Business World Magazine: пятница, декабря 30, 2016

Business World Magazine

30.12.2016

Ukraine: linseed exports up in November 2016

Linseed exports from Ukraine totaled 4.8 KMT in November, up by 14% MoM (4.2 KMT) and by 7% YoY (4.5 KMT). Despite November’s upward trend in exports, their three-month total amounted to just a third of the volume exported in the same period last year: 13

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Belarus: Minsk seeks comprise in gas dispute with Russia

Belarus expects to reach a compromise in an oil and gas dispute with Russia no later than in the first quarter of 2017, Belarusian Deputy Prime Minister Vladimir Semashko said

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Kazakhstan: farmers collect nearly 24 million tons of grain

The gross grain harvest in Kazakhstan this year was 23.7 million tons, up almost by 4 million tons YoY. Kazakh farmers have also harvested 3

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Kazakhstan: FCC raises procurement prices for oilseeds

The Food Contract Corporation procurement prices for sunseed, rapeseed and linseed were adjusted upwards (on average by 6%). Procurement prices for soybeans were left unchanged

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Ukraine: record volumes of sunflower oil exported in November 2016

In November Ukraine exported record volumes of sunflower oil at 535.6 thousand tons, up by 23% MoM and by 44% YoY. During the first 3 months of the season-2016/2017 (September-November) the country exported 1

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Russia: Krasnoye Sormovo shipyard completed first series of TSHD1000 ships

Krasnoye Sormovo shipyard (United Shipbuilding Corporation) has completed the series of Russia's first dredgers of TSHD 1000 design having delivered the Kadosh to FSUE Rosmorport

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Moldova: budget revenue down in January-November 2016

In January-November the revenue of Moldova’s state budget was MDL 24 billion 953 million, down by 0.9% YoY (MDL 234.7 million). The State budget expenditures were MDL 28 billion 230

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Moldova: internal state debt up in January-November 2016

In January-November Moldova’s internal state debt increased by MDL 14.47 million (3 times) to MDL 21 billion 695.7 million. The increase was caused by the rise in state securities to be placed on the primary market by MDL 1 billion 129 million and the issue of state securities worth MDL 13 billion 341

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Ukraine: Nibulon agricultural output up in 2016

In 2016 Nibulon increased its agricultural production volumes by 10% YoY, to 340 thousand tons, the press-service of the company declared. According to the Deputy General Director of agricultural production Kostiantyn Khmelnytskyi, early spring crops vegetation, prolonged spring with low air temperatures, rains at the end of spring and in the first half of summer, had a good impact on the harvest results of early grain crops

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Ukraine: government allows higher medicine sale prices before February 2017

Ukraine’s Cabinet of Ministers has allowed the sale of ending stocks of medicines eligible to reimbursement. They were delivered to pharmacy chains at the wholesale prices exceeding the upper limit set in Ukrainian law before February 1, 2017

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Belarus: first Azerbaijani shop to open in 2017

The first Azerbaijani shop selling the country’s national products will open in Belarus in 2017, said Gennady Ahramovich, ambassador of the Republic of Belarus to Azerbaijan

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Kazakhstan: FDI up in 2016

Foreign direct investment in the country increased by 4.7% to 6 trillion tenge ($18.12 billion) in January-November, according to Kazakh Minister of National Economy Kuandyk Bishimbayev

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Moldova: control of milk and dairy quality to be toughened

This is provided for by the methodology for appraisal of quality of milk and dairy products approved by the government. It comes into effect in 2 years after being published in Monitorul Oficial

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Ukraine: CNBM to challenge Rada’s decision in international court to cut feed-in tariff for solar power plants

China’s CNBM International Corporation is mulling the challenging of the decision of Ukraine’s Verkhovna Rada to cut the feed-in tariff for large solar power plants in an international arbitration court, CNBM International Corporation Board Chairman Jinsong Zhang reported

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Belarus to process Azerbaijani oil at its refineries

Belarus is interested in processing Azerbaijani oil at its refineries, Gennady Ahramovich, Belarusian ambassador to Azerbaijan, said. He said that this year Azerbaijan very timely delivered 85,000 tons of oil, which made it possible not to interrupt the production cycle of the Mozyr refinery

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Belarus: margarine output up in October 2016

According to the National Statistics Committee of the Republic of Belarus, output of margarine and similar food products increased to 1.5 KMT in October from 1

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Ukraine: slump in soyoil production for the time in five seasons

While sunseed processing and sunoil output in Ukraine show a record fast pace, hitting new highs every month, soybean crushing and soyoil production by oil extractors keep lagging behind last year

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Azerbaijan and Belarus to increase vehicle and machinery exports

Azerbaijan and Belarus are working to increase the export of vehicles and agricultural machinery, produced at the Ganja Automobile Plant, to the third parties, Gennady Ahramovich, Belarusian ambassador to Azerbaijan, said

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Moldova: Cricova winery assets to be assessed

A special commission to assess and re-demarcate the cultural and national heritage sites of the Cricova winery has been created. The commission is headed by Deputy Minister of Agriculture and Food Industry Vasile Luca

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Ukraine: 39 agricultural enterprises enter EU market

Following the results of 2016, 277 Ukrainian agricultural enterprises have been working on the European market, while their number was 238 in 2015, Ukrainian Agrarian Policy and Food Minister Taras Kutovyi has said

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29.12.2016

Ukraine: government presents action plan until 2020

Ukraine’s Cabinet of Ministers has presented an action plan for 2017-2020. “We have promised that at the end of 2016 we would propose the medium term action plant that would help to clearly determine tasks, priorities and goals we want to achieve

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Kazakhstan: record volumes of vegetable oils produced in November 2016

According to the Agency of Statistics of the Republic of Kazakhstan, in November the production volumes of vegetable oils reached record figures – 34

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Kyrgyzstan: general grain harvest down in 2016

In the current year, the general grain harvest in Kyrgyzstan totaled 1.66 million tons, down by 5.5% YoY, the UN Food and Agriculture Organization (FAO) informed

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Ukraine: Cabinet issues 8 billion UAH loan to Deposit Guarantee Fund

The Cabinet of Ministers has decided to issue a loan in the amount of 7.941 billion UAH to the Individuals’ Deposit Guarantee Fund. The corresponding decision is stipulated in the government resolution No

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Kazakhstan: two more Su-30SM fighter jets delivered

Kazakhstan took delivery of a new batch of Su-30SM multirole fighter jets, the press service of the Kazakh Defense Ministry announced. These are the 5th and 6th Su-30SM fighter jets delivered to the Kazakh Air Force, after the country ordered an undisclosed number of aircraft in February 2015

