

An article “Tajikistan Mulls EEU Membership, Feels Pull of Russia” posted on EurasiaNet.org’s website notes that many Tajiks oppose economic integration with Russia Abdufattoh Ghoib, the head of Tajikistan’s Customs Service, announced on July 19, that the Tajik government was considering making an application to enter the Eurasian Economic Union (EAEU)

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Belarus: Russian crude oil price down in January-June 2016

The price of Russian crude oil supplies to Belarus dropped by 25.4% YoY in January-June to $208, Belarus’ National Statistical Committee (Belstat) said in a report

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Russia: grain supplies to Palestine to go up

Russia plans to increase grain exports to Palestine from 70 thousand tons to 250-300 thousand tons, the Russian-Palestinian intergovernmental commission on trade and economic cooperation declared

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Russia: wheat export duty to be abolished until July 2018

Russia will abandon the wheat export duty until July 2018, Deputy Agriculture Minister Dzhambulat Khautov said. “The export duty on grain will be abolished in Russia until July 2018”, he said

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Russia: 89 million tons of grains harvested

As of August 29, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 30

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Russia: CBank key rate to be cut in September 2016

The Russian central bank could reduce its key rate at the next meeting on September 16, CEO of the country’s biggest lender Sberbank German Gref said

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Russia: harvesting of grains and pulses up

According to official data, as of August 26, Russian farmers had threshed 29.2 million ha (61.9%) of grains and legumes against 25.7 million ha on the same date in 2015

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Ukraine: Asian investors ready to work

Ukrainian President Petro Poroshenko has stated that the investors from the South-East Asia are willing to invest in the Ukrainian economy. The President said this at the meeting of the National Council of Reforms

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Belarus: UN social entrepreneurship project to be implemented in Grodno region

Plans have been made to implement a pilot project of the United Nations Organization to develop social entrepreneurship in several areas in Grodno region

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Kazakhstan: over 100 countries to partake in EXPO 2017

Kazakhstan intends to gather over 100 participating countries and over 5 million visitors during the EXPO 2017 that will take place in Astana, the Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Belarus Yergali Bulegenov said

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Moldova: forecast of sunflower seed harvest down

In 2016 Moldova will decrease the harvest of sunflower seed by 30-40% compared with the previously expected indices, due to weather conditions, the Ministry of Agriculture and Food Industry of Moldova declared

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Belarus: Minsk to host CIS financial and economic forum in October 2016

The CIS financial and economic forum will take place in Minsk in October, head of the CIS election observation mission Sergei Lebedev said. “The financial and economic forum will be held as part of the meeting of the CIS Heads of Government Council in Minsk

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Kazakhstan: oilseed planted area up

In Kazakhstan oilseeds planted area for 2016/2017 crop increased to 2118 thousand ha compared to 2101 thousand ha last year. Planted area approached the 2014/20015 season’s level, when the acreage reached all-time high at 2413 thousand ha

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Iran: NIOC signs oil contract with Lukoil

National Iranian Oil Company (NIOC) has signed oil contracts with a range of companies, including Russian oil producer Lukoil. Other companies included OMV, Total and Pertamina

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Belarus: IFRS to make corporate sector more transparent

Belarus’ move to adopt International Financial Reporting Standards (IFRS) and clarifications on January 1, 2017 will contribute to increasing the transparency of Belarus’ corporate sector for investors and creditors, Pavel Laschenko, EY Belarus Managing Partner, believes

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Ukraine: sale of Turboatom, Electrotyazhmash, State Food and Grain Corporation in 2017 approved

The government’s committee for economic, financial and legal policy has approved of a list of enterprises to be privatized in 2016-2017, among them are Turboatom, Electrotyazhmash, the United Mining and Chemical Company, the State Food and Grain Corporation, and a state stake in Zaporozhye Titanium and Magnesium Combine LLC

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Belarus: Gomselmash deliveries to Ukraine up in 2016

Since the start of the year the Belarusian mechanical engineering company Gomselmash has delivered 150 grain and forage harvesters to Ukraine, up by 50 vehicles YoY, the First Deputy Director of the company’s regional sales department Igor Korotkevich reported

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Belarus: EEU states to launch single market of pharmaceuticals in 2016

Member states of the Eurasian Economic Union (EEU – Russia, Belarus, Kazakhstan, Armenia, Kyrgyzstan) plan to launch a single market of medical goods and medications in 2016, Anton Azarov of the Eurasian Economic Commission’s Department for Integration and Development said in a statement

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Belarus: BelOil seeking to increase direct supplies to customers

ZAO Belarusian Oil Company (BelOil) – a designated exporter of Belarusian petroleum products – is determined to promote direct shipments of petroleum products to the end customer as opposed to shipments via seaports, a source in the profile ministry said

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Belarus: FEZs report foreign trade surplus in H1 2016

In H1 2016 resident companies in Belarusian free economic zones (FEZ) secured a surplus of foreign trade in merchandise as large as $452.6 million, up by 14

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Belarus to take part in EU4Energy program

Belarus will take part in the EU’s new program of technical support for the countries of the Eastern Partnership EU4Energy, the press service of the Energy Ministry reported

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Belarus: ceiling on cashless payments subject to reporting to SCC lowered

The National Bank of Belarus and the State Control Committee have adopted a joint resolution lowering the ceiling on cashless payments subject to reporting from BYR5 million (approx

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Belarus: exports of meat and dairy products up in January-June 2016

Belarus reports a quantitative increase in exports of meat and dairy products in January-June, Belstat said in a statistical report. Meat export grew by 13% YoY to 154,800 tons, the average price was down by 17

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Belarus: Mogilev region and Hunan province sign memorandum of friendship

Mogilev region of Belarus and Hunan province of China have signed a memorandum on developing friendly relations. The document was inked by Mogilev region Vice Governor Dmitry Kharitonchik and Head of the Foreign and Overseas Chinese Affairs Office of the People’s Government of Hunan province Xiao Bailing

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Ukraine: agricultural production costs up in January-July 2016

In January-July the joint index of costs for production of agricultural commodities in Ukraine (without the Crimea) increased by 12.4% YoY, the State Statistics Service of Ukraine informed

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Ukraine: spirits output down

Industrial processing of grain in Ukraine has demonstrated a downward trend over the last three years. Production of basic processed products has declined on average by 20% compared with 2013

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Ukraine: agricultural products share exceeding 40% of the general exports

In January-June agricultural products formed 40.8% in money terms in the general volume of commodity exports from Ukraine, the Ministry of Agrarian Policy and Food of Ukraine reported

