The European Central Bank (ECB) has withdrawn the authorization of Versobank AS to operate as a credit institution. The ECB followed a recommendation of the Estonian Financial Supervision Authority according to which Versobank had committed serious breaches of legal requirements, in particular concerning the prevention of money laundering and combating the financing of terrorism. Following…
Retail trade turnover in food stores grew by 9% YoY in January. This includes a 5.8% increase in non-specialized stores and 62.2% in specialized stores, according to information from Maxima retail compass industry review. 2018 commenced with increased growth rate for retail trade sector (except for retail trade of fuel) when compared with the years…
Several streets in Bishkek have been closed for traffic since March 26 due to repairs, press service of the Bishkek City Administration reported with reference to the Capital Construction Department. Akhunbaev (from 25th Street to Kopuro-Bazar) and Orozbekov (from Fere to Mozhaiskaya) Streets were closed. Repair of roads is planned to be completed by the…
The index of construction products in January-February amounted to 100.7% compared to the same period in 2017. The Ukrainian enterprises have already completed construction works worth UAH 10.5 billion. This was announced by Deputy Minister of Regional Development, Construction, Housing and Utilities of Ukraine Lev Partskhaladze. “Based on the results of the first two months,…
Ukrainian nuclear power plants (NPPs) produced 219.49 million kWh of electricity on March 25, the press-service of Ukraine’s State Enterprise “National Nuclear Energy Generating Company Energoatom” reports. On March 26, 10 out of 15 power units were functioning at the Ukrainian power plants. It was the 66th day of the average scheduled repairs at power…
Already this year in the Kundzinsala territory of the Freeport of Riga it is planned to begin construction works for the development of a spacious, multifunctional cargo handling, warehousing and logistics center that will serve as the hub for cargo distribution and consolidation for goods and products from India and other countries to the markets…
The first batch of new trolleybuses purchased at the expense of EBRD funds within the public transport development project arrived in Bishkek. According to the press service of the Bishkek City Administration, 5 trolleybuses out of 37 are already in Bishkek, 4 more trolleybuses are on their way and will arrive in a week. Currently,…