Ukraine: Ukrzaliznytsia testing GE diesel locomotive

Public joint-stock company Ukrzaliznytsia is testing TE33€ freight diesel locomotive made by General Electric Corporation (the United States)

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Russia: Uralkali announces EGM decisions

On September 27, Uralkali held its extraordinary general meeting of shareholders (EGM) in the town of Berezniki (Perm Territory). Uralkali’s EGM elected the new board of directors, including Sergey Chemezov, Dmitry Konyaev, Dmitry Lobyak, Luc Maene, Sir Robert Margetts, Dmitry Mazepin, Dmitry Osipov, Paul Ostling and Dimitry Tatyanin

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Ukraine: more than 50% of sunflower harvested

Ukrainian farmers continue to harvest sunflower. As of September 26, 3160.6 thousand ha had been threshed, or 53% of the planned area (5916.2 thousand ha), down by 2% YoY (3227 thousand ha)

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Ukraine falls to 85th position in Global Competitiveness Index

Ukraine, that lost three places in the Global Competitiveness Index (GCI) published by the World Economic Forum a year ago, has fallen six places more and was 85th among 138 countries

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Ukraine: winter crops sowing pace down

As of September 26, winter crops had been sown at 2158 thousand ha, or 29% of the forecast area (7374 thousand ha). This included 2024 thousand ha of winter wheat and triticale (33% from the planned 6198 thousand ha), 79 thousand ha of rye (54% of 147 thousand ha), 55 thousand ha of barley (5% of 1028 thousand ha)

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Ukraine: wheat exports going up

In August Ukraine exported 2851.2 KMT of wheat, up by 50% YoY (1892.8 KMT). Over the first two months of the current season Ukrainian exporters shipped 34% more wheat than over the same period of last season (3575

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Ukraine: farmers note improvement in business climate

The results of a survey of agrarians of Ukraine conducted by the Ukrainian Agribusiness Club (UCAB), showed a significant improvement relative to August 2015 of the business climate in Ukraine agriculture, the press service of the UCAB reports

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Greece: TAP adds over 30 km of pipes

The construction of the Trans Adriatic Pipeline (TAP), which is aimed at transporting Azerbaijani gas to Europe, is underway. TAP tweeted on September 28, that over 30 kilometers of steel pipes had already been strung along TAP’s route in Greece and Albania

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Ukraine: SPF to sell President Hotel, ZTMK and Azovmash

Ukraine’s State Property Fund (SPF) seeks to sell private joint-stock company President Hotel, 51% of shares in Zaporozhye Titanium and Magnesium Works and 50% in public joint-stock company Azovmash

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Azerbaijan: SOCAR extends term of tender on DESFA deal

Azerbaijan’s state oil company SOCAR has extended the term of a letter of guarantee on the tender to buy a 66% stake in the Greek national gas transmission system operator DESFA until October 31, SOCAR said in a message

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Azerbaijan: SOCAR commissions new well in Caspian Sea

Azerbaijan’s state oil company SOCAR will additionally produce more than 6,200 tons of oil per year thanks to the commissioning of a new horizontal well at the Western Absheron field in the Caspian Sea, SOCAR said in a message

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Russia: import of fruit and vegetables from Egypt ban lifted

Russia lifts ban on importation of fruit and vegetables from Egypt, except potatoes, from October 1, Russia’s Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) reported

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Russia has good moisture for wheat

Russia is seeing good moisture levels for winter crop sowings said Andrey Sizov Jr of the influential Moscow-based analysis group SovEcon. This week the European Commission flagged “concern” about dry weather in parts of Russia, which could harm winter wheat prospects

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Russia: export duties on wheat officially zeroed down

The government of Russia has officially made public the decision to zero down the export duties on wheat. The web-site of the government posted the corresponding resolution #966 dated September 26

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Russia: zero export duties on wheat not to decrease the budget income

The current zero rates of export duties on Russian wheat will not reduce federal budget income, the Deputy Minister of Finance Ilya Trunin declared

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Russia: S7 Group to buy Sea Launch maritime platform

Russian airline S7 Group, which comprises of Siberia Airlines and Globus, has signed a deal with Sea Launch group of companies to buy facilities of the Sea Launch spacecraft launch service, including the maritime platform Odyssey

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Russia: EuroChem agrees on $1 billion perpetual loan with owners

Russian fertilizer producer EuroChem has agreed with its shareholders on a $1 billion perpetual loan with a possible expansion to $1.5 billion to balance its covenant debt, a representative of the company reported

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Iran: no offer on oil freeze deal exception received

Iran has not received any offers to be excepted from an oil production freeze deal from OPEC, Iranian Oil Minister Bijan Zangeneh reported. On Tuesday, a high-ranking source in the Algerian delegation to the International Energy Forum said that Saudi Arabia was ready to cut its oil production to January levels if Iran froze its oil output at 3

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Kazakhstan: wheat exports up

In July Kazakhstan exported 206.66 KMT of wheat. In just eleven months of 2015/2016 Kazakhstan exported 12.5% more wheat than over the same period of the previous season (3457 KMT against 3070 KMT during July-September 2014/2015 MY)

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Azerbaijan: Indian company opens office

The office of the Indian trading company ‘Global Trading’ was registered in Azerbaijan. The legal representative of the new company is Namig Veysalov

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Russia: in October 2016 grain exports to drop

In October Russia will reduce the export volumes of grains to 3.7-3.8 million tons, as opposed to nearly 4 million tons expected in September and 3

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Ukraine: IMF unhappy with pace of economy restoration

The restoration pace of the Ukrainian economy is predictable and insufficient, IMF Resident Representative Jerome Vacher has said. The economy has achieved macroeconomic stabilization, the IMF sees a gradual improvement of the economy – an increase of 1

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Belarus: EBRD to help pre-privatize five enterprises

The European Bank for Reconstruction and Development (EBRD) has received an application from the Belarusian government with a request to provide pre-privatization services for five prominent enterprises, Francis Delaey, the EBRD’s Head of Office in Belarus, reported

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Belarus: EU to double support of projects

The European Union (EU) has announced the doubling of the bilateral assistance package in support to private sector development and strengthening institutions in Belarus from 14

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Belarus: winter grains sowing as of mid-September 2016

Dry weather during the second half of September triggered further decline in soil moisture stocks. Almost across all the territory of Gomel, in most areas of Brest, in the south-east of Mogilev region topsoil was almost completely withered that was unfavorable for winter crops sowing and sprouts emergence

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Belarus: gas output up in January-August 2016

Belarus increased gas output by 0.1% YoY in January-August to 145.3 million cubic meters, the National Statistical Committee said in a report

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Belarus and Germany explore opportunities for investment cooperation

Belarus and Germany explored opportunities for investment cooperation during the Day of Belarusian Economy at the Hamburg Chamber of Commerce on September 27, the press service of the Belarusian Ministry of Foreign Affairs reported

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Azerbaijan leader among CIS countries for competitiveness

Azerbaijan took the 37th place in the Global Competitiveness Report 2016-2017, prepared by the World Economic Forum. The research covered 138 countries

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Azerbaijan to get first French locomotives in 2017

Azerbaijan will receive the first AZ8A freight electric locomotives in summer 2017, Bernard Peille, managing director of the French company Alstom’s South CIS Cluster, reported

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Ukraine: Agroprodservice increases soybean crushing capacities

On September 15, Agroprodservice launched a new soybean crushing plant, which it had been building since March. Crushing capacity is 40 KMT soybeans a year

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