In 2018 the share of payments through POS terminals in Azerbaijan accounted for 3-4% of the country’s GDP (65.2 billion manats in January-October), Erdem Cakar, MasterCard country manager in Azerbaijan, said at a press conference on November 29. He said the figure was 40% in Turkey, 50% in the UK and 70% in Sweden. In…Details
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The information about laying an additional 10-kilometer railway line to develop Afghanistan’s Aqina railway station was voiced at a working governmental meeting in Ashgabat city. The corresponding project was developed at the Turkmen Ministry of Railways. President of Turkmenistan Gurbanguly Berdimuhamedov stressed that all infrastructure facilities of this railway must be provided with equipment that…Details
The volume of foreign direct investment in the Ukrainian economy (non-residents’ equity capital) in January-September increased by $367.2 billion, or by 1.2% YoY, to $31.974 billion as of October 1. Over the period under review $1.71 billion in new investment was received, while $491.5 million was dropped. The negative revaluation stood at $851.7 million, according…Details
The Individuals’ Deposit Guaranteeing Fund has started the procedure of withdrawing PJSC VTB Bank from the market by introducing temporary administration for one month from November 28 to December 27. According to the fund’s website, Yulia Zabolotna has been appointed temporary administrator of the credit institution. The beginning and procedure of paying guaranteed amount to…Details
In September and October wind power plants in Latvia doubled their yield of electricity for the country’s total balance when compared to the previous four months, according to information compiled by AS Augstsprieguma tikls. The total balance of wind energy was 4.3%, or 16,381 MWh in September and 4.06% or 15,851 MWh in October. The…Details
Foreign investments in the amount of $12.3 billion were attracted to the economy of Kazakhstan in the first half of 2018, This is 15.4% more than a year earlier ($10.6 billion). Interestingly, 92.4% of all investment flows to Kazakhstan in the six months accounted for only 10 countries. The absolute leader in investing to the…Details
At least 9 new customs terminals will be built in 2019-2021 in Uzbekistan on the border with Kazakhstan and Kyrgyzstan. The decree was signed by President of the Republic of Uzbekistan Shavkat Mirziyoyev. Four of them will be built in 2019-2020, and five more – in the next two years. “The state bodies and other…Details