Azerbaijan: growing cargo volumes affecting climate

After Azerbaijan regained the state independence, the government began to pay special attention to managing emissions and protecting the environment, Minister of Ecology and Natural Resources of the Republic of Azerbaijan Mukhtar Babayev said at the 4th SOCAR International Caspian and Central Asia Downstream Forum on Trading, Logistics, Refining and Petrochemicals in Baku. According to…

Kyrgyzstan: Rosinbank to specialize in lending

Rosinbank will become a specialized bank, the main focus of which will be lending of infrastructure, communications and housing construction, Chairman of the National Bank Tolkunbek Abdygulov said. According to him, the authorized capital of Rosinbank OJSC will be additionally increased to 3 billion soms. This decision was made by the Board of the National…

Ukraine: return of PrivatBank to former owners impossible

The return of PrivatBank to its former owners due to the court ruling that declares nationalization of PrivatBank illegal is impossible, NBU First Deputy Governor Kateryna Rozhkova said at a press briefing regarding appeal against the court decision to nationalize PrivatBank, the NBU’s press service reported. “PrivatBank’s nationalization was an important step towards ensuring financial…

Ukraine: hryvnia to weaken by year-end

S&P Global Ratings predicts the hryvnia, Ukraine’s national currency, will have weakened against the U.S. dollar to UAH 28.6 by the end of 2019. The hryvnia is expected to drop to UAH 29.5 per dollar in 2020, to UAH 30 in 2021, and to UAH 30.5 in 2022, according to the agency’s press release. Ukraine’s…

Kazakhstan: company to build railways in Slovakia

Thanks to support of KazakhExport Export Insurance Company (Baiterek affiliate) Kazakhstani companies have reached a new level of cooperation, Chairman of the Board of Baiterek National Management Holding Aidar Arifkhanov said. KazakhExport encourages Kazakhstani companies to enter the international market of construction services. For example, the country’s companies take part in the railways construction tender…

Ukraine: business wants to see economic stability and investment protection

In Ukraine, business needs macroeconomic stability, the rule of law, the eradication of corruption and the protection of investments and property, President of the American Chamber of Commerce in Ukraine Andy Hunder said at a meeting with business representatives, held with the participation of President Petro Poroshenko. “Business wants to see economic stability. Reforms should…

Ukraine: labor migrants’ remittances up in 2018

The volume of remittances through digital services and PrivatBank offices in 2018 grew by 25% YoY, to $2.6 billion. Over 60% of remittances were received exclusively via digital services, according to the bank’s press service. Referring to the statistics of the National Bank of Ukraine on $5.67 billion of money transfers through official channels, PrivatBank…