Estonia: European Central Bank withdraws Versobank’s license

The European Central Bank (ECB) has withdrawn the authorization of Versobank AS to operate as a credit institution. The ECB followed a recommendation of the Estonian Financial Supervision Authority according to which Versobank had committed serious breaches of legal requirements, in particular concerning the prevention of money laundering and combating the financing of terrorism. Following…

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Ukraine: construction industry remains stable

The index of construction products in January-February amounted to 100.7% compared to the same period in 2017. The Ukrainian enterprises have already completed construction works worth UAH 10.5 billion. This was announced by Deputy Minister of Regional Development, Construction, Housing and Utilities of Ukraine Lev Partskhaladze. “Based on the results of the first two months,…

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