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Kazakhstan: purchase prices of the FCC help maintain grain prices at optimal levels

Expected prerequisites for a sag in wheat and barley prices were seen in late November and early December. This was contributed to mostly by an increasing number of grain offers from growers who had to settle their liabilities due in the year’s end (loans, taxes etc

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Kazakhstan: grain exports up in December 2016

Kazakhstan supplied 7.9 MMT of grain to foreign markets in 2016 as of December 20, said the nation’s vice ag minister. This is 12% more than last year

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Ukraine: draft resolution approving new national list of key medicines published

Ukraine’s Health Ministry has published a draft resolution amending government resolution No. 333 dated March 25, 2009 that would approve of the new national list of key medicines

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Estonia: electricity network fees to be lowered

The Competition Authority of Estonia released a conclusion that the cost of electricity distribution services of electric grid operator Elektrilevi was not adjusted to their current costs and should be lowered by 6

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Georgia: airline accuses Russia’s Pobeda Airlines of dumping

Pobeda Airlines, Russia, left the Georgian civil aviation market with dumping prices, says Givi Davitashvili, Director General, Georgian Airways

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Ukraine: corn exports up in November 2016

According to official information, Ukraine exported roughly 2231.6 KMT of corn in November, up by 19% YoY (1878.8 KMT). Ukrainian corn exports picked up pace by 9% in Q1 2016/2017 against the same period a year ago

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28.12.2016

Ukraine: over 35% of goods exported to EU

Export of Ukrainian goods and services to the European Union countries amounted to 35.7% in January-September, Deputy Economic Development and Trade Minister of Ukraine Natalia Mykolska said

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Moldova: amendments to Road Fund pass 1st reading

The MPs have approved of the amendments to the law on Road Fund and the law on local public finance in line with which the money for maintenance of local roads is to be diverted to local budgets by clear and transparent criteria

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Ukraine: TogliattiAzot ammonia transit to restart in 2017

Ukraine’s state ammonia transportation firm Ukrkhimstransammiak and Russian chemicals producer TogliattiAzot may sign an agreement to resume transit of TogliattiAzot’s ammonia via Ukraine after the New Year holidays, First Deputy Prime Minister Stepan Kubiv said

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Ukraine: agricultural turnover with Egypt reaches 1 billion UAH

In January-October commodities turnover in the agrarian sphere between Ukraine and Egypt reached 1 billion UAH, the Deputy Minister of Agrarian Policy and Food of Ukraine for European Integration Olga Trofimtseva declared at a meeting of the Egypt-Ukraine Business Council with the participation of the Ambassador of Egypt to Ukraine Hossam Eldeen M

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Azerbaijan and Iran to mull expansion of co-operation in banking sphere

Azerbaijan intends to expand cooperation with Iran in banking sphere, Azerbaijan’s Economy Minister Shahin Mustafayev said. The banking sphere is one of the most prospective directions for the expansion of the Azerbaijani-Iranian cooperation, the minister said

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Azerbaijan and Iran to mull North-South corridor’s implementation

Azerbaijan and Iran will discuss the second stage of implementation of the International North-South Transport Corridor, Azerbaijani Economy Minister Shahin Mustafayev said

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Azerbaijan-Iran drug plant’s foundation to be laid in January 2017

Foundation of the Azerbaijan-Iran joint pharmaceutical plant in the Pirallahi Industrial Park will be laid in January 2017, Azerbaijani Economy Minister Shahin Mustafayev said

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Ukraine jointly with U.S. reforming automated exports control system

Ukraine has started reforming the automated system of the State Exports Supervision Service and the reforms are being carried out with support of the United States, First Deputy Prime Minister, Economic Development and Trade Minister Stepan Kubiv has said

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Latvia: 7% of Latvians pessimistic about 2017

46% of Latvian residents believe 2016 was a successful year for Latvia. In regards to 2017, more than two thirds of respondents said next year might be as equally as successful as 2016 if not more so

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Turkmenistan joining ICAO Public Key Directory

Turkmenistan’s President Gurbanguly Berdimuhamedov has given instructions to the State Migration Service to ensure the realization of measures related to the country’s accession to the International Civil Aviation Organization’s Public Key Directory (ICAO PKD), the Turkmen government said in a message

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Ukraine: Minister Omelian approves of Ukrzaliznytsia’s financial plan

The Ukrainian Infrastructure Minister has approved of a financial plan of Ukrzaliznytsia PJSC for 2017 to prevent the company’s shutdown, although it is “obviously weak”, the ministry’s press service stated on its Facebook page

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27.12.2016

Ukraine: Cabinet approves of agreement with EC on financing nuclear safety program

The Cabinet of Ministers has approved of a draft agreement with the European Commission on financing the annual program on nuclear safety 2015, according to the governmental online portal

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Azerbaijan: entrepreneurs to visit Iran

Azerbaijani entrepreneurs will pay a visit to the Iranian cities of Tabriz and Ardabil on January 14-17, 2017, the Azerbaijan Export and Investments Promotion Foundation (AZPROMO) said in a message

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Azerbaijan to put 60 enterprises for privatization

The State Property Issues Committee of Azerbaijan will hold the next auction on state property privatization on January 24, 2017, the committee said in a message

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Azerbaijan to create about 10,000 jobs in construction

Azerbaijan’s government plans to create almost 10,000 new jobs in the construction sector, says the Strategic Road Map for the development of housing provision at a reasonable price in the Republic of Azerbaijan

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Ukraine: seaports grain exports up in mid-late December 2016

On December 17-23, Ukraine exported 761.5 thousand tons of grains from the seaports against 670.1 thousand tons on the previous week. In particular, wheat shipments reached 322

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Azerbaijan: priority areas for Poland’s investments disclosed

Agriculture, tourism, oil industry, chemical industry, industrial parks are priority areas for Poland’s investments, Azerbaijani Minister of Energy Natig Aliyev said

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Azerbaijan to bolster leasing market

A bill “On Leasing Activities” will be drafted in Azerbaijan in 2017, says the Strategic Road Map for the Manufacture of Small and Medium Entrepreneurship-Level Consumer Goods in Azerbaijan

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Azerbaijan: Azer Turk Bank’s ‘Joint Future’ campaign underway

The “Joint Future” campaign of Azer Turk Bank goes on. Many students studying abroad benefit from this campaign. The “Joint Future” campaign started on July 4

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Ukraine: grain and sunflower stocks exceed 28 million tons

As of December 1, agricultural enterprises and grain storage and processing enterprises of Ukraine stored 28.428 million tons of grains and sunflower seed, down by 2

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Iran: 30 billion euros worth of credit ready

