Estonia hasn’t fallen behind in its preparations for the Rail Baltica project’s next phase, CEO of Rail Baltic Estonia, Riia Sillave, declared. This year the marking-out of the railway’s route as well as first negotiations with land owners are on the agenda. Rail Baltica’s next phase started on January 23 with the chief executives of…
DetailsCommercial banks of Uzbekistan in 2017 provided investment loans worth 16.1 trillion soums, up 1.3-fold YoY, the Central Bank of Uzbekistan said in a message. The Central Bank notes that when issuing investment loans, banks focused on ensuring timely and full financing of projects included in the State Investment Program for 2017, as well as…
DetailsThe Baku-Tbilisi-Kars (BTK) railway project has changed the transport map of Georgia, Prime Minister Giorgi Kvirikashvili said. He made the remarks addressing the ‘Strategic Outlook: Eurasia’ panel at the World Economic Forum in Davos on January 23. Kvirikashvili said that the international projects being implemented and the geographic location of Georgia formed the basis and…
DetailsIndustrial production in Ukraine in 2017 decreased by 0.1% compared to 2016, and in December 2017 it dropped by 0.5%, the State Statistics Service said. The authority said that with the adjustment to the effect of calendar days industrial production in December 2017 increased by 0.4% YoY. In comparison with the previous month in December…
DetailsKyiv Metropoliten has announced a tender for the construction of a section of the Syretsko-Pecherska metro line from the Syrets station to the Vynohradar residential area. According to the announcement in the ProZorro system, it is planned to build a section with an electric depot in Podilsky district (from the Syrets station to the Prospekt…
DetailsValery Belsky, Director of the Institute of Economics of Belarus’ National Academy of Sciences, named the prerequisites for the country’s GDP growth in 2018. According to him, in 2017 Belarus’ GDP went up by 2.4% versus the expected 1.7% increase. It stands to reason that the uptrend will continue in 2018, he believes. In particular,…
DetailsAfter almost five months of discussion, the National Bank of Kyrgyzstan decided to prohibit payments made with mobile phones, the Executive Director of the Association of Communications Providers Aibek Kurenkeev declared at a press conference on January 23. According to him, the Association opposes restrictions initiated by the National Bank to the development of non-cash…
DetailsAfghan President Mohammad Ashraf Ghani and Uzbek Deputy Prime Minister and Finance Minister Jamshid Kuchkarov discussed the construction of the Mazar-i-Sharif-Herat railway in Kabul. “The project has been evaluated,” Kuchkarov said. “Negotiations on project financing are currently underway with Uzbek commercial banks and the Asian Infrastructure Investment Bank.” The construction of the railway will be…
DetailsUkraine is holding talks with the European Commission and the European Investment Bank to implement a broad program for granting loans and grants to small and medium-sized businesses in order to minimize the outflow of Ukrainians to work abroad, Ukrainian Foreign Minister Pavlo Klimkin has said. “We are now working with the European Commission and…
DetailsUkrainian banks maintain positive expectations regarding the growth in lending to small and medium-sized enterprises (SME), as well as the population over the next 12 months, according to the report “Credit Conditions Survey” posted on the website of the National Bank of Ukraine (NBU). According to the central bank, 72% of the banks surveyed expect…
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