Ukraine: Yuzgas to disclose beneficiaries after contract on Yuzivska field agreed with government

Yuzgas B.V. (the Netherlands) and its parent company, Emerstone Energy investment fund (Luxembourg), will consider the disclosure of their ultimate beneficiaries after they agree on the main provisions of the agreement on Yuzivska deposit with the government of Ukraine, reads a letter to Ukraine’s Energy and Coal Industry Minister Ihor Nasalyk, promulgated by MP Viktoria Voitsytska

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Ukraine: oilseed sector needs national brand

Ukraine, as well as the whole world, has faced unprecedented economic challenges. Unfortunately, the global economy still feels the effect of 2008 economic crisis, which means new challenges, both for domestic agricultural sector, and for oil and fat business in particular

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Ukraine: rye and rye flour imports up

Rye production is steadily declining in Ukraine. If earlier Ukraine was an exporter of rye, before 2014 Ukrainian rye harvest was just enough for domestic consumption only

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Ukraine: over 45 million tons of grains harvested

As of October 4, Ukrainian agrarians harvested 45.08 million tons of grains throughout the areas of 11.149 million ha, or 78% of the plan. The average yield totaled 4

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Ukraine: planting campaign of winter rapeseed almost over

As of October 3, all regions of Ukraine planted winter rapeseed throughout the areas of 717.5 thousand ha, or 99% of the plan, up by 145 thousand ha YoY, the Ministry of Agrarian Policy and Food of Ukraine declared

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Ukraine: Asket Shipping to build silo in Berdyansk port

Asket Shipping company, which is a key cargo shipper of grains in the seaport of Berdyansk, plans to participate in investment project on construction of modern port silo

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Ukraine: sowing campaign lags behind the last year’s pace

As of October 3, winter crops had been sown at 3616 thousand ha, or 49% of the intended area – 7374 thousand ha. This included 3355 thousand ha of winter wheat and triticale (54% from the planned 6198 thousand ha), 114 thousand ha of rye (77% of 147 thousand ha), and 147 thousand ha of barley (14% of 1028 thousand ha)

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Ukraine: Turboatom pays twice the market price for welded pipes

Public joint-stock company Turboatom (Kharkiv) buys welded pipes to make condensers of turbines for National Nuclear Generating Company Energoatom from a foreign manufacturer at a price that is almost twice higher than their market price: some $12 per kg with the market price of around $6

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Ukraine: state to support pharmaceutical producers

The state could support Ukrainian pharmaceutical manufacturers by creating equally competitive conditions with foreign manufacturers, Deputy Health Minister Roman Ilyk has said

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Russia: ministry sees scavenger oil output up in 2016

The Russian Energy Ministry expects production of hard-to-recover oil reserves to rise by 10-15% in 2016, Deputy Minister Kirill Molodtsov reported

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Russia: min says Belarus violates oil transit tariff procedure

Belarus has violated the procedure of defining a tariff for oil transit, and it and Russia will hold consultations on the matter, Russian Deputy Energy Minister Kirill Molodtsov reported

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Russia: firms thinking of getting access to messenger traffic

Russian companies have started working on receiving access to correspondence of WhatsApp, Viber, Facebook Messenger, Telegram and Skype users under data retention laws aimed at fighting terrorism

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Russia to occupy 10% of world organic food market in 20 years

Russia may boost production of organic food, or food produced without genetically modified organisms, and occupy a tenth of the world market in the next two decades, Agriculture Minister Alexander Tkachyov said

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Russia: nearly 112 million tons of grains harvested

As of October 3, Russian agrarians continued harvesting grains and pulses. Agrarians harvested grain crops throughout the general areas of 42

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Russia: Metalloinvest to supply rail and billets to Kazakhstan

Russian metals holding Metalloinvest has signed a contract to export over 600,000 tons of rail and shaped billets to Kazakhstan’s Aktobe Rail and Section Works in 2017-2020 from its unit Ural Steel, Metalloinvest said in a statement

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Russia: Rosneft to participate in Bashneft’s privatization

The board of directors of the Russian state-owned oil major Rosneft has approved participation in privatization of a 50.08% government stake in oil company Bashneft, sources familiar with the matter reported

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Ukraine: IT service market to double

