Business World Magazine: пятница, июля 08, 2016

Business World Magazine

08.07.2016

Ukraine: quotas for duty free exports of nine groups of agricultural goods to EU in H1 2016 used up

In the first half of 2016 Ukraine has fully used quotas for duty free exports of goods to the EU for the nine groups of agricultural products: honey, sugar, cereals and flour, malt and wheat gluten, processed tomatoes, grape and apple juices, oats, wheat, wheat flour and granules, corn, corn flour and granules

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China: Victrex 10 years at AITC

June marked 10 years since Victrex opened its Asia Innovation and Technology Centre (AITC) in Shanghai, a move that has brought the company and its customers together in close collaboration on product development

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Turkmenistan: Ukraine completing railway bridge construction

Ukraine’s Altcom Financial-Industrial Group is completing the construction of a railway bridge over Amudarya River with a length of 1750 meters

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Ukraine: barley harvested from 16% of intended area

As of July 4, early grains and pulses were harvested from 576 thousand ha (6% of the intended area) compared with 502 thousand ha as of July 6, 2015

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Ukraine: Tesla Zet introduces new illumination standard

Tesla Zet company introduces the next generation LEDs with the luminous efficiency of 160 lm/W. It is the most energy-saving form of LEDs for both commercial and domestic use

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Tajikistan: Central bank promoting financial inclusion

The executive director at the Alliance for Financial Inclusion (AFI) Alfred Hannig visited Tajikistan on June 28-29. According to AFI’s website, Hannig held talks with Umed Latifov, deputy chairman of the National Bank of Tajikistan (NBT), and Lola Salimova, deputy chairwoman of the NBT

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Georgia: SOCAR building new tank farm at oil terminal

Azerbaijani state oil company SOCAR has completed construction of a new tank farm on the company’s Black Sea oil terminal in Kulevi (Georgia), said the terminal’s message posted on its website

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Russia: more than 4 MMT of corn exported in May 2016

In May Russia exported 445.5 KMT of corn, up by 62% YoY. Since the beginning of the season corn exports from Russia have already exceeded 4 MMT compared to 2

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Russia: independent oil and gas producers want access to trunk pipelines

Russia’s independent oil and gas producers want to be granted access to pipeline mains, including to the Power of Siberia natural gas pipeline, Ivan Menshikov, the director general of Rosneftegaz (RNG) oil and gas company, said

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Russia: largest independent gas producer completes first LNG delivery

Novatek completed the company’s first delivery of liquefied natural gas (LNG). The company has only been supplying pipeline gas before

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Ukraine: Rada writes off fines of heating and water companies for late payment for gas and electricity

The Verkhovna Rada has adopted law No. 2706 on writing off fines imposed on heating and water supply companies due to late payments for gas and electricity

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Ukraine: Naftogaz holding talks with EBRD on loan increase

National joint-stock company Naftogaz Ukrainy is discussing with the European Bank for Reconstruction and Development (EBRD) the possibility of expanding a credit line with the limit of $300 million raised at the end of 2015 from the bank to buy natural gas in Europe, Naftogaz Ukrainy commercial director Yuriy Vitrenko said

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Russia: Tor-M2U air defense missile systems arriving in Siberia

Russia’s new anti-aircraft missiles defense systems Tor-M2U have arrived at a tank formation of the Eastern Military District, stationed in Buryatia republic, Siberia, the district press service reported

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Ukraine: EU gas pumping capacities sufficient for new heating season

Russia’s gas producer Gazprom offers a lower price for natural gas supplies to Ukraine than European countries, chief executive officer of Ukraine’s state gas company Naftogaz Ukrainy Andrey Kobolev said

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Kyrgyzstan: issue of electricity supply from Tajikistan in summer rising again

Kyrgyzstan is again considering the issue of electricity supply from Tajikistan in summer, the department of information support of the government reported

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Ukraine: international reserves keep increasing

Preliminary data suggests that as of July 1, Ukraine’s international reserves amounted to the equivalent of $13.98 billion. The stock of international reserves keeps increasing for a third consecutive month

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Ukraine: hearings of Naftogaz and Gazprom’s gas contract in Stockholm arbitration court to start late September 2016

Hearings by the Arbitration Institute of the Stockholm Chamber of Commerce in litigation between national joint-stock company Naftogaz Ukrainy and Russia’s Gazprom over the natural gas supply and transit contracts signed early 2009 will start late September and late November or early December, respectively, Naftogaz Ukrainy board chairman Andriy Kobolev said

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Azerbaijan: Hungarian Eximbank ready to increase funding for projects

Hungary is ready to increase funding for the projects in Azerbaijan through the state Eximbank in case of necessity, Imre Laslotsky, Hungarian extraordinary and plenipotentiary ambassador to Azerbaijan, said

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Ukraine: Gazprom’s claims against Naftogaz for take-or-pay condition to reach $60 billion

The total claims of Russia’s Gazprom against the national joint-stock company Naftogaz Ukrainy for the take-or-pay condition outlined in the 2009 contracts and challenged in court could reach $60 billion by 2020, Naftogaz Ukrainy commercial director Yuriy Vitrenko has said

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Kyrgyzstan: diesel locomotive to be purchased for Bishkek HPP

Diesel locomotive worth 46.11 million soms is planned to be purchased for Bishkek HPP. Tender announcement has been placed on the public procurement portal

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Russia: China lifts restrictions on poultry imports

China has lifted restrictions on supplies of poultry from Russia introduced in 2005 in connection with the avian flu, China’s Quality Control, Inspection and Quarantine Administration and the Ministry of Agriculture said

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Belarus: food producers to connect to Russia’s Sirano rapid alert system

Belarusian enterprises will connect to the Sirano rapid alert system. Such an agreement was reached by the Belarusian Ministry of Agriculture and Food and Russia’s Federal Service for Veterinary and Phytosanitary Surveillance of Russia (Rosselkhoznadzor) at a meeting on July 6, Alexei Bogdanov, the head of the main division for foreign economic affairs at the Agriculture and Food Ministry, said

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Belarus: dairy supplies to Russia

Belarusian producers and Russian sales networks discussed the supplies of dairy products at a meeting in Moscow. The Belarusian diplomatic mission hosted the meeting that featured Russian experts in the quality of chain stores and representatives of quality units and manufacturing technicians of the Belarusian dairies

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Belarus: Philippines explore possibilities of expanding economic cooperation

Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to the Russian Federation Igor Petrishenko met with Ambassador Extraordinary and Plenipotentiary of the Republic of the Philippines to the Russian Federation and concurrently to the Republic of Belarus Carlos D

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Ukraine: corn stocks down

According to the State Statistics Committee, as of April 1, stocks of grain and pulses in Ukraine totaled 7.98 MMT, down by 20% YoY. Corn stocks decreased by 36%, to 3

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