Ukraine: palm oil imports up in September-November 2016

According to the official customs figures, in September-November period of 2016/2017 MY Ukraine imported 81.6 thousand tons of palm oil, up by 67% YoY (48

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Latvia: Freeport of Riga ready for winter and ice navigation

According to the Regulations of the Cabinet of Ministers winter navigation in all Latvian ports begins on December 15, and ends on April 15, says Freeport of Riga Authority

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Ukraine: export prices for milling wheat up in mid-December 2016

Export prices for Ukrainian milling wheat went up again, though slightly, in view of growing Chicago wheat futures and shrinking supply of Ukrainian wheat on the world market

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World: four countries sign a memorandum to develop the Trans-Caspian route

In the course of a quadruple meeting with participation of Azerbaijani Railways Head Javid Gurbanov, Kazakhstani Railways President Kanat Alpysbayev, Turkish Railways CEO Veysi Kurt and Georgian Railways Chairman Mamuka Bakhtadze, the parties discussed the development prospects of the Trans-Caspian international transport route, issues of increasing freight traffic along this route and optimization of tariffs

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Ukraine: soybeans exports in November 2016

In November Ukrainian soybean exports revived and their monthly total hit a record high. 537.6 KMT of soybeans were exported in November, or almost three times as much as in October (192

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Ukraine: EBRD providing up to EUR 8 million to Kremenchuk to buy 50 new trolleybuses

The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to EUR 8 million to Kremenchuk municipal trolleybus company (KTU) for the acquisition of 50 new low-deck trolleybuses, including spare parts and maintenance tools, as well as the workshop maintenance and diagnostic equipment for the new fleet, the press service of the EBRD has reported

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Ukraine: agricultural production to grow in 2016

In 2016 agricultural commodities production in Ukraine will increase by 3%, the Ministry of Economic Development and Trade of Ukraine declared

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Ukraine: court declares Odessa CHPP bankrupt

The commercial court in Odessa region has declared public joint-stock company Odessa combined heat and power plant (CHPP) bankrupt and launched a liquidation procedure for the period of 12 months

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World: CBOT corn futures strengthen

On December 8-15, CBOT corn prices strengthened by 0.8%. Last week US corn export prices (January delivery) strengthened by $2/MT, while Argentinean and Ukrainian corn supply prices remained unchanged

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Turkey: Bunge increasing assets

Bunge Company intends to increase its presence in Turkey’s vegoils market, having bought shares of the producing company called Ana Gida Ihtiyac Maddeleri ve Sanayi Ticaret

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Ukraine: selling prices of agricultural products up

In January-November the average selling prices of agricultural enterprises for agrarian products increased by 9.3% YoY, the press-service of the State Statistics Service of Ukraine declared

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Baltic States: housing affordability improves only in Riga

In Q3 Riga was the only Baltic capital where housing affordability had improved in comparison with the same period of 2015. Growth of average net wages and decline of interest rates contributed to the improvement of housing affordability

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Latvia: Riga Freeport to retain stable positions among Baltic ports

On December 20, Riga Freeport Authority approved of the budget for 2017 in accordance with goals listed in Development program 2009-2018. Planning the next year’s budget revenue section, participants of the meeting took into account the cautious cargo turnover outlook, which was based on cargo turnover plans submitted by stevedore companies

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Latvia: amendments to Micro-enterprise Tax Law to come into effect in 2017

Starting from 2017, micro-enterprise tax rate in Latvia will be 15% of turnover. At the same time, the government has decided to cancel the introduction of minimal social insurance fees

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Ukraine: parliament liberalizes Tax Code

Ukraine’s Verkhovna Rada has approved at second reading bill No. 5368 liberalizing the Tax Code. A total of 240 lawmakers backed the document

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Latvia: alcohol market to be affected by legislative changes in neighboring countries

Latvia’s alcohol market will be affected by changes in legislative regulations and import prices in neighboring countries next year, spokesperson of Liviko alcoholic beverages importer and wholesale trade company and Latvian Alcohol Industry Association Gennady Klepikov reported

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Ukraine: agricultural trade with Egypt reaches $1 billion

Over the ten months of 2016 turnover in the agriculture sector between Ukraine and Egypt has reached $1 billion. Deputy Agrarian Policy and Food Minister of Ukraine on European Integration Olha Trofimtseva stated this during the Ukrainian-Egyptian Business Forum and a sitting of the Ukrainian-Egyptian Business Council with participation of Ambassador of Egypt to Ukraine Hossam Eldeen M

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Europe: ADM to expand capacities for deep corn processing in the Black Sea region

ADM Company is planning to significantly expand capacity of its corn processing facilities in Turkey and Bulgaria by the end of the first half of 2018

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Ukraine: 2% cash currency purchase tax revoked

Ukraine’s Verkhovna Rada has revoked 2% pension tax imposed on cash currency purchase transactions. The requirement is outlined in bill No

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Ukraine: record volumes of sunflower seed exported in November 2016

According to the official customs statistics, in November Ukraine exported 80.5 thousand tons of sunflower seed, down by 3% YoY (83.3 thousand tons), which became a record result of monthly shipment for 6 recent seasons

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Ukraine: Rada increases basic excise duty for petrol

Ukraine’s Verkhovna Rada has endorsed bill No. 5132 increasing the basic excise duty for petrol by 24.5% or EUR 42, to EUR 215.50 per 1,000 liters

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