Ukraine to produce components for aircraft industry or buy them in other countries

Prime Minister of Ukraine Volodymyr Groysman has stated that Ukrainian aviation industry could both produce components for aircraft independently and buy them in other countries, but not from the Russian Federation

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Kazakhstan: barley exports at a three-year low in 2016/2017

Contrary to wheat or flour, barley exports from Kazakhstan started the new season at the slowest pace in the last three years. Kazakh exporters supplied 28

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Ukraine: Ukrzaliznytsia to raise passenger carriage tariffs in 2017 in two stages

PJSC Ukrzaliznytsia will submit to the relevant ministries and agencies the issue of raising tariffs for passenger transportation by 35% in two stages: by 16% in the first quarter of 2017 and by 16% in the fourth quarter of 2017

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Belarus: regulatory capital of banks up in January-October 2016

As of November 1, the regulatory capital of Belarusian banks totaled Br8.38 billion, up by Br534.6 million or by 6.8% since the beginning of the year, according to the latest statistics report released by the National Bank of the Republic of Belarus (NBRB)

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Belarus earns $0.5 billion from redistributed import customs duties in 2015

In 2015 Belarus’ state budget received the equivalent of $495 million thanks to the redistribution of import customs duties, Alexander Kurlypo, Head of the Central Office for Budget and Finance Control of the State Control Committee of Belarus, reported

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Ukraine: EU to accelerate the provision of additional trade preferences

The European Parliament and the Council of the European Union will speed up the provision of additional autonomous trade preferences to Ukraine, which will increase the quotas for duty-free imports of a wide range of Ukrainian goods to the EU, the Deputy Minister of Economic Development and Trade of Ukraine – Trade Representative of Ukraine Nataliya Mykolska declared

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Ukraine: court arrests compressor stations of Karpatygaz

Kyiv’s Pechersky district court has arrested seven compressor stations managed by Karpatygaz LLC under the joint operation agreement signed with state-run company Ukrgazvydobuvannia: Khrystyschenska, Yuliyevska (both based in Kharkiv region), Skhidno-Poltavska, Rozpashnivska and Abazivska (all three in Poltava region), Letnianska and Svydnytska (both in Lviv region)

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Your advertisement under each post on Business World Magazine site

Dear Sirs! You can put your ad under each post on Business World Magazine (BWM) website – http://smiraponitke.com/ (one line of your ad with one active hyperlink)

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Ukraine: flour production down in January-October 2016

In January-October Ukrainian flour-milling enterprises produced 1.572 million tons of flour, down by 5% YoY, the State Statistics Service of Ukraine declared

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Ukraine: over 62 million tons of grains harvested

As of November 28, Ukrainian agrarians harvested 62.073 million tons of grains throughout the areas of 13.679 million ha, or 95% of the plan

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Ukraine: Zorya-Mashproekt asking PM to check contracts with Ukrtransgaz’s tender winners to modernize GTS

Employees of the state-run enterprise Zorya-Mashproekt (Mykolaiv) have sent an open letter to Ukrainian Prime Minister Volodymyr Groysman asking him to personally control the signing of contracts with the winners of the tender of public joint-stock company Ukrtransgaz to modernize three compressor stations in Ukraine valued at 4

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Azerbaijan: AZAL to open new flights to Russia until 2021

Azerbaijan Airlines CJSC (AZAL) plans to establish air service with the Russian Volgograd and Astrakhan cities, as well as with the cities of Russia’s Far East, AZAL Vice President Eldar Hajiyev said

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Azerbaijan: 19 state properties privatized

In the course of the regular auction held by Azerbaijan’s State Committee on Property Issues on November 29, 19 state property units have been sold as part of a new privatization program

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Kazakhstan: two main gas pipelines connected

Kazakh national gas transportation operator KazTransGas built a booster compressor station at the connection TIP-02 between the main gas pipeline “Bukhara gas-bearing region-Tashkent-Bishkek-Almaty” and “Kazakhstan-China”, the company said in a message

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Ukraine to approve aviation industry restoration program with medium term outlook early 2017

An ad hoc working group being created in the government would draw up a program on restoration of Ukrainian aviation industry for the medium term outlook

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Azerbaijan and Mexico successfully cooperating in trade

Azerbaijan and Mexico are successfully cooperating in trade, Mexican ambassador to Azerbaijan Rodrigo Labardini said at a press-conference in Baku on November 29

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Azerbaijan: Central Bank to put up notes for auction

An auction for placement of short-term notes worth 75 million manats of Azerbaijan’s Central Bank will be held at the Baku Stock Exchange (BSE)

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Uzbekistan to launch exchange policy liberalization in 2017

Uzbekistan plans to start a large-scale liberalization of its exchange rate policy in 2017 in accordance with the draft decree of the Uzbek president

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Ukraine: UOP obtains approval for corporatization of 5 enterprises

Implementing the defense industry reform Ukroboronprom State Concern has started preparing for corporatization of its enterprises. The press service of the concern reported that plans and corporatization schedules of the first five Ukroboronprom member enterprises, including Antonov State Enterprise and 410 Civil Aviation Plant (both based in Kyiv), had been approved by the Economic Development and Trade Ministry of Ukraine

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Azerbaijan: AZALJET to increase number of regular flights to Moscow

Azerbaijan Airlines CJSC (AZAL) will increase the number of regular flights from Baku to Moscow. Two flights will be carried out daily from the Heydar Aliyev International Airport to Moscow Vnukovo airport from March 2017

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Azerbaijan: AZAL to fly 2 million passengers by end of 2016

Azerbaijan Airlines CJSC (AZAL) intends to fly two million passengers till late 2016, Eldar Hajiyev, AZAL vice-president, said. “AZAL transported 1

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Ukraine: EU to continue supporting the Chornobyl NPP projects implementation

The European Union is committed to further improve nuclear safety worldwide and will continue to work with Ukraine and other international donors to ensure that projects in Chornobyl are brought to a successful conclusion

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Ukraine: NBU to introduce new approach to banking supervision by 2018

The National Bank of Ukraine (NBU) intends by 2018 to transfer to a new model of banking supervision, which will be based on a risk-based approach, a source in the banking circles reported, with reference to NBU Deputy Head Yekateryna Rozhkova, during the regulator’s traditional meeting with bank representatives

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Kazakshtan: 1.6 million tons of flour exported in January-September 2016

During 9 months of 2016 Kazakhstan supplied 1.6 million tons of flour to foreign markets, up by 36.2% YoY, the monitoring agency Energyprom.kz reported

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Ukraine: Finance ministry backs expansion of division fighting capital outflow via transfer pricing

The division of the State Fiscal Service fighting capital outflow via transfer pricing should be expanded and reinforced, Finance Minister Oleksandr Danyliuk has said

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Belarus: supplies of agricultural machines to Uruguay under consideration