An Iranian-Chinese credit worth 30 billion euros has been prepared and is ready, Iranian Mines & Mining Industries Development & Renovation (IMIDRO) CEO Mehdi Karbasian said

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Kazakhstan: food and agricultural producers present their products in China

25 Kazakhstani companies presented their products on the Chinese market. Representatives of more than 120 companies from Beijing, Shandong, Henan, Shanxi and China’s other regions pointed out the high quality of products and agricultural goods produced in Kazakhstan

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Ukraine: GDP growth in 2016 at 1.5%

Ukraine’s GDP growth in 2016 totals around 1.5%, Ukrainian Prime Minister Volodymyr Groysman has said. “This year we will have growth of around 1

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26.12.2016

Ukraine: over 21 million tons of grains exported

Since the beginning of 2016/2017 MY and as of December 22, Ukraine exported 21.2 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: Mogilevliftmash exports up in January-November 2016

Belarus’ OAO Mogilevliftmash elevator plant reports a 15.3% increase in exports in January-November to $106.9 million, a company representative reported

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Kazakhstan: bearish export prices for wheat flour predominate

During two recent weeks the export market of wheat flour in Kazakhstan demonstrated a bearish price trend. According to the analysts, this is largely due to lowering demand for the product from major countries-importers

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Kazakhstan: average grain yield up

In 10 recent years the average grain yield in Kazakhstan increased by 30%, from 1.02 ton/ha to 1.33 ton/ha, the Ministry of Agriculture of the Republic of Kazakhstan declared

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Ukraine and Spain to expand cooperation in space monitoring

Ukraine and Spain are developing bilateral cooperation in the space sector and preparing a program of partnership in the field of Earth remote sensing

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Kazakhstan: growers in the North produce 0.5 MMT of oilseeds

Growers in North Kazakhstan region reported the 2016/1207 harvest results. In 2016, total crop planted area expanded by 9 thousand ha from last year, to 4375

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Ukraine: flour production down in November 2016

Flour production in Ukraine continued shrinking in November: 176.1 KMT was produced last month, down by 6.4% YoY. Ukrainian flour output for the eleven months of 2016 was down by 5% YoY

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Ukraine: expansion of EU exports quotas top priority for government

The expansion of EU exports quotas for Ukrainian goods is a top priority for the Ukrainian government, Deputy Minister of Economic Development and Trade, Ukraine’s Trade Representative Natalia Mykolska has said

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Estonia working on attracting foreign ships to register under its flag

Estonian Maritime Administration continues its work on a push to attract shipping firms to register their ships in Estonia by offering e-registration and a reduced tax burden

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Ukraine: Cabinet looking for options to provide for steady operation of Odessa Port-Side Plant

Odessa Port-Side Plant is in the hardships today due to the unfavorable situation on the global fertilizer market, ineffective management and using it in the corruption purposes and for various frauds, Ukrainian Prime Minister Volodymyr Groysman has said

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Ukraine: IMF meeting on next tranche to be held in January 2017

The meeting of the Board of the International Monetary Fund (IMF), which will consider granting Ukraine the next tranche under the EFF program, may be held in late January 2017, Finance Minister Oleksandr Danyliuk has said

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Azerbaijan: cereal production to reach new record in 2016

Total cereal production is anticipated to reach a new record in 2016. Most of the increase is due to a well above-average wheat crop production, which is estimated to rise by 40% from the 2015 level

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Belarus: Amkodor to assemble up to 50 power loaders per month in Bryansk in 2017

Amkodor-Bryansk Ltd, a Russian affiliate of Minsk-based OAO Amkodor, plans to assemble 30 power loaders per month in 2017, the Russian companies said in a press-release

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Ukraine: slump in soyoil production seen for the first time in five seasons

While sunseed processing and sunoil output in Ukraine show a record fast pace, hitting new highs every month, soybean crushing and soyoil production by oil extractors keep lagging behind last year

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23.12.2016

Ukraine: Nibulon receives loan to improve infrastructure

Nibulon, one of Ukraine’s largest grain production and trading companies, will receive a 71 million euros loan to help improve its infrastructure as part of a 600 million euros loan package announced by the European Investment Bank (EIB) on December 19

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Moldova: FRI gets the right to prospect oil and gas deposits

Cabinet approves of the concession of the right to prospect oil and gas deposits in the south of Moldova to Frontera Resources International, the USA

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Estonia: lenders continue working on positive credit rating register

Lenders in Estonia are continuing to build a common positive credit rating register to enable banks and creditors assess the ability of upcoming clients to repay their debts

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Estonia: milk and pork purchase prices recover

Over the first nine months of 2016 purchase prices have slightly recovered with farmers being able to sell milk 2.5% higher and pork – 9% higher, the Estonian Rural Affairs Ministry found in a survey

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Ukraine: 2017 state budget passed

Overnight into December 21, the Verkhovna Rada (Parliament) passed the state budget for 2017. Fiscal revenues for 2017 are envisaged at 721.4 billion UAH and expenditures at 790

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Latvia: more than 1 million tons of coal handled at the Freeport of Riga

Freeport of Riga Authority says 33.3 million tons of cargo was handled at Riga port during 11 months of the current year, down by 8.6% YoY, while total cargo turnover decrease compared to last year continues to decline

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Latvia: residents pessimistic about chances of finding good jobs

As the year comes closer to its end, residents become more and more positive. Compared with October, residents’ overall prediction for the future has improved by three points

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Kazakhstan: flour exports hitting a five-year high

In October Kazakhstan continued exporting flour at the fastest pace in five years. 248.1 KMT of flour was supplied to foreign markets, up by 33% YoY

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Ukraine: sunoil production far ahead of previous seasons

Ukraine’s crushers have substantially boosted sunoil output this season (2016/2017). Sunoil production has been showing a record fast pace for a third consecutive month now, hitting new highs every month

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Kazakhstan: major volumes of produced flaxseed oil exported

To date Kazakhstan exports the major volumes of domestically produced flaxseed oil, the Chairman of the Board at Atameken-Agro JSC Arthur Akhmetov declared

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Kazakhstan: agricultural production volumes up in January-November 2016

In January-November in Kazakhstan the general volumes of agricultural production totaled 3.4 trillion KZT, and the quantity index number increased by 4

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Ukraine: Rada backs agriculture in 2017 with 5.5 billion UAH

Support of agriculture from the 2017 national budget would be around 5.5 billion UAH, Ukraine’s Agricultural Policy and Food Ministry has reported

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22.12.2016

Ukraine: palm oil imports up in September-November 2016

According to the official customs figures, in September-November period of 2016/2017 MY Ukraine imported 81.6 thousand tons of palm oil, up by 67% YoY (48

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Latvia: Freeport of Riga ready for winter and ice navigation

