S&P Global Ratings affirmed its “B+/B” long- and short-term counterparty credit ratings on Ipoteka Bank JSCM. The outlook is stable. The affirmation reflects S&P’s view that over the past two months Ipoteka Bank’s capitalization has significantly improved on the back of support received from the government of about Uzbekistani sum (UZS) 380.8 billion (about $95…Details
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Nationalized PrivatBank has been determined an authorized bank that can be attracted to the storage of cash reserves of the National Bank of Ukraine (NBU), the NBU reported on its website, with reference to NBU Board resolution No. 460-RSh dated July 19. “Thus, the National Bank continues to delegate some of the functions that it…Details
The Finance Ministry of Ukraine and PrivatBank signed a memorandum of cooperation, which would allow using unique achievements and technologies of the bank in the IT industry to create a unified system for verifying budgetary payments in Ukraine, the PrivatBank press service reports. According to Finance Minister Oleksandr Danyliuk, the national budget annually loses billions…Details
In Latvia, construction production volume in Q1 2017, when compared with the same period of last year, grew by 8.4%. This puts Latvia on the tenth place among EU member states, according to the latest data from Eurostat. Increase in construction output larger than Latvia’s was noted in Cyprus (+36.7%), Hungary (+24.6%), Ireland (+21.2%), Estonia…Details
Potato harvest in Latvia may come one week later than usual. Still, the harvest is expected to be on the level of last year, Potato Growers and Processors Union declared. Aiga Kraukle, chairman of the union, says it is too soon to predict the exact potato yield. But since there are plenty of potato tubers…Details
Three enterprises from the Association of Ukrainian Producers “Ice Cream and Frozen Foods” will soon start to export their products to the countries of the European Union, President of the Association, Ihor Bartkovsky said. “Currently, three companies of the Association are undergoing the last stage of inspections to obtain the right to export their products…Details
The new berry harvester designed by the National Academy of Sciences of Belarus is intended for harvesting currant, raspberry, black chokeberry, and other varieties, Sergei Yakovchik, the director general of the research and practical center for agriculture mechanization at the National Academy of Sciences of Belarus, reported. Currently, the berries are harvested in Belarus with…Details