The Dushanbe-based Kont Investment Bank has reportedly been renamed because its name does not meet the Tajik language norms. Kont Invesment Bank was renamed Bonki Osiyo (Bank Asia) in late March. On March 30, the NBT recalled the license of the Closed Joint-Stock Company (CJSC) Kont Investment Bank and granted license to conduct national and…Details
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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…Details
In January-March, the Port of Tallinn handled 5 million tons of cargo, down by 5% YoY. According to the Port Authorities, passenger traffic via the port grew by 1%, to 1.92 million people (the growth was driven mostly by the passenger flow between Tallinn and Helsinki). Cargo transshipment decline is attributed to reduced handling of…Details
In March Belarus’ gold and foreign currency reserves went down by $6.2 million (by 0.1%), if calculated in accordance with methods of the International Monetary Fund, to total $5,016.1 billion as of April 1, the Information and PR Department of the National Bank of the Republic of Belarus reported. In March the country’s gold and…Details
The European Bank for Reconstruction and Development (EBRD) climate resilience project proposal for the modernization of a hydropower plant in Tajikistan was approved for co-financing by the Green Climate Fund (GCF) on April 6. According to the EBRD News Center, the EBRD and other co-lenders are providing $158 million for the climate-resilient upgrade of Qairoqqum…Details
Ukraine in January-March exported electricity for $68.12 million, including $19.355 million in March alone. According to the State Fiscal Service, electricity delivered to Hungary amounted to $55.218 million in January-March, to Poland to $11.101 million, Romania to $1.286 and other countries – $516,000. Thus, in money terms exports of Ukrainian electricity in January-March grew by…Details
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…Details