Ukraine: SFGCU discussing grain railcar production

Azovmash Group and Kryukovsky Railway Car Building Works (KRCBW) are in talks with PJSC State Food Grain Corporation of Ukraine (SFGCU) about the possibility of building grain railcars for the corporation

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Latvia: investment inflow to be positive

In Q3, the current account formed a surplus of 1.5% of the country’s GDP, according to the data from the Bank of Latvia. This year’s general surplus is 1

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Estonia: manufacturers step up against excise tax hike on natural gas

Nine representative bodies of Estonia’s manufacturing industry and the Estonian Employers’ Confederation jointly addressed the government protesting against a planned excise tax hike on natural gas

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Bulgaria: barley sown acreage down in favor of rapeseed

Bulgaria’s fall planting has come to its final stage. The country experienced contradictory weather conditions in the course of this work

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Ukraine: further ASF outbreaks reported

A new outbreak of African Swine Fever (ASF) has been reported on a Ukrainian backyard pig farm in Stavrove, Odessa, close to Moldova. Of the nine pigs on the farm, eight cases were confirmed

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Ukraine: Belorusneft starts hydraulic fracturing operations for Ukrgazvydobuvannia

Belorusneft specialists have started performing hydraulic fracturing operations under the contract with Ukrgazvydobuvannia, a statement on the website of the oil company reads

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Belarus to increase supplies of agricultural machinery to Nicaragua

Belarus plans to increase supplies of agricultural machinery to Nicaragua. This matter was discussed during a working visit of Ambassador Extraordinary and Plenipotentiary of Belarus to Ecuador Igor Poluyan to Nicaragua, the press service of the Belarusian Ministry of Foreign Affairs reported

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Azerbaijan: Central Bank to tighten monetary policy in 2017

Azerbaijan’s Central Bank (CBA) will carry out tight monetary policy in 2017, the CBA Chairman Elman Rustamov said. “Due to transition to a floating exchange rate of Azerbaijani manat, we switched to targeting the growth of money supply”, Rustamov said

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Ukraine: coal production up in January-November 2016

Ukrainian coal mining companies increased production by 1.7% YoY in January-November (by 629,700 tons), to 37.003 million tons. A source in the Ministry of Energy and Coal Industry reported that coking coal production increased by 3

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Azerbaijan: US should be at SGC consultative council meeting

Azerbaijan’s Energy Minister Natig Aliyev noted the importance of the United States’ representation at a high level at the 3rd consultative council of ministers on the Southern Gas Corridor project in order to give political support to the project, the Azerbaijani Energy Ministry said

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Azerbaijan: economy to grow in 2017

Slowdown of the global economy’s development, deterioration of the macroeconomic indicators affected Azerbaijani economy as well, the country’s parliament speaker Ogtay Asadov said

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Azerbaijan: ADB ready to support business and banking sectors

The Asian Development Bank (ADB) is ready to support small and medium-sized enterprises (SMEs) in Azerbaijan, a source in the country’s government reported

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Ukraine to conclude revised Agreement on Mutual Promotion and Protection of Investments with Turkey

The government of Ukraine plans to conclude a revised Agreement on Mutual Promotion and Protection of Investments with the government of Turkey, the Economic Development and Trade Ministry of Ukraine reports

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Azerbaijan: 12 more state properties privatized

In an auction held on December 6, by Azerbaijan’s State Committee on Property Issues, 12 state properties were sold as part of a new privatization program

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Kazakhstan to create the agricultural export center

Kazakhstan plans to found the agribusiness export center, which will realize the promotion of domestic agricultural products on foreign markets, the press-service of the Ministry of Agriculture declared

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Kazakhstan: grain crop net weight up

Kazakhstan’s total crop of grain after conditioning reached 21.5 MMT, agriculture vice-minister Gulmira Isayeva said. In addition, she said, the nation was going to export 9 MMT of grain

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Ukraine becoming monopoly supplier of sunflower meal to India’s market

It is an open secret that India is the key destination market for Ukrainian sunseed oil. 1.4 MMT of this commodity was shipped to the country from Ukraine in 2015/2016

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Kazakhstan: factory for processing of oil to open

A new plant for processing of oil raw materials will open on the basis of large enterprise LLP “Taiynsha-May” in the village of Ilichevka

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Kazakhstan and Mexico to take part in OPEC’s Vienna meeting

Two non-OPEC countries, Kazakhstan and Mexico, have announced that they will take part in OPEC’s meeting to be held in Vienna on December 10

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Ukraine: upgrade of Chornomorsk oil-extraction plant to double its capacity

The company ADM has completed upgrade of an oilseed crushing plant in the town of Chornomorsk, Odessa region. Apart from having doubled the plant’s crushing capacity, its new equipment allows processing rapeseed, in addition to sunseed, and makes the production cheaper and more competitive

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