Ukraine: agricultural exports reach nearly $12 billion in 2016

Exports of Ukrainian agricultural products amounted to nearly $12 billion in 10 months of 2016. This is reported by the press service of the Agrarian Policy and Food Ministry of Ukraine

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Ukraine: nationalization saves PrivatBank and entire banking system

Ukrainian President Petro Poroshenko said that the situation with PrivatBank (Dnipro) was not only a threat to itself, but to Ukraine’s entire banking system

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Europe: Latvia becomes leader in alternative loan industry

This year, Latvia climbed to the third place among countries of continental Europe in regards to loans issued online. France and Germany are ahead of Latvia in this industry

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Ukraine: IMF chief calls PrivatBank nationalization an important step to maintain fiscal stability

Managing Director of the International Monetary Fund (IMF) Christine Lagarde has welcomed the decision of the Ukrainian government and the National Bank of Ukraine on the nationalization of PrivatBank, the largest bank in the country, as it is an important step to ensure financial stability

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Ukraine: Boryspil airport’s financial plan for 2016 revised

Ukraine’s Cabinet of Ministers has approved of amendments to the financial plan of the state-run enterprise Boryspil International Airport for 2016 in resolution No

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Ukraine: EBRD to form new team of top managers at PrivatBank

The European Bank for Reconstruction and Development (EBRD) has taken part in forming a new team of top managers of PrivatBank (Dnipro), Ukrainian President Petro Poroshenko has said

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Ukraine: FUIB begins the disbursement of funds to depositors of the PJSC “Bank Mykhailivskyi”

Starting on December 16, First Ukrainian International Bank (FUIB) began to disburse the guaranteed amounts of deposits to the customers of PJSC “Bank Mykhailivskyi”, that is to individuals whose funds were subject to compensation by the Private Deposit Guarantee Fund

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Latvia: farmers and food industry representative predict a nervous 2017

There could be a price increase on dairy products, coffee, oils and oranges next year. This can be explained with trends on world markets. On Latvia’s local markets, however, there could be a price increase for bread, head of Agricultural Resources and Economics Institute’s department Inguna Gulbe said

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Belarus: FEZ Minsk registers composite materials manufacturer

Minsk Free Economic Zone (Minsk FEZ) hosted a resident – NanoComposite, which planned to produce polymer materials with nano particles

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Azerbaijan: wheat imports up in January-October 2016

In January-October the import volumes of wheat to Azerbaijan totaled 1.268 million tons, up by 9% YoY, the State Statistical Committee of the Republic of Azerbaijan reported

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Ukraine: available gas reserves enough for 2016-2017 winter

The gas reserves available in Ukraine are enough to go through the 2016-2017 winter season, energy holding Naftogaz Ukrainy said in a statement

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Kazakhstan: production of flaxseed oil reaches historical record

Due to expansion of the planted areas of flaxseed in Kazakhstan and the growth of its production volumes, the country managed to increase its processing volumes

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Moldova: excise taxes on oil products to increase

Excise taxes on oil products in Moldova will increase more than expected in the next three years. This is stipulated by the fiscal policy for 2017 passed by the Parliament of Moldova in the final reading

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Europe: anti-Russian sanctions officially prolonged

The E.U. has official prolonged its anti-Russian sanctions for six months until July 3, 2017 from December 31, 2016, the E.U. Council said in a statement

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Estonia: MPs pass series of tax changes

The members of Riigikogu passed on December 19, a series of tax changes pushed for by the new Estonian government that set forth increasing excise tax for fuel, light alcohol and raising considerably level of income exempt from income tax

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Ukraine: EBRD strongly supportive of decision to nationalize PrivatBank

President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti has said that the EBRD is strongly supportive of the decision of the Ukrainian government to nationalize PrivatBank and to protect the bank’s depositors, both individuals and businesses

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Estonia: Tekhnolift to supply EUR 3.378 million worth of equipment for Brest Garbage Plant

Estonia’s Tekhnolift will supply EUR 3.378 million worth of special equipment from European manufacturers for the upgrade of the state-owned company Brest Waste Recycling Factory, a company official reported

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Belarus: beef exports up in January-October 2016

Belarus’ proceeds from fresh/chilled beef export totaled $258.863 million in January-October, down by 10.9% YoY, Belstat said in a report

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Moldova: EIB and EBRD to help construct Ungheni-Chisinau gas pipe

EIB and EBRD will provide Moldova with a EUR 82 million loan for the construction of the 120-km-long Ungheni-Chisinau gas pipe. This is stipulated by the financing contract Moldova and the European Investment Bank have signed

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Ukraine: grain exports at seaports up in mid-December 2016

On December 10-16, Ukraine exported 670.1 thousand tons of grains from the seaports against 635.2 thousand tons on the previous week. In particular, wheat shipments reached 202

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