Ukraine: European market of top priority

The market of the European Union is one of the top-priority ones for products of Ukrainian agrarians, the Head of the State Service on Food Safety and Consumers Protection Volodymyr Lapa declared

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Ukraine: 4.8 million tons of barley exported in 2016

In 2016 Ukraine exported 4.8 million tons of barley, up by 170 thousand tons YoY, the State Fiscal Service of Ukraine reported. Barley export declined in monetary terms to $665

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Estonia: milk retail price reaches 55 cents per liter

After a long period of low milk purchase prices in Estonia, milk retail prices in the Baltic country have increased twice, reaching the point where farmers received just enough to cover milk production costs

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Latvia: Parliament supports amendments to avoid expensive land-measuring actions

It will no longer be necessary to prepare land border plan for entry of land units in the Land Book. It will help save budget funds, as it will not be necessary to perform land-measuring actions, as reported by Saeima press-service

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Ukraine: Odessa Sea Port Authority issues ice advisory

Inchcape Shipping Services (ISS) is warning that an ice advisory has been issued by Odessa Sea Port Authority due to ice forming in the port harbor, the company said in its press release

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Ukraine: Ukrenergo to modernize energy system in cooperation with KfW

Ukrenergo National Power Company considers involving the German development bank KfW in the modernization of Ukraine’s energy system. “Ukrenergo and KfW have been long-standing strategic partners

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Ukraine: NABU not to close Energoatom bribe case

The pretrial investigation into facts of taking bribes in procurement tenders held by National Nuclear Generating Company Energoatom to buy equipment from Czech Skoda JS known in mass media as the Martynenko (former MP Mykola Martynenko) case will be continued

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Ukraine: Ukrzaliznytsia transferred to government’s management

Ukraine’s Cabinet of Ministers has transferred public joint-stock company Ukrzaliznytsia to the management of the government to increase efficiency of its corporate management, Secretary of the Infrastructure Ministry of Ukraine Adnriy Haluschak has reported

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Belarus: considerable part of Russia’s demand for milk satisfied

Belarus satisfies a considerable part of Russia’s demand for milk, Member of the Board (Minister) for Industry and Agribusiness of the Eurasian Economic Commission (EEC) Sergei Sidorsky said

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Uzbekistan: over 8.2 million tons of grain produced in 2016

The implementation of numerous measures on agriculture development for the period 2016-2020, aimed at ensuring increased yields and productivity of agricultural products, the expansion of cultivated lands for growing fruit and vegetables, resulted in increased volumes of products (services) in agriculture, forestry and fishing at 6

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Uzbekistan: sale of state properties simplified

President of Uzbekistan Shavkat Mirziyoyev has signed a decree “On measures to further simplify and accelerate sale of state properties to be used for business purposes”

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Tajikistan: ADB assistance to be around $107 million in 2017

The Asian Development Bank (ADB) has released its updated 2017 to 2019 country program for Tajikistan. In accordance with this program, ADB will support energy and road development, improving food security, strengthening investment climate, inclusive health, and sustainable urban infrastructure in the country, according to the message posted on the bank’s website

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Ukraine: new head of USPA criticizes Odessa port management

The Acting CEO of Ukrainian Seaports Authority Raivis Veckagans held a meeting at the port of Odessa, during which he criticized the port’s management

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Ukraine: rice imports down in 2016

Rice imports to Ukraine continued shrinking this season. Ukraine imported 14 KMT of rice from July till November 2016/2017, down by 35% YoY. India continues to be Ukraine’s traditional rice supplier, though with noticeably reduced shipments

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Ukraine: record volumes of sunflower oil exported in 2016

Last year, Ukraine supplied 4.8 million tons of sunflower oil to foreign markets, up by 23% YoY, which became a record, the association of enterprises for vegetable oils and fats production and processing Ukroliyaprom declared

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Ukraine: Astarta boosts production in all business segments in 2016

The operation results of Astarta agroindustrial holding improved in all business segments in 2016, the company’s press service reported

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Ukraine: 4 international companies supplying gas

Four international companies are supplying imported gas to Ukraine to sell it to local consumers, Commercial Director of the national joint-stock company Naftogaz Ukrainy Yuriy Vitrenko reported

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Russia: Vladivostok SFP fish throughput up in 2016

In January-December 2016 Vladivostok Sea Fishing Port (Vladmorrybport OJSC) handled 327,000 tons of fish cargo (up by 6.3% YoY) Transshipment of containers totaled 142,364 TEUs (+10

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Moldova: settling Transdniester debt to Gazprom hard

Moldova has outlines for settling its debt to Russian gas giant Gazprom, but the debt of the breakaway Transdniester republic is a complicated issue, Moldovan President Igor Dodon said

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Ukraine: Kernel Holding S.A. rated preliminary ‘B’

