The net profit of solvent banks in Ukraine amounted to UAH 11 billion in January-October, the press service of the National Bank of Ukraine (NBU) said in a post on Telegram. “Solvent banks received UAH 11 billion in net profit in January-October compared to UAH 58.4 billion in net profit in January-October 2021,” the report…
The Polish Armaments Group (PGZ) and the firm Hyundai Rotem from South Korea will create a consortium to manufacture a Polish version of the Korean firm’s K2 tank. PGZ’s CEO, Sebastian Chwalek said that the consortium should be formed until the end of this month. Under a deal struck with Hyundai Rotem, Poland will buy…
Only buses/coaches, which meet at least the Euro 5 Safe pollution norm, will be allowed to carry out regular services of people’s transportation between Moldova and Romania starting from April 1, 2023. According to the Motor Transport National Agency (ANTA), the decision was taken within the Moldovan-Romanian joint commission in the international road transport sector,…
The European Bank for Reconstruction and Development on November 22 announced it had reduced its equity stake in TBC Bank, one of the largest lenders in Georgia. The bank sold 850,000 shares in an accelerated bookbuild placement on the London Stock Exchange, EBRD said, adding the shares sold on November 22 represented 1.5% of TBC…
On November 22, the Organisation for Economic Cooperation and Development (OECD) presented a report in which it named Latvia the second most rapid growth among Baltic States this year. According to OECD, Latvia’s GDP may grow by 2.3% in 2022. For next year OECD predicts a 0.2% drop for Latvia’s economy. In 2024, Latvia will…
The existing reduced 9% VAT rate for the catering sector will remain in place in Lithuania until the end of 2023, the parliament Seimas decided on November 22. Lower VAT rates were introduced to prop up the catering sector during the Covid-19 pandemic and were due to expire at the end of the year. Previously,…
A dozen of Tbilisi’s metro stations will have upgraded infrastructure with the financial support of the Asian Development Bank, mayor Kakha Kaladze has announced. Four of the stations – Akhmeteli, Didube, Delisi and Technical University – will have new entrances constructed. He also said the $16-million project would include renovation of aboveground infrastructure for 12…