Tajikistan’s largest commercial banks – Tojik Sodirot Bonk (TSB) and Agroinvestbonk – will hardly recover from recent shocks quickly. It will take them years to restore their financial assets. Two other distressed banks – Tajrpombank and Fononbank – have been declared bankrupt. Until recently TSB and Agroinvestbonk have occupied a half of the country’s banking…
Four kilometers of four-lane road will be built in Karakol town in Issyk-Kul region of Kyrgyzstan this year, the city mayor Daniyar Arpachiev reported. “As of today, the most problematic roads are central ones. We have been raising the issue of repairing Toktogul, Abdrakhmanov and Kydyr-Ake Streets since the last year. About 10 kilometers of…
Ukraine in January-April increased transit of natural gas through its gas transportation system by 22.5% (5.602 billion cubic meters) compared to January-April 2016, to 30.53 billion cubic meters, according to live data from PJSC Ukrtransgaz. Gas transit through Ukraine to Europe in the past four months amounted to 29.388 billion cubic meters and to Moldova…
The transition bank created on the basis of Diamantbank declared insolvent earlier would have enough attractive assets, and the bank had a potential investor, Diamantbank Board Chairman Oleh Khodachuk has said. “In four days after the introduction of interim administration the bank’s employees carried out titanic work resulted in submitting an application of a qualified…
As part of the terminal’s expansion project, construction of a new warehouse for Ventspils Grain Terminal has been successfully completed. Now it is possible to commence wall construction work, as reported by the company’s chairman Vladislavs Safranskis. The expansion project for the improvement of Ventspils Freeport includes not only increasing storage capacity thanks to the…
Over the first quarter of this year, Tajikistan’s national budget has received some 145 million somoni less than originally planned. In January-March, the budget reportedly stood at 4.862 billion somoni, or 97.1% of the planned volume. It means that the budget was expected to receive 5.007 billion somoni over the first three months of this…
Russia’s Yamal Airlines says it is expected to resume flights to Tajikistan from Zhukovsky Airport in early summer. “We are currently preparing application for permission for transit flights via Tajikistan’s air space. As soon as we receive affirmative reply we will start selling tickets. We plan to launch flights to Tajikistan in late May or…