Ukraine: budget-2017 provides funds to support buckwheat and rye growing

According to the draft State Budget of Ukraine for 2017, the Government will provide some funds to support the buckwheat and rye markets to stimulate production rates of the reporting grains in Ukraine, the Director of the food products department at the Ministry of Agrarian Policy and Food of Ukraine Mykola Moroz declared

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Ukraine: World Bank confirms GDP annual forecast

The World Bank forecasts that Ukraine’s GDP will be 1% by the end of 2016 and 2% by the end of 2017, World Bank Economist for Ukraine Anastasia Golovach has stated

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Russia: VimpelCom Ltd chooses buyer for towers

Amsterdam-based VimpelCom Ltd. has allegedly agreed to sell its tower bases in Russia to local company Russian Towers, winner of the tender, and the deal’s future will be settled at a meeting of VimpelCom Ltd

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Azerbaijan: SOCAR to issue bonds in national currency

Azerbaijan’s state oil company SOCAR doesn’t exclude the possibility of issuing bonds in the country’s national currency – manat – in the future, SOCAR President Rovnag Abdullayev reported

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Azerbaijan: SOCAR commissions waste oil-recycling center in Baku

Azerbaijani state oil company SOCAR has commissioned a modern center for drilling waste management in Garadagh district of Baku. SOCAR President Rovnag Abdullayev, BP Regional President for Azerbaijan, Georgia and Turkey Gordon Birrell and representatives of SOCAR management took part in the opening ceremony

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Azerbaijan: Silk Way West Airlines launches direct flights to Chicago

Silk Way West Airlines opened direct cargo flights between Baku and the largest transportation hub in the United States – Chicago (Illinois)

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Russia: retailers like first results of iPhone 7 and 7 Plus sales

Russian retailers and mobile operators are satisfied with the start of sales of Apple’s new iPhone 7 and 7 Plus on September 23, and demand is twice as much as it was a year ago for the previous model, spokespeople for sellers reported

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Russia: official sees chances for oil output freeze deal in Algeria

There is a chance that oil producing countries will reach an oil output freeze agreement in Algeria, Deputy Prime Minister Arkady Dvorkovich said

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Russia: grain prices down in late September 2016

Last week Russian wheat decreased in price on the export market. 12.5% milling wheat price lost in average $2/MT. Prices were pressured by CBOT tendency as well as by continuing wheat ergot story with Egypt

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Russia: oil price to fall in few years

The oil price can fall to $30 per barrel over the next few years and can decrease further over a 20-year period, Alexei Kudrin, former finance minister and current head of the Center for Strategic Research, said

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Russia to launch new system of voluntary pension savings in 2018

Russia’s Finance Ministry and the Central Bank plan to present a draft of a new system of voluntary pension savings in the near future and the system may be launched from 2018, Minister Anton Siluanov said

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Russia: over 107 million tons of grains harvested

As of September 22, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 40

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Russia: appeal over WTO arbiters’ pork case decision filed

Russia has filed an appeal against a decision of the World Trade Organization’s (WTO) arbiter panel on a suit by the E.U. against Russia’s prohibition of pork imports from the union, the Economic Development Ministry said

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Russia: Sistema selling 1.27% in MTS in ADRs for $100.4 million

Russian multi-industry holding Sistema has sold a 1.27% stake in MTS in the form of American depositary receipts (ADRs) for $100.4 million, and its total interest in the mobile operator decreased to 50

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Russia: PPF Group and Staroak to sell 6% in Polymetal

Czech Republic’s PPF Group NV and Staroak Limited plan to sell up to 26 million common shares, or 6% in the charter capital of the Russian precious metals producer Polymetal International via accelerated book building, Morgan Stanley, one of the possible organizers of the deal, said in a statement

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Russia: export duties on wheat zeroed down

On September 23, Russia zeroed down the export duties on wheat, the Minister of Agriculture of Russia Alexander Tkachev declared. According to the forecast of Tkachev, in the current year the grain exports will reach 35-40 million tons