Belarusian Deputy Minister of Foreign Affairs Evgeny Shestakov met with Uruguay’s Deputy Minister of Livestock, Agriculture and Fisheries Enzo Benech and Executive Director of Uruguay XXI Antonio Carambula to discuss possible supplies of agricultural equipment for small and medium-sized Uruguayan farms, the press service of the Belarusian Ministry of Foreign Affairs reported

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Ukraine: 61.6 million tons of grain and leguminous crops threshed

Ukraine as of November 25, had threshed 61.6 million tons of grain and leguminous crops from 13.6 million ha (95% of the forecast). According to the press service of the Agricultural Policy and Food Ministry, with the forecast being 5

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Belarus: Belenergo and Czech-Belarusian Chamber of Commerce and Industry to step up cooperation

The Belarusian national electrical company Belenergo and the Czech-Belarusian Chamber of Commerce and Industry signed a memorandum of understanding in Prague, the website of the Belarusian Energy Ministry reported

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Ukraine: UNDP to buy medicines under 17 programs using 2016 budget funds

The United Nations Development Program (UNDP) will buy medicines under 17 state-funded programs for $48.5 million using 2016 budget funds. The first batch will arrive soon, UNDP Coordinator Zafar Yuldashev has said

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Belarus: industrial recession over

Industrial recession in Belarus is over, Vice Prime Minister Vladimir Semashko said. “I am happy that we have survived through the crisis

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Belarus: Europe-China transport corridor strategy suggested

A strategy of a sustainable multimodal transport corridor from Europe to China was suggested by the Chairman of the Council of the Republic of the National Assembly of Belarus Mikhail Myasnikovich at the UN Global Sustainable Transport Conference in Ashgabat

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Belarus: Belarusian-made equipment absolutely competitive

Belarusian equipment is absolutely competitive, Belarus’ Deputy Prime Minister Vladimir Semashko said. “In terms of the price-quality-maintenance ratio, our equipment is absolutely competitive”, Vladimir Semashko said

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Ukraine: full-featured energy market being created

Ukrainian Prime Minister Volodymyr Groysman has said that the full-featured energy market is being created in Ukraine. “The market is competition, including competitive prices for consumers

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Belarus: ways to introduce IFRS at major state-run enterprises under consideration

In view of recommendations of the International Monetary Fund (IMF) Belarus is considering ways to introduce the International Financial Reporting Standards (IFRS) at major state-run enterprises

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Turkmenistan joins agreement on Trans-Asian Railway Network

Turkmenistan has joined the Intergovernmental Agreement on the Trans-Asian Railway Network, Intergovernmental Agreement on the Asian Highway Network, as well as the Intergovernmental Agreement on Dry Ports, the country’s Oil and Gas Complex said in a message

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Ukraine: Ukrenergo power transmission down in January-October 2016

National energy company Ukrenergo in January through October cut electricity transmission through the country’s backbone and interstate power grids by 9

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Azerbaijan: Supervisory Council of VTB Bank expanded

Gorkhmaz Aghayev has become a member of the Supervisory Council at the OJSC VTB Bank Azerbaijan, said a message posted on the bank’s website

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Kazakhstan: huge greenhouse complex built

A huge greenhouse complex of 12 ha has been built in Kazakhstan, KazAgro National Holding reported. The official launch of the complex, the largest in the country, is scheduled for early December

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World: OECD revises 2017 global economic growth forecast

The Organization for Economic Co-operation and Development (OECD) has revised the real world GDP growth for 2017 by 0.1% as compared to September estimations to 3

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Ukraine: UIA expands fleet with another Boeing 737-800 NG

Ukraine International Airlines (UIA, Kyiv) has expanded its fleet with another Boeing 737-800 NG. According to the press service of the company, the delivery of another airplane was the final stage of the program of the fleet expansion and improving in 2016

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Azerbaijan: management of NIKOIL Bank to be changed

Shareholders of Azerbaijan’s NIKOIL Bank CJSC will discuss the change of composition of the bank’s Supervisory Board on January 16, 2017

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Uzbekistan: ADB allocates $154 million to develop horticulture

The Asian Development Bank (ADB) has approved of a $154 million loan to enhance horticulture value chain development in all 12 regions of Uzbekistan and the autonomous region of Republic of Karakalpakstan

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Ukraine: AMC allows Tigipko to buy Universal Bank

The Antimonopoly Committee of Ukraine (AMC) has allowed ex-Deputy Prime Minister for Social Policy Sergiy Tigipko, the founder and major shareholder of TAS Group, to indirectly acquire Universal Bank (Kyiv) through Bailican Limited (Cyprus)

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Ukraine: general grain harvest to reach nearly 90 million tons by 2050

By 2050 the annual production of grain crops in Ukraine will total nearly 90 million tons, including nearly 50 million tons of grains for exports, the advisor to the Minister of Agrarian Policy and Food of Ukraine Vladyslava Rutytska declared

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Ukraine: Iran to replace China as a destination market for corn

According to official information, Ukraine exported some 1355.3 KMT of corn in October, up by 3% YoY (1314.8 KMT). Nonetheless, Ukrainian corn exports did lag 3

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Bulgaria: sunseed harvesting completed

According to Bulgarian Ministry of Agriculture, as of November 17, 760.6 thousand ha of sunflower had been threshed, which was 100% of the plan

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Belarus and Slovakia to cooperate in nuclear energy

Belarus and Slovakia intend to cooperate in power engineering, pharmaceutics, and petrochemical industry. The relevant agreement was reached during the meeting of Prime Minister of Belarus Andrei Kobyakov and Prime Minister of Slovakia Robert Fico on November 25

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Azerbaijan: Baku supports transit of Mumbai cargo

Azerbaijan Railways CJSC considers it necessary to organize a meeting of working groups to analyze and evaluate the dispatch of test container trains from Mumbai to Russia via Iran and Azerbaijan, Javid Gurbanov, head of the Azerbaijani Railways CJSC, said

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Ukraine: ban on blending of different grain grades cancelled

The Cabinet of Ministers of Ukraine canceled the ban on blending of grain crops of different grades (adjustments to the Decree of the Ministry of Agrarian Policy No

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Azerbaijan to support all North-South corridor members

The Azerbaijani government is ready to assist all participants of the international North-South transport corridor in every way possible, Sahil Babayev, Azerbaijan’s deputy economy minister, said

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Azerbaijan: railways on priorities until 2019

Addressing the International Rail Business Forum titled “Strategic Partnership 1520: Caspian region”, Head of Azerbaijan Railways CJSC Javid Gurbanov spoke about priorities of the company’s activities

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Azerbaijan: energy minister not to attend OPEC meeting

Azerbaijan’s Energy Minister Natig Aliyev has cancelled his visit to Vienna, where he planned to take part in the second meeting of the OPEC High-level Committee, established by the Algiers Accord, with non-OPEC oil producing countries, the ministry reported

