Kyiv-based Bogdan Corporation, one of Ukraine’s major motor vehicles manufacturers, has manufactured the first 18-meter bus body for electric buses of Bluebus, a French manufacturer of environment-friendly public transport vehicles, as part of a new contract signed earlier this year. “Partnership with European companies is an important vector of the corporation’s development, which seeks to…
Nine commercial banks of Uzbekistan have been suspended from participation in currency trading “due to systematic violations related to transactions on the currency exchange”, the Central Bank of Uzbekistan reported. Hamkorbank, Turkiston Bank, HayTek Bank, Universal Bank, Invest Finance Bank, Ipak Yuli Bank, Savdogarbank, Trust Bank and Asia Alliance Bank were among those removed. “Measures…
Compared to January, the level of construction costs in Latvia rose by 0.4% in February. Maintenance and operational costs of machinery and equipment increased by 0.8%, prices of building materials by 0.5%, while labor remuneration of workers decreased by 0.1%. In February, the average level of construction costs was mainly influenced by an increase in…
Al Hilal and Zaman-Bank are the two Islamic banks operating in Kazakhstan today. The latter received an official permit from the National Bank for voluntary reorganization into the Islamic Bank in 2016. In August 2017 the bank obtained its license and was renamed the JSC Islamic Bank “Zaman Bank”. In a year, the total share…
The opening of Ryanair flights from Kharkiv Airport is the result of lengthy talks Ukraine’s Kharkiv International Airport has begun cooperation with Europe’s major discount air carrier, Ireland’s Ryanair, by launching new international flights from the city of Kharkiv. “We are pleased that Kharkiv Airport has become the third Ukrainian airport for Ryanair. In 2019,…
Ukraine’s state and government-guaranteed debt, estimated in U.S. dollars, shrank by 0.02%, or by $10 million, to $78.24 billion, in February. The debt in the hryvnia equivalent over the period under review fell by 2.8%, or by UAH 60.02 billion ($2.2 billion), to UAH 2.112 trillion (nearly $78.3 billion), according to the Ukrainian Finance Ministry’s…
The volume of freight turnover of railway transport in Azerbaijan is planned to be increased to 5.3 ton-kilometers in 2019, or by 17.7% YoY. According to government forecasts, the turnover will increase in subsequent years. As such, this figure will stand at 5.9 billion ton-kilometers in 2020, 6.6 billion ton-kilometers in 2021, and 7.4 billion…