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According to the World Bank's June Global Economic Prospects report, the World Bank expects a 4% GDP growth in 2017, instead of the previously forecasted 2.8%, and by 2018 - 3.7% instead of 3.3%. At the same time, though in its previous January report on the Global Economic Prospects WB experts predicted a GDP growth of 3.7% for 2019, now they have lowered their forecast to 3.5%. Experts of the World Bank believe that in 2017-2019 the economic growth in Moldova will be supported by consumption and fiscal policy stimulating. It is expected that in 2017, higher than expected earlier, the growth of Moldova's GDP will be achieved due to a significant increase in exports, a good harvest of agricultural products, increased consumption, increased wages, and in 2018 - due to the growth of public investment and further increase in cash transfers from abroad from the labor migrants, an increase in the inflow of foreign investment amid the improvement of the situation in the financial sector and the improvement of the business climate. At the same time, among the risks to the economic growth, the WB experts mention a possible slowdown in the implementation of the reforms in the period ahead of the 2018 parliamentary elections, as well as the possible weaker economic growth in Moldova's key partners - the EU and Russia, which could negatively affect the economic growth of our country. It should be noted that according to the National Bureau of Statistics, Moldova's GDP in 2016 increased by 4.1%, amounting to 134 billion 476 million lei at current market prices. In March 2017, the Ministry of Economy of Moldova has improved the country's GDP growth forecast for 2017 from 3% to 4.5%, while maintaining the GDP growth forecast for 2018 at 3.5%. The IMF also raised the forecast for the GDP growth in Moldova for 2017 from 3% to 4.5%. The fund's experts also improved the forecast for the growth of the Moldovan economy for 2018 - from 3.6% to 3.7%. The European Bank for Reconstruction and Development raised the forecast for the economic growth in Moldova for this year from 2.5% to 3%. At the same time, in 2018, the EBRD experts forecast a 3.5% growth of the Moldovan. // 05.06.2017- InfoMarket.

Deputy Minister of Agriculture and Food Industry Iurie Usurelu stated this at a press conference on May 12. He noted that it would be possible to talk about the sizes and forms of compensation (from direct payments to the provision of equipment) only after receiving and analyzing the information about all plantations and all types of crops, and in view of the fact that some fruits (apples, peaches, etc.) mature later than others, the full picture can only be understood in the first or second half of June. Iurie Usurelu stressed that the agency does not want a repetition of the situation in 2014, when a loan was taken from the World Bank to pay compensation to farmers because of Russia's embargo on Moldovan products, however, the compensation was paid not only to those who actually suffered, but also to those whom this situation did not affect at all. Therefore, now a thorough check of the incoming information will be carried out. According to the information received from 29 district councils, the most part of the damage fell on Cantemir, Cahul, Causeni, Calarasi, Ungheni, Taraclia districts and Gagauzia. According to the first results received from the district councils, the total affected area is 34.5 thousand hectares. It has been damaged from 5% to 100% of the plantation area: vegetables - 112.4 thousand hectares; field crops – 19.4 thousand hectares; perennial crops and vineyards - 14.9 thousand hectares. Also there have been affected 28.3 thousand square meters of hothouses, 105 sq. m. of granaries. Most affected is the crop of plums and nuts. However, the information on fruits will be obtained only in the first or in the second half of June, when the situation with fruits will be clear. Iurie Usurelu said that during the visits to the agricultural areas carried out by the experts from the Ministry of Agriculture, the Agrarian University and other specialists, it was revealed that some information about the damage caused is inaccurate and the damage level is not as large as it was stated. In particular, according to the reports received by the Ministry of Agriculture, the seed crop (sunflower, corn) suffered 100%, and in fact - only 5-10% only because the farmers planted them ahead of time. The way to punish farmers who provide untrue information is not yet approved and will be considered later. In this regard, Iurie Ususrelu stated that already next week, representatives of the Ministry of Agriculture and AIPA will start the trips to the plantations to check the incoming information and assess the damage. The trips will be divided into stages according to the categories of the harvest. First of all, the plantations of cherries and sour cherries will be checked, then apricots, peaches, apples, plums, etc. // 12.05.2017 - InfoMarket

In May 2007 the “first peg” was hammered in and ground works started. In the autumn the workers began concreting and erecting the infrastructure of the terminals. The first ship was loaded with grain in October 2009. The sunflower oil terminals were put into operation in 2011. In the autumn of 2016, as a new terminal and a deep-water wharf were built and high-speed loading appliance was installed, the capacity of the port increased from 500,000 tonnes to 1,600,000 tonnes a year. Over the last decade, Trans-Oil, with the support of the European Bank for Reconstruction and Development (EBRD), Societe Generale  and WBC, has invested in the port over USD 20,000,000. Currently, the Trans-Oil facilities in Giurgiulesti port are enough to store for further transshipment 70,000 tonnes of grain; 7,500 tonnes of sunflower oil and 8,000 tonnes of oilseed meal. And all this has become possible thanks to the “first peg", which was hammered in May 2007. Since then, Trans-Oil has been continuing to build up its facilities in Giurgiulesti Port.

