Opposition members of Riga City Council have decided to give Riga City Council Transport Department two weeks to improve the level of safety for traffic participants while repairs are being performed on the streets of the capital. If the transport department does not comply, the New Conservative Party reserves the right to request the dismissal…
Currency reserves of the Central Bank of Azerbaijan (CBA) increased by approximately $870.2 million (by 21%) in July as compared to June 2016, and amounted to $5,033.1 million, according to the statistical data posted on the CBA website. CBA’s reserves increased by $69 million (by 1.4 %) MoM, while by $1,058.7 million (26.6%) since early…
Credit Rating agency announced the results of the rating action taken on bank deposit ratings assigned earlier to Ukraine’s banks. The agency confirmed grade 5 (highest deposit strength) of the bank deposit rating of First Ukrainian International Bank (FUIB). The rating was updated on July 28. According to the applied special-purpose rating scale the deposits…
The public joint-stock company Ukrzaliznytsia intends to announce a tender to buy 1,000 more gondola cars in several days (along with tenders announced for 2,465 cars). The company seeks to build over 2,000 gondola cars at own production facilities, Ukrzaliznytsia Board Chairman Wojciech Balczun has said. “One of the investment priorities for us is freight…
German low-price store network Lidl entry into Latvia’s market will intensify competition for employees, said CEO of Latvian Association of Food Traders (LPTA) Noris Kruzitis. He said that all market participants were currently lacking employees. Kruzitis said trading was not the industry in which wage levels were high. This is why reviewing anything in the…
The Belarusian state petrochemical concern Belneftekhim increased the export of goods by 8.2% in H1 2017, the concern reported following the meeting of its council to review the performance of the national petrochemical sector. According to Belneftekhim Chairman Igor Lyashenko, the concern met all the targets for foreign trade in goods and services in H1.…
The friendly cooperation between the Republic of Korea (South Korea) and Turkmenistan will continue to expand, reassuringly said South Korean President Moon Jae-in in his letter to the Turkmen President Gurbanguly Berdimuhamedov sent on the occasion of the 25th anniversary of the establishment of diplomatic relations between the two countries. Moon Jae-in noted that during…