Lithuania: anti-money laundering tactics changed

In a change of anti-money laundering tactics, Lithuania’s authorities open pre-trial investigations even if there are only suspicions about the origin of money, Mindaugas Petrauskas, deputy director of the Financial Crime Investigation Service (FNNT), said. According to him, the state received 4 million euros in extra revenue last year, even though the investigations were discontinued.…

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Ukraine: Deposit Guarantee Fund completes payments to Interbank depositors

The Deposit Guarantee Fund has completed payments to the depositors of PJSC Commercial Bank Interbank, according to the Fund’s press service. “On May 24 the authorized person of the Deposit Guarantee Fund for the liquidation of the PJSC Commercial Bank Interbank submitted documents to the state registrar of legal entities, individual entrepreneurs and public organizations…

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Ukraine: industrial output up in April 2019

Industrial output in Ukraine in April accelerated to 5.2% from 2.1% in March. With calendar adjustment, industrial production growth in Ukraine in April accelerated to 4.4% YoY against 2.7% in March, the State Statistics Service of Ukraine has said. Industrial production in April compared to March decreased by 1.8% without calendar adjustment, but saw a…

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Turkmenistan: cooperation with India to be intensified

President of Turkmenistan Gurbanguly Berdimuhamedov congratulated Indian Prime Minister Narendra Modi on the convincing victory of his Bharatiya Janata Party (BJP) in the general parliamentary elections. The Turkmen president expressed confidence that the high level of bilateral relations would continue to serve as a solid basis for enhancing Turkmen-Indian cooperation and interstate relations covering the…

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Georgia: lari devaluation shot-term

The Georgian national currency, the lari, has depreciated in value against the US dollar and the euro in recent days, with $1 costing 2.7799 GEL, while 1 EUR costs 3.0954 GEL. Georgian Prime Minister Mamuka Bakhtadze says that “it seems this is a short-term effect and this will be regulated in the nearest future”. Bakhtadze…

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Estonia: construction volumes up in Q1 2019

According to the information released by Statistics Estonia, in the first quarter of 2019, the total production of Estonian construction businesses in Estonia and foreign countries increased by 2% YoY. Overall construction volumes increased due to work done abroad, as construction volumes on the Estonian market decreased. In the first quarter of 2019, the production…

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Azerbaijan: rail transportation up in Q1 2019

In January-March, 3.54 million tons of cargo were transported by rail, up by 8.2% YoY, Azerbaijan Railways CJSC reported. International shipments amounted to 1.82 million tons of cargo, including both export and import. Among the total cargo transportation, transit transportation amounted to 939,100 tons. Domestic shipments amounted to 781,200 tons of cargo. The average daily…

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Azerbaijan: Pasha Bank’s subsidiaries improve financial performance

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…

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Estonia: Transferwise raises over EUR 260 million in secondary funding round

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…

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Armenia: Russia-based businessmen invest 100,000,000 drams in Kotayk road construction

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…

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Azerbaijan: AZAL President and Egyptian Ambassador discuss opening of new flights

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…

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