Ukraine: one more bank liquidated

The Deposit Guarantee Fund has completed the liquidation of PJSC Unikombank, according to the Fund’s press service. “On November 14 relevant documents were submitted to the United State Register of Legal Entities, Individual Entrepreneurs and Public Organizations to register the termination of PJSC Unikombank as a legal entity, thus, the process of liquidation of the…

Azerbaijan: wine production to increase by 2024

The Azerbaijani government predicts to increase its wine production by 2024, boosting the profitability and export potential of this sector. Winery occupies one of the most important places in the food industry in Azerbaijan. The country is famous for its high quality grape varieties. At present, about 40 winemaking enterprises operate in Azerbaijan, producing natural…

Ukraine: Ukreximbank head detention not to affect work

The Supervisory and Management Boards of Ukraine’s state-owned Ukreximbank have assured that the detention of the bank’s head, Oleksandr Hrytsenko, by the SBU Security Service of Ukraine will not affect the financial institution’s work. “The Supervisory Board and the Management Boards of the bank continue ensuring the financial institution’s efficient operation and guarantee its customers…

Ukraine: freight railway tariffs to be cut

Ukrmetprom President Oleksandr Kalenkov says freight railway tariffs should be reduced by 10% in Ukraine under the current crisis conditions. “Amid the crisis in all industries in global markets, we need to consider the issue of lowering Ukrzaliznytsia’s tariffs by 10%, that is to set such a precedent. This will give an additional incentive to…