Ukraine: Kazakh investor acquires Region-Bank

Kazakh investor Arif Babayev has become the owner of Ukrainian Region-Bank renamed Sky Bank, the bank’s press service has reported. “The Kazakh investor bought universal bank Region-Bank with 26 year experience on the Ukrainian market renaming it Sky Bank and focusing on development of IT solutions,” the bank said on its website. “We are making…

Ukraine: corn crops in fair condition

The absence of productive rain over a long time caused faster ripening of early cereals in the southern and central regions, along with premature drying of those planted after non-fallow predecessors. As a result, kernels failed to get filled: they are shriveled with a low 1000-kernel weight (23-35 g). As of today, winter wheat in…

Turkmenistan and Afghanistan sign a set of bilateral documents

Turkmenistan and Afghanistan enter new level of relations as Ashgabat has hosted the high-level talks between Turkmen President Gurbanguly Berdimuhamedov and his Afghan counterpart Mohammad Ashraf Ghani on July 3. Overall the top-level talks focused on the regional safety and bilateral cooperation. Particular attention in this regard was paid to the Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline.…

Tajikistan: JICA to improve substations in Dushanbe

On June 30 a grant agreement for “the Project for Improvement of Substations in Dushanbe” was signed between Tajikistan and the Japan International Cooperation Agency (JICA) in the amount of 2,190 million Japanese Yen (about $20 million), JICA Tajikistan Office reported. The document was reportedly inked by the Minister of Finance of Tajikistan Abdusalom Qurboniyon…

Ukraine: Billa to close stores in regions

Germany’s REWE Group, developing the Billa supermarket chain in Central and Eastern Europe, does not plan to leave Ukraine. “Billa continues operating in Ukraine and would be successfully present on the Ukrainian market. We do not plan to leave Ukraine,” Rewe International AG, the subsidiary of the German concern, reported. The company confirmed that the…