Uzbek President Shavkat Mirziyoyev during negotiations with Pakistani Prime Minister Imran Khan said that both states had untapped potential to increase bilateral trade at least 5-fold. The parties said that the trade turnover between both countries had increased four-fold over the past years. The number of joint ventures has increased by more than a hundred.…
FlyArystan Airlines has launched regular flights between Kutaisi and the city of Shymkent (Kazakhstan), the Association of Airports of the Ministry of Economy of Georgia reports. The first flight was carried out on July 14. Shymkent has become the fourth city in Kazakhstan from which regular flights to Kutaisi are carried out. Currently FlyArystan also…
Swedbank Estonia reported first half of 2021 profits of EUR 89.2 million, a rise of a little under 2% YoY. The increase in profit, of EUR 1.6 million, was mainly the result of increased income for the bank. Olavi Lepp, Swedbank AS CEO, said: “Restrictions related to the COVID-19 pandemic were eased in the second…
JSC Ukrzaliznytsia has already received funds from the July placement of Eurobonds, the press service of the Ministry of Infrastructure reports. “Following meetings with investors and pricing, JSC Ukrzaliznytsia attracted financing in the amount of $300 million by issuing 5-year bonds. The funds are already on the company’s accounts,” reads the report. The ministry reminded…
The Verkhovna Rada of Ukraine has adopted as a basis and in its entirety a bill ratifying the financial agreement “Ukraine Recovery Programme” between Ukraine and the European Investment Bank (EIB) on a EUR 340-million loan, Minister of Communities and Territories Development of Ukraine Oleksiy Chernyshov has said. “Ukraine Recovery Programme is a continuation of…
Georgia received $201.9 million from abroad in June, up by 19.3% YoY, the National Bank of Georgia reported. Russia ($39.08 million), Italy ($31.70 million) and the United States ($24.98 million) were the largest remittance senders in June. Overall, the vast majority (94.3%) of all money transfers from abroad came from 19 countries. Last month, remittances…
Lithuanian banks will be making more thorough checks of international payments to Belarusian companies that might fall under the EU sectoral sanctions. The checks are needed to enforce the European Union’s targeted economic sanctions on Belarus, the Association of Lithuanian Banks (LBA) says. Bank clients are warned that financial institutions might ask to provide additional…