In January-April Belarus’ gold and foreign currency reserves went up by 3.7%, if calculated in accordance with methods of the International Monetary Fund, to $5.1 billion, the Information and PR Department of the National Bank of the Republic of Belarus reported. According to the preliminary data, as of May the country’s gold and foreign currency…
Horizont Holding Company is set to step up the effort to strengthen its international manufacturing ties and enter new markets, Horizont Director General Yuri Predko declared. The Belarusian company views Slovakia as a promising partner. Yuri Predko said that a number of cooperation agreements were signed during the Belarusian-Slovak Business Forum held in Bratislava in…
A strategy for state-owned banks being designed will focus on settling the problem of competition between the financial institutions, first of all PrivatBank and Oschadbank (both based in Kyiv), Ukrainian Finance Minister Oleksandr Danyliuk has said. “Oschadbank is competing with PrivatBank. I cannot criticize managers of the two banks for competition: they are commercial structures,…
In May Ukraine is expected to export 583 million kilowatt-hour of electricity to Moldova and Eastern European countries, according to the forecast balance of Ukraine’s integrated energy system for May. All types of electricity-generating facilities in Ukraine’s integrated energy system will produce 11.608 billion kilowatt-hour of electricity. Meanwhile, Energoatom National Nuclear Energy Generating Company of…
Germany’s Kreditanstalt fur Wiederaufbau (KfW) will provide 7 million euros for the rural housing finance in Tajikistan. An agreement on this subject has been signed by Ms. Kristin Laabs, Country Director, KfW Development Bank Tajikistan, and Mr. Nematullo Hikmatullozoda, Minister of Economic Development and Trade of Tajikistan. The German and the Tajik governments reportedly agreed…
Crosco Integrated Drilling & Well Services Ltd. (Croatia) has won 2 out of 15 lots of a tender of the public joint-stock company Ukrgazvydobuvannia to carry out drilling works in Kharkiv and Poltava regions in 2017-2019. According to a report in the ProZorro e-procurement system, Ukrgazvydobuvannia seeks to sign a contract for UAH 792.581 million…
PrivatBank states it will increase its payment terminal network by 20% with Verifone services, about 20,000 Verifone VX 520 terminals are expected to be deployed by September, the bank’s press service reports. “PrivatBank aims at increasing its network for payment and contactless cards acceptance by 20% in 2017. Verifone has been selected as the payment…