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Author Archives: admin

Kazakhstan: Development Bank talks 2020 priority projects

KazakhstanBy admin2020-02-14Leave a comment

Plan of Development Bank of Kazakhstan (DBK) for project’s support in 2019 was 446.5 billion tenge ($1.1 million), DBK Deputy Chairman of the Management Board Duman Aubakirov announced. Aubakirov noted that in accordance to DBK’s development strategy, the bank was planning to allocate approximately 4.4 trillion tenge ($11.5 billion) for development of processing industry and…

Ukraine: all major highways to be upgraded within two to three years

UkraineBy admin2020-02-14Leave a comment

Head of Ukravtodor Automobile Road Agency Oleksandr Kubrakov says Ukraine’s main highways network could be upgraded within two or three years. “I think the country has a chance to get good roads and renew their main network in two or three years. But we can show a truly unprecedented result and construction scope as early…

Ukraine: Air Serbia to launch flights from Lviv to Belgrade

UkraineBy admin2020-02-13Leave a comment

The Serbian national airline Air Serbia announced the launch of regular flights from Lviv to Belgrade (Serbia) from June, the press service of Lviv Danylo Halytskyi International Airport reported. “Starting from June 5, Air Serbia opens a new direction on the Lviv-Belgrade route. Flights will be operated four times a week, on Mondays, Wednesdays, Saturdays…

Georgia: construction of gas collector to be beneficial

GeorgiaBy admin2020-02-13Leave a comment

The implementation of the project on the construction of a gas collector at the Lilo landfill in Georgia will ensure a normal operation of the landfill, which, in turn, will improve the environmental situation in the capital, Tbilisi City Hall has reported. According to the Tbilisi City Hall, on November 22, 2019, the Tbilisi City…

Kazakhstan: external reserves up in January 2020

KazakhstanBy admin2020-02-13Leave a comment

As of January 31, the country’s external reserves hit $29.3 billion, up by 1.2% or by KZT 352 million MoM, the National Bank’s press service reported. However, assets in freely convertible currency decreased by KZT 415 million, to KZT 9.67 billion. Gold assets increased by KZT 768 million, to KZT 19.64 billion due to a…

Kyrgyzstan: madrasah for girls built without permits in Suzak

KyrgyzstanBy admin2020-02-13Leave a comment

Construction of a madrasah for girls in Suzak district of Jalal-Abad region has been suspended. As the Regional Office of the State Inspectorate for Environmental and Technical Safety reported, experts found a lot of violations. The construction of the religious educational institution for girls is funded by sponsors from Arab countries. They have allocated 25…

Ukraine: share of non-performing loans below 50% in 2019

UkraineBy admin2020-02-13Leave a comment

The share of non-performing loans (NPLs) in Ukraine’s banking system in 2019 was below 50% for the first time in three years, having shrunk to 48.4% as of January 1, 2020. “Loan portfolio quality improved across all bank groups, except for banks with Russian capital,” the National Bank of Ukraine (NBU) said on its website.…

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