Restructuring of external debt of the International Bank of Azerbaijan (IBA) has not affected the country’s banking sector and the interaction between other commercial banks, as well as between banks and their customers, said Zakir Nuriyev, head of Azerbaijan Banks Association (ABA). “The state has been fulfilling its obligations to IBA from the first day,…
Turkish company Onur Construction International LLC has won two tenders to build sections of public roads in Lviv region for a total amount of UAH 968 million. According to data from the ProZorro procurement system, Onur Construction International won a tender for the repairs of the public highway T-18-06 Rivne – Mlyniv – Berestechko –…
The growth of Ukraine’s gross domestic product (GDP) will accelerate from 1.8% in 2017 to 3% in 2018, 3.6% in 2019 and 4% in 2020, such a basic macro scenario was approved by the Ukrainian government at a meeting on May 31. “According to this scenario, the rates of business’ adaptation to new conditions, preservation…
About UAH 6 billion in additional funds will be spent on construction and reconstruction of roads in the regions of Ukraine, Prime Minister of Ukraine Volodymyr Groysman said at the Cabinet’s meeting on May 31. “In fact, we managed to mobilize by the efforts of the State Fiscal Service about UAH 6 billion in additional…
Kernel, one of the largest Ukrainian agricultural groups, is completing negotiations on the acquisition of two agricultural companies with the land bank of 40,000 hectares and 190,000 hectares. “We are close to completing two transactions, which we are going to announce soon. We are talking about two deals: one of them is for 190,000 hectares,…
International consulting company Alvarez & Marsal (A&M) will help two Tajik banks – Tojik Sodirot Bonk (TSB) and Agroinvestbonk – wriggle out of a tight financial situation. The company will work out the plan of recovery of these distressed banks. Issues related to the current state of TSB and Agroinvestbonk were discussed at a meeting…
The Asian Infrastructure Investment Bank (AIIB) will cooperate with the private sector in Azerbaijan, whenever possible, to invest in infrastructure projects which meet the bank’s mandate, strategy and standard, a source in AIIB reported. The source added that mobilizing private capital was one of AIIB’s priority. “AIIB is interested in financing infrastructure investment projects in…