KYIV. Oct 6 (Interfax-Ukraine) – Egypt’s General Authority for Supply Commodities (GASC) has bought 60,000 tonnes of Ukrainian milling wheat at a tender at the price of $199.30 per tonne with delivery in the period from November 1 to November 10.
GASC said on its website that Egypt also bought 175,000 tonnes of Russian milling wheat: 60,000 tonnes at $200.25 per tonne, 60,000 tonnes at the price of $199.44 per tonne and 55,000 tonnes of at $199.95 per tonne.
President of Tallage (France) Andree Defois earlier said that EU countries this agricultural year (July 2015-June 2016) would cut wheat exports by 5.9 million tonnes, to 26.8 million tonnes compared to 32.7 million tonnes.
She said that one of the key reasons in reduction of supplies is toughening of competition by Russia and Ukraine.
She said that wheat exports to Egypt this year would fall to 2.8 million tonnes from 4.4 million tonnes in the previous year.
Grain exports from Ukraine in the 2014/2015 agricultural year, according to preliminary data, amounted to 34.805 million tonnes, including corn in the amount of 18.837 million tonnes. Some 11.234 million tonnes of wheat, 4.46 million tonnes of barley and 280,000 tonnes of other grains were supplied to foreign markets.
KYIV. Oct 6 (Interfax-Ukraine) – Military transport short take-off and landing plane An-70, which has been a part of the Ukrainian Armed Forces since January 2015, has passed a direct test in Africa and transported military cargo, the press service of Antonov state enterprise (Kyiv) has reported.
“Board loading and unloading equipment of the An-70 was directly tested. All tasks were fulfilled to a high professional standard,” reads the report.
The press service said that the An-70 flew from Kyiv to Bangui (the Central African Republic) where it took on military cargo of 23.6 tonnes, which was delivered in six hours to Istres (France). The An-70 then flew to Leipzig (Germany) and returned to Kyiv. The An-70 spent more than 20 hours in the sky and flew 13,600 kilometers proving high flight, take-off and landing performance and low fuel consumption, reads the report.
An An-70 modified under NATO requirements, the AN7X is considered as a new basic European medium-haul transport aircraft. The An-70 exceeds its existing analogues; including the A400M (the purchase and operation costs of the An-70 are twice lower). The maximum weight capacity of the An-70 is 47 tonnes.
KYIV. Oct 6 (Interfax-Ukraine) – Ukraine should move towards lifting financial administrative restrictions, taking into account the country’s economic situation, Qimiao Fan, World Bank Country Director for Belarus, Moldova and Ukraine has said.
The World Bank supports the gradual removal of administrative restrictions, he said. Administrative measures are justifiable in the short-term outlook if the economic situation is complicated, however in the long-term outlook they could be inefficient and could distort the market, he said at a presentation of the World Bank’s new Ukraine Macroeconomic Update in Kyiv on Monday.
He said that the decision on lifting administrative restrictions should be made by the Ukrainian government, taking into account the situation in the economy.
The government should monitor the state of the economy, the level of forex reserves and the state of the current account, he said.
KYIV. Oct 5 (Interfax-Ukraine) – The Ukrainian-German business forum will take place in Berlin on October 23, Prime Minister of Ukraine Arseniy Yatseniuk has said.
“We plan to give a powerful signal to representatives of German businesses and [the German] public, as well as Ukrainian businesses, that Ukraine is on the path of economic transformation and success,” Yatseniuk said on Friday during a meeting with a delegation of the German Federal Ministries led by State Secretary of the German Federal Foreign Office Stephan Steinlein.
Yatseniuk noted the importance of Germany’s assistance in carrying out economic reforms in Ukraine, the press service of the Cabinet of Ministers of Ukraine reported.
“Ukraine is facing incredible challenges. We appreciate Germany’s support to the Ukrainian economy in making it stronger and stronger,” he said.
KYIV. Oct 5 (Interfax-Ukraine) – The mission of the International Monetary Fund (IMF) visited Kyiv during September 22 – October 2 and decided to continue discussions with Ukraine on the second review under the Extended Fund Facility Arrangement (EFF) in support of the authorities’ economic reform program, IMF said in a press release.
“The mission held constructive discussions with the authorities on policies needed to complete the second review under the EFF arrangement. Understandings were reached on most issues. However, as the authorities still need more time to fully flesh out their policy proposals for 2016 in some areas, discussions will continue in the coming weeks,” reads the press release, citing IMF mission chief for Ukraine Nikolay Gueorguiev.
KYIV. Oct 5 (Interfax-Ukraine) – Ukrainian Prime Minister Arseniy Yatseniuk has said that the government is providing UAH 1 billion for the needs of the State Railway Administration of Ukraine (Ukrzaliznytsia) by the end of this year.
“The general investment plan of Ukrzaliznytsia was UAH 2.4 billion. We add another UAH 1 billion by the end of this year. UAH 1 billion will be sent to buy new tracks, repair existing rolling stock and buy diesel trains,” the prime minister said on Saturday in Chernivtsi during the ceremony to launch the regional express train from Chernivtsi to Lviv, the government’s press service has reported.
