The Cabinet of Ministers has approved a resolution to attract a EUR 63-million loan from the EBRD for the modernization of the logistics network and rural branches of JSC Ukrposhta, Ukraine’s national postal operator. The relevant decision was approved at a government meeting on October 21. “Ukrposhta continues to implement a large-scale investment program for…
Latvia’s power transmission system operator AS Augstsprieguma tikls (AST) plans to invest EUR 405 million in development in a ten-year period from 2021 to 2030, according to the development plan approved by the Public Utilities Commission (SPRK). As reported by the company, the most considerable expenditures are associated with efforts to increase the transmission network’s…
A section of cargo rail track in southwestern Estonia is to be reopened following repair works, largely using European Union funds. The line, which has been closed for two years, runs from Parnu to Lelle, Rapla County, and is primarily needed to transport construction materials for the building of the planned high-speed Rail Baltic link.…
Five new schools to welcome 7,800 pupils are being built in Alatau district in Almaty under the PPP, deputy governor of the district Azamat Kaldybekov reports. Schools will be put into operation in 2021. As of today 40% of state schools are overcrowded in the city. The city lacks above 30,000 schoolchildren’s seats. 16 schools…
Fitch Ratings has affirmed the Long-Term Issuer Default Rating (IDR) of JSC CB PrivatBank at B- with Stable Outlook. Fitch Ratings also reaffirmed the bank’s Viability Rating (VR) at its current level of “b”. The affirmation of national ratings at AA(ukr) with Stable Outlook reflects the unchanged creditworthiness PrivatBank compared to similar banks in Ukraine.…