This is what the European Bank for Reconstruction and Development (EBRD) says in its May issue of the Regional Economic Prospects. In 2018 GDP of Moldova will grow 3.5%, EBRD supposes.  Let’s remind that in November, EBRD revised its growth projection for Moldova for 2017 up from 2% to 2.5%.  IMF has also revised the GDP projection for our country, from 3% to 4.5% for 2017 and from 3.6% to 3.7% for 2018. In March 2017, Moldova’s Economy Ministry improved the 2017 GDP projection from 3% to 4.5%, but preserved the 2018 projection at 3.5%. In terms of nominal value, GDP is projected at MDL 148.3 billion and MDL 161.9 billion in 2017 and 2018 respectively.  By rough estimates of NBS, in 2016 GDP of Moldova increased 4.1% to MDL 134 billion 467 million in current market prices. // 10.05.2017- InfoMarket.

The corresponding project decision is another topic at the Cabinet meeting. Grain firms will be given depending on the contract concluded. They, in turn, will be required to provide a bank guarantee. Return 30 thousand tons of wheat from the harvest this year, farmers should before October 1.The Agency for Material Reserves will develop a selection procedure for agricultural producers who will receive wheat. Last year, the agrarians harvested about 1 million 300 thousand tons of grain – one third more than in 2015.

At a sitting of the parliamentary commission for agriculture and processing industry, Deputy Minister Ion Parea said the farmers’ fears for the sugar beet harvest had not realized because about 23 hectares of the beet had been saved thanks to snow. “As for orchards, the ministry needs 4 to 5 days more to estimate the damage, but bees have come back. By May 5 the situation will have been clearer with vineyards, but the harvest of rape will be 10 to 15% less because of the snowfall”, he said.  According to Ion Parea, the Agriculture Ministry is working together with local authorities to draft recommendations for households that suffered from the adverse weather and to help them.  On Wednesday, suppliers of seeds and saplings said to the Ministry that they had had enough seeds and plant protection agents  it case some of the plantations be resowed and  they were not going to raise the prices and were even ready to offer farmers payment grace periods until the new harvest. Nevertheless, the members of the parliamentary commission were critical at the Agriculture Ministry for the “work in office” and for having incomplete information about the damage the cyclone had caused to Moldova, especially, its southern region.  // 26.04.2017 – InfoMarket.

Russia is one of the world’s largest producers and exporters of sunflower oil, therefore its experience and development prospects, processing and export opportunities are very useful for TRANS-OIL, the only producer of sunflower oil in Moldova. It was noted at the conference that the volume of sunflower oil production in Russia increased by 68% from 2011 to 2016 and reached 5.1 million tons in 2016. There were produced more than 1 million tons of sunflower oil in 2015. The export amounted to 2.5 million tons of sunflower oil in 2016. At the same time, the capacities of the oil extraction plants throughout Russia are only 65% of their capacity. TRANS-OIL notes that a similar situation is in Moldova: Two of the company’s oil extraction plants are facing a shortage of raw materials. The main reason for this situation is the sale of raw seeds to the markets of Romania and Ukraine. The average of 90 thousand tons of sunflower oil is produced in Moldova annualy, 90% is exported to the markets of more than 20 countries. The conference in Moscow was attended by 150 representatives of the largest processing enterprises of the Fat & Oil industry, oilseeds producers, technologies and equipment suppliers, traders, industry analysts from Russia and countries of the Eurasian Economic Union, Latvia, Turkey and other countries. The participants have adopted a resolution which is an appeal to the authorities with a request to develop and implement a mechanism to stimulate production of oilseeds by optimizing crop rotations and the use of technologies, meaning the subsidies for processing of 1 ton of oilseeds; it is also advised to include sunflower oil in the list of certain types of socially important food products and harmonize technical regulations for Fat & Oil products in accordance with the international requirements CODEX, ALIMENTARIUS, etc.