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30.08.2016

Kazakhstan: quotas for wheat supplying to China to go up

Kazakhstan is holding negotiations to increase the quotas for the supply of wheat to the People’s Republic of China to 400 thousand tons per year, the Deputy Minister of Agriculture Gulmira Isayeva declared

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Kazakhstan: spring grain harvesting started

At the beginning of last week weather conditions were favorable for completion of winter wheat harvesting in the South and South East. Crops condition is mainly good and stage of development is full ripeness

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Russia: grain exports down in August 2016

On August 22-28, the export volumes of grains from the Russian seaports reached 203.1 thousand tons, against 406.8 thousand tons shipped in the previous week

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Belarus: EBRD provides 10 million euro to toy manufacturer

The European Bank for Reconstruction and Development (EBRD) is extending a 10 million euro loan to PP Polesie JLLC (PP Polesie), a leading producer of children’s plastic toys in Belarus

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Ukraine: corn conditions in Kherson region

Long-term hot and dry weather in Kherson region led to excessive accumulation of effective warmth. Evaporation from the water surface was 7-7

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Russia: Boeing top exec to chair Sukhoi Civil Aircraft

Boeing Commercial Airplanes top executive Kamil Gaynutdinov will become CEO of Russia’s Sukhoi Civil Aircraft. In 2003, Gaynutdinov worked at airline UTair being responsible for contracts on helicopter transportation abroad and in 2005 he chaired Boeing Commercial Airplanes’ division Commercial Aviation Services in Russia and the CIS

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Belarus: Stadler Minsk to sell 23 tramcars to Saint Petersburg

The Swiss company Stadler will ship 23 tramcars of the Metelitsa (Blizzard) variety to Saint Petersburg. The tramcars will be made by the Stadler Minsk factory

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Belarus: MAZ to sell 100 buses to Russia

The Belarusian automaker Minsk Automobile Plant (MAZ trademark) will ship 100 buses to the Russian city of Kazan in the Republic of Tatarstan, representatives of the company said

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Belarus: banks’ profits up in January-July 2016

Belarusian banks’ total balance sheet profit amounted to 399.7 million Belarusian rubles (Br) in January-July, or $204.231 million at the official rate of the central bank, up by 35

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Belarus: oil refineries petrol output down in January-July 2016

Belarusian oil refineries produced 2.403 million tons of petrol in January-July, down by 3.6% YoY, Belstat reported. In July alone petrol output dropped by 29

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Belarus: companies’ equity capital up in January-July 2016

The equity capital of Belarusian companies (except for banks, insurance and state-funded companies, micro- and small-sized companies without departmental affiliation) grew by 0

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Belarus: banks’ net foreign assets down in January-July 2016

Net foreign assets of Belarusian commercial banks amounted to minus $5.353 billion as of August 1, down by 14.9% compared to the level of January 1, the National Bank of Belarus said in a statistical report

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Belarus: net foreign assets up in January-July 2016

Net foreign assets of the Belarusian government and the National Bank of Belarus (NBB) amounted to $3.624 billion as of August 1, up by 49.9% since early 2016, the NBB said in a statistical report

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Belarus: truck exports up in H1 2016

Belarus increased truck exports by 24% YoY in January-June to 1,847 units, Belstat said in a statistical report. Truck exports to the CIS states grew by 13

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Belarus: food exports down in H1 2016

Belarus’ food exports dropped by 11.2% YoY in January-June to $1.611 billion, the National Statistics Committee (Belstat) reported. The largest decline was registered in exports of the following foods: milk, cream powder, condensed cream – down by 12% to $218

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Azerbaijan to enhance its role in forming energy corridors

The Southern Gas Corridor (SGC) project will enhance Azerbaijan’s role in forming eastern and western energy corridors, said the country’s Deputy Energy Minister Natig Abbasov

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Azerbaijan: over 50 enterprises put up for privatization

Another fifty-one state enterprises have been put up for privatization in Azerbaijan, the country’s State Property Issues Committee said

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Belarus: agricultural enterprises in Vitebsk region in for large-scale reorganization in 2016-2017

Plans have been made to reorganize agribusiness enterprises in Vitebsk region in 2016-2017. The relevant measures are stipulated by Belarus president decree No

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Azerbaijan to transport gas from Iran and Iraq to Europe

Azerbaijan is considering the possibility of transporting Iranian gas through its territory to Europe, said Azerbaijan’s Deputy Energy Minister Natig Abbasov

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Ukraine: seaports grain exports down in August 2016

On August 22-28, Ukraine exported 552.7 thousand tons of grains from the seaports, against 647.7 thousand tons in the previous week. In particular, wheat shipments reached 391

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29.08.2016

Ukraine: over 38 million tons of grains harvested

As of August 26, Ukrainian agrarians harvested 38.2 million tons of grains and pulses throughout the areas of 9.87 million ha, or 68% of the plan

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Russia: supplies of Kazakh wheat to decrease grain prices in the Siberian District

Due to the deficit of high-quality wheat in Russia in the current year, the grain of Kazakh origin will be in great demand in Russia, especially in eastern regions of the country

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Russia: mortgage lending down in July 2016

The volume of mortgage loans which were provided in Russia in July fell by 17% YoY to 54.8 billion rubles, the United Credit Bureau said in a statement

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Russia: RH to establish service center in Iran

The Russian Helicopters holding is intensively working up an issue to establish an authorized technical maintenance center in Iran with the Iran Helicopter Support and Renewal Company (IHSRC), according to the holding’s Deputy Director General Alexander Shcherbinin

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Russia: fishing fleet equipped with Gonets sattelite system of domestic origin

On August 25, Federal Government-Financed Institution “Center of Fishery Monitoring and Communications” (CFMC) of the Federal Fishery Agency in cooperation with Gonets Sattelite System OJSC, operator of State Space Corporation Roscosmos on communication systems, launched yet another vessel within the framework of the pilot development of electronic ship’s fishing log, says CFMC

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Russia: Tu-22M3 bombers to be armed with new Kh-32 cruise missiles

The Russian Aerospace Defense Forces (VKO) plans to order the new Kh-32 (also named X-32) cruise missiles to arm its Tupolev Tu-22M3 “Backfire” bombers

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Russia: yield of corn up

Agrarians of the Southern and North Caucasian Federal Districts of Russia started harvesting corn. The first results demonstrated that the average yield exceeded the last year results almost 4 times to 5

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Russia: 85 million tons of grains harvested

As of August 25, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the areas of 28.5 million ha (on the same date in 2015 – 24 million ha), or 60% of the planned areas (47