According to the Regulations of the Cabinet of Ministers winter navigation in all Latvian ports begins on December 15, and ends on April 15, says Freeport of Riga Authority

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Ukraine: export prices for milling wheat up in mid-December 2016

Export prices for Ukrainian milling wheat went up again, though slightly, in view of growing Chicago wheat futures and shrinking supply of Ukrainian wheat on the world market

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World: four countries sign a memorandum to develop the Trans-Caspian route

In the course of a quadruple meeting with participation of Azerbaijani Railways Head Javid Gurbanov, Kazakhstani Railways President Kanat Alpysbayev, Turkish Railways CEO Veysi Kurt and Georgian Railways Chairman Mamuka Bakhtadze, the parties discussed the development prospects of the Trans-Caspian international transport route, issues of increasing freight traffic along this route and optimization of tariffs

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Ukraine: soybeans exports in November 2016

In November Ukrainian soybean exports revived and their monthly total hit a record high. 537.6 KMT of soybeans were exported in November, or almost three times as much as in October (192

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Ukraine: EBRD providing up to EUR 8 million to Kremenchuk to buy 50 new trolleybuses

The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to EUR 8 million to Kremenchuk municipal trolleybus company (KTU) for the acquisition of 50 new low-deck trolleybuses, including spare parts and maintenance tools, as well as the workshop maintenance and diagnostic equipment for the new fleet, the press service of the EBRD has reported

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Ukraine: agricultural production to grow in 2016

In 2016 agricultural commodities production in Ukraine will increase by 3%, the Ministry of Economic Development and Trade of Ukraine declared

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Ukraine: court declares Odessa CHPP bankrupt

The commercial court in Odessa region has declared public joint-stock company Odessa combined heat and power plant (CHPP) bankrupt and launched a liquidation procedure for the period of 12 months

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World: CBOT corn futures strengthen

On December 8-15, CBOT corn prices strengthened by 0.8%. Last week US corn export prices (January delivery) strengthened by $2/MT, while Argentinean and Ukrainian corn supply prices remained unchanged

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Turkey: Bunge increasing assets

Bunge Company intends to increase its presence in Turkey’s vegoils market, having bought shares of the producing company called Ana Gida Ihtiyac Maddeleri ve Sanayi Ticaret

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Ukraine: selling prices of agricultural products up

In January-November the average selling prices of agricultural enterprises for agrarian products increased by 9.3% YoY, the press-service of the State Statistics Service of Ukraine declared

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Baltic States: housing affordability improves only in Riga

In Q3 Riga was the only Baltic capital where housing affordability had improved in comparison with the same period of 2015. Growth of average net wages and decline of interest rates contributed to the improvement of housing affordability

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Latvia: Riga Freeport to retain stable positions among Baltic ports

On December 20, Riga Freeport Authority approved of the budget for 2017 in accordance with goals listed in Development program 2009-2018. Planning the next year’s budget revenue section, participants of the meeting took into account the cautious cargo turnover outlook, which was based on cargo turnover plans submitted by stevedore companies

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Latvia: amendments to Micro-enterprise Tax Law to come into effect in 2017

Starting from 2017, micro-enterprise tax rate in Latvia will be 15% of turnover. At the same time, the government has decided to cancel the introduction of minimal social insurance fees

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Ukraine: parliament liberalizes Tax Code

Ukraine’s Verkhovna Rada has approved at second reading bill No. 5368 liberalizing the Tax Code. A total of 240 lawmakers backed the document

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Latvia: alcohol market to be affected by legislative changes in neighboring countries

Latvia’s alcohol market will be affected by changes in legislative regulations and import prices in neighboring countries next year, spokesperson of Liviko alcoholic beverages importer and wholesale trade company and Latvian Alcohol Industry Association Gennady Klepikov reported

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Ukraine: agricultural trade with Egypt reaches $1 billion

Over the ten months of 2016 turnover in the agriculture sector between Ukraine and Egypt has reached $1 billion. Deputy Agrarian Policy and Food Minister of Ukraine on European Integration Olha Trofimtseva stated this during the Ukrainian-Egyptian Business Forum and a sitting of the Ukrainian-Egyptian Business Council with participation of Ambassador of Egypt to Ukraine Hossam Eldeen M

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Europe: ADM to expand capacities for deep corn processing in the Black Sea region

ADM Company is planning to significantly expand capacity of its corn processing facilities in Turkey and Bulgaria by the end of the first half of 2018

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Ukraine: 2% cash currency purchase tax revoked

Ukraine’s Verkhovna Rada has revoked 2% pension tax imposed on cash currency purchase transactions. The requirement is outlined in bill No

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Ukraine: record volumes of sunflower seed exported in November 2016

According to the official customs statistics, in November Ukraine exported 80.5 thousand tons of sunflower seed, down by 3% YoY (83.3 thousand tons), which became a record result of monthly shipment for 6 recent seasons

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Ukraine: Rada increases basic excise duty for petrol

Ukraine’s Verkhovna Rada has endorsed bill No. 5132 increasing the basic excise duty for petrol by 24.5% or EUR 42, to EUR 215.50 per 1,000 liters

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21.12.2016

Ukraine: prospects of oilseed production in 2017/2018 season

The interest in oilseeds growing has strengthened considerably over the last decade. As a result, plantings for MY 2016/2017 expanded to 8.9 million ha against 6

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Europe: ECSA adopts position on policy for the Arctic

European shipowners welcomed earlier this year the adoption of the integrated European Union policy for the Arctic region, ECSA said in its press release

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Russia: 7% cell clients change operators in H1 2016

About 7% of Russian mobile subscribers changed their operators in January-June as compared to 4-5% of users who switched to other operators within six months in several previous years, according to a Deloitte research

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Russia: Su-34 fighter bombers squadron set up in Far Eastern Khabarovsk region

A squadron of the newest Sukhoi Su-34 fighter bombers has been set up in the air regiment of Russia’s Eastern Military District deployed to the Khabarovsk region, head of the district press service Colonel Alexander Gordeyev said

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Ukraine: Statistics Service improves forecast for GDP growth in Q3 2016

Ukraine’s real gross domestic product (GDP) in the third quarter of 2016 increased by 2% YoY, which is 0.2% higher than the previously made assessment, according to the website of the State Statistics Service of Ukraine

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Europe: wheat consolidating its grasp on Asian markets

The season of 2016/2017 was marked by another rich total harvest of wheat in many of major wheat exporting countries (the harvest even hit a record high in some of them)

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Ukraine: Poroshenko and Lagarde coordinate steps within EFF program

Ukrainian President Petro Poroshenko had a telephone conversation with the Managing Director of the International Monetary Fund (IMF) Christine Lagarde, the press service of the Ukrainian president has said