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Ukraine: agriculture ministry launches pilot projects to improve grain quality

The Ukrainian Agrarian Policy and Food Ministry is launching a pilot project, initiated by the International Finance Corporation, to improve the quality of grain in Mykolaiv, Odessa, Kirovohrad and Poltava regions

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Azerbaijan: foreign debt exceeds $7.6 billion

As of October 1, the volume of Azerbaijan’s foreign state debt amounted to $7.651 billion (12.403 billion manats), that is, 20.1% of the country’s GDP, Azerbaijan’s Finance Ministry said in a message

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Turkmenistan: Ashgabat and Vienna aim at expanding co-operation

The issues of strengthening cooperation in politics, economy and culture have been discussed during the meeting with the Austrian Ambassador to Turkmenistan Gerhard Sailler in Ashgabat, the Turkmen Foreign Ministry said in a message

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Turkmenistan: transit opportunities presented to Romania

A Turkmen delegation presented the country’s transit and transport opportunities at the seaport of Constanta, the Turkmen Foreign Ministry said in a message

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Ukraine: profitability of soybean and rapeseed production to increase in 2016

In 2016 Ukraine will keep the trend of increasing of the profitability of soybeans and rapeseed production, the Director of the National Scientific Center “Institute of Agrarian Economics”, Academician of the NAAS Yuri Lupenko declared

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Turkmenistan and OSCE cooperate in energy security

Turkmen President Gurbanguly Berdimuhamedov met with OSCE Secretary General Lamberto Zannier in Ashgabat. According to the message, the priority aspect of cooperation is to ensure energy security as an important factor of global sustainable development

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Turkmenistan and Georgia promote joint transport projects

Turkmen President Gurbanguly Berdimuhamedov discussed the further cooperation prospects at the meeting with his Georgian counterpart Giorgi Margvelashvili

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Turkmenistan one of most promising partners for Austria

Turkmen President Gurbanguly Berdimuhamedov met with Karlheinz Kopf, the second president of the Austrian National Council, the Turkmen government said in a message

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Ukraine: Infrastructure Ministry simplifies certification of cars made not in EU

Ukraine’s Ministry of Infrastructure has agreed on the possibility of certification of alternative technical requirements for an individual approval of wheeled vehicles, produced in countries not being EU members

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Turkmenistan: transport strategy of long-term nature

One of the important goals of the dialogue aimed at development of transportation in the world is to create an appropriate transport, transit and logistics system in Central Asia and the Caspian region, the Turkmen President Gurbanguly Berdimuhamedov said

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Latvia: Dobeles Dzirnavnieks to increase exports to Scandinavia

Latvia’s Dobeles Dzirnavnieks grain processing company plans to increase exports to Scandinavia, the company’s board chairman Kristaps Amsils

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Ukraine: EU to promote fast introduction of trade preferences for government

The European Union has stated its willingness to promote fast introduction of autonomous trade preferences provided for the Ukrainian government

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Ukraine: 56 out of 105 Ukroboronprom companies profitable

Head of Ukroboronprom State Concern Roman Romanov has stated that currently only 56 out of the 105 enterprises in the group structure are profitable

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Kazakhstan: September flour exports hit a record high since 2010

Kazakhstan started the new flour season of 2016/2017 with brisk exports. 177 KMT of flour was supplied to foreign markets in September, up by 18

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Kazakhstan: record volumes of vegetable oils produced in October 2016

According to the Agency of Statistics of the Republic of Kazakhstan, in October the production volumes of vegetable oils reached the record figures – 33

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Ukraine: line of investors to buy HPPs and Odessa Port-Side Plant

An auction to sell Ukrainian hydroelectric power plants (HPPs) aroused competition among investors. Dialog is being held about the privatization of Odessa Port-Side Plant, Head of the State Property Fund (SPF) Ihor Bilous said

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Azerbaijan: privatization in investment tenders gives $1.1 billion

$1.1 billion have been invested in Azerbaijan’s economy through investment tenders, Rafig Jalilov, deputy chairman of Azerbaijan’s State Committee on Property Issues, said

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Belarus: large waste recycling plant to be built in Minsk region

Plans have been made to build a large waste recycling plant at the border of Smolevichi district and Borisov district. The enterprise will utilize a complete production cycle, Nikolai Svirsky, Head of the Beautification and Secondary Material Resources Department of the state enterprise Minsk Region Utilities, reported

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Moldova: agrometeorological conditions and winter crops

On November 14-20, it was cooler than usual and insignificant precipitation was registered. The average weekly air temperature in the country was +1

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Ukraine: Crown Agents to buy medicines using 2016 state budget funds by March 2017

International British procurement agency Crown Agents plans to purchase drugs and medical products from funds of the national budget of Ukraine for 2016 by March next year, Crown Agents senior procurement consultant Christine Jackson has said

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Kazakhstan: milling wheat prices growing supported by strong demand

The export market of Kazakhstan saw growth of milling wheat prices last week. It was fueled by the following factors: reviving demand from key importers; consequent growth of Kazakh wheat exports by a third against 2015 early in the season; rising domestic prices for milling wheat in Kazakhstan against the background of volatility of the national currency; persistent increase in export prices for milling wheat in other Black Sea countries

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Bulgaria: bullish trends on wheat export and domestic markets

Purchase prices for grain in Bulgaria’s domestic market closed the week with an increase following their downturn a week ago. At the same time, the Bulgarian lev has devalued by almost 5% over the two weeks

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Ukraine: potential of organic production underused

Ukraine uses the potential of organic agricultural production by less than 10%, while this sector is promising for the development of small and medium-sized businesses, Agrarian Policy and Food Minister of Ukraine Taras Kutovyi said

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Belarus: BelAZ designs dump truck for subsurface mining

Belarus’ BelAZ heavy-duty truck manufacturer (Zhodino, Minsk region) has designed the MoAZ-65010 dump truck for subsurface mining. The compact dump truck with a 15-ton load capacity has been custom-made for Russia’s OAO Kombinat KMAruda

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Belarus: Gomselmash dispatches first batch of cotton harvesters to Cameroon

The Belarusian mechanical engineering company Gomselmash has sent the first batch of cotton harvesters to Cameroon, Igor Korotkevich, First Deputy Director of the company’s Regional Sales Department, reported

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Belarus: roadmap for upgrading SME capacity drafted

Belarus endorses the recommendation of the OECD in terms of upgrading SME capacity and has already developed specific measures to implement them, Belarus’ Economy Minister Vladimir Zinovsky said during the roundtable held as part of the OECD Eurasia Week 2016 in Paris

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Ukraine: Ukrzaliznytsia to boost capital investment in 2017

Public joint-stock company Ukrzaliznytsia seeks to boost capital investment 2.4 times in 2017, to 27.4 billion UAH from 11.2 billion UAH expected in 2016, according to a company presentation shown during the phone conference with investors