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Russia: Roscosmos to spend over $29 million upgrading rocket engine reliability

Russian state space corporation Roscosmos is allocating over 1.9 billion rubles ($29 million) to upgrading carrier rocket engines, rocket boosters and spacecraft, according to materials published on Russia’s official public procurement website

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Russia: Roscosmos begins to design super-heavy carrier rocket

Russia’s S.P. Korolev Rocket and Space Corporation (RSC) Energia General Director Vladimir Solntsev said that state space corporation Roscosmos started working on designing a new super-heavy class carrier rocket on the basis of the RD-171 liquid-fuel rocket engine

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Estonia: Tallink Grupp states Q2 2016 profit of 36 million euro

According to AS Tallink Grupp, the company earned 36 million euro of EBIDTA by the consolidated revenue of 245.2 million euro in second quarter of 2016 financial year

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Russia: Roselectronics creates an EVA vision system

Under order from RSC Energia, Roselectronics has designed a single CCTV system used to monitor astronaut activity in space. The system will be tested in 2017

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Latvia: LSC posts revenue of $50,08 million in Q2 2016

The Latvian Shipping Company and its subsidiaries (LSC Group) revenue for Q2 2016 was $50,08 million ($45,81 million in Q2 2015) with a stable net voyage result for the period of $44,92 million, the company said in its press release

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Lithuania: Klaipeda Seaport cargo handling turnover up in January-July 2016

In January-July Klaipeda Seaport cargo handling turnover increased by 4,2% YoY, to 23.15 million tons, or by 933,3 thousand tons, says the port’s press center

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Kazakhstan: nearly 2.5 million tons of grains harvested

According to the regional agricultural departments, as of August 26, Kazakh agrarians harvested grains throughout 1.318 million ha, or 8.6% of the planned areas, the Ministry of Agriculture of the Republic of Kazakhstan declared

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Russia to export 3.8 million tons of grains in September 2016

In September Russia will supply 3.7-3.8 million tons of grains to foreign markets, as opposed to 3.5 million tons forecast for August. But on the same month last year the exports totaled 4

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Russia: largest airline passenger traffic up in July 2016

Russia’s second-biggest airline group, S7 Airlines, reported its traffic increased by 29.5% YoY in July, while Aeroflot Group’s July traffic was up by 5

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Kazakhstan: flour output up in July 2016

According to the Committee on statistics of the Ministry of National Economy of Kazakhstan, in July flour production totaled 266.2 thousand tons, up by 8% YoY

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Ukraine: flour output down in January-July 2016

In January-July Ukrainian flour-milling enterprises produced 1.036 million tons of flour, down by 7% YoY, the State Statistics Service of Ukraine declared

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Azerbaijan: wheat imports down in H1 2016

In January-June the import volumes of wheat to Azerbaijan totaled 682.8 thousand tons, down by 14.7% YoY, the State Statistical Committee of the Republic of Azerbaijan reported

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Belarus to harvest 1.25 million tons of corn for grain in 2016

In 2016, Belarus plans to increase the harvest of corn for grain 5.5 times YoY, the Deputy Minister of Agriculture and Food Vladimir Grakun declared

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Ukraine: imports of baking mixes down in 2015-2016

According to the official statistics figures, in 2015/2016 MY the imports of baking mixes for production of bakery products to Ukraine totaled 1

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Latvia: high-level officials meet to discuss Rail Baltica Intergovernmental Agreement

High-level officials from Estonia, Latvia and Lithuania on August 11, met in Riga to discuss the Intergovernmental Agreement between the states on Rail Baltica railway project implementation

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Germany: Bundeskartellamt approves of Rosneeft- BP JV

Germany’s antimonopoly authority Bundeskartellamt has approved of establishment of a joint venture between Russian oil major Rosneft and British BP called Yermak Neftegaz

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Ukraine: ex-DARPA head to consult Ukroboronprom

Anthony Tether, former head of the Defense Advanced Research Projects Agency (2001-2009), has become a consultant to Ukraine’s state-owned defense conglomerate Ukroboronprom

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Russia: Eurowings to pull out in mid-Q4 2016

Eurowings will terminate its Russian services at the end of the current summer season. A source said that its daily Berlin Tegel-Moscow Domodedovo route, launched in October 2015, had not lived up to expectations in terms of demand and revenue

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Ukraine: Chinese investors interested in launching PV panel production in Luhansk region

Head of Luhansk civil and military administration Yuriy Harbuz said Chinese investors were interested in launching photovoltaic (PV) panel production in the region

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Ukraine: Azovmash to ship 3,000 wagons to Iran

Public joint-stock company Azovobschemash (Mariupol, Donetsk region), the flagship company of the leader of Ukrainian heavy engineering Azovmash Group, will ship 3,000 wagons to Iran, the Ukrainian Embassy in Iran has reported

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Russia: Transneft-Kozmino building 2 oil tanks

As part of the Technical Upgrading and Revamping Program, Transneft – Kozmino Port got down to two 100,000 square meter tank construction at the tank farm

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Ukraine: nearly 4 million tons of grains exported

Since the beginning of 2016/2017 MY, Ukraine exported 3.948 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared on August 26

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26.08.2016

Ukraine: production of value-added agricultural products to be developed

In the agricultural industry Ukraine has to move in the direction of developing value-added commodities production, the Minister of Agrarian Policy and Food of Ukraine Taras Kutovyi declared

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Ukraine: 3 billion cubic meters of gas imported in H1 2016

Ukraine imported 3.002 billion cubic meters of natural gas worth $586 million in the first half of 2016, including 19.596 million cubic meters worth $4

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Russia: Renault to deliver cars to Azerbaijan

French automobile concern Renault plans to deliver cars to Azerbaijan from Russia. Renault has already started to deliver cars to Kyrgyzstan from Russia

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Europe: Romania to replace Ukraine in rapeseed market

Romanian farmers have finished rapeseed harvesting. 2016 rapeseed harvesting campaign was the most productive ever in Romania. For more than 20 years rapeseed acreage in Romania has been expanded to the third largest acreage over the reporting period

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Russia: Renault launches exports of cars to Kyrgyzstan

Renault Russia has launched exports of cars made in the country to Kyrgyzstan, the company said in a statement. “Renault Russia announces a launch of supplies of cars to Kyrgyzstan, thus expanding the export project to the CIS states

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Russia: over 80 million tons of grains harvested

As of August 22, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the areas of 26.2 million ha (on the same date in 2015 – 22

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Russia: 2016 budget deficit to overshoot planned 3%

Russia’s budget deficit may exceed 3% of the gross domestic product (GDP) in 2016, Prime Minister Dmitry Medvedev said after a government meeting

