PrivatBank (Kyiv) saw net loss of UAH 1.604 billion in January-September compared with net profit of UAH 592 million a year ago, according to a financial report of the bank posted on its website. The bank said that its net interest income grew by 43.8%, to UAH 4.959 billion. Not taking into account expenses on…Details
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The Estonian state-subsidized Elron, which operates passenger rail service across Estonia, is increasing ticket prices for its electric and diesel trains by 3% to 5% on average. The new prices will take effect on December 10. “Beginning on December 10, the procedure for calculating infrastructure fees will change,” explained Elron sales and development manager Ronnie…Details
The government of Kyrgyzstan amended the republican budget for 2017. The real growth of the gross domestic product (GDP) in 2017 is expected at 3.5% compared to the approved 2.9%. The volume of state budget revenues, including public investment grants, is projected at 156,056.5 billion soms, or 31.6% of GDP. The total amount of state…Details
Ziraat Bank will contribute to the development of relations between two brotherly countries – Turkey and Azerbaijan, Ziraat Bank CEO Huseyin Aydin has said at the opening of the bank’s new head office in Baku. He noted that Ziraat Bank came to Azerbaijan to help the development of the country’s financial sector. “With the growing…Details
PJSC Frunze Plant (Kharkiv) has shipped the first batch of products to a British woodworking company. “A company from Wales, engaged in woodworking and promotion of environmental boilers, has been shipped 175 sieves,” the press service said. According to the report, the products of the Ukrainian enterprise will be used by the British firm to…Details
The loss of the public joint-stock company Kyivenergo from supply of heat and hot water to budget-sustained institutions is around UAH 1.2 million a day, the company’s press service has reported. “Due to a lack of conformance in the prices (the price of gas sold by Naftogaz Ukrainy for these purposes (UAH 7,907) and the…Details
The city of Tartu, Estonia’s second largest, is set to place bonds worth EUR 13.5 million with LHV and Nordic Investment Bank (NIB) to raise money for its 2017 financing needs. LHV pension funds are buying bonds for EUR 5.5 million and NIB for EUR 8 million, Tartu city government announced. The funds raised will…Details