Tajikistan: $96 million allocated for the 1st phase of the Dushanbe-Qurghon Teppa road rehabilitation project

The direct work on implementation of the Dushanbe-Qurghon Teppa road rehabilitation project will start in June. “This 90-kilometer highway is one of the most heavily traveled roads in the country because it has not been rehabilitated for more than 30 years, with the exception of a partial recovery work carried out in the early 2000s,”…


Latvia: closer cooperation with American ports to be formed

U.S. congressmen have voiced support for Latvia’s security and an interest for developing closer cooperation with the country’s ports, as reported by Latvian Foreign Affairs Ministry. On April 9, Latvian Foreign Affairs Minister Edgars Rinkevics met with a delegation of U.S. congressmen led by congressman Bull Shuster to discuss Trans-Atlantic relations, strategic cooperation between Latvia…


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)

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…


Tajikistan: GCF approves EBRD project proposal for modernization of hydropower plant

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…


Ukraine: $68 million worth of electricity exported in Q1 2017

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…