S&P Global Ratings assigned its preliminary ‘B’ long-term corporate credit rating to Kernel Holding S.A. (Kernel), a Ukraine-based producer and exporter of sunflower oil and grains

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Ukraine: Naftogaz not to clear $5.3 billion bill until Stockholm arbitration decision issued

National joint-stock company Naftogaz Ukrainy has confirmed that it received a $5.3 billion bill from Russia’s Gazprom for gas the company did not order in 2016

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Belarus to implement new projects with Austria’s Kronospan

Belarus is eager to implement new projects with Austria’s Kronospan Group, Belarusian Prime Minister Andrei Kobyakov said as he met with Kronospan owner Peter Kaindl on January 18

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Uzbekistan: FEZ “Jizzakh” produces 255.2 billion soums worth of goods

The presidential decree “On additional measures for the intensification and expansion of activities of free economic zones” dated October 26, 2016 serves as an important guide to action in creating a more favorable investment climate, expanding privileges and preferences

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Ukraine: Naftogazvydobuvannya begins drilling new well

Naftogazvydobuvannya operated by DTEK Naftogaz has commenced drilling a new well at Semirenkivske gas and condensate field. The project will employ new engineering solutions and environmental approaches

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Ukraine: money stock up in December 2016

Money supply in Ukraine in December 2016 increased by 5.4%, to UAH 1.102 trillion, according to preliminary monetary statistics data, posted on the website of the National Bank of Ukraine (NBU)

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Ukraine: Viktor & K increasing oilseed crushing capacity

The private enterprise Viktor & K (“Korolivsky Smak” brand) is planning to launch a soybean crushing plant in autumn. The new plant will create some 1,000 jobs

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Ukraine: official unemployment rate up in December 2016

In December 2016 the official unemployment rose by 0.2% to 1.5%, the State Statistics Service has said this in a statement. As of January 1, 2017 the State Employment Service registered 390,800 unemployed people

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Ukraine: car production down in 2016

Production of passenger cars in Ukraine in 2016, according to preliminary data from the Ukrautoprom association, decreased by 23.2% YoY, to 4,340 units

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Belarus: Domostroenie exports of wooden houses to France to double

The Domostroenie branch of the Shklov-based newsprint mill will build and ship more than 70 frame-panel houses to France in 2017 or twice as much as in 2016, representatives of the company reported

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Uzbekistan: over 218 thousand small businesses operating

Comprehensive measures to further improve the business environment, to ensure reliable protection of small business and private entrepreneurship, to remove the barriers for their comprehensive support and accelerated development contributed to the creation of some 31 thousand new small businesses in 2016, according to SSC information service

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Ukraine: Gazprom bills Naftogaz $5.3 billion for gas under take-or-pay provisions for 2016

Gazprom has billed Naftogaz Ukrainy $5.3 billion for not accepting contracted take-or-pay provisions for gas. If that amount is included in the earlier declared claims in the Stockholm arbitration case, the amount of claims in the case of fulfilling the contract on supplies will grow to $37 billion, which makes up more than half of Gazprom’s capitalization of $61 billion

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Kazakhstan: gold production up in 2016

Kazakhstan produced nearly 74.63 tons of unprocessed, semi-processed and powder gold in January-December 2016, up by 17.3% YoY, the Kazakh Statistics Committee said

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Ukraine: Fitch rates Kernel’s planned eurobond ‘B+(EXP)’

Fitch Ratings has assigned Kernel Holding S.A.’s planned benchmark USD unsecured eurobond an expected rating of ‘B+(EXP)’, Fitch said in a press release

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Ukraine: customs experiment allows collecting extra UAH 2.8 billion for road repairs

A customs experiment introduced by the government of Ukraine in September 2015 allowed in 2015-2016 to collect an additional UAH 2.8 billion to local budgets for road infrastructure repairs, of which nearly UAH 1

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Ukraine: more low cost airlines to operate in 2017

Infrastructure Minister of Ukraine Volodymyr Omelian says that more low cost airlines would operate in Ukraine in 2017. “As to the low cost airlines – this year they definitely will operate in Ukraine

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Ukraine: gas stocks down 25% in three months of heating season

Gas stocks in Ukraine’s underground storage facilities declined by 25% or 3.677 billion cubic meters to 11.055 billion cubic meters since October 13, 2016 when the current heating season began, through January 14

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Uzbekistan: President charges to increase exports

The President of Uzbekistan Shavkat Mirziyoev had marked the main task of 2017 during his speech at the Cabinet of Ministers’ expanded session

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Kyrgyzstan: deputies to help develop perfumery

Amendments to the Tax Code of Kyrgyzstan, aimed at developing production of perfumes and cosmetic products, were submitted to Parliament for consideration

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Turkmenistan: Central Asia’s biggest mining enterprise being built

Central Asia’s biggest industrial complex with an annual capacity of 1.4 million tons of potash fertilizer is being built in an area exceeding one hundred hectares in Turkmenistan’s Lebap Province