The Ukrainian IT service market by 2020 could expand to $5.7 billion from $2.7 billion in 2015 if the tax burden for the sector grows no more than 1% a year, according to a study of PricewaterhouseCoopers (PwC) conducted under order of the European Business Association (EBA)

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Russia: over 58 thousand tons of grains purchased to the intervention fund

On October 4, the National Mercantile Exchange CJSC (NAMEX) held the regular stock exchange trading within frames of public grain purchasing interventions in the regional trading platforms of Russia, and purchased 58

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Ukraine: Naftogaz projects 18.4 UAH billion profit in 2016

Naftogaz Ukrainy projects its net profit for 2016 will amount to 18.355 billion UAH against 34.053 billion UAH of net loss a year earlier, according to a company report for 2015

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Russia: grain harvest seen at more than 116 million tons

Russia’s grain harvest can exceed an earlier forecast of 116 million tons in 2016, Agriculture Minister Alexander Tkachyov announced. “Weather conditions allow me to forecast that we will harvest up to 116 million tons, maybe more”, Tkachyov said

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Russia: GDP to go down in 2016

Russia’s gross domestic product (GDP) may fall by 0.6% this year but go up by 0.5-0.8% next year meaning that recession will be over soon, Alexei Kudrin, a former finance minister and the current head of the Center for Strategic Research, said

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Kazakhstan: flour mills working at 40% capacity

In Kazakhstan there are nearly 250 milling plant which are able to process 11 million tons of grains, but to date they are loaded at nearly 40

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Kazakhstan: planted areas under agricultural crops up in 2016

During the planting campaign in 2016, Kazakhstan increased the planted areas under wheat by 5.9% YoY, oilseeds – by 1.5%, pulses – 1

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Ukraine: in 2016/2017 peas exports to reach record levels

Due to significant increasing of peas production in Ukraine in the current season, the exports of peas in 2016/2017 MY will reach the record level – 450 thousand tons

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Belarus: IMF forecasts long-term economical crisis

IMF mission presented the report on economic situation in Belarus. The report mentions that during 2015-2016 economic condition in Belarus was defined by “the decrease in national currency rate, salaries and at the same time growth of unemployment”

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Kazakhstan: grain exports to reach five-year high

Harvesting campaign in Kazakhstan is coming to its end. Kazakh farmers gathered 22 MMT of grain from 95% of the intended area owing to high productivity

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Russia: Gazprom creates company for shelf oil and gas production systems

Russian gas giant Gazprom has established a company to develop systems for underwater production of oil and natural gas on the shelf, including the Yuzhno-Kirinskoye field off the island of Sakhalin in the Far East of the country, Deputy CEO Vitaly Markelov said

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Georgia: $100 million invested in Anaklia deep seaport project

The government of Georgia signed an agreement that grants the Anaklia Development Consortium (ADC) the exclusive right to construct, develop and operate the $2

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Russia: Gazprom CEO sees international energy prices growing soon

International energy prices will start growing very soon, Russian gas giant Gazprom CEO Alexei Miller said at an International Gas Forum. “The current level of international prices does not allow the world’s economy to solve tasks that may be solved only with the help of gas

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Russia ready to support oil production freeze

Russia is in general ready to back a freeze of oil production, Economic Development Minister Alexei Ulyukayev reported. “We’ve already said that we are ready to support efforts in freezing oil production

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Ukraine: DTEK Energy to transfer Rostov mines with $436 million debt to head structure

DTEK Energy Operating Company in the framework of restructuring its loan portfolio will transfer Obukhovskaya mine directorate (the Russian Federation) together with borrowings of $436 million to DTEK strategic holding for direct control

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Ukraine: Crown Agents failing to supply 3 no-alternative drugs from procurement list

Britain’s Crown Agents will not be able to supply three out of 214 pharmaceuticals from the procurement list bought using 2015 national budget funds

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Russia: advisor recommends selling Bashneft in one lot

VTB Capital, an investment advisor in privatization of the government’s 50.08% stake in Russian oil company Bashneft, has recommended selling the stake in a single lot, Economic Development Minister Alexei Ulyukayev said

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Ukraine: wheat prices strengthen

The downward trend in Ukrainian export market changed to some price growth. Last week wheat export prices strengthened. The prices for 2nd grade wheat (12

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