Azerbaijan, which is an important supplier of natural gas in the Caspian Sea region, particularly to European markets, keeps increasing its gas exports. In the period from January to May Azerbaijan exported 4.9 billion cubic meters of gas, up 1.8-fold YoY, according to the Azerbaijani State Customs Committee. In monetary terms, the export volume amounted…
Uzbekistan Airways plans to have switched to a hybrid airline by the end of 2019. “When we worked with World Bank (WB), they assured us that the best option that was actively used throughout the world was to create a hybrid airline,” a representative of Uzbekistan Airways said. The hybrid airline will continue to fly…
Construction of a pedestrian overpass is underway on Bishkek – Naryn – Torugart road, press service of the Ministry of Transport and Roads of Kyrgyzstan reported. The overpass is being built at the 63rd kilometer. “All the concrete and earthworks have been completed, mounting of the above-ground pedestrian crossing constructions is underway,” the ministry said.…
The National Bank of Ukraine (NBU) has identified 14 systemically important banks in accordance with the updated methodology, the central bank’s press service has reported. “The National Bank has determined the list of systemically important banks in accordance with the updated methodology. The new methodology has significantly expanded the number of such banks,” reads the…
Ukraine has every opportunity to get energy independence in five years, Prime Minister of Ukraine Volodymyr Groysman has said. “If all of us work in unison, in five years we will be able to abandon purchasing gas,” he declared. The prime minister stressed that for many years Ukraine had been preserving its capabilities and gas…
The Central Bank of Azerbaijan (CBA) held a deposit auction on July 1, where it attracted 100 million manats from Azerbaijani banks. The bank noted that the demand at the auction amounted to 701.5 million manats. The funds are placed for a period of 14 days with a yield of 6.51%. The auction was held…
A special Lithuanian governmental commission gave the same verdict that Revolut’s activities did not run counter to the country’s national interests after completing its third review of the UK-based fintech start-up. The commission that vets transactions by strategic enterprises took the decision on June 25. Revolut Bank plans to start operating as a specialized bank…