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Turkmenistan: GDP up in 2016

GDP growth rate in Turkmenistan was maintained at 6.2% in 2016, the country’s Ministry of Economy and Development said. The growth rate has increased by 1

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Ukraine: Naftogaz signs contract with Covington & Burling to accompany Crimea loss lawsuit against Russia

National joint-stock company Naftogaz Ukrainy on January 11, signed a contract valued at $6.31 million with Covington & Burling LLP (New York, the United States)

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Kazakhstan: trade with EAEU down in January-November 2016

Kazakhstan’s trade turnover with the Eurasian Economic Union (EAEU) amounted to $11.95 billion in January-November 2016, down by 21.1% YoY, Kazakh Statistics Committee said

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Ukraine: grain harvest in 2016 breaks record

Grain harvest in Ukraine 2016 has broken a record being 66 million tons (in standard weight), up by 5.9 million tons YoY. Ukraine’s Agricultural Policy and Food Ministry reported that in 2016 grain yield records were hit: wheat – 42

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Ukraine: owners of PC Bank seek to liquidate it

PC Bank (People’s Capital Bank, Kyiv) with largest shareholders as of early December 2016 Russian citizen Valery Makarenko (14.24%), Svitlana Ostapenko (9

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Ukraine: groats production stops falling

Production of all groats in Ukraine increased by 0.4% YoY to 298.8 KMT in the eleven months of 2016. The most considerable hikes in groats output were registered in Kirovohrad region – by 48% to 7

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Ukraine: throughput of Illichivsk seaport down in 2016

In January-December 2016 Ukrainian seaport of Illichivsk handled 15,942,000 tons of cargo (down by 7.9% YoY), says the port authority. Private port operators handled 9

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Ukraine: Engie starts gas supplies

French-based Engie (formerly GDF Suez SA) from January 1, started natural gas imports to Ukraine, supplying 3.9 million cubic meters to the Ukrainian gas transportation system (GTS) in the first days of the month, the public relations department of PJSC Ukrtransgaz has said

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Ukraine: date of IMF meeting to be determined in coming weeks

The mission of the International Monetary Fund (IMF) could in the coming weeks recommend the executive board to hold the third revision of the EFF program, IMF spokesperson Gerry Rice has reported

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Ukraine: Naftogaz projects reduction in gas stocks in underground facilities

Gas stock in Ukraine’s underground gas storage facilities (UGS), according to Naftogaz Ukrainy’s estimates, as of the beginning of March will amount to about 8 billion cubic meters, the press service of the Cabinet of Ministers has said

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Belarus: R&D park Belbiograd projects to earn $500 million by 2023

The commercial effect from the projects to be implemented in the R&D park Belbiograd is supposed to reach $500 million by 2023, Deputy Chairman of the Presidium of the National Academy of Sciences of Belarus (NASB) Sergei Kilin reported

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Uzbekistan: national stand to be presented at FITUR-2017

On January 18-22, Spain will host the 37th International Tourism Fair FITUR-2017. This is the first and major tourism event of 2017. Last year some 9,500 organizations, firms and associations of the tourism industry from 165 countries attended the fair

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Azerbaijan: AZAL stops Baku-Ganja flights

Azerbaijan Airlines (AZAL) stopped its flights on the Baku-Ganja route on January 9, the company’s press reported. The press service said it was economically inefficient to carry out these flights

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Turkmenistan to launch second satellite into space

Turkmenistan has finalized the preparation of the technical assignment for the creation of the next (second) national satellite, the functions of which will include Earth remote sensing

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Your advertisement under each post on Business World Magazine site

Dear Sirs ! You can put your ad under each post on Business World Magazine (BWM) website – http://smiraponitke.com/ (one line of your ad with one active hyperlink)

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Ukraine: Naftogazvydobuvannya gas production up in 2016

In 2016 Naftogazvydobuvannya operated by DTEK Naftogaz produced 1,630,800,000 cubic meters of natural gas, up by 25% YoY. The company also extracted 56,100 tons of gas condensate, up by 24% YoY

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Ukraine: frosts have no adverse impact on winter rapeseed crops

Early January weather in Ukraine featured alternating warm and cold air masses that in turn led to contrasting temperatures. The average air temperature all over Ukraine was within a range from +0

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Ukraine: assets of banking system to grow in 2017

The assets of Ukraine’s banking system by the end of 2017 will amount to UAH 1.5-1.6 trillion (as of October 1, 2016 some UAH 1.27 trillion), while the number of banks will not exceed 75-80 against 95 currently operating, former deputy head of the National Bank of Ukraine (NBU) Vladyslav Rashkovan forecasts

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Ukraine: bankruptcy of Platinum Bank political bankruptcy of Poroshenko

MP Serhiy Taruta has said that the decision of the board of the National Bank of Ukraine (NBU) to put Platinum Bank on the list of insolvent banks could be considered as political bankruptcy of Ukrainian President Petro Poroshenko

