The state-owned Oschadbank (Kyiv) seeks to boost the share of small and medium-sized enterprises (SME) in its loan portfolio 6-fold by 2020, to 30%, Oschadbank Board Chairman Andriy Pyshny has said. “The development strategy of Oschadbank, which has been in the active phase of modernization in the past three years carried out jointly with our…
Sergiy Tigipko intends after the purchase of VS Bank (Lviv) to merge it with TAScombank (Kyiv), the businessman said during the Ukrainian banking forum CIS Bankers held in Kyiv. “We want to merge VS Bank and TAScombank – we undertook such obligations. This will allow us to significantly increase the capital (by 60%), which we’ve…
Accusations made by the Federal Service for Veterinary and Phytosanitary Surveillance of Russia (Rosselkhoznadzor), which believes Belarus re-exports tomatoes, are groundless, Belarusian Agriculture and Food Minister Leonid Zayats declared. The official reminded that the Russian agency already inspected gardens, farms, and storage facilities in Belarus at the beginning of the year. “Tensions were relieved and…
The World Bank predicts a slight increase in GDP of Kyrgyzstan by 2019. In three years, the economy will grow by 1.3%, the regular review of the economic situation in Europe and Central Asia says. Thus, following the results of 2017, the World Bank expects that the real GDP of Kyrgyzstan with constant market prices…
Azerbaijan Caspian Shipping CJSC plans to order the construction of vessels to Australian companies, President of Azerbaijani Chamber of Commerce in Australia Nizami Jafarov reported. “Talks on the construction of new vessels are not yet underway, but we have such plans for the future,” he said. Jafarov reminded that in 2013, Azerbaijan Caspian Shipping and…
Industrial production in Ukraine in September decreased by 0.3% YoY, while in August it increased by 1.2%, the State Statistics Service has said. The agency said taking into account adjustment for the effect of calendar days, industrial production in September from September 2016 declined by a mere 0.1%. It said in comparison with the previous…
Italy-based Ernest Airlines carried out its first flight from Orio al Serio International Airport (Milan/Bergamo) to the Ukrainian Danylo Halytskyi International Airport in Lviv with 102 passengers on board on October 20, according to Lviv airport’s press service. The plane made its return flight to Milan with 99 passengers on board, it said. Ernest Airlines…