The summit will be held in Odessa in the summer. The forum was organized by the APK-Inform news agency and the International Sunflower Oil Association (ISOA), founded in 2015 in Rome by representatives of national industry associations of leading countries of sunflower oil exporters and importers (Ukraine, China, Hungary, Russia, Spain, and Argentina). The leadership of the group of companies TRANS-OIL believes that participation in the summit will allow us to better assess the prospects for the development of the industry in the region and mutually beneficial cooperation. TRANS-OIL will also consider the possibility of joining the ISOA. The TRANS-OIL group of companies is the only sunflower oil producer in Moldova; it owns 2 oil-extraction plants, elevators, port terminals in Giurgiulesti and Reni. 90% of the oil produced in Moldova is exported to more than 20 countries in Europe, Africa, Asia and the Middle East. It is worth noting that the first summit was held in 2015 in China and gathered more than 250 participants. This year the event will cover two days of excursions and meetings for importers; another day of the summit (July 11) is dedicated to conferences and discussions. A mini-exhibition will also operate within the framework of the event. Leading operators of the world market of sunflower oil – exporters and traders from the Black Sea region, EU countries, buyers of oil from Asia, as well as oil and fat companies, investment funds, broker companies, experts in assessing the quality of oilseeds and processed products, engineering companies, etc. will take part in the summit. More than 300 people are expected to attend the summit.

As InfoMarket agency was informed at the National Bureau of Statistics, at the same time, in 2016, in comparison to the previous year, the average selling prices of crop products decreased by 4,1%, livestock production – decreased by 0.2%. Among the most important crop production in 2016, the decrease was significant in the prices for berries – by 38.4%, melons – by 10.9%, cereals and legumes – by 8.7%. At the same time, buckwheat prices dropped by 28.2%, rice – by 11.7%, wheat – by 10.5%, maize – 5.1%. Prices of seed fruits decreased by 3.7%, sunflower – by 3.4%, rape – by 3.1%. At the same time, it increased the prices for potatoes – by 19.5%, tobacco – by 16.8%, grapes – by 15.7%, sugar beet – 10.1%, stone-fruits – by 2.7% soybeans – by 2.6%, vegetables – by 1.6%. Average selling prices of animal products decreased by 0.2%, while prices for sheep and goats in live weight fell by 31.1%. Eggs became cheaper by 0.9%. At the same time, in the past year, increased the selling price of cattle meat (in live weight) – by 11.6%, poultry (live weight) – 7.3%, pork (live weight) – 2 %, milk – by 9.3%. // 06.03.2017- InfoMarket.

Port Trans Cargo Terminal more than doubles the capacity of its Grain Export Terminal at Giurgiulesti International Free Port

On November 10, 2016 Trans Cargo Terminal SRL, a subsidiary of Trans-Oil Group (TOG), celebrated the completion of its grain export terminal expansion project at Giurgiulesti International Free Port. As a result, Trans Cargo Terminal is now able to load more than 1,000 tons of grain per hour onto maritime vessels of up to 8,000 tons, as well as river barges – the fastest loading rate of any grain terminal in the region.

Vaja Jhashi, President of TOG stated: “Due to the substantial increase of our capacity we will be able to attract new clients and at the same time enable our group of companies and our existing clients to increase the transshipment volumes. The expansion project consisted of the construction of an additional berth on the Danube, the erection of a silo with a storage capacity of 12,000 tons, a brand new deep water jetty as well as the installation of high-capacity loading equipment. In total about USD 6m were invested for the realization of this project, which has created 30 additional permanent jobs. The expanded facility has a total grain storage capacity of 70,000 tons and increased the grain transshipment capacity from 500,000 tons to over 1,300,000 tons per annum, which is equivalent to about 75% of the Republic of Moldova’s annual grain exports”.

Thomas Moser, the director of Danube Logistics SRL – operator of Giurgiulesti International Free Port: “We congratulate Trans Cargo Terminal for the successful expansion of their grain terminal. The increased capacity ensures that from now on the majority of Moldova’s grain exports can be shipped directly from Moldova to international markets”.

In addition to the export of grains in bulk, which are mostly delivered to the markets in the Mediterranean region, significant quantities of Moldovan grain are exported via Giurgiulesti International Free Port in sea containers to Asia. During the first 10 months of 2016, eleven Moldovan companies have shipped more than 60,000 tons of wheat in sea containers from Giurgiulesti to such countries as Malaysia, Myanmar and Indonesia.

Giurgiulesti International Free Port is the only port of the Republic of Moldova located on the maritime section of the river Danube. 

Trans-Oil Group of Companies (Trans-Oil Group) is very glad to announce the signature of a new loan of US$ 25 million with EBRD.
Over the past 3 years, Trans-Oil Group has more than doubled its exports of agriculture commodities. This new loan will allow us to purchase the Reni port grain facility and expand Giurgiulesti grain terminal.

Through these 2 projects, we plan to attract more farmers and grain traders to use our terminals in Giurgiulesti and Reni.
Port of Giurgiulesti project consists of an additional berth on Danube river, new grain and oil terminals which all together will increase the ships’ loading capacity to 800 metric tons (mt) per hour or 6’000 mt vessel per day. This will sharply improve the efficiency and pace of grain exports from the Republic of Moldova.

