The Asian Development Bank (ADB) approved a $500 million loan to help Azerbaijan maintain social spending, create jobs, and diversify its economy to mitigate the adverse impact of a crash in oil prices, ADB said in a message. Sean O’Sullivan, director general of ADB’s Central and West Asia Department, said ADB’s support was important for…
Continuing last year’s autumn trend, the volume of cargoes carried by Latvijas dzelzcels had increased in November. The volume of cargoes transported by rail reached 4.46 million tons, up by 7.6% YoY. Coal transports have increased significantly. 1.8 million tons of coal was transported in November. This exceeds the index of November 2015 by 28.7%.…
The European Court of Auditors (ECA) has expressed reservations about significant amounts of financial assistance rendered to Ukraine. The assistance program from 2007 to present has resulted in limited results, according to a statement of EU financial observers. Prior to 2014 the reason for the low effectiveness of assistance from the European Union (EU) was…
In January-October the sea terminal Nika-Tera (Sea Special Port Nika-Tera LLC, Mykolaiv, part of Group DF) shipped 1.676 million tons of grain cargoes, which formed 55.64% of the general cargo turnover (3.012 million tons), the press-service of the company declared. Also, the terminal shipped 267 thousand tons of mineral fertilizers (8.86%) and 1.068 thousand tons…
In the first three quarters of 2016, Latvian enterprises were provided with bank loans for a total amount of 1.4 billion euros, up by 40% YoY, according to the estimates of the Latvian Association of Commercial Banks and Finance and Capital Market Commission. The total loan portfolio of Latvian banks was EUR 15.11 billion at…
The minimum wholesale and retail prices on alcoholic beverages (except for beer) in Uzbekistan will be raised starting from January 1, 2017, according to a joint decision of the country’s Ministry of Finance and the State Tax Committee. The minimum wholesale wine price for producers will be increased from 4,500 to 5,400 Uzbek soums (UZS)…
Kyiv authorities seek to find around 23 billion UAH to modernize the overland transport network and infrastructure and similar programs by 2019. The information is outlined in the updated action plan for 2016-2018 to implement Kyiv development strategy by 2025. The plan was approved by lawmakers of Kyiv City Council on November 15. Some 78.5…