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Russia to lose billions from Ukraine’s association with EU

Trade consequences of regional agreements may be adverse for countries not participating in them, department director of Russian Ministry of Economic Development Maxim Medvedkov said

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Tajikistan: refrigeration chamber put into operation in Sarband

The President of Tajikistan Emomali Rakhmon took part in the opening ceremony of a number of facilities in the city of Sarband of Khatlon region

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Belarus: compromise on gas price and oil supplies with Russia close to reaching

Minsk is close to reaching mutual understanding with Moscow regarding the price of Russian natural gas for Belarus and on exports of Russian oil to the country, Belarusian Prime Minister Andrei Kobyakov reported

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Belarus: Minsk Silicate Materials Plant to merge with Belarus Cement Plant

OAO Minsk Silicate Materials Plant will be incorporated by the Belarusian Cement Plant (Kostiukovichi, Mogilev region) in accordance with resolutions made by shareholders of both companies

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Belarus: Belaruskali starts mining potash in Turkmenistan

Two Soligorsk-based companies: Belaruskali and Shakhspetsstroi – have started mining potash ore at the Garlyk mining and processing factory in Turkmenistan, a Belaruskali official said

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Belarus: company to produce agricultural machines in Russia’s Kaluga region

A Belarusian enterprise producing agricultural machines will be established in Kaluga region, Russia, the press service of the Embassy of Belarus in Russia reported

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Belarus: SvetlogorskKhimvolokno and Maxi Foods ink cooperation agreement

The Belarusian artificial yarn manufacturer SvetlogorskKhimvolokno and the Hungarian retail chain Maxi Foods have signed a cooperation agreement

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Belarus took part in Slovenia’s agricultural fair

Belarus’ national stand has been presented at the international fair of agriculture and food AGRA in Gornja Radgona, Slovenia on August 20-25, the press service of the Belarusian Ministry of Foreign Affairs informed

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Belarus: reserves to grow by $500 million in 2017

Belarus plans to increase its gold and foreign currency reserves by $500 million in 2017, Prime Minister Andrei Kobyakov said. It is a complex task but achievable, if the government and the National Bank coordinate their efforts, said Kobyakov

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Belarus: over 6.7 million tons of grains harvested

As of August 24, agricultural organizations of Belarus harvested grains and pulses throughout the areas of 2 million ha, the Ministry of Agriculture of the Republic of Belarus declared

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Azerbaijan: ADB postpones loan allocation for North-South project

The Asian Development Bank (ADB) has postponed the consideration of allocating a $200 million loan for implementation of the International North-South Transportation Corridor project, as well as for development of Azerbaijan’s railway sector, till the next year, said an ADB message

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Uzbekistan: salaries to grow in October 2016

President of Uzbekistan Islam Karimov signed a decree “On increasing the sizes of salaries, pensions, stipends and social allowances” on August 22

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Russia: son of tycoon Abramovich to build large greenhouse

The Belgorod Region has approved of construction of one of Russia’s largest greenhouse project of the Greenhouse company owned by Arkady Abramovich, son of tycoon Roman Abramovich

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Uzbekistan: second combined-cycle gas turbine launched at Talimarjan TPP

Consortium of South Korean companies completed construction of the second combined-cycle gas turbine with capacity of 450 MW at the Talimarjan thermal power plant in Kashkadarya region

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World: TAP progressing in line with schedule

The construction of the Trans Adriatic Pipeline (TAP), which is designed to transport Azerbaijani gas to European markets, is progressing fully in line with its schedule, TAP AG said

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Tajikistan: Dushanbe – Kurgan-Tyube – Kulyab railway to reduce transportation costs

Commissioning of the railway Dushanbe – Kurgan-Tyube – Kulyab is extremely important and valuable for further improvement of the welfare of the population, progress and development of the national economy, said the President of Tajikistan Emomali Rakhmon, who became the first passenger to travel this road by train

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Turkmenistan to intensify economic ties with Indonesia

Turkmenistan’s Foreign Ministry hosted a meeting with Indonesia’s Iran-based Extraordinary and Plenipotentiary Ambassador Octaviano Alimuddin, the Turkmen ministry said

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Turkmenistan to expand trade with Malaysia

Turkmenistan and Malaysia have exchanged views on expansion of trade and economic cooperation between the two countries, the Turkmen Foreign Ministry said

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Uzbekistan: Railways start transporting cargo via Angren-Pap railway

Uzbekistan Temir Yollari (Uzbekistan Railways) started to transport carfo via new railroad Angren-Pap. According to the company, over 10 trains with various cargoes run on Angren-Pap railroad a day

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Ukraine: pressure in Russian gas transportation system falls

The pressure in the Russian gas transportation system at the junction point with the Ukrainian gas transportation system has fallen significantly, energy holding Naftogaz Ukrainy said in a statement

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Uzbekistan: grants for $47.7 million attracted in Q2 2016

Uzbekistan attracted 89 grants for $47.7 million in the second quarter of 2016, the Ministry of Finance of Uzbekistan said. In the reporting period, Uzbekistan attracted 42 grants for $20 million to healthcare, education and improving skills of employees and 12 grants for $2

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Ukraine: flour exports to increase annually

Ukrainian flour exports will grow annually by 30-35%, the Chairman of the Board of Directors the agricultural holding KSG Agro Sergiy Kasianov said

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Ukraine: over 38 million tons of grains harvested

As of August 22, Ukrainian agrarians harvested 38.1 million tons of grains and pulses (including 37.9 million tons of early grains) throughout the areas of 9

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25.08.2016

Ukraine: Ministry of Agrarian Policy to contribute to entry of agricultural producers on the EU market

The entry of new players on the foreign agricultural markets is a priority for the Ministry of Agrarian Policy and Food of Ukraine, the First deputy head of the Ministry of Agrarian Policy Maxim Martyniuk declared

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Ukraine: grain supply and demand balance in August 2016

As of August 19, wheat and barley harvesting was almost complete. Farmers obtained 26.37 MMT of wheat and 9.77 MMT of barley in bunker weight

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Uzbekistan: Navoi FIEZ holds meeting with Ambassador of Kazakhstan

On August 17, the free industrial economic zone “Navoi” held a meeting with Ambassador Extraordinary and Plenipotentiary of the Republic of Kazakhstan to the Republic of Uzbekistan E

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Moldova interested in cooperation with Azerbaijan

Moldova is interested in participation of Azerbaijani companies in development of hydrocarbon resources, Ambassador of the Republic of Moldova to Azerbaijan Gheorghe Leuca said

