The Interview of the InfoMarket agency

"Dnieper-Danube-Black Sea" agro-logistics forum is organized by "APK-Inform" analytical news agency (the market leader in information services to agricultural sector of the CIS countries). It was held this year for the first time in Chisinau. The general sponsor and host of the forum was the group of companies Trans Oil. The president of Trans Oil, Vaja Jhashi gave an exclusive interview to InfoMarket agency.

InfoMarket: Moldova has this type of conference for the first time. What do you expect from the forum?

Vaja JHASHI: We want Moldova to appear on the global map, meaning the grain and oilseeds market, as a country with an important role within the Black Sea region. Regional and world’s markets of grain and oil seeds, have a lot of discussions about Ukraine, Russia, Romania ... but few people talk about Moldova from this perspective. I would like our country to be recognized as a significant player in this market. I do not mean just our company, I’m talking about all market participants. I wish that all our companies have worked promoting the common interests of the country as a producer and exporter.

InfoMarket: The Trans-Oil group is still the largest player at the market of Moldova.

Vaja JHASHI: There are not many people know Moldova as a manufacturer of grain and sunflower oil at foreign markets, unlike Ukrainian or Romanian manufacturers. Therefore, we strive for recognition of the entire Moldovan agricultural business promoting ourselves. This is an international conference which means more vendors and consumers will know about Moldova as a major exporter of its products to the world’s markets. Information about the forums is immediately transmitted to all interested countries. We are confident now that more businessmen not only from Turkey but also from Egypt, Libya and other countries will appeal to Moldovan exporters, not only Trans-Oil but other companies from Moldova.

InfoMarket: What is Trans-Oil’s share of grain export among Moldovan companies?

Vaja JHASHI: Today, it is difficult to say, because there was a lot of small companies working in this field. Oilseeds market share is somewhere 75%, while cereals not more than 50%. Many small companies sell their grain to Romania this year, it was exported about 25-35% of the total harvest. Those deliveries are made avoiding our company, they export their products independently. Probably, it is more convenient for them, although, we offer a higher price in the domestic market.

InfoMarket: According to the recent information, it was gathered a good harvest of grain and especially sunflower seeds this year...

Vaja JHASHI: I think it will be collected a record harvest of sunflower seeds this year, taking into consideration the history of Post-Soviet Moldova. It is sown more than in previous years. We expect about 800 tons of the harvest, across the country and the Transnistrian territory. We will send 350 tons of seeds for processing: It is 200 thousand tons - Floarea Soarelui (Balti), 100 thousand tons - Trans Oil Refinery (Ceadir Lunga), another 50 tonnes will be given for the processing by small companies... 450-500 thousand tons is for export. Therefore, the pressure on logistics has sharply increased this year.

 We have the ability to recycle excess of Moldovan sunflower seeds to Romania. There is a factory of Floarea Soarelui International SRL in Romania, which eventually will be a part of Trans Oil Group. We can process up to 150 thousand tons of seeds per year at the factory in Romania. It is less than makes our plant in Balti but it is more than makes our plant in Ceadir-Lunga. Floarea Soarelui International SRL is located near the port of Constanta, so it is better to take the excess of sunflower seeds into Romania rather than Turkey, also it can be sold at the local market or exported.

InfoMarket: Where do you export sunflower and cereals besides Turkey?

Vaja JHASHI: Traditionally, Turkey buys 90% of all exported sunflower seeds but we ship the grain to Europe, unlike Ukraine which has a certain quota, and Russia, their the goods subject to duties and taxes, we have free trade agreement with the European Union. Therefore, we ship 90% of cereals to European markets.

InfoMarket: What about the southern countries?

Vaja JHASHI: We ship our corn in Libya, Lebanon and Turkey. We cannot compete with the Ukrane selling our corn at the European market because they ship big ships and export significantly higher amounts of corn. We ship our corn to the places big ships cannot pull in.

InfoMarket: What are the relationships between Trans Oil group and the manufacturers?

