Azerbaijan: banking sector stabilized

Azerbaijani banking sector stabilized after creditors restructured $3.3 billion in foreign obligations of the state-owned International Bank of Azerbaijan (IBA) in return for government bonds, said Nariman Mannapbekov, head of ADB Azerbaijan office. “Some capitalized banks are making initial efforts to gradually build-up their loan portfolios,” Mannapbekov said. On July 15, 2015, President of Azerbaijan…

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Belarus: cargo railway transportation with Estonia to improve

The railway companies of Belarus and Estonia are set to increase bilateral cargo transportation operations, the press service of the Belarusian Railways reported. The heads of the Belarusian Railways and the Estonian Railways met in Minsk to discuss cargo transportation on the Belarus-Estonia route and their prospects. In January-August the volume of transported cargo exceeded…

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