Kazakhstan: Kazkommertsbank and Halyk Bank merger to be completed in H2 2018

S&P Global Ratings kept their “B+” long-term global scale issuer credit rating and “kzBBB-” long-term Kazakhstan national scale rating on Kazkommertsbank (KKB) on CreditWatch with positive implications, where it was placed on December 22, 2017, the press office of the international rating agency reported. At the same time, the rating agency affirmed the “B” short-term…

Ukraine: economy up in 2017

Prime Minister of Ukraine Volodymyr Groysman stated that the Ukrainian economy grew by 2.5% in 2017. “Ukraine’s economy grew by 2.5% in 2017. When I became the prime minister, the main task of our government was to stop the decline. We did it and the Ukrainian economy began to grow. I understand that such indicators…

Latvia: finance sector’s development council supports prohibition of shell companies

Latvian Prime Minister Maris Kucinskis’ managed Finance Sector’s Development Council supported initiative on prohibiting shell companies, as confirmed by the prime minister. “We have reached an agreement on prohibition of shell companies in Latvia,” said Kucinskis, adding that the government planned to review this matter on April 3, and the Saeima – on April 8.…