Vaja JHASHI: We have very good relationships with manufacturers. They are usually dissatisfied when grain prices fall, but it depends on the market conditions and the rate of the Moldovan leu. If MDL is strengthened, we are forced to reduce the purchase prices within the domestic market, as the price on the world's markets is set in US dollars.

InfoMarket: By the way, the National Bank stated that there is an increase in foreign currency into Moldova this year. What is the share of foreign currency earnings from export of grains and sunflower?

Vaja JHASHI: The export of sunflower seeds and grain grew up to $15 million weekly, since the beginning of September… this not only from our company but all agricultural companies. We have small share of the foreign exchange market in our country, we believe this situation is putting serious pressure on the exchange rate of Moldovan leu.

InfoMarket: When do you think this pressure will be diminished?

Vaja JHASHI: We expect the reduction of the exchange rate earnings from the export of agricultural products in January-February next year. We cannot influence the policy of the National Bank but I would like to note that in fact no one benefits from strong exchange rate of lei. It is not profitable for our exports and imports. The exchange rate should be stable. Ups or downs lead to uncertainties. It is often happens that agricultural farms stop to sell their products, wanting to get greater advantage in anticipation of rate changes. The fact that Moldovan lei is not stable doesn’t have a decisive influence on world’s grain prices but we have to adapt to the strengthening of the leu in order to reduce the purchase price (lei) in accordance with the exchange rate changes. Local manufacturers are not happy, they’re usually waiting Moldovan leu will be diminished towards US dollar... no one is aware if it’s happen or not… who knows maybe leu will become even stronger, therefore, everyone needs stability in the foreign exchange market.

InfoMarket: In addition to the export capacity, Trans Oil group has two oil extraction plants. Have you already purchased raw materials for them to work all year round?

Vaja JHASHI: We have already supplied our needs in sunflower seeds, somewhere within 60-65% for the past six months. We will continue to buy sunflower seeds until the end of October, maybe even November and we will have enough raw materials until May next year.

InfoMarket: Do you take every year large loans from international financial organizations or banks?

Vaja JHASHI: Yes, they are redeemable annually. Do the math: to purchase the volume of agricultural products we provide our plants every year, as well as export needs, we need at least $100 million. It is a great burden on the company, no one keeps such huge finances, so we resort to credit. This is something usual for this type of activity. It is profitable for all: Farms are paid the money for their products in time, the lenders as well. We have proved that we are reliable partner.

InfoMarket: Floarea Soarelui oilseeds factory has entered the top 10 largest enterprises of Moldova with an income of 58.7 million euro which rose over the year, according to the ranking of SeeNews. 55.93%, How was this growth achieved?

Vaja JHASHI: Due to the export of sunflower oil in Iraq. We won the tender of the Ministry of Trade of Iraq for the supply of refined bottled "FLORIS" oil for $25 million annually. Iraq is a large consumer of sunflower oil. We are finishing the execution of the contract this year and starting in November we will begin negotiations on the extension of the contract. Let's hope for the continuation of this work.

InfoMarket: You mentioned high yield of sunflower seeds this year, it is enough for the domestic market and for the export. What about cereals? Is it enough cereals in Moldova so that the country can afford to export them?

Vaja JHASHI: It is enough. We expect 4.5 million tons of grain and sunflower seeds this year, while Moldova needs only 2 million tons. That is, the export of grain and sunflower seeds will be 2.5 million tons this year. For comparison: the total amount of these seeds was 3.8 million tons last year.

InfoMarket: It seems that the most yielding year was the 2014th for the last decade...

Vaja JHASHI: Grain - yes, somewhere within the 15% increase compared with this year but the sunflower harvest has been stable in recent years, approximately 550-600 thousand tons. I think it will be a record, exceeding 2014th figures, the export of grain this year, both at the expense of the collected seeds, through the export of residues left since 2016.

InfoMarket: What are the immediate prospects for the Trans Oil Group of Companies in the Republic of Moldova?

