Pasha Bank Georgia and Pasha Yatirim Bankasi A.S., subsidiary banks of Azerbaijan’s Pasha Bank OJSC, improved the financial performance in 2018, Chief Financial Administrator, member of the Bank’s board Bahruz Naghiyev said. Naghiyev made the remarks in Baku at the press conference dedicated to the outcome of the subsidiaries’ activity in 2018. Pasha Bank Georgia’s…Details
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Estonia-founded international money transfer company Transferwise has closed a secondary funding round of $292 million, or EUR 261.1 million. Investors used the Transferwise for Business platform when settling the financing. Transferwise is now valued at $3.5 billion, and the latest funding round brings the total raised by the company in both primary and secondary funding…Details
Sergo Stepanyan and Samvel Stepanyan, Russia-based Armenian brothers and successful businessmen, have invested nearly $210,000 (100,000,000 drams) in the Armenian province of Kotayk, the Ministry of Diaspora reported. The two Armenians have funded the construction of a 3 km road in the Nor Yerznka community of the province. The inauguration of the road will take…Details
Ukraine International Airlines takes the 4th place in the listing of the most punctual international carriers operating into Beijing Capital International Airport as of April. In April, UIA operated 30 non-stop flights Kyiv-Beijing-Kyiv, with at least 26 of them – on time. The high level of punctuality – around 83.33% – allowed the leading Ukrainian…Details
The Deposit Guarantee Fund of Ukraine last week sold insolvent banks’ assets worth UAH 506.26 million, the fund’s press service reports. “Last week the assets of 18 banks, which are in the management of the Fund, were sold for UAH 506.26 million,” the report says. In particular, UAH 84.92 million was received from the repayment…Details
President of Azerbaijan Airlines, Jahangir Asgarov met with Ambassador Extraordinary and Plenipotentiary of Egypt to Azerbaijan, Adel Ibrahim Ahmed Ibrahim in Baku. During the meeting, the parties exchanged views on issues related to further cooperation in civil aviation between Azerbaijan and Egypt. Jahangir Asgarov emphasized an increase in passenger traffic at the international airports of…Details
While income not received from the production of electricity and oil is still being calculated, Estonian state-owned energy group Eesti Energia may have suffered up to EUR 100,000 in damages as a result of a shutdown of an energy production unit and an oil plant caused by a failure at an Elering-owned substation just outside…Details