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Ukraine: new ASF cases recorded

Ukraine’s State Service for Food Safety and Consumer Rights Protection in the past several days received confirmation of African swine fever (ASF) diagnosed during the examination of the selected samples of biological material of pigs that died in Mykolaiv, Luhansk, Kirovohrad and Odessa regions

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Ukraine: companies import gas at $230 per 1,000 cubic meters in December 2016

Ukrainian companies imported gas for their own needs at an average price of UAH 6,006.66 ($230.01) per 1,000 cubic meters in December 2016, the press service of the Ministry of Economic Development and Trade has said

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Uzbekistan: Eriell GmbH buys 51% of Uzbekneftegaz’s subsidiary’s shares

Austrian Eriell GmbH has acquired controlling stake of Sarbon-Neftegaz JSC, the transportation division of Uzbekneftegaz National Holding Company, Tashkent Republican Stock Exchange said in a message

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Kazakhstan: new railway station to open in Astana

A new railway station will be commissioned in Kazakhstan’s city of in Astana in May, Kazakh prime-minister’s website reported. Construction work at the new railway station and railway junction in Astana have been completed by 80% as of today, Kazakhstan Temir Zholy’s (Kazakh railways) said

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Ukraine: currency sale and purchases up in 2016

Ukrainians bought $747.1 million from banks in 2016, up by 9.2% YoY ($684.1 million), the National Bank of Ukraine (NBU) has said on its website

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Kazakhstan: Russia to supply attack helicopters

Russian Helicopters Holding will supply four Mi-35M attack helicopters to Kazakh Defense Ministry in 2018, the holding reported. The supply contract was signed within the implementation of the Treaty on military-technical cooperation between Russia and Kazakhstan and envisages payments in Russian rubles

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Ukraine: sugar production up in 2016/2017

Sugar production in Ukraine in 2016/2017 agricultural year (September-August) increased by 40.5% YoY, to 2.008 million tons, the national sugar producers association Ukrtsukor has said

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Ukraine: record rates of grain exports demonstrated

On December 24, 2016 – January 6, Ukraine exported grain at rather record rates, despite the New Year holiday factor. In the reporting period the export volumes of three major grain crops from Ukraine reached 1

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Kazakhstan: agricultural products in short supply in China

In China Kazakh agricultural products are in great favor, and in short supply, the Chinese Ambassador to Kazakhstan Zhang Hanhui declared. China is interested in the imports of organic agricultural products from Kazakhstan

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Ukraine: 1.6 billion cubic meters of natural gas consumed in early January 2016

Over the first ten days of 2017 Ukrainian consumers of all categories used 1.609 billion cubic meters of natural gas, down by 12.2% YoY, the press and public relations department at PJSC Ukrtransgaz reports

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Belarus: tractors shipped to Russia’s Sakhalin

The first five tractors Belarus-320.4 by Bobruisk Plant of Tractor Parts and Units (BZTDiA trademark) have been shipped to Russia’s Sakhalin region within the framework of the Far East Hectare program, the marketing department of the plant reported

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Ukraine: gas pumping down

Gas pumping from Ukraine’s underground gas storage facilities this heating season is 3.27 billion cubic meters, down by 19% YoY (4.07 billion cubic meters), the press service of Naftogaz Ukrainy has reported

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Belarus: draft agreement on avoidance of double taxation with Hong Kong approved

Belarus President Alexander Lukashenko has approved a draft agreement between the government of Belarus and the government of the Hong Kong Special Administrative Region of the People’s Republic of China on the avoidance of double taxation and prevention of income and capital tax evasion as a basis for further talks

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Kazakhstan: 2017 GDP growth forecast changed

The World Bank (WB) has increased its forecast for Kazakhstan’s GDP growth for 2017. According to the WB January 2017 Global Economic Prospects report, real GDP growth in Kazakhstan will amount to 2

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Uzbekistan: WB forecasts GDP to grow in 2017

Real GDP growth of Uzbekistan will amount to 7.4% in 2017, according to the January 2017 Global Economic Prospects report of the World Bank (WB) published on its website

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Ukraine: holders of PrivatBank’s eurobonds go to London court

Holders of eurobonds of the nationalized PrivatBank (Dnipro) seek to challenge the forced exchange of their securities to the additionally issued shares in the London Court of International Arbitration (LCIA)

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Turkmenistan: WB forecasts GDP growth in 2017

GDP growth rate in Turkmenistan will amount to 6.5% in 2017, according to the January 2017 Global Economic Prospects report of the World Bank (WB) published on its website

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Ukraine: NABU investigating into some banks removing refinancing funds abroad

The National Anti-Corruption Bureau of Ukraine (NABU) is investigating into crimes committed by some banks that removed refinancing loans abroad, NABU Director Artem Sytnyk has said