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Ukraine: Poroshenko reckons on further development of economic cooperation with Saudi Arabia

President of Ukraine Petro Poroshenko reckons upon further development of economic cooperation between Ukraine and Saudi Arabia, in particular in the aircraft industry

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Ukraine: Omelian expects to sign joint Air Space agreement with EU in 2017

Infrastructure Minister of Ukraine Volodymyr Omelian expects to sign an agreement on the joint Air Space with the European Union in 2017. “I decided to personally conduct consultations with Madrid and London in order to clearly make the message on the part of Ukraine, that this treaty has technically outgrown its format and turned into political format

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Ukraine: NCER to cut Ukrenergo tariff for 2017

The National Commission for State Regulation of Energy, Housing and Utilities Services (NCER) will reduce the average tariff of Ukrenergo for 2017 by 4

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Ukraine: over 1.3 million tons of sunflower oil exported in September-November 2016

According to the December balance sheets by NGO “Economic discussion club”, coordinated by the Interdepartmental working group under the Ministry of Economic Development of Ukraine, in September-November the export volumes of sunflower oil from Ukraine totaled 1

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Ukraine: Naftogaz sees almost 110-fold rise in net profit in January-September 2016

National joint-stock company Naftogaz Ukrainy saw a 109-fold rise in net profit (by 25.287 billion UAH) in January-September, to 25.521 billion UAH, according to an audited report posted on the company’s website

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Kazakhstan: sunseed exports down in October 2016

Kazakhstan exported 9 KMT of sunseed in October. Although this year’s October deliveries are 6% lower than in the same month in MY 2015/2016, the sunseed market became generally larger for the two months

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Kazakhstan: 7.9 million tons of grains exported

Since the beginning of 2016 and as of December 20, Kazakhstan supplied 7.9 million tons of grains to foreign markets, up by 12% YoY, the First Vice-Minister of Agriculture of the Republic of Kazakhstan Kairat Aituganov declared

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Kazakhstan: grain stocks total 16.6 million tons in December 2016

As of December 1, the registered carry-over stocks of grains and pulses in Kazakhstan totaled 16.637 million tons (down by 2.2 million tons YoY), the Statistics Committee of the Ministry of National Economy of the Republic of Kazakhstan reported

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Ukraine: nearly 19 million tons of grains exported in July-November 2016

According to the data of the customs statistics, in July-November Ukraine supplied 18.8 million tons of grains to foreign markets, up by 6.8% YoY

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Ukraine: rapeseed condition suggests good winter survival

Last week’s weather featured low night temperatures (down to -15 degrees C) early in the week with adequate snow cover (up to 10-23 cm), a sharp brief (2 days) rise in average daily temperatures to +5 C in the south with full snow melting, their sharp drop to 2-5 C below zero on December 11-13, with simultaneous formation of up to 4-23 cm-high snow cover

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Ukraine: G7 ambassadors welcome decision to nationalize PrivatBank

Ambassadors of the Group of Seven (G7) countries have praised the Ukrainian government’s decision to nationalize PrivatBank and expressed their hope for strengthening the country’s banking sector

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Bulgaria: corn harvesting finished

According Bulgarian Ministry of Agriculture, as of December 8, 422.6 thousand ha of corn were threshed, or 100% of the plan (422.8 thousand ha)

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Ukraine: energy priorities for 2017

Representatives of political, business and expert circles have discussed the progress of Ukrainian energy reforms, the role of new strategic partnership in this area and priorities for 2017 at an international high-level conference on the new EU-Ukraine strategic partnership in energy and the role of business in this process in Brussels

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20.12.2016

Ukraine: agricultural exports reach nearly $12 billion in 2016

Exports of Ukrainian agricultural products amounted to nearly $12 billion in 10 months of 2016. This is reported by the press service of the Agrarian Policy and Food Ministry of Ukraine

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Ukraine: nationalization saves PrivatBank and entire banking system

Ukrainian President Petro Poroshenko said that the situation with PrivatBank (Dnipro) was not only a threat to itself, but to Ukraine’s entire banking system

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Europe: Latvia becomes leader in alternative loan industry

This year, Latvia climbed to the third place among countries of continental Europe in regards to loans issued online. France and Germany are ahead of Latvia in this industry

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Ukraine: IMF chief calls PrivatBank nationalization an important step to maintain fiscal stability

Managing Director of the International Monetary Fund (IMF) Christine Lagarde has welcomed the decision of the Ukrainian government and the National Bank of Ukraine on the nationalization of PrivatBank, the largest bank in the country, as it is an important step to ensure financial stability

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Ukraine: Boryspil airport’s financial plan for 2016 revised

Ukraine’s Cabinet of Ministers has approved of amendments to the financial plan of the state-run enterprise Boryspil International Airport for 2016 in resolution No

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Ukraine: EBRD to form new team of top managers at PrivatBank

The European Bank for Reconstruction and Development (EBRD) has taken part in forming a new team of top managers of PrivatBank (Dnipro), Ukrainian President Petro Poroshenko has said

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Ukraine: FUIB begins the disbursement of funds to depositors of the PJSC “Bank Mykhailivskyi”

Starting on December 16, First Ukrainian International Bank (FUIB) began to disburse the guaranteed amounts of deposits to the customers of PJSC “Bank Mykhailivskyi”, that is to individuals whose funds were subject to compensation by the Private Deposit Guarantee Fund

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Latvia: farmers and food industry representative predict a nervous 2017

There could be a price increase on dairy products, coffee, oils and oranges next year. This can be explained with trends on world markets. On Latvia’s local markets, however, there could be a price increase for bread, head of Agricultural Resources and Economics Institute’s department Inguna Gulbe said

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Belarus: FEZ Minsk registers composite materials manufacturer

Minsk Free Economic Zone (Minsk FEZ) hosted a resident – NanoComposite, which planned to produce polymer materials with nano particles

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Azerbaijan: wheat imports up in January-October 2016

In January-October the import volumes of wheat to Azerbaijan totaled 1.268 million tons, up by 9% YoY, the State Statistical Committee of the Republic of Azerbaijan reported

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Ukraine: available gas reserves enough for 2016-2017 winter

The gas reserves available in Ukraine are enough to go through the 2016-2017 winter season, energy holding Naftogaz Ukrainy said in a statement

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Kazakhstan: production of flaxseed oil reaches historical record

Due to expansion of the planted areas of flaxseed in Kazakhstan and the growth of its production volumes, the country managed to increase its processing volumes

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Moldova: excise taxes on oil products to increase