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Belarus-Turkey business council to meet in Minsk in 2017

The Belarusian-Turkish business council will sit in Minsk in 2017. The matter was discussed at the meeting between Belarus’ Consul General in Istanbul Vladimir Mironovich and Chairman of the Foreign Economic Relations Board of Turkey Omer Cihad Vardan, the press service of the Belarusian Ministry of Foreign Affairs reported

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Azerbaijan: financial sector to be restructured by year-end

Restructuring of Azerbaijan’s financial sector may be completed by the end of 2016, Rufat Aslanli, chairman of the board of directors at the country’s Financial Market Supervisory Authorit, said

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Azerbaijan: no need to rush in privatizing large enterprises

Privatization of Azerbaijan’s large state enterprises, including state oil company SOCAR, requires time and such issues must not be hurried, Rafig Jalilov, deputy chairman of Azerbaijan’s State Committee on Property Issues, said

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Ukraine: no more credits from EU and IMF in 2016

International reserves of the National Bank of Ukraine (NBU) are projected to increase to $17.5 billion by the end of 2016, if Ukraine receives a credit totaling 600 million euros from the European Union and a credit totaling $1

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Azerbaijan-Iran railway bridge to be ready at year-end

Construction of a railway bridge across the Astarachay river at the border of Azerbaijan and Iran as part of the North-South Transport Corridor will be completed in December, Javid Gurbanov, head of Azerbaijan Railways, reported

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Azerbaijan: AZAL’s new campaign on flights to Tel Aviv

Azerbaijan Airlines (AZAL) announced a new campaign for flights on the route from Baku to Tel Aviv. When buying from December 1 to 20, an air ticket for the flights on Baku-Tel-Aviv-Baku route in the period from January 10 to March 10, 2017 will cost 299 euro

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Azerbaijan and Iran to launch new passenger train

A passenger train will be launched between Azerbaijan’s Nakhchivan and Iran’s Mashhad before late November, Javid Gurbanov, head of Azerbaijan Railways CJSC, reported

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Ukraine: trade turnover with EU up in January-September 2016

The trade turnover between Ukraine and the EU increased by 6% YoY in January-September 2016 as a result of the Free Trade Area Agreement, which came into effect on January 1, 2016

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Ukraine: Astarta steps up soybean product exports

Astarta exported 115 KMT of soybean crushing products in January-September that is almost 81% of the segment’s sales, the company’s press service reports

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Belarus: AID-Venture venture funding program launched

A $2.5 million venture funding program – AID-Venture – has been launched in Belarus, Bel.biz Group reported. The consortium of partners consisting of several companies has won the tender for venture capital ecosystem development in Belarus

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Ukraine: world’s largest operator ready to enter port

The Infrastructure Ministry is in talks with the global operator Hutchison Ports, which is ready to enter one of Ukraine’s biggest ports, Infrastructure Minister Volodymyr Omelyan said

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Ukraine to join BEPS action plan in early 2017

Ukraine from January 1, 2017 will become an official member of the Inclusive Framework on Base Erosion and Profit Shifting (BEPS) led by the Organization for Economic Cooperation and Development (OECD)

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Ukraine: Ukravtodor to build new road to Hungary

The State Agency of Automobile Roads of Ukraine (Ukravtodor) intends to build a new road, which will connect the M-06 Kyiv-Chop highway with the Hungarian road M-3 Budapest-Nyiregyhaza

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Ukraine: companies to export sugar, pork and sunflower oil to China

Ukrainian companies, which participated in a trade mission to China, have received first orders from Chinese importers for sugar, pork and sunflower oil deliveries

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Latvia: Port of Riga handles 3.54 million tons of cargo in October 2016

Port of Riga said October was the most successful month of the year in regards of cargo turnover, as well as the most successful October in the port’s history

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Ukraine: grain production revised

Ukraine’s grain output will increase to 64 million metric tons in the 2016-2017 season, the largest grain harvest since the country gained independence in 1991, Agriculture Minister Taras Kutoviy said

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Ukraine: passenger traffic water transport down in January-October 2016

In January-October transportation of passengers by water transport in Ukraine totaled 400,000 passengers (-22.4%, YoY). According to the State Statistics Committee of Ukraine, total passenger turnover in Ukraine fell by 6

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Ukraine: NBU relaxes access to currency loans with participation of export-credit agencies

The National Bank of Ukraine (NBU) has made an exception of the general rules of controlling the rates of foreign credits of loans if resident borrowers (both companies and financial institutions) raise funds from nonresident creditors with the participation of export-credit agencies

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Kazakhstan: record volumes of flour produced in October 2016

According to the Agency of Statistics of the Republic of Kazakhstan, in October the production volumes of flour from grains and other plant crops reached the record figures – 388

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Ukraine: nearly 17 million tons of grains exported

Since the beginning of 2016/2017 MY, Ukraine exported 16.8 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared, referring to the State Fiscal Service of Ukraine

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Belarus: Grodno region to build wind farm

A wind farm worth around 3 million euro will be built in Grodno region near Zelva in the framework of an investment agreement signed between Grodno region administration and Zilant Ltd

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Ukraine: cargo transportation by water down in January-October 2016

In January-October water transport of Ukraine carried 5.5 million tons of cargo (-0.2%, YoY), says State Statistics Committee of Ukraine. Cargo turnover decreased by 28% to 3,279

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Bulgaria: pace of winter barley sowing down

According to the Bulgarian Ministry of Agriculture, as of November 10, winter wheat had been sown at 901.2 thousand ha. The pace of sowing is 3

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Ukraine: wheat exports down in October 2016

Ukraine exported roughly 2058 KMT of wheat in October down from 2068.5 KMT in October 2015. For the first four months of 2016/2017, Ukrainian wheat exports increased by 9

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Belarus: Belaruskali doubles NPK fertilizer output in 2016

Belarus’ mineral fertilizer manufacturer Belaruskali (Soligorsk, Minsk region) says it has doubled the production of NPK fertilizers in 2016

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Belarus: Belaruskali to purchase electric motors

The state-owned Belarusian company OAO Belaruskali has announced a tender to purchase 52 electric motors ranging in capacity from 0.25kW to 200kW valued at Br582,750 ($297,900), according a message posted on Belarus’ official procurement web site

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Belarus to utilize 400 million euro in Austrian investments in 2016

Belarus plans to utilize about 400 million euro under Austrian projects in 2016, Chairman of the Belarusian Chamber of Commerce and Industry (BCCI) Vladimir Ulakhovich said at the opening of the business matchmaking event for Belarusian and Austrian businessmen

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Ukraine: over 4 MMT of soybeans harvested

Ukrainian farmers are completing sunseed harvesting. As of November 21, this crop was gathered from 5839.7 thousand ha or 99% of the intended area (5919

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Belarus: beef exports up in January-September 2016

