Latvia’s Finance and Capital Market Commission (FKTK) has fined Rietumu Bank a total of EUR 5.85 million for violations of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing, as confirmed by FKTK. It is the biggest fine that has been applied to a bank by FKTK so far. In 2019,…
Construction work on Bishkek – Kara-Balta road has been 72% completed, the Ministry of Transport reports. Earthworks are underway in Sokuluk village to prepare the foundation of the road. The top layer of asphalt is being laid in Poltavka village, Zhaiyl district. As for Kirkomstrom site, work on laying a drainage pipe has been completed,…
The World Bank’s Board of Executive Directors has approved the Tax Administration Reform Project in Uzbekistan, which is designed to improve the operational efficiency and effectiveness of the State Tax Committee and deliver better services to local taxpayers. The project is to be supported by a $60-million concessional credit from the International Development Association, with…
Since the end of April, the exchange rate of the Ukrainian currency against the dollar has strengthened by almost one hryvnia, according to Deputy Governor of the National Bank of Ukraine (NBU) Yuriy Heletiy. According to the NBU deputy governor, among the main factors that influenced the strengthening of the national currency was the reduction…
In May, Ukraine’s total volume of electricity exports amounted to 460 million kWh, up 13.2-fold from the total volume of electricity imports, which reached 34.9 million kWh, to the press service of Ukrenergo National Power Company reported. Compared to April, Ukraine’s electricity exports increased by 21%, while imports decreased by 12.9%. “Starting from May 27,…
The regions of Uzbekistan and Tatarstan held a business forum in Tashkent. The event saw Deputy Prime Minister-Minister of Investment and Foreign Trade of Uzbekistan Sardor Umurzakov, President of the Republic of Tatarstan Rustam Minnikhanov, Ambassador Extraordinary and Plenipotentiary of the Russian Federation to the Republic of Uzbekistan Oleg Malginov and mayor of the Tashkent…
The Asian Development Bank (ADB) has approved a $25-million grant to help the Government of Tajikistan procure and deploy coronavirus disease (COVID-19) vaccines and strengthen the country’s capacity to implement its vaccination program. “COVID-19 vaccines save lives and are vital to accelerating the economic recovery in Tajikistan and elsewhere,” said ADB President Masatsugu Asakawa. “Through…