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Swiss pharma’s big bet on Slovenia

Pharmaceutical giant Novartis invested billions in Slovenia, helping turn the country into a global player in generic drug production. Now, as cheap Asian competitors increasingly dominate the market, Swiss drug companies see the tiny Balkan nation playing a key role in their shift to more complex, expensive medicines. Polonca Kuhar’s career in Slovenia’s pharmaceutical industry

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USDA Sees More Soybean, Less Corn Production

The overall outlook for US corn, soybeans and wheat in 2024 is for larger supplies only partially met by increased domestic use and firming global demand. That preliminary forecast from the Interagency Commodity Estimates Committee was presented during the US Department of Agriculture’s (USDA) 100th annual Agricultural Outlook Forum by Jake Vuillemin, an agricultural economist

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India To Boost Coal Power Capacity by the Most in Six Years

India expects to add a large chunk of coal-fired power capacity in 2024, which will be the largest yearly rise in its coal fleet in at least six years. Indian utilities will bring online coal power plants with a combined capacity of 13.9 gigawatts (GW) this year, India’s power ministry told Reuters in a statement

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Ukraine imports of coal collapsed 3.5-fold YTD

In October, Ukraine imports have been almost brought to a halt after falling to nearly 50 thousand t of coal (-1.48 mio t or -96.8% y-o-y). Total imports of coal, including anthracite, in January-October 2022, plunged to 4.5 mio t (-11.6 mio t or -71.7% y-o-y). The import volumes have

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In Contrast to Hungary, Romania Cannot Get Enough of Ukrainian Wheat

Grain traders have imported one million tons of Ukrainian wheat to Romania this season. This makes Romania the second largest export market for Ukrainian wheat after Spain (3.3 million tons), reports the Romanian business portal Economica.net, citing data from the Ukrainian customs authorities. In contrast, MEP Enikő Győri (Fidesz) emphasized that “we cannot be in

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European coal imports declined sharply in 2023

Global coal trade has really picked up pace in recent months, and is now fully back to pre-Covid levels. In Jan-Dec 2023, global seaborne coal loadings increased by +6.0% yo-y to 1,341.2 mln t (excluding cabotage), based on vessel tracking data from AXS Marine. This was well above the 1,265.5 mln t loaded in Jan-Dec

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