Ukraine: Kernel to fully load its processing capacities

In 2017 Kernel plans to use its processing capacities to full extent and increase sunflower seed crush to 3 MMT. Record sunflower crop in Ukraine will increase availability of additional raw material on the market, which has higher profitability compared to other crops

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USA: interest in Azerbaijan energy projects to stay at high level

Donald Trump’s victory in the US presidential elections denotes that a new era is underway both in world economy and world policy, Levente Kozma, the former Hungarian senior foreign policy advisor, reported

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Ukraine: Southeast Asia strategic export direction for agrarians

The markets of South-East Asia is a strategic direction for the exports of Ukrainian agricultural products, the Deputy Minister of Agrarian Policy and Food of Ukraine for European Integration Olga Trofimtseva declared

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Turkey: SOCAR to create chemical industrial park

SOCAR Turkey Enerji A.S., a subsidiary of Azerbaijan’s state oil company SOCAR, wants to create a chemical industrial park, Hayati Ozturk, chief advisor of SOCAR Turkey Enerji A

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Kazakhstan: Russian banks slow down activity

Russian banks have slowed down their activeness in Kazakhstan. The total loan portfolio of Kazakh subsidiaries of Russian banks decreased by 154 billion tenges, or by 11% since the beginning of 2016

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Germany: safe gas transit through Ukraine and expansion of cooperation with alternative suppliers in priority

Maintaining safe gas transit through Ukraine, expansion of cooperation with gas suppliers that are alternative to Russia are priorities for Germany, Minister of State for Europe at the German Federal Foreign Office Michael Rothousand has stated

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Romania: winter rapeseed to enter winter in well-developed condition

Last week air temperature fluctuated within +5..+15 degrees C with maximum reaching +20 and minimum lowering to -2. 5-10 cm soil layer warmed to +4-14 C in the daytime

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Belarus: Polish companies want barriers to trade removed

Private business companies of Poland are looking forward to the removal of barriers to trade with Belarus. Ryszard Zarudzki, Poland’s First Deputy Minister of Agriculture and Rural Development, made a statement to this effect while presenting the program “Flavors of Europe: Quality and Traditions” on November 8

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Europe: oilseed production estimates for Black Sea countries

The forecasts for 2016/2017 oilseed production in Black Sea countries did not change substantially in the October USDA report. The adjustments only concerned Russia

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Ukraine: number of unprofitable banks down in January-September 2016

The number of unprofitable banks in Ukraine in January-September decreased to 35 out of 100 operating banks, while in 2015 loss was recorded at 41 banks, in 2014 – at 52 banks

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Ukraine: Agrarian Policy Ministry wants to introduce post of agricultural attaches

The Agrarian Policy and Food Ministry of Ukraine suggests introducing the post of agricultural attaches, who will deal with the establishment of trade representations in the regions, which are of major interest for the exporters

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Turkey: new appointment at Petkim petrochemical complex

New deputy director general on business support at Turkish petrochemical complex Petkim has been appointed, according to a message posted on the website of the Public Disclosure Platform

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Moldova to increase grain exports through Giurgiulesti port

The Moldavian company Trans Cargo Terminal LLC, a subsidiary company of the group Trans-Oil, will double its capacities of grain exports through the Giurgiulesti International Free Port, the Ministry of Economy of the Republic of Moldova declared

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Malaysia to study participation in TAPI construction

The Malaysian government will study the possibility of its companies’ participation in the construction of the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline, Prime Minister of Malaysia Najib Razak said

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Albania: another innovation in process of TAP construction

A modern technology called horizontal directional drilling (HDD) has been used for ensuring the crossing of the Trans-Adriatic Pipeline (TAP) through Albania’s Seman river, which is another first for the country, said the message on TAP’s website

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Moldova: government allows oil imports to Transnistria

On November 9, the government of Moldova approved of several changes to the ways of importing oil products through the Eastern border of the Republic of Moldova, in other words through the separatist region of Transnistria

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Azerbaijan: British Airways closes office

The UK’s air carrier British Airways has closed down its representative office in Azerbaijan. Creditors may submit their claims within two months to: Hyatt Tower-2, 8, Izmir Street, Yasamal district, Baku, Azerbaijan

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Ukraine: Astarta interim report for January-September 2016

Revenues in the sugar segment of Astarta amounted to EUR 100 million (46% of consolidated revenues). Sugar sales volumes corrected by 11% to 237 thousand tons on the advancing market

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Ukraine: grain seeding progress ahead of last year

As of November 8, winter crops had been sown at 6844 thousand ha, or 93% of the forecast area – 7374 thousand ha. This included 5836 thousand ha of winter wheat and triticale – 94% from the planned (5573 thousand ha in 2015), 157 thousand ha of rye – 106% (144 thousand ha in 2015), 851 thousand ha of barley – 83% (845 thousand ha in 2015)

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Azerbaijan to organize export mission to Egypt until year-end

Azerbaijan plans to organize an export mission to Egypt in 2016, Rufat Mammadov, head of Azerbaijan Export and Investment Promotion Foundation (AZPROMO), reported

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Kazakhstan: flour exports up in 2015-2016

In 2015/2016 Kazakhstan exported 2157 KMT of flour, up by 27% YoY. The key importer of the last season was Afghanistan, doubling purchases to 1174 KMT flour against 660 KMT in 2014/2015 and accounting for 54% in the total flour export structure against 39% in 2014/2015

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Ukraine: Ministry of Economic Development forecasts slight decrease of agricultural production

The Ministry of Economic Development and Trade of Ukraine forecast some decline in the general agricultural production in the country in 2016 – by 0

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