Ukraine: corn shipments hit seven-year low in September 2016

In September corn shipments from Ukraine were minimal over the last seven years due to harvesting delay and exporters’ focus on wheat exports

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Ukraine: foreign trade in agricultural products up in January-September 2016

According to the State Statistics Service, during the first 9 months of 2016 the general turnover of foreign trade of Ukraine in agricultural products (groups 1-24 of UKT VED) totaled $13

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Belarus: hundreds of state-owned farms subject to pre-trial financial readjustment

As many as 323 partially or fully state-owned agribusiness companies in Belarus are subject to pre-trial financial readjustment, while another 102 farms face bankruptcy, in accordance with the government’s resolution No

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Moldova: free trade agreement with Turkey comes into effect

On November 1, the Free Trade Agreement between Moldova and Turkey came onto effect. The document implies a number of advantages for local businesses, especially for farmers

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Moldova: foreign car owners to pay excise duty in 2 months

For two month owners of vehicles registered abroad can pay 30% of the car excise duty when clearing customs. Besides, the registration of vehicles older than 10 years will be allowed in Moldova

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Ukraine: EBRD downgrades forecast for GDP growth in 2016

The European Bank for Reconstruction and Development (EBRD) expects the Ukrainian economy to grow in the current year by 1.5% and the growth will accelerate to 2% next year

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Ukraine: EIB to finance grain logistics projects

The European Investment Bank (EIB) is considering the possibility of financing the projects of Ukrainian grain market operators to expand and modernize their logistics infrastructure, according to the website of this international financial institution

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Bulgaria: wheat opens new markets

According to the president of Bulgarian Association of Grain and Feed Traders (BAGFT) Martin Rusev, wheat exports are estimated at 3.9 MMT in the 2016/2017 MY, of which 2

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Kyrgyzstan: Bishkek hosts SCO Council of Heads of Government

An expanded format meeting of the Shanghai Cooperation Organization (SCO) Council of Heads of Government took place in Kyrgyzstan’s capital, Bishkek

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Belarus: bill on power engineering in development

Participants of the session of the Council of Ministers Presidium discussed the concept of the bill on power engineering. The session was chaired by Prime Minister of Belarus Andrei Kobyakov, the press service of the Belarusian government reported

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Belarus modifies VAT deduction regulations for imported goods

Belarus’ government has the terms of VAT deduction with regard to goods imported by business companies. In accordance with President Lukashenko’s ordinance #396 dated October 28, Belarusian entities, which import products and sell them on the home market in an unmodified condition, shall have their import VAT deduction delayed by 60 days (down from 90 days)

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Belarus and Indonesia planning infrastructure projects in transport sector

Ambassador Extraordinary and Plenipotentiary of Belarus to Indonesia Vladimir Lopato-Zagorsky met with Indonesian Transport Minister Budi Karya Sumadi, the press service of the Ministry of Foreign Affairs of Belarus reported

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Belarus: Belagroprombank offers special credits to SME

Belarus’ Belagroprombank has announced a special offer (valid from till February 28, 2017) with credits for small business development available at 19% (Belarusian rubles) and 9% per annum (dollar and euro)

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Kyrgyzstan to hold referendum on constitution amending

Kyrgyzstan’s President Almazbek Atambayev signed the law on scheduling the referendum on making amendments to the country’s constitution for December 11, said the message posted on the president’s website

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Kyrgyzstan calls for creation of SCO development bank

Kyrgyzstan calls for creation of a development bank and a development fund of the Shanghai Cooperation Organization (SCO) in a short time, Kyrgyz acting Prime Minister Sooronbai Jeenbekov said

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Ukraine: government retains 3% of GDP deficit projection for 2017

The Cabinet of Ministers of Ukraine takes into account lawmakers’ proposal to retain the 2017 national budget deficit at 3% of the gross domestic product (GDP) when finalizing the draft state budget for the second reading, Prime Minister Volodymyr Groysman has said

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Ukraine: energy minister proposes putting shelf fields seized by Russia up for tender to sign PSA

Ukrainian Energy and Coal Industry Minister Ihor Nasalyk has proposed to put shelf fields seized by Russia to sign product sharing agreements (PSA) with foreign companies

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Ukraine to increase harvest volumes of milling rye

In the current season, the prices for rye in Ukraine are comparable to the prices for feed wheat, which will possibly lead to increasing the planted areas of rye, the Commercial Director of Rivne-Boroshno PJSC Roman Tsaruk declared

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Ukraine has enough coal and gas for winter

Ukraine has enough energy at the beginning of winter, Ukrainian President Petro Poroshenko has said. “One of the achievements we showed in the past two years is that today the share of gas-consuming energy in the balance of energy consumption is around 60%

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Ukraine: container shipping of oilseed by-products up

In 2015/2016 MY, Ukraine increased the export shipment of vegetable oils by containers, the Associated Partner at Global Ocean Link Pavel Mirzak declared

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Ukraine: ArcelorMittal Kryvyi Rih pays over 72 million UAH fine for damage to environment

ArcelorMittal Kryvyi Rih has paid over 72 million UAH of losses caused to the state in violation of environment protection legislation as it has been prescribed by court

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