Belarus’ beef export grew by 14.4% YoY in January-September to 118,474 tons, Belarus’ National Statistics Committee (Belstat) said in a report

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Belarus invests $50 million in Austrian economy in January-September 2016

Belarus invested about $50 million in the Austrian economy in January-September, Deputy Minister of Foreign Affairs of Belarus Alena Kupchyna said at the opening of the business matchmaking session between the businessmen of Belarus and Austria on November 23

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Ukraine: government backs termination of agreement with Russia on liquidation and return of aircraft

Ukraine’s Cabinet of Ministers has approved of a bill on termination of the intergovernmental agreement signed with Russia on July 1, 2003 on the liquidation of the procedure for returning aircraft staying at repair plants of the Ukrainian and Russian defense ministries

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Ukraine: seaports grain exports up in the third week of November 2016

On November 14-20, Ukraine exported 616.7 thousand tons of grains from the seaports, against 463.3 thousand tons on the previous week. In particular, wheat shipments reached 158 thousand tons, corn – 408

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Ukraine: over 60 million tons of grains harvested

As of November 21, Ukrainian agrarians harvested 60.151 million tons of grains throughout the areas of 13.396 million ha, or 94% of the plan

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Ukraine: groats production recovering

Groats production in Ukraine totaled 35.05 KMT in September, up by 13.5% YoY (30.87 KMT). In 2016 the production of all groats in Ukraine has increased by 2

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Ukraine: grain legumes output up in 2016

In 2016 Ukraine considerably increased grain legumes production. Although official figures are not available yet, it can be assumed that legumes crop is 70% higher than last year, mainly owing to significant expansion of peas planted area

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Ukraine: government increases floor retail prices of vodka

Floor retail and wholesale prices of vodka will be increased by 27.1% and 27.86%, to 348.9 UAH and 225 UAH per liter of 100% ABV. According to government resolution No

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Ukraine: winter grains condition best in the past three years

The weather conditions in the first half of November promoted active formation of the secondary system in winter wheat with different plant development degrees (one to four tillers per plant)

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Ukraine: Fitch upgrades 7 banks on sovereign rating change

Fitch Ratings has upgraded the long-term foreign currency issuer default ratings (IDRs) of seven Ukrainian banks to ‘B-‘ from ‘CCC’, Fitch has said in a press release

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Ukraine: EU announces allocation of about EUR 120 million for continuation of reforms

The financial assistance for the continuation of anti-corruption and civil service reform will be allocated at the 18th EU-Ukraine summit. “The November summit could confirm a further EUR 15 million in support of an anti-corruption program and EUR 104 million for public administration reform”, the EU report says

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Bulgaria: wheat output reaches record high

Wheat production in Bulgaria reached a new record in the 2016-2017 market year behind higher yields, favorable weather and a shift in the use of imported genetics, according to a report from the U

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Ukraine: export prices for milling wheat reach 2016 high

Last week Ukrainian wheat export prices continued growing on the same factors. Demand for Ukrainian wheat remains strong, while supply is shrinking

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Bulgaria: corn harvest the poorest over the last four seasons

On November 11-20, air temperatures were falling in Bulgaria. They dropped to 5-7 degrees C below zero in some areas. These weather conditions stopped growing processes in winter crops

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Belarus: Minsk getting ready to discuss joining WTO

Belarus is getting prepared to hold talks with the European Union in December-January on matters of joining the World Trade Organization (WTO), Belarus’ Ambassador to Belgium and Luxembourg and its Permanent Representative to the European Union and NATO Alexander Mikhnevich said

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Ukraine: Gazprom annual payment for gas transit to rise

Naftogaz Ukrainy has calculated that Russian gas giant Gazprom’s annual payment for gas transit through Ukraine can grow by $4 billion if the Stockholm Arbitration Court favors Kiev, Yury Vitrenko, Naftogaz Ukrainy’s commercial director, said

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Kazakhstan: grain to enter Saudi Arabia market

Saudi Arabia intends to import Kazakhstani grain in case of cost-efficient logistics, Batyr Batyrshayev, Kazakhstan’s Extraordinary and Plenipotentiary Ambassador to Saudi Arabia and concurrently to the Kingdom of Bahrain, said

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Ukraine: Delta Wilmar to build a vegoil-handling terminal in Yuzhny

There is a plan to build a new berth on the Adzhalyk estuary near the port of Yuzhny. The berth would service a Delta Wilmar plant owned by Singapore’s Wilmar International and Delta Exports

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Kazakhstan: flour production up in September 2016

Flour production in Kazakhstan continued expanding in September. The country produced roughly 331 KMT of cereal flour, up by 4.4% YoY and by 12

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Kazakhstan to reduce the planted areas under wheat

Kazakhstan will continue the process of diversification of the planted areas of agricultural crops: wheat areas will reduce by 2.3 million ha (from 12

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Ukraine: social food prices hovering

In September strong public interest was aroused by the Cabinet’s decision to cancel state regulation of prices and mark-ups for socially sensitive goods

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Kazakhstan: general grain harvest breaks a record

In 2016 Kazakhstan produced one of the record harvests of grain crops in the history of the country’s independence, including 17.9 million tons of wheat and 3

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Kazakhstan: grain stocks total 18.8 million tons

As of November 1, the registered carry-over stocks of grains and pulses in Kazakhstan totaled 18.84 million tons (up by 4.3 million tons MoM), the Statistics Committee of the Ministry of National Economy of the Republic of Kazakhstan reported

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Ukraine: profitability of agricultural production down in 2016

In 2016 the profitability of agricultural production is expected to reach 41.8%, down by 3.8% YoY, the Director of the National Scientific Center “Institute of Agrarian Economics” Academician of the NAAS Yuri Lupenko declared

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Ukraine: after credit risk tests state-run banks to be additionally capitalized

The necessity to additionally capitalize state-run banks will be established after assessing their credit risks in line with the resolution of the National Bank of Ukraine (NBU) No

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Turkmenistan: Ashgabat preparing for global sustainable transport conference

Turkmenistan’s President Gurbanguly Berdimuhamedov held a working meeting on preparations for the first Global Sustainable Transport Conference to be held on November 26-27 in Ashgabat, the Turkmen government said in a message

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Kazakhstan: 5.2 million tons of grains exported in January-September 2016

In January-September Kazakhstan exported 5.2 million tons of grains including flour in grain equivalent, the expert of the department of plant growing products growing and processing at the Ministry of Agriculture Sagintay Zhumazhanov declared

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Turkmenistan committed to broad co-operation in Caspian region

Turkmenistan is committed to constructive cooperation in the Caspian Sea region, the Turkmen government said quoting the country’s President Gurbanguly Berdimuhamedov

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Turkmenistan and Latvia to hold business talks in Riga

The next meeting of the Turkmenistan-Latvia intergovernmental commission on economic, industrial, scientific and technical cooperation will be held in Riga, the Turkmen government said in a message