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Ukraine: throughput of seaports down in 2016

In January-December 2016 seaports of Ukraine handled 131.998 million tons of cargo (-8.9%), says press center of Ukrainian Sea Ports Authority

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Ukraine: production of milk for baby food up in January-November 2016

Production of milk and cream for baby food increased by 52% YoY during the first 11 months of 2016. The increase was reasoned by the promotion of baby food production and development of the draft law on baby food

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Ukraine: rise in industrial prices accelerates in 2016

Industrial prices in Ukraine in 2016 increased by 35.7%, while in 2015 by 25.4%, in 2014 by 31.7%, the State Statistics Service has said. According to its data, in December last year the increase in industrial prices accelerated to 3

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Uzbekistan: 818.5 thousand tons of fruit and vegetables exported in 2016

Uzbek government takes steps to expand fruit and vegetable exports and find new markets, as part of its priority objectives. In 2016 the government passed over ten legislative acts to expand fruit and vegetable exports and support exporters

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Uzbekistan: Karshi-Dekhkanabad 90 km railway section electrified

As technological development necessitated transportation development, Uzbekistan electrified 1700 kilometres of its railway network, putting into operation 500 kilometers in 2016 alone

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Uzbekistan: O’zbekiston havo yo’llari to receive four more Boeing Dreamliners

NAC “O’zbekiston havo yo’llari” will receive four more airplanes of the new generation Boeing 787-8 Dreamliner. The new contract with “Boeing” corporation was signed within the framework of modernization and unification of airpark

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Kyrgyzstan: first trucks go along Bishkek – Kashkar – Urumqi route

The first convoy of trucks from Kyrgyzstan to China goes along Bishkek – Kashkar – Urumqi route, the Ministry of Transport and Roads of Kyrgyzstan reported

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Kyrgyzstan: investors and businessmen poorly protected by the government

The deputies of the Parliament recognized unsatisfactory the work of the government on attraction and protection of investment, enterprise development, production and promotion of products on the foreign market

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Kyrgyzstan: Chinese businessmen not interested in idle factories

Instead of launching 42 standing idle factories, the Chinese businessmen want to build new in empty industrial zones. This was stated at a meeting of the parliamentary committee on economic and fiscal policy

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Turkmenistan: national air carrier to be transformed into stock company

A report on the ongoing work on the transformation of Turkmenistan’s national air carrier Turkmenistan Airlines (Turkmenhowayollary) into a stock company has been presented at the meeting of the country’s Cabinet of Ministers, the Turkmen government said

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Ukraine: gas stocks down

Gas stocks in Ukraine’s underground storage facilities have declined by 22.2% or 3.272 billion cubic meters to 11.460 billion cubic meters since October 13, 2016 when the current heating season began, through January 8

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Ukraine: Deposit Guarantee Fund earns 3 billion UAH from sale of property of bankrupt banks in 2016

The Individuals’ Deposit Guarantee Fund tentatively earned around 3 billion UAH from selling property of insolvent banks in 2016, director of the consolidated sale and asset management department of the fund Yulia Bereschenko has said

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Georgia: international arrivals up in 2016

Visits to Georgia by foreign citizens reached 6,350,825 in 2016, up by 7.6% YoY, according to the data released by the Interior Ministry. The Interior Ministry compiles statistics based on border crossing data

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Belarus: EEU Customs Code to bolster investment appeal and transit potential

The Customs Code of the Eurasian Economic Union will increase the investment appeal and transit potential of Belarus, the review of Belarus’ foreign policy and the performance of the Ministry of Foreign Affairs in 2016 says

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Belarus: BelAZ haul trucks mine gold in Georgia

Five haul trucks made by the Belarusian automobile engineering company BelAZ are now used in the gold-mining quarry Kazreti, Georgia. The haul trucks BelAZ-7555V are used in the gold-mining quarry of the company GMP Cooper

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Ukraine: DCH Group launches Kharkiv Tractor Plant

DCH Group of businessman Oleksandr Yaroslavsky officially announced that Kharkiv Tractor Plant started operating on January 6, the press service of the group has reported

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Belarus: Bellesbumprom enterprises branch out into 12 new markets in 2016

Bellesbumprom enterprises branched out into 12 new markets in 2016, Bellesbumprom spokesperson Ruzhena Novitskaya said. “The export geography of Bellesbumprom enterprises included such new destinations as Bangladesh, Bahrain, Cameroon, Kenya, South Africa, Sri Lanka, Morocco, the UAE, Albania, Iraq, Israel, and Luxembourg

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Uzbekistan: mobile operators to pay 2000 soums per each subscriber

The payment for the use of subscriber number by legal entities providing mobile communication services (cellular companies) has been established at 2 thousand soums per month, starting from January 1

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Uzbekistan: Yunusabad metro line to draw $125 million

