Armenia: Ameriabank retains absolute leadership in banking sector

Ameriabank retains absolute leadership in the banking sector of Armenia by all key financial indicators i.e. assets, liabilities to clients, total capital, loan book and net profit, based on 2016 results.

Furthermore, the bank has reported strong performance in retail banking. (PanArmenian/Business World Magazine)

Turkmenistan and South Korea hold business talks

Ashgabat hosted a meeting of the Turkmenistan-South Korea intergovernmental commission on commercial, economic, scientific and technological cooperation, said the Turkmen Foreign Ministry in a message. The Turkmen side was headed by Deputy Prime Minister Maksat Babayev, the South Korean side – by Minister of Trade, Industry and Energy Joo Hyunghwan. The meeting’s agenda included the…

Tajikistan: first consignment of Turkish-assembled buses expected to arrive in Dushanbe soon

The first consignment of buses assembled in Turkey is expected to arrive in Dushanbe soon, Tajik Minister of Transport Khudoyor Khudoyorzoda reported. According to him, Tajikistan has purchased 40 Isuzu buses assembled in Turkey for Dushanbe. “In summer, we plan to purchase 24 more Isuzu bases from Turkey,” the minister said. Dushanbe authorities intend to…

Estonia: Swedbank growth estimate unchanged

According to the Swedbank Economic Outlook released on April 6, the bank has left the 2017 GDP growth forecast for Estonia at 2.2%, while unemployment is expected to increase to 7.6% this year. According to the bank’s forecast, Estonia’s GDP is expected to grow by 2.2% this year and by 2.8% next year. Household consumption…