Business World Magazine: пятница, ноября 25, 2016

Business World Magazine

25.11.2016

Ukraine: 56 out of 105 Ukroboronprom companies profitable

Head of Ukroboronprom State Concern Roman Romanov has stated that currently only 56 out of the 105 enterprises in the group structure are profitable

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Kazakhstan: September flour exports hit a record high since 2010

Kazakhstan started the new flour season of 2016/2017 with brisk exports. 177 KMT of flour was supplied to foreign markets in September, up by 18

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Kazakhstan: record volumes of vegetable oils produced in October 2016

According to the Agency of Statistics of the Republic of Kazakhstan, in October the production volumes of vegetable oils reached the record figures – 33

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Ukraine: line of investors to buy HPPs and Odessa Port-Side Plant

An auction to sell Ukrainian hydroelectric power plants (HPPs) aroused competition among investors. Dialog is being held about the privatization of Odessa Port-Side Plant, Head of the State Property Fund (SPF) Ihor Bilous said

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Azerbaijan: privatization in investment tenders gives $1.1 billion

$1.1 billion have been invested in Azerbaijan’s economy through investment tenders, Rafig Jalilov, deputy chairman of Azerbaijan’s State Committee on Property Issues, said

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Belarus: large waste recycling plant to be built in Minsk region

Plans have been made to build a large waste recycling plant at the border of Smolevichi district and Borisov district. The enterprise will utilize a complete production cycle, Nikolai Svirsky, Head of the Beautification and Secondary Material Resources Department of the state enterprise Minsk Region Utilities, reported

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Moldova: agrometeorological conditions and winter crops

On November 14-20, it was cooler than usual and insignificant precipitation was registered. The average weekly air temperature in the country was +1

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Ukraine: Crown Agents to buy medicines using 2016 state budget funds by March 2017

International British procurement agency Crown Agents plans to purchase drugs and medical products from funds of the national budget of Ukraine for 2016 by March next year, Crown Agents senior procurement consultant Christine Jackson has said

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Kazakhstan: milling wheat prices growing supported by strong demand

The export market of Kazakhstan saw growth of milling wheat prices last week. It was fueled by the following factors: reviving demand from key importers; consequent growth of Kazakh wheat exports by a third against 2015 early in the season; rising domestic prices for milling wheat in Kazakhstan against the background of volatility of the national currency; persistent increase in export prices for milling wheat in other Black Sea countries

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Bulgaria: bullish trends on wheat export and domestic markets

Purchase prices for grain in Bulgaria’s domestic market closed the week with an increase following their downturn a week ago. At the same time, the Bulgarian lev has devalued by almost 5% over the two weeks

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Ukraine: potential of organic production underused

Ukraine uses the potential of organic agricultural production by less than 10%, while this sector is promising for the development of small and medium-sized businesses, Agrarian Policy and Food Minister of Ukraine Taras Kutovyi said

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Belarus: BelAZ designs dump truck for subsurface mining

Belarus’ BelAZ heavy-duty truck manufacturer (Zhodino, Minsk region) has designed the MoAZ-65010 dump truck for subsurface mining. The compact dump truck with a 15-ton load capacity has been custom-made for Russia’s OAO Kombinat KMAruda

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Belarus: Gomselmash dispatches first batch of cotton harvesters to Cameroon

The Belarusian mechanical engineering company Gomselmash has sent the first batch of cotton harvesters to Cameroon, Igor Korotkevich, First Deputy Director of the company’s Regional Sales Department, reported

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Belarus: roadmap for upgrading SME capacity drafted

Belarus endorses the recommendation of the OECD in terms of upgrading SME capacity and has already developed specific measures to implement them, Belarus’ Economy Minister Vladimir Zinovsky said during the roundtable held as part of the OECD Eurasia Week 2016 in Paris

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Ukraine: Ukrzaliznytsia to boost capital investment in 2017

Public joint-stock company Ukrzaliznytsia seeks to boost capital investment 2.4 times in 2017, to 27.4 billion UAH from 11.2 billion UAH expected in 2016, according to a company presentation shown during the phone conference with investors

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Belarus-Turkey business council to meet in Minsk in 2017

The Belarusian-Turkish business council will sit in Minsk in 2017. The matter was discussed at the meeting between Belarus’ Consul General in Istanbul Vladimir Mironovich and Chairman of the Foreign Economic Relations Board of Turkey Omer Cihad Vardan, the press service of the Belarusian Ministry of Foreign Affairs reported

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Azerbaijan: financial sector to be restructured by year-end

Restructuring of Azerbaijan’s financial sector may be completed by the end of 2016, Rufat Aslanli, chairman of the board of directors at the country’s Financial Market Supervisory Authorit, said

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Azerbaijan: no need to rush in privatizing large enterprises

Privatization of Azerbaijan’s large state enterprises, including state oil company SOCAR, requires time and such issues must not be hurried, Rafig Jalilov, deputy chairman of Azerbaijan’s State Committee on Property Issues, said

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Ukraine: no more credits from EU and IMF in 2016

International reserves of the National Bank of Ukraine (NBU) are projected to increase to $17.5 billion by the end of 2016, if Ukraine receives a credit totaling 600 million euros from the European Union and a credit totaling $1

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Azerbaijan-Iran railway bridge to be ready at year-end

Construction of a railway bridge across the Astarachay river at the border of Azerbaijan and Iran as part of the North-South Transport Corridor will be completed in December, Javid Gurbanov, head of Azerbaijan Railways, reported

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Azerbaijan: AZAL’s new campaign on flights to Tel Aviv

Azerbaijan Airlines (AZAL) announced a new campaign for flights on the route from Baku to Tel Aviv. When buying from December 1 to 20, an air ticket for the flights on Baku-Tel-Aviv-Baku route in the period from January 10 to March 10, 2017 will cost 299 euro

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Azerbaijan and Iran to launch new passenger train

A passenger train will be launched between Azerbaijan’s Nakhchivan and Iran’s Mashhad before late November, Javid Gurbanov, head of Azerbaijan Railways CJSC, reported

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Ukraine: trade turnover with EU up in January-September 2016

The trade turnover between Ukraine and the EU increased by 6% YoY in January-September 2016 as a result of the Free Trade Area Agreement, which came into effect on January 1, 2016

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