Excise taxes on oil products in Moldova will increase more than expected in the next three years. This is stipulated by the fiscal policy for 2017 passed by the Parliament of Moldova in the final reading

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Europe: anti-Russian sanctions officially prolonged

The E.U. has official prolonged its anti-Russian sanctions for six months until July 3, 2017 from December 31, 2016, the E.U. Council said in a statement

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Estonia: MPs pass series of tax changes

The members of Riigikogu passed on December 19, a series of tax changes pushed for by the new Estonian government that set forth increasing excise tax for fuel, light alcohol and raising considerably level of income exempt from income tax

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Ukraine: EBRD strongly supportive of decision to nationalize PrivatBank

President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti has said that the EBRD is strongly supportive of the decision of the Ukrainian government to nationalize PrivatBank and to protect the bank’s depositors, both individuals and businesses

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Estonia: Tekhnolift to supply EUR 3.378 million worth of equipment for Brest Garbage Plant

Estonia’s Tekhnolift will supply EUR 3.378 million worth of special equipment from European manufacturers for the upgrade of the state-owned company Brest Waste Recycling Factory, a company official reported

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Belarus: beef exports up in January-October 2016

Belarus’ proceeds from fresh/chilled beef export totaled $258.863 million in January-October, down by 10.9% YoY, Belstat said in a report

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Moldova: EIB and EBRD to help construct Ungheni-Chisinau gas pipe

EIB and EBRD will provide Moldova with a EUR 82 million loan for the construction of the 120-km-long Ungheni-Chisinau gas pipe. This is stipulated by the financing contract Moldova and the European Investment Bank have signed

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Ukraine: grain exports at seaports up in mid-December 2016

On December 10-16, Ukraine exported 670.1 thousand tons of grains from the seaports against 635.2 thousand tons on the previous week. In particular, wheat shipments reached 202

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19.12.2016

Ukraine: Ukroboronprom to expand cooperation with Defense Ministry under UKRARPA project

The Ukroboronprom State Concern seeks to have tighter cooperation with Ukrainian Defense Ministry under the UKRARPA defense innovation development platform project initiated by the concern

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Ukraine: agricultural exports exceed $11 billion in January-October 2016

According to the State Statistics Service, in January-October Ukraine exported agricultural products valued at $11.837 billion, or 40.7% of the general national exports, the Ministry of Agrarian Policy and Food of Ukraine declared

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Italy: Honeywell to install SCADA for TAP

Trans Adriatic Pipeline AG (TAP) has selected Honeywell SRL of Italy for the engineering, procurement and installation of its SCADA (Supervisory Control and Data Acquisition) telecommunications and security systems, reads a message posted on the TAP website

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Europe: Parliament hopes to achieve better financial transparency for ports

Rules approved by the European Parliament on December 14, are intended to secure clearer payment procedures and support European ports received from shipping companies and governments

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Ukraine: sunseed exports up in October 2016

Ukraine substantially boosted sunseed exports in October and they hit five-year high. 59.1 KMT of the product was exported that month against 2

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Belarus: thaw to shortly destroy snow cover

The meteorological conditions in Belarus are currently favorable for survival of winter crops. Snow cover protected crops against freeze that occurred in early December

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Azerbaijan: parliament amends tax legislation

The Azerbaijani parliament adopted a set of amendments to the country’s tax legislation, which will come into effect on January 1, 2017

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Azerbaijan looking for new economic model

Azerbaijan’s economic model covering the last 10 years has proved to be valuable, Shahmar Movsumov, executive director of the State Oil Fund of Azerbaijan (SOFAZ), reported

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Ukraine: over 20 million tons of grains exported

Since the beginning of 2016/2017 MY, Ukraine exported 20.061 million tons of grains, up by 0.88 million tons YoY, the Ministry of Agrarian Policy and Food of Ukraine declared

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Azerbaijan: cash transactions by big entrepreneurs limited

Azerbaijan has limited cash transactions by large entrepreneurs operating in trade and public catering to 30,000 manats per month, starting from 2017, according to the amendments to the Tax Code approved at a plenary session of the Parliament

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Azerbaijan: number of foreign trade partners up

Some 183 countries became Azerbaijan’s foreign trade partners in January-November compared to 162 countries in the same period of 2015, the country’s State Customs Committee said in a report

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Azerbaijan eyes higher insurance market share in non-oil GDP

The government of Azerbaijan plans to increase the share of the insurance market in the country’s non-oil GDP to 1.4% until 2020, the Strategic Road Map for Development of Financial Services in Azerbaijan said

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Ukraine to import meat and milk from Ireland

Ukraine and the Republic of Ireland have discussed the issue of possible expansion of trade and economic cooperation, in particular, with regard to imports of Irish beef, pork, milk, and dairy products to Ukraine

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Azerbaijan: bread and poultry meat sale exempt from VAT

Azerbaijan has exempted the sale of poultry meat, production and sale of wheat flour and bread from value added tax (VAT) for three years starting from January 1, 2017, according to the amendments to the Tax Code approved at a plenary session of Parliament

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Lithuania: Depo in Klaipeda receives lukewarm reception

Arrival of a major brand stirs buzz and fuss around, but Depo in Lithuania has taken a different approach. If not for a couple of modest-size articles in local press, the residents of Klaipeda, where the Latvian hardware giant opened its first store, few would have noticed the coming

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Latvia: innovative approach towards tax policy

Last week Latvia’s Saeima conceptually supported legal drafts that provided for raising micro-enterprise tax rate from 9% to 15% and refusal of introduction of minimal social fees starting from 2017

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Ukraine: up to 9 million tons of coal per year bought from occupied territories of Donbas

Ukraine buys up to 9 million tons of coal per year from the occupied territories of Donbas, Deputy Prime Minister Volodymyr Kistion said. “We receive coal in the amount of up to 9 million tons per year from the occupied territories”, he said

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Moldova to open economic representative office in Turkey

At the meeting with Turkey’s Prime Minister Binali Yildirim, Vice-Premier, Minister of Economy of Moldova Octavian Calmic said the authorities sought to open an economic representative office under the Embassy of Moldova in Turkey for implementing joint projects with the country

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Estonia: Nordica to carry 400,000 passengers in 2016

Nordica airline, which was founded in 2015 by the Estonian state, released on December 15, the estimate that it would transport about 400,000 passengers in its first full year of operation

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Ukraine: foreign trade deficit in goods up in January-October 2016

In January-October the foreign trade deficit in goods in Ukraine totaled $2.089 billion against $397.1 million of proficit in the same period last year, the State Statistics Service of Ukraine reported

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16.12.2016

Ukraine: Milk Alliance starts supplying butter to the Netherlands

Milk Alliance Group has reported that a first batch of butter with 82.5% fat content in the amount of 140 tons has been shipped to the Netherlands