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Ukraine: KSG Agro sees $2 million of net profit in H1 2016

KSG Agro (Luxembourg) with assets in Ukraine saw $1.95 million of net profit in January-June compared to net loss of $3.825 million a year ago

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Belarus: inflation projected to stay under 12% in 2016

There is every ground to believe that the inflation in Belarus will stay under 12% in 2016, Prime Minister Andrei Kobyakov said after he presented his report to the Belarusian head of state on August 23

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Ukraine: flour production down in January-July 2016

In January-July Ukrainian flour milling enterprises produced 1.03 million tons of flour, down by 7% YoY, the State Statistics Service of Ukraine declared

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Russia: 13.5 million tons of cereal crops exported in H1 2016

In January-June Russia increased cereal crops export volumes by 37.9% YoY to 13.484 million tons, the Federal State Statistics Service (Rosstat) reported

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Ukraine: GDP growth forecast for 2017 improved

Ukraine’s GDP growth in 2017 is expected to be 2.9% with inflation of 9% (December on December), according to a consensus forecast published by the Ukrainian Economic Development and Trade Ministry

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Ukraine: buckwheat groats output down in 2015

According to the State Statistics Service, in 2015 Ukraine produced slightly more than 347 thousand tons of groats, down by 1% YoY (350 thousand tons)

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Belarus: further reduction of key lending rate depends on balance of payments

Further actions to reduce the refinancing rate in Belarus will be closely intertwined with the country’s balance of payments, the Chairman of the Board of the National Bank of the Republic of Belarus (NBRB) Pavel Kallaur reported

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Uzbekistan: Uzbekozikovkatholding sells 2 trillion soums worth of products

Since the first years of independence, food security has been one of the priorities of socio-economic policy of the country. Measures implemented in the country to provide the population with quality food, as well as the results achieved in the food industry were discussed at a press conference organized by the holding company “Uzbekozikovkatholding”

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Ukraine: Energoatom seeking to finance construction of spent nuclear fuel facility via issue of bonds in U.S.

National Nuclear Generating Company Energoatom seeks to finance building of the centralized spent nuclear fuel storage facility via the issue of securities on the U

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China: imports of Russian oil down in July 2016

China’s imports of Russian oil contracted by 14% YoY to 3.23 million tons in July, Bloomberg reported quoting the Chinese customs as saying

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Belarus: businessmen from Russia, China, EU to partake in Grodno investment forum

Businessmen from Russia, China, and the European Union will take part in the international investment forum Grodno region at the Crossing of Borders that will take place on September 23, the economy committee of the Grodno Regional Executive Committee reported

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World: Black Sea region ousts EU and USA from the traditional wheat markets

Second season in a row Russia, Ukraine and Kazakhstan export record high volume of wheat, leaving behind such top-exporters as USA and EU countries

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Belarus: Izobud advances to European market of energy efficient sandwich panels

Izobud, Belarus’ leading manufacturer of cutting-edge energy efficient sandwich panels, has branched out into the European market. The enterprise has signed contracts and delivered construction products to the Baltic countries and Sweden

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Belarus: producer prices up in July 2016

Belarusian producer prices in July increased by 0.5% MoM (up by 7.3% compared to the level of December 2015), the National Statistical Committee (Belstat) reported

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Belarus: potash exports to Brazil up in H1 2016

Belarusian Potash Company (BPC) shipped 729,454 tons of potash fertilizers to Brazil in January-June, up by 32% YoY. Potash export proceeds from Brazil-bound shipments dropped by 15% YoY to $268

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Belarus: FSC to review banks’ asset quality

An independent review of the quality of assets of the Belarusian banking system will be considered at a meeting of the Financial Stability Council, Chairman of the Board of the National Bank of Belarus Pavel Kallaur said

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Belarus to work with Egypt on joint production of medicines

Ambassador Extraordinary and Plenipotentiary of Belarus to Egypt Sergei Rachkov met with Egypt’s Minister of Health and Population Ahmed Rady, the press service of the Belarusian Ministry of Foreign Affairs reported

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Azerbaijan to hold first auctions on privatization

First auctions within the framework of the new state property privatization program in Azerbaijan will be held on September 14 and September 20, the country’s State Property Issues Committee said

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Azerbaijan mulling cargo tariffs reduction with Kazakhstan and Georgia

Heads of railway administrations of Kazakhstan, Azerbaijan and Georgia have discussed mutually beneficial cooperation and creation of favorable conditions for cargo transportation with cargo shippers, major operators and freight companies of Kazakhstan in Astana, the press service of Kazakhstan Railways JSC reported

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Armenia: economic activity index shows record decline

Armenia’s economic activity index decreased by 4.7% YoY in July. This is a record figure. A decline in the country’s economic activity has not been observed yet in 2016

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Turkmenistan: Aral Sea problem mulled at regional level

Ashgabat hosted a meeting to discuss the concept of Turkmenistan’s chairmanship at the International Fund for saving the Aral Sea (IFAS), the Turkmen government said in a message

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Tajikistan: large cement plant starts operations in Yovon

A major cement plant was put into operation in the Yovon district of Khatlon region on August 24, with the participation of the President of Tajikistan Emomali Rakhmon

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Azerbaijan: ADB approves of multi-million loan

The Asian Development Bank (ADB) has approved of the fourth tranche worth $75 million as part of the ‘Azerbaijan: Water Supply and Sanitation Investment Program’, said a message posted on the bank’s website

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Ukraine: Nika-Tera transships over 760 thousand tons of grains in January-July 2016

In January-July the sea terminal Nika-Tera (Mykolaiv, part of Group DF) shipped 766.5 thousand tons of grain cargoes, or 44.88% of the total cargo turnover (1

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Ukraine: oilseed crops condition good

Last week the weather was favorable for late crops formation due to lower air temperatures and higher amount of precipitations. Sunflower sown in the optimal and early terms is at the stage of maturation – technical ripeness and at later sown plants – flowering stage

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Ukraine: Nibulon launches new grain terminal on the Southern Bug River

The agricultural holding Nibulon has put into operation a grain transshipment terminal on the river Southern Bug. The investments in construction totaled 450 million UAH, the press-service of the company declared

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23.08.2016

Uzbekistan: new building of Andijan railway station commissioned

Uzbekistan Temir Yollari (Uzbekistan Railways) commissioned into operation a new building of the railway station Andijan, the press service of the Uzbek company said

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Kazakhstan: direct flights to be launched between Astana and Warsaw

