Azerbaijan’s NIKOIL Bank and non-bank credit organization TBC Kredit (subsidiary of Georgian TBC Bank) are holding negotiations on the merger. To this end, both parties have signed an agreement on strategic partnership. A source close to the negotiations said that it was too early to talk about the actual merger, because there were still a…
About 40 builders of Osh-Batken-Isfana road in Batken region went on a strike because of non-payment of wages. The protesters demand payment of the wage arrears for four months. The Ministry of Transport and Roads said that the problem would be solved in the coming days. Funds will be transferred to the account of the…
Kernel Holding boosted sales of bulk sunflower oil to 1.301 million tons in FY 2018 (July-June), up by 20.1% YoY. Sales of bottled sunflower oil fell by 9.7%, to 118.6 million liter. The holding processed 3.136 million tons of sunseed in the reporting period, up by 6%. Kernel stepped up bulk oil sales by 37.3%…
PJSC Ukrzaliznytsia has invested into the development of the company almost UAH 3.5 billion raised this year from the indexation of tariffs for freight, Acting Head of the Board of Ukrzaliznytsia Yevhen Kravtsov stated at a meeting with representatives of shipping companies, the press service of Ukrzaliznytsia reports. “Ukrzaliznytsia, as promised, fulfills its obligations to…
Belarus’ Health Ministry expects an increase in the export of medical services in the wake of the extension of visa-free entry, Dmitry Kalistratov, head of business, pricing and state property at the Health Ministry, reported. According to him, the export of medical services increased significantly once the country launched a five-day visa-free program. In some…
In order to ensure uninterrupted power supply during the 3rd World Nomad Games, the Issyk-Kul branch of the National Electric Network of Kyrgyzstan is carrying out measures for the reconstruction of 110 kV substation Grigoryevka, the press service of National Electric Network of the Kyrgyz Republic JSC reported. The power supply for the 3rd World…
The Russian rating agency ACRA is forecasting the growth of Azerbaijan’s economy in 2018 at 1.5% with further acceleration of GDP growth to 3.2% in 2022, the agency’s report for Azerbaijan says. The agency noted that after the economic recession in 2016 and nominal growth of 0.1% in 2017, the economy of Azerbaijan began to…