The President of Uzbekistan Shavkat Mirziyoev approved of a resolution “On measures for implementation of the project “Construction of the second phase of Yunusabad line of Tashkent metro”, The document was adopted in order to further improve the transport infrastructure of the city, to increase the passenger flow, improve the level and quality of transportation of passengers in the Yunusabad line of the Tashkent metro, reduce the congestion of overhead public transport, as well as improvement of ecology and environment protection

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Ukraine: application for gas transit via GTS up

Russia’s Gazprom increased an application for Russian gas transit via the Ukrainian gas transport system (GTS) by 10% compared to first days of January, to 278

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Azerbaijan: investors get CBA’s notes for over 3.5 million AZN

An auction on the placement of short-term notes with the total amount of five million mantas of Azerbaijan’s Central Bank was held at the Baku Stock Exchange (BSE)

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Azerbaijan to create joint drug plants with Turkey and Ukraine

Azerbaijan is holding negotiations to create pharmaceutical plants jointly with Turkish and Ukrainian companies, Shahin Mustafayev, Azerbaijani economy minister and chairman of the country’s Tariff (price) Council, said

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Ukraine: electricity exports in 2016

In 2016 Ukraine exported $152.063 million worth of electricity, in particular $14.278 million in December 2016. According to the State Fiscal Service, electricity delivered to Hungary amounted to $119

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Ukraine: fight against poverty biggest challenge for government

Fight against poverty is the biggest challenge for the Ukrainian government, Prime Minister of Ukraine Volodymyr Groysman said. “What is our biggest challenge now

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Belarus: gold and forex reserves up in December 2016

In December 2016 Belarus’ gold and foreign currency reserves rose by $88.9 million if calculated in accordance with methods of the International Monetary Fund

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Belarus: Brest region farmers to attend Poland’s TSW Expo 2017

The Brest Office of the Belarusian Chamber of Commerce and Industry (BCCI) is organizing a business visit to the 7th international exhibition TSW 2017 that is due to take place in Warsaw on January 11-12, head of the foreign economic cooperation department of the BCCI Office in Brest Yelena Pivnik reported

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Ukraine: Finance Ministry additionally injects 107 billion UAH into PrivatBank

Ukraine’s Finance Ministry at the end of 2016 additionally injected 107 billion UAH into PrivatBank (Dnipro), Fitch Ratings has said in a press release

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Belarus: full round of talks on accession to WTO scheduled for January 2017

A full round of talks on Belarus’ accession to the World Trade Organization will be held in January, reads the review of Belarus’ foreign policy and the activities of the Ministry of Foreign Affairs in 2016

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Uzbekistan: construction of Sergeli subway line to cost $170.1 million

The President of Uzbekistan Shavkat Mirziyoev adopted a resolution “On measures on implementation of the “Construction of Sergeli metro” project

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Ukraine: Finance Ministry to place government domestic loan bonds under anonymous bids

The National Bank of Ukraine (NBU) has revised requirements to anonymity of applications of participants during the placement of government domestic loan bonds, the central bank has reported

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Kyrgyzstan: cubic meter of natural gas for population to cost 14.48 soms in January 2017

The tariff for natural gas for the population of Kyrgyzstan in January is set at 14.48 soms per cubic meter, the press service of Gazprom Kyrgyzstan LLC reported

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Kyrgyzstan: China interested in establishing joint venture with Air Kyrgyzstan airline

In order to promote and develop the only state-owned airline – Air Kyrgyzstan JSC – Parliament of Kyrgyzstan intends to include it in the list of state assets to be privatized

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Kazakhstan: inflation hits 8.5% in 2016

Inflation rate in Kazakhstan hit 8.5% in January-December 2016, Statistics Committee of the Ministry of National Economy of Kazakhstan reported

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Ukraine: SBU identifies suspects in illegal agroholding seizure

Ukraine’s Security Service (SBU) has raided an enterprise and notified five persons that they were suspected of seizing the property of the holding

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Azerbaijan: Bank Respublika gets new EB chairman

Asef Namazov, a member of the Supervisory Council of the Bank Respublika OJSC, has been appointed chairman of the bank’s Executive Board, the bank said in a message

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Azerbaijan: new appointments in Tax Ministry

Habil Mammadov and Sarkhan Mammadov have been appointed heads of new departments at the Azerbaijani Ministry of Taxes, says a message on the ministry’s website

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Ukraine: Naftogaz and ERU permitted to buy 2.5 billion cubic meters of gas

Public joint-stock company Ukrtransgaz has permitted national joint-stock company Naftogaz Ukrainy and private enterprise ERU Trading to participate in a tender to buy 2

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Ukraine: Ukrtransnafta to pump Urals oil from Odessa-Kremenchuk oil pipeline