Presidents of Kazakhstan and Poland Nursultan Nazarbayev and Andrzej Duda made a joint statement following their talks in Warsaw. According to Nazarbayev, Kazakhstan is rich in natural resources, but the country implements today a large-scale industrialization program

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Uzbekistan: Mubarek Gas Processing Plant to complete project on production of granulated sulfur

Mubarek Gas Processing Plant will have completed the project on production of granulated sulfur with nominal value of 80,000 tons a year by the end of 2016

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Uzbekistan: minimum wage to go up

The President of the Republic of Uzbekistan signed a decree to increase the wage of employees of budgetary institutions and organizations, pensions, stipends and grants on average 1

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Kyrgyzstan: investments in 2017 to go up

Kyrgyzstan expects increase in investments in 2017, Deputy Prime Minister of Kyrgyzstan Oleg Pankratov announced. According to him, countries of EEU remain the main market outlet for Kyrgyzstan

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Kazakhstan: businessmen to sign $1 billion deals with Poland

Kazakh and Polish businessmen are going to sign bilateral deals worth $1 billion, the Head of State Nursultan Nazarbayev announced after the talks with his Polish counterpart Andrzej Duda in Warsaw, Poland

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Uzbekistan: Uzeltehsanoat to implement 95 investment projects

The activity of JSC “Uzeltehsanoat” over the years of independence, achievements and future plans were discussed at the briefing held in the capital

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India: GoAir to conduct flight to Uzbekistan

Indian low cost airline GoAir received a permission to carry out flights to Uzbekistan. Local mass media reported that the Government of India had provided permission to GoAir to conduct flights between Uzbekistan and India

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Georgia: attempt to blow up part of gas pipeline thwarted

Georgia’s State Security Service said it had prevented an attempt of blowing up a part of a gas pipeline that supplied the Russian natural gas to Armenia

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Uzbekistan: Uzbekcharmpoyabzali to produce 8.7 million pairs of shoes in 2016

The main objectives of the Association “Uzbekcharmpoyabzali” are to coordinate the activities of the industry via storing up and processing the raw leather, produce competitive leather products, shoes and leather goods, as well as introduce advanced technologies, modernize and technically re-equip the industry

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Belarus: global potash market restoring slowly amid new deals with India and China

The Belarusian Potash Company (BPC) says the global potash fertilizer market is gradually getting back to normal on reports about new contracts made with India and China

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Azerbaijan: BP gas output up in H1 2016

In H1 2016, 5.4 billion cubic meters of gas and 1.3 million tons of condensate (nearly 10 million barrels) were produced at Azerbaijan’s Shah Deniz gas and condensate field, as compared to 5

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Belarus: $2.3 billion spent on oil imports from Russia in H1 2016

Belarus’ expenditures on crude oil imports from Russia dropped by 24.8% YoY in January-June to $2.398 billion, Belstat said in an official report

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Belarus saves on gas imports from Russia in H1 2016

Belarus’ expenditures on natural gas imports from Russia dropped by 6.7% YoY in January-June to $1.257 billion, a source in the profile ministry reported

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Belarus: leasing companies new business portfolio down in H1 2016

New contracts of Belarus’ leasing companies dropped 2.4 times YoY in January-June to Br270.7 million ($140.3 million) as of July 1. Belarus’ Association of Lease Providers posted these figures in its semiannual report

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Belarus: Grodno Azot nitrogen fertilizer exports down in H1 2016

Belarus’ chemical company OAO Grodno Azot says its nitrogen fertilizer exports dropped by 25.6% YoY in January-June to 107,600 tons (in terms of 100% nitrogen), a source in the profile ministry reported

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Belarus: potash exports to Turkey up in H1 2016

Belarusian Potash Company (BPC) shipped 32,589 tons of potash fertilizers to Turkey in January-June, up by 12% YoY. Potash export proceeds from Turkey-bound shipments dropped by 9% YoY to $13

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Uzbekistan: Ahangarancement receive licenses to use subsoils

Joint stock company Ahangarancement received licenses to use subsoils. According to the company, Comission of the Cabinet of Ministers of Uzbekistan on issuing licenses to use subsoil, containing industrial minerals issued the license to Ahangarancement

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Azerbaijan: Baku to hold meeting on intergovernmental commission with Bulgaria

The 4th session of the Azerbaijan-Bulgaria Intergovernmental Commission on Trade and Economic, Scientific and Technical Cooperation is planned to be held in September in Baku

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Azerbaijan: profit oil share to reach 60% by late 2016

Some 404.1 million tons of oil and 123 billion cubic meters of associated gas have been produced at the Azeri-Chirag-Guneshli (ACG) block of oil and gas fields in the Azerbaijani sector of the Caspian Sea since November 1997, First Vice President of the Azerbaijan’s state oil company SOCAR Khoshbakht Yusifzade said

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22.08.2016

Ukraine: Naftogaz profits to reach 16-18 billion UAH in 2016

Profit of national joint-stock company Naftogaz Ukrainy in 2016 could reach 16-18 billion UAH, Naftogaz Head Andriy Kobolev has said. “In H1 2016 profit will be around 21 billion UAH, and we expect 16-18 billion UAH of profit at the end of the year”, he said

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Russia: two carriers get permission to fly to Azerbaijan from new Moscow airport

Two Russian carriers have received a permission to operate flights to Azerbaijan on two routes from the new Zhukovsky International Airport in Moscow, said the website of Russian Federal Air Transport Agency (Rosaviatsia)

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Russia: ministry preparing draft to control local Internet fully

Russia’s communications ministry has worked out draft amendments to the connection law to ensure integrity, faultlessness and stability of local Internet, and the measures were discussed at a meeting on Thursday

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Russia to give 48 billion ruble guarantees to military companies in 2016

The Russian government will grant 48 billion rubles of guarantees to the military companies, which are fulfilling a state order, in 2016, according to a ruling published at the government’s web site for disclosure of legal information

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Russia: over 76 million tons of grains harvested

As of August 18, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the areas of 23.8 million ha (on the same date in 2015 – 21 million ha), or 50

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Ukraine: Nord Stream-2 pipe should ask for Kiev consent

Ukraine’s antimonopoly authority has asked participants of the Russia-led Nord Stream-2 gas pipeline construction to agree terms of the project with Kiev

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Russia: Ministry of Agriculture proposes to zero export duties on wheat

The Ministry of Agriculture of Russia suggested the government to zero the export duties on wheat until July 1, 2017, the head of the department of agribusiness market regulation at the Ministry of Agriculture Vladimir Volik declared

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Ukraine: Zenit launch vehicle production to be resumed

