Ukraine: one more bank liquidated

The Deposit Guarantee Fund has completed the liquidation of PJSC Unikombank, according to the Fund’s press service. “On November 14 relevant documents were submitted to the United State Register of Legal Entities, Individual Entrepreneurs and Public Organizations to register the termination of PJSC Unikombank as a legal entity, thus, the process of liquidation of the…

Azerbaijan: wine production to increase by 2024

The Azerbaijani government predicts to increase its wine production by 2024, boosting the profitability and export potential of this sector. Winery occupies one of the most important places in the food industry in Azerbaijan. The country is famous for its high quality grape varieties. At present, about 40 winemaking enterprises operate in Azerbaijan, producing natural…

Ukraine: Ukreximbank head detention not to affect work

The Supervisory and Management Boards of Ukraine’s state-owned Ukreximbank have assured that the detention of the bank’s head, Oleksandr Hrytsenko, by the SBU Security Service of Ukraine will not affect the financial institution’s work. “The Supervisory Board and the Management Boards of the bank continue ensuring the financial institution’s efficient operation and guarantee its customers…

Ukraine: freight railway tariffs to be cut

Ukrmetprom President Oleksandr Kalenkov says freight railway tariffs should be reduced by 10% in Ukraine under the current crisis conditions. “Amid the crisis in all industries in global markets, we need to consider the issue of lowering Ukrzaliznytsia’s tariffs by 10%, that is to set such a precedent. This will give an additional incentive to…

Azerbaijan: cooperation in maritime sector mulled with Mexico

In order to review prospects of bilateral cooperation in maritime sector, Ambassador of Mexico Rodrigo Labardini has met with Director of Azerbaijan’s State Maritime Agency Gudrat Gurbanov. Welcoming the ambassador, the director spoke about agency’s functions, its bilateral and multilateral links. Also, he underlined agency’s activity within the International Maritime Organization (IMO). In this regard,…

Latvia: Z-Towers examination reports to be evaluated by construction experts

The State Construction Control Bureau of Latvia (BVKB) has commenced an administrative process and plans to assess the work performed by certified construction experts on Z-Towers. This includes assessing reports associated with the project, as confirmed by the office’s representative Elina Balgalve. She explains that the project Z-Towers has commenced well before the establishment of…

Armenia: military industry budget to grow in 2020

Budgetary allocations in the military industry will grow by 122% in 2020, Hakob Arshakyan, Minister of High-tech Industry, declared. “Out of the AMD 12.5 billion ($26.3 million) to be allocated to the Ministry of High-tech Industry, AMD 6.3 billion ($13.3 million) will be spent on military industry,” Arshakyan said. Some of the expenses, the minister…