Ukraine: Okean shipyard sold for $4.3 million

Assets of the PJSC Mykolaiv Shipyard Okean (Ocean) located in Ukraine’s southern city of Mykolaiv were sold at an auction on December 3 to Annona Trading House LTD for UAH 122.195 million, or $4.3 million, according to Liquidator of the shipyard Iryna Serbin. Initially, the starting price of the enterprise was UAH 1.8 billion ($63.8…

Georgia: over 8 million international travelers welcomed in 2018

Georgia has set a new record, hosting over 8 million international travelers this year, the Georgian National Tourism Administration (GNTA) announces. More specifically, Georgia hosted 8,105,829 international travelers in January-November, showing an increase of 10.6% YoY. Of these travelers, 4,486,595 were tourists, up by 17.2%. The majority of foreign travelers were from Russia -1,341,127 (+23.8%),…

Turkmenistan: additional railway line to be built in Afghanistan

The information about laying an additional 10-kilometer railway line to develop Afghanistan’s Aqina railway station was voiced at a working governmental meeting in Ashgabat city. The corresponding project was developed at the Turkmen Ministry of Railways. President of Turkmenistan Gurbanguly Berdimuhamedov stressed that all infrastructure facilities of this railway must be provided with equipment that…

Ukraine: FDI up in January-September 2018

The volume of foreign direct investment in the Ukrainian economy (non-residents’ equity capital) in January-September increased by $367.2 billion, or by 1.2% YoY, to $31.974 billion as of October 1. Over the period under review $1.71 billion in new investment was received, while $491.5 million was dropped. The negative revaluation stood at $851.7 million, according…

Ukraine: Deposit Guarantee Fund introduces temporary administration in VTB Bank

The Individuals’ Deposit Guaranteeing Fund has started the procedure of withdrawing PJSC VTB Bank from the market by introducing temporary administration for one month from November 28 to December 27. According to the fund’s website, Yulia Zabolotna has been appointed temporary administrator of the credit institution. The beginning and procedure of paying guaranteed amount to…