Pivdenmash state-run enterprise (Dnipro) will start production of Zenit launch vehicles in the interests of Sea Launch and Land Launch projects suspended in 2014 after financing of the programs is resumed by the customer

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Russia: WTO panel supports EU pork case in general

The arbiter panel of the World Trade Organization (WTO) in general supports an E.U. case against Russia’s prohibition of imports of its pork products, according to a WTO statement

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Ukraine: army receives over 110 weapon units

The Armed Forces of Ukraine received more than 110 weapons and military equipment units and over 10,000 smoke hand grenades and signal sound-and-light mines last week

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Ukraine: winter rapeseed seeding started

According to Ukrainian Agrarian Ministry, share of oilseeds in the total cropping pattern will be increased by 4% YoY. Having finished winter crops harvesting campaign, agrarians of 16 regions have started winter rapeseed sowing for the 2017 crop

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Ukraine: imports of seeds of high-oleic sunflower up in 2015/2016 MY

In 2015/2016 MY the imports of seeds of high-oleic sunflower to Ukraine (for the harvest-2016) totaled 2.2 thousand tons, up 2.5 times YoY. Due to development of the market of high-oleic sunflower oil in the country, the planted areas under the oilseed started growing, and the demand for seed raw materials and market capacity continues growing

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Ukraine: antitrust prepares a suit to recover $3 billion from Gazprom

Ukraine’s Antimonopoly Committee has prepared a suit forcing Russian gas giant Gazprom to pay a $3 billion fine, the committee’s head Yury Terentyev said

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Ukraine: soybean exports to reach a new record

In June soybean exports from Ukraine reached 236.9 KMT against 170.6 KMT in June 2015. During the current season 2015/2016 (September-June) Ukraine supplied 2178

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Ukraine: Nibulon exports over 4.6 million tons of grains in 2015/2016 MY

In 2015/2016 MY, the Nibulon company shipped 4.66 million tons of grains to foreign markets, up by 14% YoY, the press-service of the company declared

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Ukraine: scientists from Zhytomyr agricultural university win EU grant

A team of scientists from the Zhytomyr National Agroecological University has won the competition of the projects within the Erasmus+ program, which is funded by the European Union

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Belarus to sign draft agreement on EEU Customs Code in December 2016

A draft agreement on the Customs Code of the Eurasian Economic Union (EEU) is expected to be signed at a session of the Supreme Eurasian Economic Council in December, the press service of Belarus’ State Customs Committee said

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Ukraine: new online tool for investment climate evaluation

Insight into investment climate of the country may considerably improve efficiency of business planning and calculation of project profitability

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Belarus: more preferences promised to China-Belarus industrial park resident companies

Belarus intends to offer even more preferences to resident companies of the China-Belarus industrial park Great Stone. Belarusian Economy Minister Vladimir Zinovsky made the statement before the session of the Belarusian-Chinese intergovernmental committee on cooperation on August 18

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Kazakhstan: nearly 2 million tons of grains harvested

According to the regional agricultural departments, as of August 18, Kazakh agrarians harvested grains throughout 941.6 thousand ha, or 6.2% of the planned areas, the Ministry of Agriculture of the Republic of Kazakhstan declared

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Ukraine: Infrastructure ministry to revise all regulatory acts to simplify business development

Ukraine’s Infrastructure Ministry has started the revision of all regulatory acts to see if they comply with the public regulatory policy

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Russia: record volumes of peas exported in July 2016

According to the official statistics figures, in July Russia exported 109.2 thousand tons of peas, up by 63% YoY. Turkey traditionally became the largest buyer of the Russian crop, and purchased 67

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Russia: exports of grains to reach 40 million tons

In 2016/2017 MY, Russia will supply nearly 40 million tons of grains on foreign markets, the head of the department of agribusiness market regulation at the Ministry of Agriculture Vladimir Volik reported

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Belarus: oil processing at Mozyr NPZ down in H1 2016

Russia’s oil company Gazprom Neft has 130,000 tons of crude oil processed on the give-and-take basis at Mozyr NPZ oil refinery in H1 2016, down by 35% YoY

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Belarus: Brest Household Chemicals Plant files for bankruptcy

The Economic Court of Brest Region has started bankruptcy proceedings regarding Brest Household Chemicals Plant, the Finance Ministry of Belarus said in a release

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Belarus: oil product export proceeds down H1 2016

Belarus’ proceeds from oil product exports dropped by 35.3% YoY in January-June to $2.457 billion, a government source reported. In physical terms, Belarus’ oil product exports decreased by 1

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Belarus: oil products export to Latvia up in H1 2016

Belarus’ proceeds from exports of petroleum products to Latvia grew by 55% YoY in January-June to $57 million, a source in the profile ministry reported

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Russia: Auchan to launch 20 cosmetics stores in per year

Auchan Retail Russia, a local unit of French retailer Auchan, plans to open up to 20 Lillapois Beauty cosmetics stores per year with annual investments amounting to about 400 million rubles, Eric Didierdefresse, the project’s head, said

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Belarus: weather conditions and crops development

Summarizing the results of soil moisture content analysis held in mid-August, soil moisture stocks are good at major part of cornfields. Due to rains in the first ten days of August, waterlogging remains a problem in some areas of Vitebsk and in the west of Minsk region where precipitation was often seen

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Ukraine: gas production is top priority for Ukrnafta due to lower royalty

Public joint-stock company Ukrnafta will develop gas production as a top priority direction, as oil royalty is set at a higher level, the company’s press service has reported

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19.08.2016

Kyrgyzstan hopes to get enough water to generate electricity

Light life of Kyrgyzstan directly depends on the water level in Toktogul reservoir. If there is a lot of water, there will be an uninterrupted supply of electricity, little water will result in rolling blackouts

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Russia: super nuclear power plant to be developed by 2027

Rosatom intends to develop the most cost-effective nuclear power plant (NPP) in the world by 2027, according to the corporation’s roadmap of innovative development until 2030

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Turkmenistan: air fleet enlarged with Boeing planes

Fleet of the Turkmenistan Airlines has been recently renewed with several Boeing aircraft, the Turkmen government said in a message. Turkmenistan received three Boeing 737-800 aircraft in 2013 and two Boeing 777-200 LR aircraft in 2014

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Turkmenistan building railway to Afghanistan

The Turkmenistan-Afghanistan-Tajikistan (TAT) railway, which is under construction, is intended to stimulate trade ties between the countries of the region, the Turkmen government said in a message

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Tajikistan: oil products output up in January-July 2016

Tajikistan has reportedly increased manufacturing of oil products over the first seven months of this year. According to the Agency for Statistics under the President of Tajikistan, about 70,000 tons of oil products have been manufactured in Tajikistan in January-July, up by 30