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Russia: Moscow’s GUM sees hundreds of willing to buy new iPhone 7

Several hundreds of people have lined in front of Moscow’s high-street store GUM for Apple’s new iPhone 7 and 7 Plus, whose official sales in Russia debuted on September 23

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Kazakhstan: Kashagan oil to be transported via Azerbaijan in 2017

Kazakhstan may start Kashagan oil export through Azerbaijan in 2017. “Next year if market conditions change, we may start Kashagan oil transshipment through Azerbaijan”, Kazakh Energy Minister Kanat Bozumbayev said

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Ukraine: flour output down in January-August 2016

In January-August Ukrainian flour milling enterprises produced 1.212 million tons of flour, down by 5.9% YoY, the State Statistics Service of Ukraine declared

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Ukraine: flour exports to go up in 2016-2017

In 2016/2017 MY the share of domestic consumption of flour in Ukraine will decrease to 87% of its general production, against the average index of 91% during five recent years

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Belarus: IFRS introduction to improve investment climate

The introduction of the international financial reporting standards (IFRS) in Belarus will help improve the investment climate. Belarusian Finance Minister Vladimir Amarin made the statement in an interview published in the September edition of the Ministry’s magazine Finance

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Egypt: Russian wheat purchased

On September 22, Egypt purchased 240 KMT of milling wheat from Russia with shipment on October 21-31, at the average price of $187.03/MT C&F

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Belarus: cost of credits higher than profit margin of machine builders

The cost of credits at Belarusian banks is higher than the profit margin of the country’s mechanical engineering companies, Belarusian First Deputy Industry Minister Gennady Svidersky said

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Russia: Central banker says internal risks key for economy

Internal risks are the key for the Russian economy, but foreign risks exist as well, the Central Bank’s Chairwoman Elvira Nabiullina said

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Belarus: tender to identify alcohol importers in 2017 opened

Belarus has announced an open tender to identify importers of alcoholic beverages in 2017, the commission responsible for holding the tender said in a statement

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Belarus to launch BelGee car factory in H1 2017

The Belarus-China car assembly company BelGee JV (based in Borisov, Minsk region) plans to launch its own car factory in the first half of 2017, Belarusian First Deputy Industry Minister Gennady Svidersky reported

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Belarus: Grodno Azot reports decrease in nitrogen fertilizer exports in January-July 2016

Belarus’ chemical company OAO Grodno Azot says its nitrogen fertilizer exports reduced by 22.8% YoY in January-July to 151,300 tons (in terms of 100% nitrogen), a source in the profile ministry reported

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Belarus: oil export proceeds down in January-July 2016

Belarus’ proceeds from exports of domestic crude oil reduced by 32.3% YoY in January-July to $253.704 million, Belarus’ National Statistical Committee (Belstat) said in an official report

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Belarus: sugar export proceeds down in January-July 2016

Belarus’ sugar export proceeds reduced by 14.2% YoY in January-July to $117.422 million, Belarus’ National Statistical Committee (Belstat) said in a report

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Azerbaijan to showcase first hybrid engine UAV

Azerbaijani company AZDynamics will introduce the first hybrid engine unmanned aerial vehicle (UAV) with increased duration of autonomous flight

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Belarus: ARVIBelAgro to launch turkey meat facility in November 2016

ARVIBelAgro LTD joint venture (Lida, Grodno region) plans to launch a turkey meat facility in November, a company official reported. By November the company plans to have commissioned 15 poultry houses and launched a slaughterhouse

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Ukraine: market of grain raw materials under pressure of the global market

Constant increasing of the global production and stocks of grains is one of the major factors forming the situation on the raw materials market of grains in Ukraine in 2016/2017 MY, the grain market analyst at APK-Inform Agency Andrei Kupchenko declared

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Ukraine: Ministry of Agrarian Policy supports cancellation of the price controls for grain by-products

The Ministry of Agrarian Policy and Food of Ukraine supports cancellation of price controls for food products, including grain by-products, the Director of the food products department at the Ministry of Agrarian Policy and Food Mykola Moroz declared

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