UAE-based investment company Frontera Capital will acquire securities of O’zsanoatqurilishbank. The delegation of O’zsanoatqurilishbank visited the United Arab Emirates, where the parties signed the agreement on development of cooperation. The document provides for raising $50 million using investment and credit instruments. The agreement also provides for the sale of securities of the Uzbek bank to…
Inflation in December 2018 compared to December 2017 will be about 1%, the National Bank of Kyrgyzstan says. It is noted that, taking into account the updated data, the estimate of annual inflation rate has been revised to a greater decrease. At the same time, in the second half of 2019, it will enter the…
In accordance with the statistics of the Azeraeronavigation Air Navigation Department (AZANS) for 2018, a total of 150,000 flights used Azerbaijan’s airspace, and 95,000 of them accounted for transit flights, the press service of Azerbaijan Airlines CJSC reported. These figures are record-high in the history of AZANS. During the daily period, record-high number was 500…
PrivatBank declared a profit of UAH 9.03 billion in January-November. Earlier, Deputy Head of the Board at PrivatBank Halyna Pakhachuk said that about half of the bank’s interest income was generated by government bonds received during additional capitalization – UAH 8.7 billion since the beginning of the year (the Finance Ministry’s coupon payments on government…
The largest share of gross domestic product (GDP) of Georgia by region was held by the capital city of Tbilisi (50.1%), followed by the regions of Imereti (10%), Adjara (8.9%), Kvemo Kartli (8.2%) and Samegrelo-Zemo Svaneti (6.4%). Overall, the GDP of Georgia at current prices in 2017 amounted to 37.84 billion GEL, says the regional…
When weather becomes cold, demand usually increases for mulled wine, hot juice-based drinks, as well as ingredients needed to make them, according to information from ELVI. Demand for hot drinks with juice in them doubled in November when compared to the same month of last year. Mulled wine sales, on the other hand, increased 8-fold.…
The Union of Entrepreneurs and Employers of Poland believes that the possible outflow of Ukrainian workers to Germany could inflict serious damage to the Polish economy. On December 9, the German government approved a bill that provided for the abolition from 2020 of priority conditions in employment of own citizens and those of other EU…