Business World Magazine: среда, октября 19, 2016

Business World Magazine

19.10.2016

Ukraine: Gazprom raises gas transit request

Russian gas giant Gazprom has increased its transit request through Ukraine to 277 million cubic meters daily, Maxim Belyavsky, spokesman for gas pipeline system operator Ukrtransgaz, said in a Facebook post

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Moldova: gasoline and diesel fuel prices going up

The National Agency for Energy Regulation (ANRE) set new price ceilings for gasoline and diesel fuel. The new prices will be applied between October 19 and November 1

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Kyrgyzstan to expand its exports of organic products

At an intergovernmental meeting between the Kyrgyz authorities and the Chinese authorities, the Minister of Economy said that the country could increase the volume of exports of agricultural products to other countries of the EEA (market of 170 million persons) and to China

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Belarus: Keramin net profit down H1 2016

Belarus’ OAO Keramin (based in Minsk, sanitary stoneware manufacturer) earned a net profit of Br3.754 million ($1.95 million) in H1 2016, down by 46

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Ukraine: benefits of Europe increasing GMO use

On September 16, the European Commission approved of eleven GM corn varieties created by Syngenta. The permission was granted for corn use as food and fodder for ten years, but did not apply to its cultivation

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Ukraine: EU to finance four-year state management reform from 2017

The European Union intends to allocate EUR 104 million to support Ukraine’s state management reform for 2016-2020, and Ukraine will receive the first tranche totaling EUR 10 million in early 2017

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Ukraine: Energy ministry predicts rise in NPPs’ share of total power generation

Ukrainian Energy and Coal Industry Minister Ihor Nasalyk predicts that the nuclear power plants (NPPs) share of total power generation in Ukrainian power grid would grow from current 60% to 65% at the end of October

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Belarus: EBRD implements 245 SME consultancy projects

The European Bank for Reconstruction and Development (EBRD) says it has implemented 245 projects in Belarus providing consultancy services for small and medium-sized businesses

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Latvia: cargo traffic at Port of Liepaja down in January-September 2016

Freight volume handled in the Port of Liepaja in January-September fell by 2.3%, YoY, to 3,870,700 tons, the Port Authority reported. Grain shipments declined by 0

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Bulgaria: corn less attractive to farmers

For the second consecutive season Bulgaria looses ground in corn market. While Ukraine, Russia and Romania increase corn production, Bulgarian farmers might have decided not to enter this competition

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Bulgaria: corn harvesting in October 2016

According to Bulgarian Ministry of Agriculture, as of October 6, 327 thousand ha of corn were threshed, which was 77% of the plan (423 thousand ha)

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Belarus: BPC opens affiliate in Ukraine

The Belarusian Potash Company (BPC) says it has opened an affiliated company in Ukraine. BPC’s Agrorozkvit (literally stands for AgroRenaissance) started operating in Ukraine in October

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Belarus: Belneftekhim exports to Tatarstan up in January-August 2016

Enterprises run by the Belarusian state petrochemical concern Belneftekhim increased their export to Tatarstan by nearly 50% in January-August

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Belarus: industrial output down in January-September 2016

Belarus’ industrial output decreased by 1.7% YoY in January-September to 58.136 billion Belarusian rubles (Br), or $30.199 billion at the official rate of the National Bank, the National Statistical Committee (Belstat) reported

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Belarus: GDP down in January-September 2016

According to initial evaluations, in January-September Belarus’ gross domestic product totaled Br69.3 billion or 97.1% as against January-September 2015 in comparable prices, the National Statistics Committee of Belarus reported

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Russia: 60 cruise ships bring 26,000 passengers to Saint-Petersburg

60 cruise ships were serviced at the embankments of Saint-Petersburg in the navigation season of 2016. Those vessels brought to the city 26,000 cruise passengers, Andrei Mushkarev, Chairman of Saint-Petersburg Committee for Tourism Development, reported

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Ukraine: sunflower seed market in 2015/2016

The 2015/2016 marketing year was quite successful for Ukraine in markets of sunflower seed and its processed products. All-time high sunseed production at 11760 KMT was the key to such a success

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Ukraine: sanctions against Russian defense enterprises prolonged and expanded

Ukraine has extended for a year and has expanded the sanctions imposed in September 2015 against the Russian enterprises and companies, which are operating in the interests of the Russian security and defense sector

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Ukraine: over 48 million tons of grains harvested

As of October 18, Ukrainian agrarians harvested 48.73 million tons of grains throughout the areas of 11.741 million ha, or 82% of the plan. The average yield totaled 4

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Ukraine: over 10.3 MMT of sunflower harvested

As of October 17, Ukrainian farmers threshed 4738.1 thousand ha of sunflower or 80% of the planned area (5916.2 thousand ha), down by 0.4% YoY (4755 thousand ha)

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Ukraine: river transport handling estimated at $250 million

Investment potential of the new storing capacities with possibility of water transport handling is estimated at $250 million. This is what the director of Hermes-Trading Yuri Skichko believes

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Ukraine: offshore companies included in sanctions list

Ukraine for the first time has included several offshore companies posing threat to the national interest in its sanctions list, namely Judson Trading Limited (Cyprus), Rock Ranch Properties S

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Ukraine: foreign trade deficit in goods up in January-August 2016

In January-August the foreign trade deficit in goods in Ukraine totaled $1.465 billion against $548.5 million of the proficit in the same period last year, the State Statistics Service of Ukraine reported

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