U.S. Treasury Department’s Financial Crimes Enforcement Network (FinCEN) distances from Latvian Finance and Capital Market Commission’s (FCMC) statement regarding the coordinated liquidation model for ABLV Bank, as noted by the US Embassy in Latvia. FCMC had previously reported that after meeting with representatives from FinCEN the committee saw no obstacles for the execution of FCMC’s…
The information security management system of Air Astana JSC has been certified to be compliant with the ISO/IEC 27001:2013 standard. The certificate of compliance was presented to Air Astana JSC in April. After several years of ground work on policies, procedures, documents and systems the certification process started in October 2017 having contracted with Kazakhstan…
Lviv Armor Vehicle Factory, a part of the state-run military-industrial concern Ukroboronprom, has developed a new armored recovery and repair vehicle (ARRV) dubbed “Zubr” (“Bison”). The vehicle was created for technical support of tank units of the Armed Forces of Ukraine. “The Zubr was developed by Lviv Armor Vehicle Factory in 2018. Preparations for its…
The U.S. dollar and the euro continue to fall in price in Ukraine. On May 14, the U.S. dollar fell by 10 kopiykas, while the euro fell by 7 kopiykas. Experts believe the trend toward strengthening the hryvnia will continue. “The hryvnia exchange rate may range at UAH 25.9-26.75 to the dollar in May. The…
According to the consolidated interim report, the first quarter of 2019 has brought the international logistics and transport company AS Operail a net profit of EUR 2.6 million, which is twice as much as their net profit in the first quarter of 2018. Operail CEO Raul Toomsalu said that the main source of their profit…
Kazakh National Economy Minister Ruslan Dalenov gave an insight into the country’s economic growth rates. According to him, the country’s GDP growth made 4% in January-April against 3.8% recorded in this January-March due to accelerated development in manufacturing sector, service industry, agriculture and steady construction rates. “Since the beginning of the year the inflation rate…
The National Bank of Kyrgyzstan has ceased direct banking supervision at Rosinbank OJSC, press service of the National Bank reported. According to it, measures for financial rehabilitation of the bank have been taken and capitalization of Rosinbank OJSC has been carried out. Thanks to this, bank’s compliance with the economic standards and mandatory reserve requirements…