Vaja JHASHI: First of all, we invest in the modernization of our assets, it is an ongoing process. This year, we also thought that if there is a tendency of surplus of sunflower seeds in Moldova, which is currently exported, then we will consider the construction of a small oil extraction plant in Giurgiulesti port.

Also, starting this year, we will begin to provide our port facilities for general use. There will be created a separate company, it will handle independently, the collection of applications for the transshipment of grain through the port, including Trans Oil group of companies. The transshipment process will be streamlined. The current transshipment capacity of the port is over 1.3 million tons of grain per year. Thus, even small exporters can apply, the newly created company will be responsible for distribution and execution of applications. In other words, the export of grains from Moldova through the port will be streamlined and simplified for all economic agents since November.

The Forum will take place in Chisinau on October 18, 19. For more information, please visit this link:

Any cargo company from all over Moldova can offer Trans-Oil its services at a beforehand known price, the press service of Trans-Oil reports.    To make an offer, the hauler shall go to, open the Logistic section and fill in the application, in which the name and contacts of the company, a number of trucks available, and a region in which the service can be delivered shall be indicated.  As the application is submitted, the Trans-Oil manager will contact the transportation company within 30 minutes to conclude a contract.  Trans-Oil works transparently and the prices for transportation services it offers can be seen on the site in terms of tonne per kilometre.  The trade online platform of Trans-Oil was launched on July 17. This is the first platform in Moldova for suppliers of grain crops to offer wheat, corn, barley, soya beans, rape, pea beans and sunflower seeds for sale.  Trans-Oil is the largest purchaser of grain crops in Moldova.  By providing online access to the purchasing prices and transportation tariffs, Trans-Oil enables agricultural producers and transportation companies work directly with the client, without any intermediaries and at real market prices.   Trans-Oil Group possesses 15 elevators all over Moldova with the total one-time storage capacity of more than 710 tonnes; 2 oil-extracting plants, in Balti and Ceadir-Lunga, capable of processing 1,000 tonnes per hour and 400 tonnes per hour of sunflower seeds respectively; 2 grain terminals and the sunflower oil terminal in Giurgiulesti Port and some more agricultural, transportation and infrastructure facilities. The company employs over 2,000 persons.   In 2017, Trans-Oil is going to purchase grain and oil-bearing crops in large volumes.

As noted in the message of the Black Sea Trade and Development Bank, BSTDB's financing is intended to prepare for export of products and is part of a syndicated loan worth $170 million organized by Societe Generale, Zurich Branch with the participation of a number of banks: Arab Bank Ltd, FMO, Banque Cantonale Vaudoise, Fimbank plc and UniCredit Bank AG. The BSTDB credit facilities will be used to finance the seasonal needs of Trarns-Oil Grup in working the capital related to the harvesting, primary processing, storage and transportation of agricultural products in Moldova, and its subsequent export to other countries. BSTDB President Ihsan Ugur Delikanli stressed the importance of the signed loan agreement from the regional development prospective, noting that it will have a numerous positive impact on the economic growth, exports and employment, as well as on the strategic position of the agricultural sector for Moldova. "We are happy to join forces with other international lenders supporting the well-managed market leader”, stated the BSTDB President. Trans-Oil Group has been trading grain and other agricultural products in the Black Sea region since 1996, when the founders of the company started agribusiness in Moldova and Ukraine. Trans-Oil Group is the market leader in the production and trade of grain and oilseeds in the Black Sea region. It exports its products to various regions of Europe, the south of the Mediterranean, Turkey and north-west Africa. The Black Sea Trade and Development Bank is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Turkey and Ukraine. The headquarters of BSTDB is in Thessaloniki (Greece). The BSTDB supports economic development and regional cooperation by providing loans, credit lines, guarantees for projects and trade financing in the public and private sectors in member countries. The authorized capital of the bank is 3.45 billion euros.

