The digitalization of the banking sector in Azerbaijan is inevitable, Ibrahim Alyshov, Chief Executive Officer of the Financial Markets Supervision Chamber, said on May 17. He noted that this goal was one of the priorities in the Strategic Roadmap for the Development of the Financial Market. “The digitalization of the country’s banking market is one…Details
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Rail service to and through Tartu remained heavily affected on May 17 following a signal box fire in Tartu that brought all rail service to a halt on May 16 afternoon. Many connections are being partially served by shuttle buses, and one morning train has already experienced a half-hour delay. Shuttle buses serving the Tabivere-Tartu…Details
Belarusian milk and juices sell well in the Chinese city of Wuhan, Hubei Province, Yilin Zhang, head of the international economic ties department at Wuhan-Hankou Logistics Company, declared. The executive said that the company started buying milk and juices from Belarus in 2016 and increased import in 2017. The Belarusian dairy company Savushkin Product is…Details
Atlantic Council analyst Anders Aslund has welcomed data on economic growth in Ukraine published by the State Statistics Service of Ukraine on May 15, according to the Ukrainian service of the Voice of America. “Ukraine: finally some good economic news. Gross domestic product rose a preliminary 3.1% YoY in Q1 after growing only 2.2% in…Details
The Verkhovna Rada, Ukraine’s parliament, has adopted at the first reading a bill introducing amendments to some laws of Ukraine regarding the ban on the use of palm oil in food production. A total of 233 MPs voted for the approval of the respective draft law, No. 3871, at the first reading. “The purpose of…Details
Compared to the same period of last year, rail freight volume in Latvia dropped by 10.9% in the first four months of 2018 and was 15.673 million tons, according to data compiled by Transport Ministry. International freight volume was 15.26 million tons, down by 11.1%. The volume of domestic freight declined by 0.3% and was…Details
Aktas ski resort project, initiated by Alina Group of Companies, was presented in Almaty. “The project foresees construction of 12 cable railroads, 31 km of ski trails, hotels to accommodate more than 700 guests at once, restaurants, cafes, etc. It is expected to welcome 724,000 people a year, or up to 12,000 guests a day.…Details