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Uzbekistan: Tashkent and Ankara to work out co-operation roadmap

The Uzbek Acting President Shavkat Mirziyoyev and Turkey’s President Recep Tayyip Erdogan discussed the development of a “roadmap” for expanding the Turkey-Uzbekistan cooperation during the talks in Samarkand on November 18

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Uzbekistan: LUKOIL attracts $500 million to fund Gissar project

Russia’s oil company LUKOIL attracted a straight loan of $500 million from a consortium of banks in order to finance the project on development of the Gissar gas and condensate fields in Uzbekistan, LUKOIL said in a message

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Romania: SOCAR commissions another filling station

The Azerbaijani state oil company (SOCAR) has increased the number of its filling stations in Romania to 35, the company said in a message. SOCAR commissioned another filling station under the SOCAR brand name in the Romanian Ilfov County, according to the message

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Azerbaijan: Norwegian energy companies to enter market

Norwegian energy companies are interested in entering the Azerbaijani market, Norwegian ambassador to Azerbaijan Bard Ivar Svendsen reported

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Azerbaijan: new NAZ Lifan 820 model presented in Baku

Lifan 820 Premium car, produced at the Nakhchivan automobile plant (NAZ), was presented in Baku on November 20. “NAZ presents new Lifan models to the customers every year”, Polad Sadikhov, deputy director of the plant, reported

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Ukraine: Israel and India continue boosting purchases of sunmeal

Sunmeal exports from Ukraine totaled 142.0 KMT in September against 85 KMT in August and 139 KMT in September 2015. Analysts expect Ukraine’s overall 2016/2017 sunmeal export to reach at least 4400 KMT

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Azerbaijan: Iran minister to mull issues of mutual interest

Iran’s Minister of Communications and Information Technology Mahmoud Vaezi will visit Azerbaijan, Shahin Mustafayev, Azerbaijani minister of economy, said

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Ukraine: Infrastructure Ministry starts infrastructure projects contest

Ukraine’s Infrastructure Ministry has announced the start of the infrastructure projects contest. “The Infrastructure Ministry with the help of the reform support group has announced the start of the infrastructure projects contest

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Ukraine: over 0.7 million tons of sunflower oil exported in September-October 2016

According to the November balance sheets by NGO “Economic discussion club”, coordinated by the Interdepartmental working group under the Ministry of Economic Development of Ukraine, in September-October of 2016/2017 MY the export volumes of sunflower oil from Ukraine totaled 706 thousand tons

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Ukraine: IMF program increases sustainability of economy

The program of the International Monetary Fund (IMF) provides not only cash, but is also aimed at increasing the economy’s sustainability in Ukraine

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Ukraine: IMC sees fall in net profit in January-September 2016

Industrial Milk Company (IMC) saw a 17.1% YoY fall in net profit in January-September 2016, to $16.69 million. According to a company report on the Warsaw Stock Exchange (WSE), its revenue fell by 19

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Azerbaijan: funds from oil sales transparent and internationally audited

All the accumulation of money from oil sales of Azerbaijan and also spending are transparent and internationally audited, Azerbaijan’s President Ilham Aliyev said during a meeting with a group of participants of the 5th News Agencies World Congress in Baku

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Europe: farmers stick with wheat for 2017 despite rapeseed’s price appeal

EU farmers will keep soft wheat area the same for the 2017 harvest despite the depressant of weak prices, Strategie Grains said, citing a limited switching of land to rapeseed instead

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Ukraine: Danosha to invest in soybean crushing

Danosha company will invest next year in equipment that will enable producing soybean oil and cake right at the plant. Over the recent years, soybeans have been sown in the test mode to check out if the local conditions are suitable for this crop

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Ukraine: Risoil S.A. to invest in construction of a terminal in the Chernomorsk Port

The Swiss company Risoil S.A. declared its readiness to continue investing in construction of a grain terminal in SE Commercial Sea Port of Chernomorsk, the press-service of the company reported

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Bulgaria: oilseeds harvesting campaign

According to the Ministry of Agriculture, as of November 10, 759.9 thousand ha of sunflower had been threshed, or 99.9% of the plan. 1699.7 KMT had been threshed with an average yield of 2

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Asia: Caspian states mull shipping safety agreement

Representatives of Azerbaijan, Iran, Kazakhstan, Russia and Turkmenistan met in Ashgabat to discuss a draft protocol on cooperation in safety of shipping in the Caspian Sea

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Azerbaijan to supply wine to China

Azerbaijan will supply 500,000 bottles of wine to China, the Economy Ministry said. The ministry said that the agreement on the supply was reached during the visit of an export mission of Azerbaijani entrepreneurs to Hong Kong and Guangzhou on November 9-15

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Azerbaijan: Azeri Light production at 2015 level

Total production at the Azeri-Chirag-Deepwater Gunashli (ACG) was on average 644,000 barrels per day (b/d) (over 176 million barrels or 24 million tons in total) in January-September, same as in January-September 2015, BP Azerbaijan has said

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Azerbaijan important for Northern Cyprus

Azerbaijan is one of the important countries for Northern Cyprus in the field of tourism development, Fikri Ataoglu, Cypriot minister of tourism and environment, said

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Azerbaijan: AIIB to allocate first loan on TANAP financing

Board of Directors of the Asian Infrastructure Investment Bank (AIIB) plans to consider the allocation of a loan worth $600 million for the Trans Anatolian Natural Gas Pipeline (TANAP) project in March 2017, the AIIB reported

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Ukraine: Karpatygaz and Ukrgazvydobuvannia joint gas output in October 2016

Joint operations of public joint-stock company Ukrgazvydobuvannia and Karpatygaz LLC resulted in production of 53.7 million cubic meters of gas and 2,700 tons of gas condensate in October, according to a posting on the website of Misen Energy AB‚ (Sweden, the owner of the controlling stake in Karpatygaz)

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Ukraine: winter grains planting 94% complete

As of November 14, winter crops were planted on 6911 thousand ha, or 94% of the forecast area of 7374 thousand ha. This included 5888 thousand ha of winter wheat and triticale – 95% of the projected area (5597 thousand ha in 2015), 157 thousand ha of rye – 107% (145 thousand ha in 2015), and 866 thousand ha of barley – 84% (853 thousand ha in 2015)

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Ukraine: port charges to be halved

The Infrastructure Ministry of Ukraine is planning to halve port charges. According to the ministry, Ukraine loses because of its overcharged port dues lead to shrinking freight traffic

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Moldova: level of relations with Belarus praised

Moldova’s outgoing President Nicolae Timofti praised the level of the Belarusian-Moldovan relations and emphasized the trustworthy bilateral dialogue at the highest level, the Belarusian embassy in Moldova reported

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Venezuela considering food imports from Belarus