The award in the field of technology and innovation in the nomination "Quality of sunflower oil" was presented to the general director of JSC "FLOAREA SOARELUI" wich is a part of TOI Stella Ostrovetski in Odessa within the framework of the "Summit on sunflower oil: industry and technology". The summit, organized by the International Association of Sunflower Oil (ISOA), was held in Odessa on July 11-12, 2017. There were presented about 200 delegates from China, Turkey, Spain, Belgium, Holland, Lithuania, Ukraine, Moldova.

"This presentation of this high award to our company is proof of the recognition of the quality of our products not only among buyers around the world, but what is especially gratifying is the fact that our colleagues in international markets from other countries have appreciated the high quality of Floarea Soarelui," Stella Ostrovetski noted.

Within the framework of the International Summit, representatives of JSC Floarea Soarelui held productive negotiations with world leaders in the field of vegetable oil production (Delta Wilmar, Kernel), logistics companies (Global Ocean Link, Alphacosta), companies that provide cargo services using flexi-tanks (BeFlexi), with manufacturers of equipment for oil and fat industry (Desmet Belestra, TAN), with the inspection company Cotecna, as well as potential buyers of JSC Floarea Soarelui products from around the world.

The International Sunflower Oil Summit is held once every two years. The previous forum was held in 2015 in China. The next topical issues and problems faced by the fat industry around the world were discussed during the Samit-2017 in Odessa:

- sunflower oil market: global and regional aspects;

- Sunflower Oil Market Development in China;

- Overview of the global sunflower market;

- Global industrial chain of Sunflower Processing;

- development of the market of high-oleic oil;

- Flexitanks - a logistics tool to lower the financial risks;

- Sunflower oil prices: trends, forecast, factors to watch regional and global trends.

JSC Floarea Soarelui is part of TRANS-OIL Group of Companies and it is the most important manufacturer of sunflower oil in the Republic of Moldova, providing 75% of the domestic market. At the same time, 85% of the company's products are exported to more than 20 countries. The main trademark of the company is FLORIS sunflower oil, wich was awarded by numerous distinctions in the domestic and international markets.

The price offers vary between MDL 2.4 and MDL 2.6 per kilo of wheat; MDL 2.2 and MDL 2.4 per kilo of barley; MDL 3.4 and MDL 3.6 per kilo of pea nuts; and MDL 6.4 and MDL 6.6 per kilo of rape, the Ministry of Agriculture says. According to a spokesperson of the Ministry, a lot of wheat growers say this year the quality of wheat is worse than last year because of the rainy weather.  This is the reason why in many districts of Moldova wheat is being harvested rather slowly, but the farmers promise all the crops will be harvested in time, within 2 week.   In particular, in the Cahul district, 4,169 tonnes of wheat has been harvested from 1,200 ha, with the total area planted with wheat amounting to 16,800 ha.  Thus, the crop capacity of those areas averages 3,500 per ha.  Let’s remind that on July 17 TRANS OIL Group, the largest purchaser of crops of Moldova, launched an e-trade platform for agricultural producers. The platform is available on www.transoilmarket.comand Through the platform, producers of wheat, maize, barley, rape, pea nuts and sunflower seeds can sell their products without mediators at transparent prices.  The farmers will be able to see the purchasing prices for their products in a real-time mode and sell them quickly.  Besides the online purchasing prices, the farmers can use the interactive map of 15 grain elevators to select the closest one, TRANS OIL notes.  The crops may be delivered from the seller to the elevator as an unbundled service, or by the seller on his own.  The crops can also be delivered straight to the Giurgiulesti port.  To sell the crops via the platform the farmer shall fill in the application in which his contacts, a kind and a volume of the crops, a requested shipment date, the farm-gate price, the elevator to deliver the crops to, and the way of shipment shall be indicated.  An operator of the TRANS OIL interactive platform will contact the seller within 15 minutes after the submission of the application and will ensure the transaction as soon as possible.  The users of the platform may also benefit from the standard form contracts posted on the site.  Such a system for procurement of agricultural products has never been used in Moldova before.   TRANS OIL Group comprises 15 elevators all over Moldova with the total one-time storage capacity of more than 710 tonnes; 2 oil-extracting plants, in Balti and Ceadir-Lunga, capable of processing 1,000 tonnes per hour and 400 tonnes per hour of sunflower seeds respectively; 2 grain terminals and the sunflower oil terminal in Giurgiulesti Port as well as some more agricultural, transportation and infrastructure facilities. TRANS OIL Moldova employs over 2,000 persons.


