Business World Magazine: среда, июля 13, 2016

Business World Magazine

13.07.2016

Ukraine: 20 billion cubic meters of gas produced annually

About 20 billion cubic meters of gas have been annually produced in Ukraine, though only 12.5 billion cubic meters are of state production, Ukrainian Prime Minister Volodymyr Groysman said

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Ukraine: sunflower oil production up

During the period of export duties on sunflower seed in Ukraine (1999-2016), sunflower oil production volumes increased 9 times (from 510 thousand tons, to 4

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Ukraine: memorandum with grain exporters signed

On July 12, the Ministry of Agrarian Policy and Food of Ukraine signed the Memorandum of understanding with market participants – exporters of grains for 2016/2017 MY, declared the press-service of the Ministry

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Turkmenistan eyeing possibility of exporting electricity to Pakistan and Tajikistan

Prospective routes are becoming much more certain for the Turkmen electricity export, in particular to Pakistan and Tajikistan, says the Turkmen government

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Turkmenistan: harvesting campaign of wheat completed

In 2016, agrarians of Turkmenistan harvested more than 1.6 million tons of wheat, or 100% of the planned volumes, which exceeds the last year index by 0

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Ukraine: VR removes administrative barriers to exports of services

The National Bank of Ukraine welcomes Parliament’s adoption of Draft Law No. 4496 on Amendments and Supplements to Certain Legal Acts of Ukraine (on removal of administrative barriers to exports of services) in the first reading

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Kazakhstan: southern region starts harvesting grains

The southern region of Kazakhstan started harvesting grain crops. According to the regional agricultural departments, as of July 12, agrarians harvested grains throughout 83

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Ukraine: Slovakia’s Nafta buys 50% in Uzhgorod gas field

Slovakia’s Nafta with facilities able to store 2.74 billion cubic meters of natural gas and developing gas fields near the border with Ukraine has acquired 50% of the Uzhgorod gas field for 1

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Russia: imports of sour cherry from Afghanistan and peaches from Somali banned

Russia bans import of sour cherry and cherry from Afghanistan and peaches and nectarines from Somali because of suspected smuggling of such products, the Russian veterinary and phytosanitary watchdog Rosselkhoznadzor said

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Russia: seaports grain shipments up in H1 2016

In January-June the seaports of Russia increased the shipment volumes of grains by 29.4% YoY, to 12.1 million tons, the Association of Sea Commercial Ports of the Russian Federation announced

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Russia: substitution of the export duties on grains for quotas preferred

Imposition of the quotas on grain exports from Russia looks more preferential compared with current usage of the export duties, however realization of the reporting mechanism has some restrictions due to the Russian Federation’s obligations under the WTO, declared the Head of the Department for Control over Chemical Industry and Agro-industrial Complex at the Federal Antimonopoly Service of Russia Anna Mirochinenko

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Kyrgyzstan: PM instructing state agencies to provide Bishkek HPP with local coal

Prime Minister Sooronbay Jeenbekov instructed state agencies to provide Bishkek HPP with local coal, the department of information support of the government reported

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Kyrgyzstan: precious metal and textile production down in H1 2016

Precious metal and textile production in Kyrgyzstan decreased by more than a third since the beginning of the year, Deputy Chairman of the National Statistics Committee of KR Lyuksina Tekeeva reported

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Russia: economic indicators decline slowed down

The decline in Russia’s key economic indicators has slowed down due to implementation of the government’s supportive measures, though they are still in the negative zone, Prime Minister Dmitry Medvedev said Tuesday

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Ukraine: new season for sunflower oil market

In the season-2016/2017 the production of sunflower oil in Ukraine will increase to 5.36 million tons, against 4.78 million tons in the previous year, due to significant increasing of sunflower seed production in the country

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Kyrgyzstan: GDP down in H1 2016

Kyrgyzstan’s GDP fell by 2.3% in the first half of 2016, Deputy Chairman of the National Statistics Committee of KR Lyuksina Tekeeva reported today at a press conference

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Kazakhstan: electric cars to be exported to foreign countries