Public joint-stock company Ukrtransnafta has made arrangements with public joint-stock company Ukrtatnafta (Kremenchuk oil refinery) on the transshipment of Urals crude oil pumped from the Odessa-Kremenchuk oil pipeline to railway tankers to transport it and pump it to the second line of the Druzhba oil pipeline, First Deputy Director General of Ukrtransnafta Andriy Pasichnyk has reported

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Estonia: administrative reform continues merging 231 municipalities to 75

Estonia’s sweeping administrative reform continues, as local governments were asked to agree on mergers so that no less than 5 thousand would live per municipality

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Belarus and Pakistan mull over joint ventures

Ambassador Extraordinary and Plenipotentiary of Belarus to Pakistan Andrei Yermolovich met with Tariq Fatemi, Minister of State for Foreign Affairs, Special Assistant to the Prime Minister of Pakistan, to discuss a wide range of matters of bilateral cooperation and review the status of implementation of the agreements signed during top-level visits, the press service of the Belarusian Ministry of Foreign Affairs reported

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Belarus: international financial reporting and accounting standards adopted

The international financial reporting standards (IFRS) and international accounting standards (IAS) are now in effect in Belarus. The step is stipulated by the joint resolution issued by the Council of Ministers of Belarus and the National Bank of the Republic of Belarus on December 30, 2016

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Ukraine: premier notes rise in customs revenues in 2016

Bringing order at the customs provided the receipt of an additional 18 billion UAH to the national budget of Ukraine in 2016, including a record high overfulfillment in December 2016 for 4 billion UAH, Prime Minister Volodymyr Groysman has said

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Kazakhstan: wheat exports up in November 2016

Wheat exports from Kazakhstan continued growing in November 2016. Kazakh wheat exports totaled 415.3 KMT in the third month of the season, up by 25% YoY

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Belarus: Amkodor to raise output in 2016

The Belarusian mechanical engineering company Amkodor will raise its output by 65-70% in 2016 over 2015, the press service of the enterprise quoted Amkodor’s Deputy Director General for Economy and Finance Yelena Maximova as saying

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Uzbekistan: tax on property of individuals goes up

The Uzbek government set new tax rates for property owned by individuals on January1, 2017 under the Presidential Decree ‘On forecasts for major macroeconomic indicators and parameters for state budget of the Republic of Uzbekistan for 2017′

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Kyrgyzstan: car registration price rises

The order “On approval of the wage scale assessment of motor vehicles, applied during the initial registration and re-registration of motor vehicles for 2017”, has come into effect, the State Registration Service reports

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Kyrgyzstan: government forecasts 4% annual inflation in 2017.

Since January 1, the basic rate of excise duty on tobacco products increases. Kyrgyz President signed the law on March 10, 2015. According to the document, the basic rates of excise duty in Kyrgyzstan will be gradually equalized with the rates in other countries of the Eurasian Economic Union

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Turkmenistan building big gas & chemical complex

90% of the work has been completed at the polyethylene and polypropylene production complex, which is being built in Turkmenistan’s Balkan region

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Ukraine: seaports cargo handling down in 2016

Ukraine’s seaports in 2016 handled 131.99 million tons of cargo, down by 8.9% YoY, reads a report from the Ukrainian Sea Ports Authority

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Ukraine: Poroshenko signs law restricting imports of printed materials from Russia

Ukrainian President Petro Poroshenko has signed law No. 5114 on amendments to some laws on restricting access of foreign printed materials with anti-Ukrainian content to the Ukrainian market, adopted by the Verkhovna Rada on December 8, 2016

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Estonia: Bank of Estonia budget to expand in 2017

The size of the budget for Estonia’s central bank for 2017 is 22.7 million euros, up approximately by 800,000 euros or by 4.3% YoY. “Leaving aside cash-related costs, which are very different in different years, the budget of the central bank will increase by 0

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Estonia: healthcare costs up

Healthcare costs have increased by 397 million euros at current prices over the 2009-2015 period, 98 million euros of which fell into 2015, according to the National Institute for Health Development’s (TAI) newly-pubished analysis “Estonian healthcare costs 2015”

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Kyrgyzstan: Kumtor granted all necessary permits and approvals to operate in 2017

Kumtor got all necessary permits and approvals for its 2017 mine plan, Centerra Gold Inc. reported. As noted, the approvals and permits are valid for the full year

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Ukraine: gas imports down in 2016

In 2016 Ukraine reduced imports of natural gas by 32.7% YoY (by 5.376 billion cubic meters), to 11.078 billion cubic meters, according to PJSC Ukrtransgaz

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Georgia: GDP up in November 2016

Georgia’s real GDP expanded by 2% in November 2016, after a 1.3% growth in October, according to the preliminary data released by the State Statistics Office

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Belarus: external state debt up in January-November 2016

As of December 1, 2016 Belarus’ external state debt totaled $13.5 billion, up by $1.071 billion or by 8.6% since the beginning of the year (taking into account differences in currency exchange rates), representatives of the Belarusian Finance Ministry reportged

