The National Bank of Ukraine (NBU) has allowed Ukrainian businessman Sergiy Tigipko to buy a 99.9% stake in Russian Sberbank’s Ukrainian subsidiary VS Bank, based in Lviv, according to the regulator’s website. “The National Bank of Ukraine has allowed Ukrainian citizen Sergiy Leonidovych Tigipko to buy 99.9% of VS Bank’s charter capital through indirect major…
The first 2+1 lane passing zone on Tallinn-Tartu Highway, built at the 131-135.1 kilometers between Annikvere and Neanurme, has been completed and partially opened to traffic. Two consecutive passing zones, respectively 1.5 and 1.3 kilometers in length, were constructed on the 4.1-kilometer length of the highway between the villages of Annikvere and Neanurme, the Estonian…
There are approximately 4,000 km of roads in Latvia that are practically unused for transport, said Latvian Transport Minister Uldis Augulis on November 9. He says most of those roads are local and municipal roads. With that, maintenance intensity will be reduced for those roads. “It would be nice if we could maintain roads leading…
Armenia has produced more brandy in the first nine months of 2017 than any other alcoholic drink. According to the National Statistical Service, brandy production grew by 56.5% YoY in January-September. The production of wine, meanwhile, has increased by 36%, that of beer and champagne by 10% and 11%, respectively. The production of vodka and…
Providing Turkmenistan with efficient mineral fertilizers is of great importance for increasing the yield of cultivated crops to ensure the country’s abundance in food and development of fodder supply for livestock and poultry farming. In particular, the commissioning of a carbamide plant under construction in Garabogaz city (Balkan district, Turkmenistan) is scheduled for June 2018,…
Belarus’ economic growth will make up about 1.7% in 2017, IMF mission chief for Belarus Peter Dohlman declared on November 9. “We suppose that the economic growth will reach about 1.7% in 2017 and will stay at about 2% in the midterm,” the IMF mission chief for Belarus said. Earlier, the IMF forecasted Belarus’ GDP…
Ukrenergo in January-September increased transmission of electricity through the backbone power grids by 5% (by 4.042 billion kWh) compared to the same period in 2016, to 84.28 billion kWh. According to a report posted on the company’s website, the cost of electricity transmission services rose by 25.8% over the nine months (by UAH 1.231 billion),…