Prime Minister of Kazakhstan Karim Massimov familiarized with development of the car industry in Kazakhstan during his visit to “SaryarkaAutoProm” LLP in Kostanay

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Kazakhstan: airport of Kostanay in need of reconstruction

Prime Minister of Kazakhstan Karim Massimov assessed the work of the airport of Kostanay within his working trip to the region, the press service of the Premier informs

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Kazakhstan: Massimov inspected metalworks of ENRC in Rudny town

Prime Minister of Kazakhstan Karim Massimov has inspected the metalworks of ENRC PLC in Rudny town within his working trip to Kostanay region

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Russia: Japan keen to expand cooperation with energy companies

Japan is interested to expand the cooperation with Russian companies in the energy sector, Russia’s Energy Ministry reported following the meeting of Deputy Energy Minister Anatoly Yanovsky with a delegation of the Japan Association for Trade with Russia attended by heads of several Japanese energy companies

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Russia: IKEA to launch biggest project worth $60 million

The Swedish furniture manufacturer IKEA will launch its biggest Russia-based furniture factory worth 3.9 billion rubles ($60 million) on September 7, General Director at IKEA Industry Novgorod Alexander Kozlov said

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Tajikistan: Gazprom intending to drill the second well at a the Sariqamish gas field

Gazprom International has asked the Government of Tajikistan for permit for drilling the second well at the Sariqamish gas field in the Shahrinav district, Murod Jumazoda, Chairman of the Main Geology Directorate under the Government of Tajikistan, announced at a news conference in Dushanbe

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Tajikistan: free trade zone opens on the Chinese border

A free trade zone has opened on Tajikistan’s common border with China. “The free trade zone will begin operations on both sides of the Kulma border-crossing checkpoint in the near future”, Khudoberdi Kholiqnazar, Director of the Center for Strategic Studies under the President of Tajikistan, said

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Ukraine: free trade with Canada to revoke duties goods

The agreement on a free trade area between Ukraine and Canada since the moment of taking force after its ratification by parliaments of the two countries will reduce imports duties for 98% of Ukrainian imported goods and for 72% of Canadian exports to nil, Ukraine’s Economic Development and Trade Ministry reported

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Ukraine: Energoatom seeking to cooperate with Spain’s IDOM in engineering

Representatives of National Nuclear Generating Company Energoatom have discussed a possibility of cooperation in infrastructure and engineering projects with Spain’s IDOM Ingenieria, the company’s press service reported

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Tajikistan: China’s industrial exhibition expected to take place soon

An exhibition of industrial goods of China’s Gansu Province is expected to take place in the Tajik capital of Dushanbe soon. An agreement on holding the exhibition in Dushanbe was reached during a meeting of Head of Tajikistan’s Chamber of Commerce and Industry (CCI), Sharif Said with Li Chong Tsan, Vice-Governor of Gansu Province, which took place in Lanzhou, the capital of Gansu Province on July 9, on the sidelines of the 22nd Lanzhou Investment and Trade Fair

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Kyrgyzstan: buckwheat and potatoes up in price in June 2016

Buckwheat and potatoes mostly rose in price in June in Kyrgyzstan. According to the data of the National Statistics Committee, in June there was a slight increase in prices for food and non-alcoholic products – by 0

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Azerbaijan: State Oil Fund purchases real estate in Milan

The State Oil Fund of Azerbaijan (SOFAZ) completed the deal on real estate acquisition in Milan, Italy, Shahmar Movsumov, SOFAZ executive director, said

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Ukraine: Dowty Propellers to deliver parts for new An-132D built for Saudi Arabia

Britain’s Dowty Propellers will supply propeller systems for the engine of new multipurpose An-132D aircraft built at the facilities of Antonov State Enterprise (Kyiv), part of Ukroboronprom State Concern, under a contract with Saudi Arabia

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Ukraine: free falling grain prices

The beginning of the season 2016/2017 was marked by export prices reduction to six-year minimum. Only during the first week of the new season prices for all grain crops lost on average $7, and they are also down by $40 compared with the beginning of last season

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