ABLV Bank will be liquidated in accordance with Latvia’s laws, because preservation of this credit institution is not in the interest of the country’s society, announced the European Central Bank. In the report, ECB concluded that ABLV Bank and its subsidiary ABLV Bank Luxembourg were expected to collapse in the near future. ECB has informed…Details
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Air Astana will offer daily, non-stop flights from Nazarbayev International airport in Astana to London Heathrow, effective as of June 1. The additional frequencies, on Wednesdays and Fridays, are already available for sale. “We are delighted to have finally secured daily flight status on what is such a prestigious and popular route – the only…Details
Ukrainian energy and coal industry minister’s advisor Maksym Beliavsky says because of the cold snap on February 24-25, Ukraine has increased gas withdrawal from its underground storage facilities (USFs) to 101 million cubic meters per day, the maximum level for the entire 2017-2018 heating season. “Ukraine, because of the temperature drop, has increased the pumping…Details
PJSC Ukrzaliznytsia and U.S. company General Electric Transportation signed a framework agreement on modernization and production of locomotives. The signing ceremony took place in the presence of Ukrainian President Petro Poroshenko and U.S. Ambassador to Ukraine Marie Yovanovitch. The agreement, in particular, provides for the modernization of a locomotive fleet and the construction of new…Details
The Belarusian-Chinese car factory BelGee is expected to increase quarterly sales up to 8,000 cars by the end of the year, Belarus’ Deputy Prime Minister Vladimir Semashko declared. “The plant is fully operational. We need to focus on sales and maintenance services. On March 28 I am to meet with the Geely president, dealers and…Details
Azerbaijan’s Rabitabank has increased authorized capital by 12.8 million mantas, to 101.3 million manats, the bank said in a message. The bank’s authorized capital was increased at the expense of existing shareholders. The aggregate capital of the bank reached 104.6 million manats. The main goal of increasing the bank’s capital is to strengthen stability of…Details
Coca-Cola company in Uzbekistan decided to restore production of “FuseTea”, thus increasing production in the country. General director of Coca-Cola Bottlers Uzbekistan Ltd. (known as Coca-Cola Ichimligi Uzbekiston) Fahriddin Normatov said that the company planned to launch production of new types of products, including the FuseTea brand, this year. FruitTea has disappeared from the shelves…Details