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Belarus: state-owned stake in Slootsk sugar refinery up

OAO Slootsk sugar refinery’s shareholders adopted a resolution on Aug 12, to increase the state-owned stake from 25.4% to 51%. The state-owned stake will be increased by means of issuing additional shares, which will be surrendered to the state

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Azerbaijan: 4,000 tons of AI-92 gasoline to be imported

Azerbaijan will import 4,000 tons of AI-92 gasoline in the coming days, the country’s state oil company SOCAR said in a message posted on its website

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Uzbekistan: presentation of tourist potential took place in Beijing

On August 15, Beijing (China) hosted a presentation of the tourist potential of Uzbekistan. The event organized by “Uzbektourism” jointly with the Association of private tourism organizations of Uzbekistan, Embassy of Uzbekistan in China with the support of the State administration of tourism of China and China Association for the promotion of friendship, was attended by the tourist organizations of Uzbekistan and representatives of business and civic circles, tourism companies and Chinese media

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Belarus: Hotel Belarus in Grodno to be sold

Grodno authorities are making preparations to convert the state-owned Hotel Belarus into an open joint stock company and sell a stake to an investor, Grodno Regional administration said

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Belarus: over 40 administrative procedures for businesses to be canceled

Proposals have been brought forward to cancel more than 40 administrative procedures for businesses, the press service of the Belarusian Economy Ministry reported

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Kyrgyzstan: Oil Traders Association to access petroleum market of Kazakhstan

Oil Traders Association of Kyrgyzstan asks to open access to the market of petroleum products of Kazakhstan, executive director of the association Ulan Kulov announced at the meeting on the problems of the fuel market

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Belarus: ASB Leasing cutting lease interest rate

ASB Leasing Ltd, the leasing arm of OAO Belarusbank, has reduced the interest rate for lease purchases of dwellings by individuals by 4% to 21% per annum

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Kyrgyzstan: investment projects to expand

Kyrgyzstan plans to expand the range of investment projects, the Prime Minister Sooronbay Jeenbekov announced at the meeting of Coordination Council on Macroeconomic and Investment Policy

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Kyrgyzstan: over $42 million owed to Russia for Upper Naryn cascade

Kyrgyzstan owes Russia more than $42 million for the Upper Naryn HPP cascade and Kambarata-1, Director General of Electric Stations JSC Taalaibek Tolubaev reported

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Kazakhstan to create favorable conditions for foreign business

Kazakhstan is concerned about the state of foreign businesses in the country, and is ready to create favorable conditions for them, the Minister of Foreign Affairs of Kazakhstan Erlan Idrissov said at a briefing for foreign diplomatic corps in Astana on

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Ukraine: Nexans starts constructing plant

Ukrainian President Petro Poroshenko took part in the ceremony to mark the start of construction work of a cable plant by France’s Nexans

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Russia: Vladmorrybport handling up in January-July 2016

Handling of cargo by JSC Vladivostok Sea Fishing Port (Vladmorrybport) in January-July increased by 44% YoY to 1,921,600 tons, the company said

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Uzbekistan: first buyers get Nexia

First buyers of the new car model Nexia have received keys to their automobiles, the press service of GM Uzbekistan said. Sales of new model of Nexia started in Uzbekistan on August 8

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Belarus: Great Stone and Suzhou industrial park ink cooperation agreement

The China-Belarus industrial park Great Stone and the Suzhou industrial park have signed a cooperation agreement, the press service of the Belarusian Ministry of Foreign Affairs reported

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Tajikistan: commercial opportunities with Afghanistan discussed in Dushanbe

Issues related to expansion of economic cooperation between Tajikistan and Afghanistan were discussed at a roundtable entitled “Commercial Opportunities of Tajikistan and Afghanistan” that took place in Dushanbe on August 16

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Belarus: 16 buildings at Rechitsapivo brewery to be auctioned

Belarus is due to hold an auction on September 8, to sell 16 buildings and some other property owned by Rechitsapivo brewery (Gomel region), the State Property Committee of Belarus said in a release

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Belarus: excise tax preferences for liquor producers extended

Belarus-based manufacturers of alcoholic beverages and beer are free to choose when to pay excise taxes to the state budget: after they ship goods to consumers, or after they receive payment for the goods shipped

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Belarus: GDP down in January-July 2016

Belarus’ gross domestic product (GDP) dropped by 2.7% YoY in January-July 2016 to 52.6 billion Belarusian rubles ($27.1 billion at the central bank’s exchange rate), an official with Belarus’ National Statistics Committee said

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Belarus: capital investments down in January-July 2016

Belarus’ fixed-capital investments and investments in construction dropped by 20.6% YoY in January-July to Br9.2 billion ($4.8 billion), the National Statistics Committee (Belstat) said in a report

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Belarus: Grodno Azot receiving German-made equipment for nitric acid plant

Belarus’ chemical company OAO Grodno Azot has been receiving equipment made by Germany’s ThyssenKrupp Industrial Solution to be installed at a new nitric acid plant, which is currently under construction, a Grodno Azot official reported

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Belarus: petrol supplies to Russia up in July 2016

Belarus’ petrol exports to Russia grew 19 times MoM in July to 27,034 tons, Kortes Business Analysis Centre said in a report citing railway transport statistics

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Belarus: potash exports to Poland up in H1 2016

Belarusian Potash Company (BPC) shipped 69,288 tons of potash fertilizers to Poland in January-June, up by 43% YoY. Potash export proceeds from Poland-bound shipments grew by 30% YoY, to $32

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Azerbaijan: SOFAZ’s yield from big oil project nears $120 billion

Revenues of the State Oil Fund of Azerbaijan (SOFAZ) from the project of development of the Azeri-Chirag-Gunashli (ACG) block of oil and gas fields totaled $119

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Azerbaijan: customs duty on AI-92 gasoline import cancelled

Customs duty on AI-92 gasoline import has been cancelled in Azerbaijan for a period of 60 days, the country’s Cabinet of Ministers said

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Tajikistan: agricultural battalion set up in armed forces

An agricultural battalion has been set up in Tajikistan’s armed forces. An official ceremony of the establishment of the agricultural battalion that took place in Vahdat Township on August 17, was attended by the Prime Minister Qohir Rasoulzoda

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18.08.2016

Ukraine: budget revenues at 322 billion UAH

Ukrainian budget revenues for January-July amounted to 322 billion UAH, up by 24% YoY. This was announced by the head of the State Fiscal Service of Ukraine Roman Nasirov

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