Ukraine: throughput of seaports down in January-October 2016

In January-October seaports of Ukraine handled 108,891,000 tons of cargo (down by 8.9% YoY), press center of Ukrainian Sea Ports Authority reported

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Ukraine: law extending moratorium to sell farmland comes into effect

The law extending a moratorium to sell farmland until 2018 passed by Ukraine’s Verkhovna Rada on October 6, was officially published in Holos Ukrainy parliament’s newspaper on November 1

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Azerbaijan Russia’s promising partner in non-oil sphere

Azerbaijan and Russia have the widest prospects for development of relations in the non-oil sphere, Chief of the Russian Presidential Directorate for Interregional Relations and Cultural Contacts with Foreign Countries Vladimir Chernov reported

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Azerbaijan receives export compensation appeals

Azerbaijan’s Economy Ministry has already received first appeals from entrepreneurs regarding the partly repayment of their expenses for products’ export, the country’s Economy Minister Shahin Mustafayev reported

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Azerbaijan negotiating construction of pharmaceutical plants

Azerbaijan will launch the construction of several pharmaceutical plants soon, Shahin Mustafayev, Azerbaijani minister of economy, reported. Mustafayev added that at present, Azerbaijan was holding talks on the cooperation in field of pharmaceutics with a number of countries

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Azerbaijan and Dagestan agree to seek investors jointly

Azerbaijan and Russia’s Dagestan agreed to cooperate on development of foreign economic relations. A memorandum of cooperation was signed between Agency for Entrepreneurship and Investments of Dagestan Republic of Russia and Azerbaijan Export and Investments Promotion Foundation (AZPROMO) during the 7th Azerbaijani-Russian Interregional Forum in Baku

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Azerbaijan and Russia to expand flights network

Azerbaijan and Russia intend to expand the network of flights, which are currently carried out in six directions between the two countries, Head of the International Cooperation Department of the Federal Agency for Tourism of Russia Valery Korovin said

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Azerbaijan and Vietnam to develop joint projects

Vietnam offers Azerbaijan certain proposals for cooperation in energy, transportation, agriculture and commerce, the Azerbaijani ambassador to Vietnam Anar Imanov reported

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Azerbaijan: $74 million to be invested in medicine plant

The Azerbaijani-Russian joint pharmaceutical plant will come to full production capacity in 2020, Azerbaijan’s Economy Minister Shahin Mustafayev said

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Bulgaria: corn harvesting in October 2016

According to Bulgarian Ministry of Agriculture, as of October 20, nearly 371thousand ha of corn were threshed, which was 88% of the intended area (423 thousand ha)

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Azerbaijan: currency reserves of the Central Bank down

Currency reserves of the Central Bank of Azerbaijan (CBA) decreased by $127.2 million MoM (3.08%) to $4.005 billion in October, according to the CBA statistical data

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Ukraine: IMF revises forecast of GDP-to-foreign debt ratio growth in 2016-2017

The International Monetary Fund (IMF) has revised upwards expectations regarding the ratio between Ukraine’s gross foreign debt and GDP in 2016-2017

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Europe: SGC project running in very professional manner

The Southern Gas Corridor (SGC) project is running in very professional manner, European Commission Vice President for Energy Union Maros Sefcovic reported

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Azerbaijan: SOCAR extends tender term on DESFA deal

Azerbaijan’s state oil company SOCAR made a decision to extend the term of a letter of guarantee on the tender to buy a 66-percent stake in the Greek national gas transmission system operator DESFA for another month, Anar Mammadov, SOCAR Energy Greece executive director, reported

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Europe: Macedonia – Greece pipeline to enable gas supply via TAP

The interconnecting gas corridor between Macedonia and Greece will use the Trans-Adriatic Pipeline (TAP) for supply of natural gas from Azerbaijan, CEO of Macedonian Energy Resources Skopje company Krste Miladinov reported

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Kazakhstan to significantly increase grain exports to China

In the coming years, Kazakhstan plans to significantly increase the exports of grains to the market of China – to 1-1.5 million tons annually since 2017-2018 period, with up to 2-2

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Kazakhstan: Kashagan oil to go via Azerbaijan once Phase 2 starts

A need will emerge to transport oil from Kazakhstan’s Kashagan field through Azerbaijan when Phase 2 of the field’s development starts, the press service of the Kazakh Energy Ministry reported

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Kazakhstan: inflation hits 6.2% since early 2016

Inflation rate in Kazakhstan hit 6.2% in January-October, Statistics Committee of the Ministry of National Economy of Kazakhstan reported. Food prices have increased by 5

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Ukraine: farmers gather over 12 MMT of sunseed

Ukrainian farmers are completing sunseed harvesting. As of October 31, sunseed was gathered from 5490.5 thousand ha or 93% of the intended area (5916

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Ukraine: gas production up in January-October 2016

Natural gas production in Ukraine in January-October increased by 0.9% (by 151.8 million cubic meters) YoY, to 16.661 billion cubic meters. According to PJSC Ukrtransgaz, in October gas production amounted to 1

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Ukraine: Berdyansk seaport to invest $10 million in construction of a grain terminal

Berdyansk Commercial Sea Port is ready to invest $10 million in construction of a grain terminal, and use the experience of the city Gdansk in Poland, the head of the port Nikolai Ilyin declared

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Ukraine: Vinnitsa oil and fat complex expanding capacities

This year ViOil company invested 100 million UAH in the capacity modernization of Vinnitsa oil and fat complex. Daily crushing capacity is now increased to 3 KMT of oilseeds, which will contribute 30% to crushing productivity

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Ukraine: moisture content of new crop sunflower seed and soybeans exceeds the allowance

To date the Ukrainian market of oilseeds (sunflower seed, soybeans) demonstrates high moisture indicators, which exceed the standard. According to market operators, the moisture content of sunflower seed varies within the range of 11-16%, and soybeans – 12-18%

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