TBC Bank has received a license from the Central Bank of Uzbekistan to launch operations in the country starting from June. The strategy of the bank is to develop a modern banking ecosystem for retail business as well as micro, small and medium size businesses. At the first stage, TBC will offer opening and saving…
DetailsThe number of passengers serviced by Ukrainian transport companies in January-March decreased by 16.3% YoY, to 19.6 billion passenger-kilometers, according to the data provided by the State Statistics Service of Ukraine. “In January-March, the passenger turnover of transport enterprises amounted to 19.6 billion passenger kilometers, or 83.7% of the volume of January-March 2019,” reads the…
DetailsExports of agricultural machinery from Ukraine shrank by 9.4%YoY in 2019, to $37.6 million, the head of the department of investment and logistics of the Institute of Agrarian Economics, Oleksandr Zakharchuk, said. “Traditionally, Ukraine’s export capabilities on basic agricultural machinery are much lower than imports. However, in 2019, foreign deliveries declined sharply – by 9.4%…
DetailsA system should be adopted for air travel that would provide customers vouchers instead of money for cancelled flights, said Latvian Transport Minister Talis Linkaits during a meeting of the Cabinet of Ministers. On April 21, the government supported Economy Ministry’s position in talks with European Union (EU) representatives that during the crisis caused by…
DetailsAzerbaijan was the main electricity provider to the neighboring Georgia in the period of January-March. Thus, Azerbaijan supplied 402.8 million kWh to Georgia of the total 744.2 million kWh imported in the first quarter, Electricity System Commercial Operator (ESCO) of Georgia reported. Azerbaijan’s electricity exports decreased by 12.2% YoY. Russia was the second electricity supplier…
DetailsIn five years to come Kazakhstan targets to build 13 airdromes. “This year it is expected to open a new international airport in Turkestan and a new passenger terminal in Shymkent. The Urdzhar airstrip reconstruction will start this year. If funds are released, the airstrips at the airports of Ust-Kamenogorsk and Usharal cities will also…
DetailsPrJSC Severodonetsk Azot, a part of Dmytro Firtash’s Group DF nitrogen business, increased the production of mineral fertilizers 7.3-fold YoY in January-March, to 180,210 tons, the enterprise said in a press release. During the period, the production of ammonia nitrate amounted to 141,610 tons (up 6.3-fold), carbamide to 32,030 tons, industrial aqueous ammonia was 2,810…
DetailsLarge- and medium-sized enterprises in Ukraine received UAH 422.235 billion, or $15.5 billion, in profit before tax in 2019, up by 26% YoY. Financial performance of Ukraine’s profitable enterprises grew by 10%, to UAH 596.284 billion ($21.9 billion), while that of loss-making companies shrank by 15%, to minus UAH 174.050 billion ($6.4 billion), according to…
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