According to the Estonian Ministry of the Interior, building the infrastructure and surveillance system of the border between Estonia and Russia is set to cost around EUR 250.3 million over the course of 11 years, with additional maintenance costs of EUR 70 million to be needed down to 2026. At present the available resources to…
Iranian Deputy Minister of Industries, Mining and Trade Mohsen Salehinia said Iran Khodro Group (IKCO) planned to open new production line in neighboring Azerbaijan in a bid to increase its annual production there. “Iran Khodro is equipping its production line in Azerbaijan and plans to increase its daily output from 4 to 8 cars,” Salehinia…
The German federal company Deutsche Gesellschaft fur Internationale Zusammenarbeit (GIZ) mbH launches a new project to support the Energy Efficiency Fund of Ukraine, Vice Prime Minister-Minister for Regional Development, Construction and Housing Hennadiy Zubko wrote on his Facebook page. “We continue to unite international partners around the energy efficiency reform and the launch of the…
President of the State Enterprise Antonov Oleksandr Donets says his enterprise plans to build from 5 to 10 aircraft in the next five years under a base-case scenario. “The An-178 is my priority, because Antonov has always been famous for its transport aircraft. Then we will launch the manufacture of the An-158 aircraft. We would…
The Estonian Navy is set to modernize its three Sandown class minehunters for EUR 30 million, it has been announced. The modernization is to include improvements in mine clearance and marine surveillance capacities. The vessels will get new, identical, mine clearance systems which will be more up-to-date and reliable, thus requiring less maintenance. The project…
Belarus is turning into a stably profitable investment destination, Sberbank President, Chairman of the Board German Gref has said. German Gref noted that the bank found a stable and lucrative investment market in Belarus. “The operations in Belarus generated a 17% return on capital last year, which is pretty good for the banking sector, although…
The volume of foreign deposits in Latvian banks, including ABLV Bank in the middle of its liquidation, declined to 28.7% in June when compared to 39.7% at the end of 2017, according to the latest information from the Finance and Capital Market Commission. Without ABLV Bank, the volume of foreign deposits comes down to 22.1%.…