Director of the Financial Stability Department at the National Bank of Ukraine (NBU) Vitaliy Vavryshchuk says the share of non-performing loans in Ukraine’s banking system is a record high in the entire history of international observations. “We have established a somewhat unpleasant and very costly record for the country’s economy and banking sector: the highest…
The Belarusian bank OAO Belinvestbank received EUR 50 million as a subordinated loan from the European Bank for Reconstruction and Development (EBRD) on December 18, the Belinvestbank press service declared. The money was transferred as part of the arrangements made when EBRD President Suma Chakrabarti visited Belarus in September. It is a unique deal for…
Azerbaijan will launch the production of Tatra trucks from 2018, the Azerbaijani embassy in the Czech Republic said. A memorandum was signed between Ganja Automobile Plant production association and Tatra company at the embassy of the Czech Republic in Azerbaijan. The document was signed by head of Ganja Automobile Plant Khanlar Fatiyev and chairman of…
The plans for the development of rail transport in Uzbekistan include the transportation of foreign trade goods via the Baku-Tbilisi-Akhalkalaki-Kars railway with an opportunity to reach the ports as part of the pilot program. It is planned to participate in the creation of the Azerbaijan-Georgia-Turkey-EU countries transit corridor by determining the volumes of transportation of…
The state budget for the next year envisages UAH 6 billion from the State Regional Development Fund to implement important projects in the regions of Ukraine, and UAH 1.9 billion of subventions will be used for the development of the infrastructure in united territorial communities, Deputy Regional Development, Construction, Housing and Utilities Services Lev Partskhaladze…