The port facility in Reni will be renovated and its loading capacity increased to 400 mt per hour. It will help also help expand our origination potential in Budzhak region in Ukraine.
Both upgraded port installations will allow at least 1.2 million mt grains export from the Republic of Moldova on a yearly basis. We plan to service at least 250-300’000 mt to 3rd parties, in preference domestic grain trading and farming companies.

EBRD has been a privileged partner in our development over the last decade and we are thankful for their continuous support in our successful growth; we welcome this strong positive sign to the regional agriculture economy.
Moldovan agriculture export capabilities are promising and EBRD, through their loan and these new projects, is allowing future to happen.

The Group has recently signed and drawn down the first tranche of the $155 million syndicated pre-export facility. The syndication is lead by Société Générale and have as co-lenders International Finance Corporation, Erste Group Bank AG, Bank de Commerce de Placement, Bank Cantonale de Vaudoise, FIMbank PLC, EurofinAsia and Mobiasbanca – Groupe Société Générale. The facility will support the Group’s commodities purchases, storage and processing for the 2014–2015 harvest season for sale to export markets.

TRANS-OIL GROUP OF COMPANIES is pleased to announce that it recently acquired 100 brand new (116 CubM capacity) grain hopper wagons. The acquisition took place in December 2013. The Company believes the acquisitions will help improve the companies’ logistics dramatically and will definitely increase volume of exports of the group going through our logistics hubs in Reni and Giurguleshti.  The group also plans to use its fleet of wagons also in Kazakhstan and Russia.

TRANS-OIL GROUP OF COMPANIES owns grain terminal in the port of Giurgiuleşti, Moldova, with handling capacity 500 KMT of grains and 300 KMT of vegoils per year. In 2013 cargoturnover of the port of Giurgiuleşti became record high thanks to increasing grain exports. In 2013 Transoil Group secured management and operational control over Reni Port Elevator, and Reni Line in the port of Reni, Ukraine, with handling capacity of 200 KMT.  The Company is the exclusive oilseed crusher in Moldova.

We are pleased to announce that Transoil Group of Companies recently acquired 100 brand new (116 Cub M capacity) grain hopper wagons!We are pleased to announce that Transoil Group of Companies recently acquired 100 brand new (116 Cub M capacity) grain hopper wagons!

The acquisition took place in December 2013. The acquisitions will help improve logistics dramatically and will definitely increase volume of exports of the group going through our logistics hubs in Reni and Giurgulesht .
The group plans to use its fleet of wagons also in Kazakhstan and Russia.

In 2013 Group secured management and operational control over Reni Port Elevator in the Ukraine export through-put facility 250,000 tons of cereals As well as Reni Line Elevator in the Ukraine with export through put capacity of over 200,000 tons of cereals.

http://www.ebrd.com/news/2016/grain-terminal-at-moldovas-giurgiuleti-port-to-more-than-double-capacity-with-ebrd-loan.html

We are proud announce, that “Floarea Soarelui” SA successfully passed the audit, qualifying the company as ‘First Gathering Point’ within the International Sustainability and Carbon Certification System (ISCC).  ‘First Gathering Point’ is the ISCC’s most demanding certification level.

 The ISCC certification as ‘First Gathering Point’ enables TransOil Group offers sustainable supply chain of  bio-energy commodities. The ISCC is an advanced certification system that implements the requirements of the German Sustainability Regulations and the European Union’s Renewable Energy Directive. The objectives of ISCC is – to establish an internationally oriented, practical and transparent system for the certification of biomass and bio-energy. The ISCC is oriented towards:

reduction of Greenhouse Gas emissions;

sustainable use of land;

protection of natural biospheres and social sustainability.

Chisinau, Moldova, March 8th, 2013

 IFC in the syndicated facility with FMO and DEG, respectively Dutch and German development banks have successfully disbursed to Trans OIl Group of Companies the final tranche of the USD 70’000’000 facility announced in August 2012.

 Vincenzo Turrisi, COO of Trans oil said : “It is an important milestone for Trans oil. Together with our new partners, we are now ready to focus on enhancing our business in terms of growth in both oilseeds processing and agriculture farming and grain trading in the region. We are as well putting emphasis on environment and sustainability. We have already started some important capital investments in order to make our crushing plant in Balti (Floarea Soarelui) more efficient and eco-friendly, meeting the highest international standards.

 Agriculture production will become a more important part of our business portfolio as Republic of Moldova shows a high potential of improvement, development and consolidation.  The support of the IFC and syndicated and parallel lenders has been essential and for sure will help the group achieving its strategic targets of becoming significant regional player.

Grupul de companii Trans-Oil, un lider pe piata autohtona de grane, a reusit intr-un timp record sa se afirme in aceasta industrie. Ambasadorul Statelor Unite in Moldova s-a aratat de-a dreptul impresionat de tehnologiile intreprinderii Trans Cargo Terminal amplasate in portul international liber Giurgiulesti.