International consulting company Alvarez & Marsal (A&M) will help two Tajik banks – Tojik Sodirot Bonk (TSB) and Agroinvestbonk – wriggle out of a tight financial situation. The company will work out the plan of recovery of these distressed banks. Issues related to the current state of TSB and Agroinvestbonk were discussed at a meeting…Details
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The Asian Infrastructure Investment Bank (AIIB) will cooperate with the private sector in Azerbaijan, whenever possible, to invest in infrastructure projects which meet the bank’s mandate, strategy and standard, a source in AIIB reported. The source added that mobilizing private capital was one of AIIB’s priority. “AIIB is interested in financing infrastructure investment projects in…Details
Compared to April 2016, total retail trade turnover rose by 2.8% in April 2017. Turnover of retail trade in food products increased by 1.7% and turnover of retail trade in non-food products grew by 4%. The most significant growth in turnover in the non-food product group was recorded in retail sale of information and communication…Details
Three solar power plants with a total capacity of 86 MW are to be built in Odessa region before June 1, 2018. Kness Group CEO Serhiy Shakalov and Chairman of Odessa Regional Administration Maksym Stepanov signed a memorandum on cooperation on May 25. The facilities will be located in Oknyansky and Artsyzky districts of the…Details
An extensive work has been carried out in Uzbekistan in recent years to improve the energy efficiency in sectors of the economy and the social sphere, as well as expand the use of renewable energy sources. In particular, pursuant to the Decree of the President dated March 1, 2013 “On measures for further development of…Details
The Central Bank of Azerbaijan (CBA) plans to discuss the issue of revising the discount rate in mid-June, Elman Rustamov, chairman of the CBA, declared on May 30. “The monitoring of market prices in Azerbaijan held in May showed that inflation continued to decline,” Rustamov said. “In this situation, the issue of revising and mitigating…Details
The Central Bank of Azerbaijan (CBA) believes attainment of a single-digit rate of inflation by late 2017 is feasible, CBA head Elman Rustamov said on May 30. “The forecasts of international organizations, including the International Monetary Fund and the World Bank, for the rate of change of consumer prices in Azerbaijan are positive,” he said.…Details