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Belarus to start selling beef to China in Q1 2017

Belarus may start selling beef to China in Q1 2017, Belarusian Agriculture and Food Minister Leonid Zayats reported. The official noted that four Belarusian meat-processing companies had been reviewed and certified by Chinese experts

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Ukraine: $4.5 million worth of Christmas decoration exported

Ukraine in January through October 2016 exported $4.5 million worth of Christmas decoration to 25 countries, Deputy Minister of Economic Development and Trade, Ukraine’s Trade Representative Natalia Mykolska has said

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Belarus: budget for three years approved

The Council of Ministers of Belarus issued resolution No. 1094 on December 28, 2016 to enact the medium-term financial program of the central state budget for 2017-2019, the press service of the Belarusian government reported

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Kazakhstan: double taxation convention with Slovenia ratified

Kazakhstan ratified double taxation convention with Slovenia on December 30, 2016. President Nursultan Nazarbayev has signed the RoK Law “On ratification of the Convention between the Government of the Republic of Kazakhstan and Government of the Republic of Slovenia for the avoidance of double taxation and prevention of fiscal evasion with respect to taxes on income and capital and Protocol hereto”

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Ukraine enters 2017 with 12 billion cubic meters of gas in stock

Ukraine has entered 2017 with natural gas stocks in its underground storage facilities being 11.993 billion cubic meters, public joint-stock company Ukrtransgaz has reported

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Ukraine: Ukroboronprom posts 28% rise in revenues in January-September 2016

Ukroboronprom state concern in January-September saw sales revenues rise by 28.44% YoY, to 18.536 billion UAH. According to the press service of the state concern, in the first nine months of 2016 investment in production of new military equipment during increased by 11%, to 476 million UAH

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Belarus to boost food exports to Russia in 2017

Belarus will sell more food to Russia in 2017 than in 2016, Belarusian Agriculture and Food Minister Leonid Zayats reported. The minister noted that the boards of the Belarusian Agriculture and Food Ministry and the Russian Agriculture Ministry decided on the amount of food supplies every year

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Belarus: record high milk production expected in 2016

A record high amount of milk is expected to be produced in Belarus in 2016, Belarusian Agriculture and Food Minister Leonid Zayats reported. According to the source, last year’s milk production is expected to go up by 125,000 tons YoY to 6

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Moldova: National Bank issues new commemorative coins

The National Bank of Moldova (BNM) put into circulation six commemorative coins as payment and numismatic. According to BNM’s press service, the series “Personalities” will be completed with the coin dedicated to celebrating the 100th anniversary of the birth of artist Mihai Grecu, a Moldovan artist who boosted fine arts in Moldova

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Belarus: Rosselkhoznadzor returned 360 batches of animal products

In 2016 more than 360 batches of dairy, meat and fishery products of Belarusian origin were returned at the Belarusian-Russian administrative border, the press service of the Rosselkhoznadzor reported

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Kazakhstan: barley stocks up in 2016

According to Kazakh statistics committee, stocks of grains and legumes in all the enterprises as of December 1, 2016 were 16.64 MMT against 15

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Kazakhstan: Nazarbayev urges to create trade missions abroad

President Nursultan Nazarbayev has commented on replacement of senior executives of ministries and state agencies and the principles of staff policy in the diplomatic service

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Russia: record volumes of sunflower oil exported in November 2016

In November 2016 Russia exported 183 thousand tons of sunflower oil, which became the record volume for the reporting month during several recent years

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Ukraine: EU cuts wheat imports

The European Union, which ranked second in Ukraine’s wheat export structure in the 2015/2016 marketing year, imported 450 thousand tons of the Ukrainian wheat in 2016, down 3-fold YoY

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Ukraine: NBU head declares new tranche from selling shares in ICU

Governor of the National Bank of Ukraine (NBU) Valeriya Gontareva has declared the third tranche from selling her shares in ICU Holdings Limited (British Virgin Islands) in the unified register

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Ukraine: Mitsubishi Motors cuts price of hybrid SUVs for police

The official representative of Mitsubishi Motors in Ukraine informed the National Police about an almost 14% discount from the initial price of Mitsubishi Outlander PHEV cars that were to be supplied to the police under the program of cooperation between the Japanese and Ukrainian governments in the law enforcement sector, Ukrainian Interior Minister Arsen Avakov has said

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Ukraine: GUF issues EUR3.5 million and 23 million UAH to Ukrgasbank

The German-Ukrainian Fund (GUF) has provided state-controlled Ukrgasbank (Kyiv) with additional funding in the amount of EUR3.5 million and 23 million UAH for lending to small and medium businesses, the bank said

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Ukraine: Kyivstar to enter financial services market in early 2017

Kyivstar, the leading Ukrainian mobile operator, intends in early 2017 with the help of its subsidiary StarMoney LLC to launch the first set of financial services, in particular, public transfers and payments to third parties

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