Belarus and Venezuela are discussing the launch of supplies of Belarusian food. This issue was addressed during a meeting between Belarusian Ambassador to Venezuela Oleg Paferov and Venezuela’s Food Minister Rodolfo Marco Torres, the press service of the Ministry of Foreign Affairs of Belarus reported

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Belarus: BelAZ expanding into Turkish market

The Belarusian automobile engineering company BelAZ keeps in touch with Turkish companies working on ways of selling and promoting its vehicles in Turkey, according to the company’s website

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Belarus to strengthen cooperation with Altai region

Matters related to the establishment of joint ventures and new partnerships were discussed during a meeting between Belarus’ Deputy Industry Minister Alexander Ogorodnikov and Deputy Governor of Russia’s Altai region Viktor Meshcheryakov, the press service of the Industry Ministry reported

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Belarus: Amkodor to design prototypes for oil well maintenance in Tatarstan

The Belarusian mechanical engineering company Amkodor is ready to design prototype machines for the oil extraction industry of Russia’s Tatarstan, the company’s website reported

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Belarus: Austria to set up trade and service network for tractors

A big trade and service network of Belarus tractors will be built in Austria, the website of Minsk Tractor Works reported. The intention to develop the Belarus tractor trade and service network was voiced by Director General of Austria’s Schaider GmbH Jozef Schaider

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Vietnam interested in Azerbaijani investments

The administration of Ho Chi Minh intends to draw Azerbaijani investments in infrastructure projects. Vietnam urges Azerbaijani investors to work over the subway construction project in Ho Chi Minh, as well as invest in tourism, information and communication technologies and services

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Azerbaijan: new deal signed within Shah Deniz Stage 2 project

Saipem Contracting Netherlands B.V. signed a 4-year contract with the Azerbaijani branch of the Lighthouse company in order to conduct survey work as part of the Shah Deniz Stage 2 project, Lighthouse said in a message posted on its website

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Azerbaijan: insurance company to increase authorized capital

Shareholders of Bashak Inam Insurance OJSC will discuss increasing the company’s authorized capital on December 22, the company said in a message

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Azerbaijan: UAE investors invited to work in industrial parks

Entrepreneurs of the United Arab Emirates (UAE) can use conditions created in Azerbaijan’s industrial parks, Azerbaijani Economy Minister Shahin Mustafayev said

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Turkmenistan to host international cotton fair

The sixth international cotton exhibition-fair and conference “Cotton Products of Turkmenistan and the global market” will be held in Ashgabat on December 3-4, the Turkmen government said in a message

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Ukraine: electricity consumption down in January-October 2016

Electricity consumption in Ukraine in January through October, taking into account losses in electricity transmission, fell by 2.3% or by 2.807 billion kilowatt-hours (kWh) YoY, to 120

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Ukraine: NBU sends 14 billion UAH to budget in November 2016

The National Bank of Ukraine (NBU) in November sent 14 billion UAH to the national budget, according to a posting about budget revenues as of November 17, posted on the website of the State Treasury Service

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Ukraine: AgMin grain harvest forecast revised

Grain harvest in Ukraine in 2016 would total 64 million tons, Agricultural Policy and Food Minister of Ukraine Taras Kytoviy has said. “We expect that this year we would have a record-breaking harvest of 64 million tons with the average yield of 44 hundredweights per ha”, the minister said

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Ukraine: 16.4 million tons of grain exported

Ukraine exported 16.4 million tons of grain since early 2016/2017 agricultural year (July-June) as of November 18. Ukraine’s Agricultural Policy and Food Ministry has reported that around 9

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Ukraine: IMF waiting for prosecution of corrupt high-level officials

The International Monetary Fund (IMF) is waiting for decisive steps particularly need to be taken to fight corruption from the Ukrainian authorities, including prosecuting and convicting corrupt high-level officials, the mission of the IMF said after visiting Kyiv on November 3-17

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Ukraine: charitable activities of religious organizations exempt from taxes

President of Ukraine Petro Poroshenko has signed the law on exempting charitable activity carried out by religious organizations from taxes. The press service of the Cabinet of Ministers noted Poroshenko signed amendments to the Tax Code of Ukraine concerning exemption from taxes of non-profit (charitable) activities, including humanitarian aid, charity, philanthropy, etc

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Ukraine: poultry imports from Austria banned

The State Service for Food Safety and Consumers’ Rights Protection has imposed a ban on imports of poultry and by-products from Austria

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Ukraine: NBU allows Finexbank self-liquidating

The National Bank of Ukraine (NBU) allowed the liquidation of Finexbank (Kyiv) at the initiative of the owners. According to the regulator’s website, on November 17, Finexbank had sufficient liquidity to make payments to clients

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Ukraine: government creating working group to analyze situation in aerospace sector

Ukraine’s Cabinet of Ministers is creating an ad hoc working group to analyze the situation in the aerospace sector and draw up mechanisms for increasing its management efficiency, Ukrainian Prime Minister Volodymyr Groysman has said

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Business World Magazine via e-mail

Every day (except for week-ends and holidays) You can receive the Business World Magazine as an *.html file via e-mail. Each issue has around 80 publications, analytics, statistics, forecasts and prices

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Ukraine has to increase the production of alternative crops

Ukrainian agrarians have to increase the share of alternative crops in the structure of agricultural production, including pulses, the Minister of Agrarian Policy and Food of Ukraine Taras Kutovyi declared

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Kazakhstan: nearly 7 million tons of grains exported in January-October 2016

Since the beginning of 2016, Kazakhstan exported nearly 7 million tons of grains including flour in grain equivalent, the Vice Minister of Agriculture of the Republic of Kazakhstan Gulmira Isayeva declared

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Armenia: Gazprom and Iran to increase gas supplies

Deputy Chairman of Gazprom Management Board Vitaly Markelov held talks with Iran’s Deputy Minister of Oil Amir-Hossein Zamani-Nia, who arrived in Moscow to convince Russian companies to invest in the Islamic Republic’s oil and gas projects

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USA: Konecranes and the Georgia Ports Authority celebrate 1000th RTG crane

On November 15, Konecranes and the Georgia Ports Authority (GPA) celebrated the 1000th RTG crane manufactured by Konecranes. The Port of Savannah took delivery of it in August at the Garden City container terminal

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Kyrgyzstan: EBRD provides loan for water upgrade

The European Bank for Reconstruction and Development (EBRD) is providing a loan for water upgrade in yet another Kyrgyz city, Kyzyl-Kiya under its framework to support water and wastewater modernization in the Kyrgyzstan, the bank reported

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Belarus: construction of waste separation plant completed in Grodno

The construction of a waste recycling and separation plant in Grodno with a rated capacity of 120,000 tons per year has been completed, an official at Grodno region administration reported

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Turkmenistan: Caspian littoral states mull transportation deal in Ashgabat

