Central bank is likely to leave its main interest rate unchanged on June 6, following a delay to the disbursement of International Monetary Fund aid worth $1.3 billion, a monthly analyst poll showed. Most of the analysts – 11 out of 17 polled by Reuters – expect the rate to remain at its current 17.5%.…
The Asian Development Bank (ADB) is financing repair work on the Tbilisi Metro system with $15 million, announces Tbilisi Mayor Kakha Kaladze. The repair work includes the installation of new cables, 32 European standard ventilation systems and 28 airing tunnels. “We have a very difficult situation in Tbilisi Metro in terms of electric wiring. Since…
Until all problems with Rigvir medication have been resolved, State Agency for Medicines (SAM) has decided to put its registration on hold. SAM explains that several quality defects have been found for several Rigvir medication series this year. This is why the decision was made to halt its distribution. The company that has registered Rigvir…
Azerbaijan’s biggest electrical power producer Azerenerji OJSC carries out reconstruction, complex repair and rehabilitation work at electric power plants and systemically significant 220 and 110-kilovolt substations in order to improve the supply of electricity to Baku, the surrounding settlements and the country’s regions. A 220-kilovolt substation “Khirdalan”, the substation “Mushfig” in the Badamdar settlement, the…
The Norwegian company Scatec Solar has started construction of a 148 MW solar power plant in Ukraine. The 148 MW Prohresivka solar station will be located in Mykolaiv region, according to the company’s press release. The project will be implemented in collaboration with PowerChina Guizhou Engineering Co. Ltd. that will provide construction financing and engineering…