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Ukraine: Kiev most unlikely to buy Russian gas this winter

Naftogaz Ukrainy is very unlikely to buy gas from Gazprom until the end of winter, CEO Andrei Kobolev said. “We have not bought gas from Gazprom this year

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Ukraine: IMF’s next tranche to depend on bond owned by Russia

The International Monetary Fund (IMF) has called on Russia and Ukraine to settle Kiev’s $3 billion eurobond owned by Moscow on which the fund’s disbursal of the next tranche depends, Ron van Rooden, chief of the IMF’s recent mission to Ukraine, reported

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Ukraine: EU’s share in foreign trade increases

The share of the European Union in the balance of foreign trade of Ukraine has increased from 30% to 45% in two years. President of Ukraine Petro Poroshenko said this during his working visit to Ternopil region

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Ukraine: government approves of 2016 financial plan for Energoatom

Ukraine’s Cabinet of Ministers has approved of a financial plan of the National Nuclear Generating Company Energoatom for 2016, the press service of the government has reported

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Estonia: ICT specialists exempt from immigration quota

Estonian Riigikogu adopted an amendment to the country’s Aliens Act to simplify the settling of foreigners in Estonia that could make a contribution to the local economy, especially people working in the field of information and communication technology

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Europe: EP supports quicker visa requirement restoration for non-EU nationals

On December 15, the European Parliament approved of new rules that provided for quicker restoration of visa requirements for non-EU nationals in events when EU member states faced surge of illegal immigration or security risks

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Ukraine: sunmeal exports up in October 2016

Ukrainian sunmeal exports totaled 349.8 KMT in October against 141.5 KMT in September and 348 KMT in October 2015. In 2016/2017 (September-October), this product’s shipments to foreign markets somewhat exceeded last season’s: 491

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Ukraine: Canada ratifies FTA agreement

The House of Commons of Canada has supported the ratification of a free trade area (FTA) agreement with Ukraine, according to the Deputy Minister of Economic Development and Trade, Ukraine’s Trade Representative Natalia Mykolska

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Kazakhstan: Wilmar’s crushing facilities to appear

Kazakhstan declares its agriculture development plans and takes steps for their fulfillment. The nation has aimed at exporting up to half the production to CIS markets in three years

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Ukraine: Ukrgazvydobuvannia to invest 30 billion UAH in new equipment and drilling in 2017

In 2017 PJSC Ukrgazvydobuvannia plans to invest 30 billion UAH in drilling and purchase of new equipment, head of the company Oleh Prokhorenko has said at a press conference in Kyiv

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Romania: snow covers absent in major grain producing regions

Lower-than-usual temperatures (down by 2-4 degrees C from their long-term average) were registered in the west and north-west of Romania. Temperatures above the long-term normal occurred in the south of the country and in its northeastern region named Moldova (2 C)

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Moldova: winter crops enjoy fair conditions for survival

The weather was colder-than-usual and featured precipitation. Diverse temperatures and precipitation shortages were reported in the country. The average weekly air temperature was +0

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Moldova: Trans-Oil Group invests $6 million in grain terminal in the port Giurgiulesti

The leader in the sphere of trading in agricultural products and sunflower oil production in the Republic of Moldova – the company Trans-Oil Group – invested $6 million in increasing capacities of the grain terminal in the Giurgiulesti International Free Port, the press-service of the company declared

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Ukraine: pea exports up in July-November 2016

In the first five months of the current season pea exports from Ukraine have managed to exceed last season’s potential. 252 KMT of peas were shipped for export from July through November, up by 4

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Kazakhstan: Ak Biday Terminal grain shipments up in January-November 2016

In January-November the grain terminal JSC Ak Biday Terminal, the subsidiary company of the National Company Food Contract Corporation JSC, exported over 452 thousand tons of grains through its grain terminal in the Aktau port, the press-service of Food Contract Corporation declared

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Bulgaria: grain market behavior

Purchase prices for grains on Bulgaria’s domestic market somewhat sank last week. They were pressured primarily by volatility of the national currency against the U

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Belarus: Belshina launches all-steel radial tyres with 57-inch rim diameter

OAO Belshina (Bobruisk, Mogilev region) says it has manufactured an all-steel radial tyre with a 57-inch rim diameter. The tyre is intended for super-size dump trucks with a 220-ton load capacity used for open-cast mining

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Belarus: truck exports up in January-October 2016

Belarus increased truck exports by 24.3% YoY in January-October to 3,528 units, Belstat said in a statistical report. In value terms, truck exports grew by 5

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Ukraine: Investment Attractiveness Index freezes in H2 2016

Ukraine’s Investment Attractiveness Index in H2 totaled 2.85 points compared to 2.88 points in H1 and 2.57 points in H2 2015, according to a study of the European Business Association (EBA) conducted on the basis of a poll of top managers of companies in November and December

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15.12.2016

Ukraine: winter grains planted throughout 6.9 million ha

Ukrainian agricultural producers planted winter grains throughout the areas of 6.951 million ha, the Ministry of Agrarian Policy and Food of Ukraine informed on December 14

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Ukraine: EBRD opens second regional office

The European Bank for Reconstruction and Development (EBRD) has opened a regional office in Kharkiv. “Eastern Ukraine is also important for our work

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Ukraine: decision on extra funding for road sector to be made in 2017

The decision on allocation of additional funding in the amount of 15-20 billion UAH for the road sector will be made in 2017, President of Ukraine Petro Poroshenko has said

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Ukraine: contract on subway construction in Kharkiv to be signed in H1, 2017

Director of the European Bank for Reconstruction and Development (EBRD) in Ukraine Sevki Acuner hopes an agreement on financing subway construction in Kharkiv will be signed in the first half of 2017

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Ukraine: over 19 million tons of grains exported

Since the beginning of 2016/2017 MY, Ukraine exported 19.7 million tons of grains, the Ministry of Agrarian Policy and Food of Ukraine declared on December 13, referring to the State Fiscal Service

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Kazakhstan: China to invest in oilseed crushing

A new oilseed crushing facility of LLC Taiynsha-May has recently started operating in the Kazakh village of Ilichevka, Amadyk village district

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Ukraine: second plant of Prettl Group opens in Chernivtsi

Automotive Electric Ukraine LLC (Chernivtsi), a manufacturer of electric cable products for cars, the founder of which is Prettl Kabelkonfektion GmbH (Germany), was opened on December 13, with the participation of the Prime Minister of Ukraine Volodymyr Groysman

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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: Ukrzaliznytsia hopes to post some 300 million UAH in profit in 2016