TRANS-OIL Group of Companies launches an e-trade platform for agricultural producers 

The platform is available starting July 17 on and Through the platform, producers of wheat, maize, barley, rape, pea nuts and sunflower seeds can sell their products at transparent prices without resorting to the help of mediators, the largest purchaser of crops of Moldova informs.  The farmers will be able to see the purchasing prices for their products live and sell them quickly.  Besides, in addition to seeing the purchasing prices online, the farmers can use the interactive map of 15 grain elevators to select the closest one, TRANS-OIL notes.  The crops can be delivered from the seller to the elevator as an unbundled service.  The farmer can also deliver the crops to the elevator on his own.  The crops can be delivered straight to Giurgiulesti Port.  To sell the crops via the platform the farmer shall fill in the application in which his contacts, a kind and a volume of the crops, a requested shipment date, a requested price, an elevator to deliver the crops to, and a way of shipment shall be indicated.  An operator of the TRANS-OIL interactive platform will contact the seller in 15 minutes after the submission of the application and will ensure the transaction as soon as possible.  The users of the platform may also benefit from the standard form contracts posted on the site.  Such a system for procurement of agricultural products has never been used in Moldova before.  TRANS-OIL comprises  15 elevators all over Moldova with the total one-time storage capacity of more than 710,000 tonnes; 2 oil-extracting plants, in Balti and Ceadir-Lunga, capable of processing 1,000 tonnes per hour and 400 tonnes per hour of sunflower seeds respectively; 2 grain terminals and the sunflower oil terminal in Giurgiulesti Port, and some more agricultural, transportation and infrastructure facilities. TRANS-OIL Group of Companies employs over 2,000 persons


The "Floarea Soarelui" plant is a part of TRANS-OIL group, which is the largest company in Moldova producing sunflower oil. The company produces sunflower oil under the trademarks of FLORIS, Privole, Aroma Soarelui, Mister Cook. 90% of Floarea Soarelui's products are exported.  


The sunflower oil is produced by JSC "Floarea Soarelui", which is a part of the TRANS-OIL group. Production of TRANS-OIL was awarded Grand Prix in various nominations of the competition "Trademark of the Year" within the past seven years. The most titled product is the "FLORIS" sunflower oil. The "Trademark of the Year" competition has been held annually since 2003 by the Chamber of Commerce and Industry of Moldova and the State Agency for the Protection of Intellectual Property (AGEPI). The aim of the competition is to promote successful practices in business to provide to consumers with the best products and local brands.  

According to the Agriculture Ministry, crops have been sown on 1,143,500 ha (96% of the area under crops planned). Wheat has been sowed on 268,900 ha (82% of the 325,000 planned) and the harvest is expected to be 1,061,100 tonnes.  Barley has been sown at 60,100 ha (70%) and the yield is expected at 162,900 tonnes. 29,400 ha have been sown with rape (11% more than planned). The yield is expected at 77,900 tonnes. Maize has been sown on 376,300 ha (84% of the area planned) and is expected to bring the harvest of 1,430,100 tonnes. Pea has been planted on 15,500 ha, 56% up from the area planned. The harvest is expected at 38,800 tonnes. Sunflower has been sown at 317,400 ha (51% up from the plan) and is expected to bring the harvest of 634m800 tonnes. Soya has bee planted on 41,400 ha (75% of the plan) and its harvest is expected at 91,199 tonnes. Sugar beets have been planted on 22,000 ha (88% of the area planned) and the yield will make 991.9 tonnes. 180 ha have been sown with tobacco (36%) and the harvest is expected at 324 tonnes. // 15.06.2017 — InfoMarket

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.

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.