Ashgabat is hosting the 47th meeting of authorized representatives of the Caspian littoral states to discuss a draft agreement on cooperation in the field of transportation, the Turkmen government said in a message

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Belarus: Belsugar to hold open tender to purchase sugar beet seeds

Belarus’ sugar manufacturers association (Belsugar) is due to hold an open tender on December 2, to choose suppliers of 106,500 units of sugar beet seeds worth Br21

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Belarus: Belaruskali has enough contracts to work at full capacity till March 2017

The state-owned Belarusian company OAO Belaruskali has enough potash export contracts to operate at full capacity till March 2017, a Belaruskali representative reported

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Belarus: truck exports up in January-September 2016

Belarus increased truck exports 27.8% YoY in January-September to 3,843 units, Belstat said in a statistical report. In value terms, truck exports grew by 5

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Belarus and Pskov region enjoying growth in mutual trade

Belarus and Pskov region (Russia) demonstrated a considerable growth in the mutual trade in a number of positions. Cooperation prospects in various areas were discussed at the meeting of the Belarusian delegation led by Vice Premier Anatoly Kalinin with Pskov region governor Andrei Turchak, spokeswoman for the Belarusian Architecture and Construction Ministry Yevgeniya Filimonova reported

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Ukraine: Vodafone posts rise in revenues in Q3 2016

Vodafone Ukraine mobile operator (PrJSC MTS Ukraine) in July-September saw its revenues rise by 11.2% YoY, to 2.86 billion UAH. According to the operator, the number of Vodafone Ukraine subscribers as of the end of September reached 20

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Azerbaijan to increase share of renewable energy

Azerbaijan plans to increase the share of alternative and renewable energy sources in the country’s energy balance from the current 16% to 20% until 2020, Rauf Gurbanov, deputy head of department of economy and governmental programs at the State Agency on Alternative and Renewable Energy, said

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Azerbaijan more than important in ensuring energy efficiency

Azerbaijan is more than important in ensuring energy efficiency, Erik Somelar, Councellor for Energy at the Delegation of the European Union to Azerbaijan, said

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Azerbaijan to increase energy efficiency by 2020

Azerbaijan intends to increase energy efficiency by 20% till 2020, Director of the Institute for Scientific Research on Economic Reforms (ISRER) under the Ministry of Economy of the country Vilayat Veliyev said

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Ukraine: Q3 GDP growth sign of economic recovery

Ukraine`s GDP grew by 1.8% YoY in the third quarter of 2016, which was a sign of economic recovery in the country. Ukrainian Vice Prime Minister – Economic Development and Trade Minister Stepan Kubiv stated this at a meeting dedicated to the Strategy for Small and Medium Enterprises Development till 2020

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Austria: OMV eyes asset swap deal with Gazprom by 2017

Austrian firm OMV CEO Rainer Seele is sure that an asset swap deal with Russian gas giant Gazprom will be signed by the end of the year. Gazprom signed an asset swap agreement with OMV in April

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World: markets fluctuate amid uncertainty after Trump wins

Asian markets were hit by fresh volatility on November 17, as uncertainty permeates trading floors after Donald Trump’s shock election win, while the dollar pushed back up on expectations of a US interest rate hike

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Turkmenistan: Ashgabat and Seoul mull prospects of co-operation

Turkmenistan and South Korea discussed the issues of cooperation in Seoul, the Turkmen Foreign Ministry reported. The discussion in a multilateral format was held during the ninth “Republic of Korea-Central Asia” cooperation forum, held at the level of deputy foreign ministers from the Central Asian countries and South Korea

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Armenia: FM refrains from elaborating on inclusion into European common aviation area

Armenian Foreign Minister Edward Nalbandian declined to elaborate on the country’s inclusion into the European common aviation area. At the press conference on the results of the eighth non-official meeting of the Foreign Ministers of Eastern Partnership countries held in Yerevan, the Armenian FM noted that in the future talks on joining the common aviation area were expected to kick off

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Kazakhstan has no plans to cut output at Kashagan

Kazakhstan’s Energy Minister Kanat Bozumbayev said he had been negotiating with OPEC, but he believed the central Asian energy giant had already cut output enough this year

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Ukraine: economy starting to recover

Ukraine’s economy is starting to recover, while the government is paying every effort to maintain and accelerate that growth as well as reinvest it into the quality of people’s lives

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Ukraine: grain production exceeds 56 million tons

As of November 1, in Ukraine the production of grains and pulses totaled 56.106 million tons in bunker weight, up by 0.1% YoY, the State Statistics Service of Ukraine declared

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Belarus: Azerbaijan shows interest in agro-towns and food industry

Azerbaijan is showing interest in the Belarusian experience of developing agro-towns and the country’s food industry. The matter was discussed at a meeting between Belarus Vice Prime Minister Mikhail Rusy and the Azerbaijani delegation led by Ganja Mayor Elmar Valiyev on November 16

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Ukraine: over 59 million tons of grains harvested

As of November 15, Ukrainian agrarians harvested 59.285 million tons of grains throughout the areas of 13.279 million ha, or 93% of the plan

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Azerbaijan: ADB invited to get stake in local companies

The Asian Development Bank (ADB) can act as a shareholder in Azerbaijani companies, the country’s Economy Minister Shahin Mustafayev said

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Azerbaijan among main transit countries for goods supply

Azerbaijan did a great job to ensure efficiency in transit transportations, Counselor for Economic Affairs at the US Embassy Carter Wilbur said

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Belarus: Belorusneft to step up oil extraction in Ukraine

The Belarusian industrial group Belorusneft will use a new technology of its own design to rack up oil extraction in Ukraine, the company’s press service reported

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Ukraine: foreign companies ready to invest in railcars on certain terms

Falling grain deliveries by trucks have resulted in a heavier load on railways. At the same time, the railcar fleet, which consists of 11,500 to 13,000 grain-carrying cars according to different estimates, constantly shrinks and is 95% worn-out

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Belarus: companies invited to participate in Russian industrial zone project in Egypt

Enterprises of the Belarusian Industry Ministry are invited to take part in the project to set up a Russian industrial zone in Egypt. The project was presented during the latest session of the joint board of the Belarusian Industry Ministry and the Russian Industry and Trade Ministry in Moscow

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Belarus to formalize intended figures of food export to Russia

Plans have been made to adopt a document formalizing the intended figures of food export to Russia in February 2017, Belarusian Agriculture and Food Minister Leonid Zayats reported

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Belarus: jet fuel deliveries to Ukraine resumed

Belarus has resumed the deliveries of jet fuel produced by OJSC Naftan to Ukraine, Commercial Director of CJSC Belarusian Oil Company (BNK) Sergey Grib has said

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Ukraine: over 13 MMT of sunseed harvested

Ukrainian farmers are completing sunseed harvesting. As of November 14, they harvested 5816 thousand ha, or 98% of the intended area (5916.2 thousand ha)

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