Public joint-stock company Ukrzaliznytsia would see some 300 million UAH in profit in 2016, Ukrzaliznytsia Board Chairman Wojciech Balczun has said

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Ukraine: 900 KMT of wheat exported to India

Ukraine has managed to become a key wheat supplier to the Indian market this season, running close to Australia now. Ukraine exported more than 900 KMT of wheat to India in the first five months of the season

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Ukraine: Ukrspyrt to see 46 million UAH of net profit in 2016

State-run enterprise Ukrspyrt expects to see 46 million UAH of net profit in 2016 compared to net loss of 13.89 million UAH in 2015. “The official figure for 2015 is the loss of around 14 million UAH

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Ukraine: Ukravtodor head to apply Poland’s experience in reforming road sector

Acting head of the State Automobile Roads Agency of Ukraine (Ukravtodor) Slawomir Nowak has said that Poland’s experience in reforming the road sector would suit Ukraine

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Bulgaria: weather conditions unfavorable to finish field works

According to Bulgarian Ministry of Agriculture, as of December 1, 419.2 thousand ha of corn were threshed, which was 99.2% of the plan (423 thousand ha)

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Ukraine: sunoil exports hit record high in 2016/2017 season

October sunoil exports from Ukraine amounted to 433 KMT, or up by 183 KMT (73%) MoM and by 25 KMT (6%) YoY. The new season of 2016/2017 features active vegoil sales on foreign markets

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Ukraine: Kaspersky Lab liquidates subsidiary

Subsidiary of Kaspersky Lab (Moscow) Kaspersky Lab Ukraine LLC (Kyiv) has announced its liquidation under the decision of its owner. Claims of creditors can be submitted within two months from the moment of the publication of the announcement (until February 14, 2017)

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Kazakhstan: temperature swings to affect winter hardiness of winter wheat crops

On November 21-30, air temperatures were below normal in the south and southeast of Kazakhstan, where winter crops were grown. Precipitation rates were below normal as well

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Ukraine interested in increasing agriculture trade with Kenya

Ukraine is interested in increasing imports of coffee, tea, exotic fruit and nuts from Kenya, and Kenya, in its turn, is interested in supplies of Ukrainian grain, flour, apples, juice concentrates, seeds and fodder for poultry and fish farming

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Ukraine: agricultural commodities production up in January-November 2016

In January-November the production volumes of agricultural commodities in Ukraine increased by 2.9% YoY at the expense of rising production volumes of plant growing commodities, the State Statistics Service of Ukraine announced on December 14

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Kazakhstan: first Mi-35M attack helicopters from Russia received

The Armed Forces of the Republic of Kazakhstan have received the first multi-role Mi-35M attack helicopters. The first helicopter was spotted in Almaty Airport

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Kazakhstan: grain export prices up

In January-October the prices for exported products in Kazakhstan increased by 9.9% YoY, including grains – by 13.6%, the Committee on statistics at the Ministry of National Economy reported

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Ukraine: industrial dialogue with EU in 2017 started

Ukraine will launch a dialogue with the European Union in 2017 to promote the development of the country’s industry, Deputy Minister of Economic Development and Trade Representative of Ukraine Natalia Mykolska has said

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14.12.2016

Ukraine fails to export harvested grains

Due to the problems with logistics of agricultural products, Ukraine will fail to export the harvested grain volumes, the founder and CEO at the Agri-industrial holding Astarta Viktor Ivanchyk declared

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Ukraine: Mevics startup raises $500,000 from UBTower

Ukraine’s Mevics has raised $500,000 from Britain’s UBTower consulting company. The company has not presented other details of the deal

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Iran to export agricultural products to Russia and the CIS

Iran is interested in the exports of agricultural products to the Russian Federation and other CIS countries through the territory of Azerbaijan, the Governor of the Iranian province Golestan Hassan Sadiq declared

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Ukraine: Naftogaz bonds redemption postponed

Ukraine’s Cabinet of Ministers has postponed redemption of Series A, B and C 4.8 billion UAH bonds issued by the national joint-stock company Naftogaz Ukrainy for one year (until the end of 2017) to allow the company to have working capital in the conditions of permitting Ukrainians to pay 50% of the heating bills in installments during the heating season

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Ukraine: Kernel to kick off the construction of a grain terminal in Chornomorsk

Kernel, Ukraine’s major farming holding, is planning to kick off the construction of a new grain terminal in Chornomorsk as soon as in the coming months, the company’s management said

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Moldova: GNFFE requesting ANRE to increase electricity tariff

Gas Natural Fenosa Furnizare Energie requests ANRE to increase the tariff for the electricity supply to the residential customers by 14.2%, to 219

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Europe: competition on corn market getting stronger

Season 2016/2017 was marked with second in a row low corn crop in top-producing EU countries – France, Romania, Italy and Spain. According to European Commission's estimates, EU corn crop totaled 59

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World: CBOT corn prices gain 4.5%

On December 1-8, CBOT corn prices gained 4.46%. On the spot market US corn export prices recovered to the previous week’s level. Brazilian corn prices increased on average by $7/MT, while Argentinean corn prices rose by $4/MT

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Ukraine: rapeseed exporters deprive crushers of raw material

In the current season (2016/2017) strong rapeseed demand from European countries due to a poor harvest has provoked a substantial decline in rapeseed crushing in Ukraine, Julia Garkavenko, chief oilseeds market expert of UkrAgroConsult notes

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Bulgaria to compensate for rapeseed shortage on the EU market

Bulgaria’s 2016/2017 rapeseed planted acreage was reduced by 2.3% to 170 thousand ha that is somewhat below its long-term average. Favorable weather conditions allowed farmers to get a record rapeseed yield in 2016/2017

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Moldova: electricity tariffs to increase

According to the National Energy Regulatory Agency, on December 12, the requests by RED Union Fenosa and Gas Natural Fenosa Furnizare Energie to raise the electricity tariffs were posted on the ANRE official web site as Law No 107 dated May 27, on electricity requires and the civil community has been given 15 days since the publication to develop and present its recommendations on the requests

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Kyrgyzstan: Air Manas launches Bishkek – Moscow (Zhukovsky airport) flights

On December 20, Air Manas will carry out its first flight from the Bishkek’s Manas International Airport to the airport in Zhukovsky, Russia

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Ukraine: logistics problems affecting grain exports

In the current season of 2016/2017 Ukraine’s grain market has faced a shortage of rolling stock for transporting grain freights. However, while the transport shortage was previously associated with a lack of railcars, the availability of trucks has also become an acute problem now

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Moldova: industrial output down in January-October 2016

In January-October the industrial output shrank by 0.6% YoY. According to the National Bureau of Statistics, in October it contracted by 2.2% YoY

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