Central bank is likely to leave its main interest rate unchanged on June 6, following a delay to the disbursement of International Monetary Fund aid worth $1.3 billion, a monthly analyst poll showed. Most of the analysts – 11 out of 17 polled by Reuters – expect the rate to remain at its current 17.5%.…Details
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The Asian Development Bank (ADB) is financing repair work on the Tbilisi Metro system with $15 million, announces Tbilisi Mayor Kakha Kaladze. The repair work includes the installation of new cables, 32 European standard ventilation systems and 28 airing tunnels. “We have a very difficult situation in Tbilisi Metro in terms of electric wiring. Since…Details
Until all problems with Rigvir medication have been resolved, State Agency for Medicines (SAM) has decided to put its registration on hold. SAM explains that several quality defects have been found for several Rigvir medication series this year. This is why the decision was made to halt its distribution. The company that has registered Rigvir…Details
Azerbaijan’s biggest electrical power producer Azerenerji OJSC carries out reconstruction, complex repair and rehabilitation work at electric power plants and systemically significant 220 and 110-kilovolt substations in order to improve the supply of electricity to Baku, the surrounding settlements and the country’s regions. A 220-kilovolt substation “Khirdalan”, the substation “Mushfig” in the Badamdar settlement, the…Details
The Norwegian company Scatec Solar has started construction of a 148 MW solar power plant in Ukraine. The 148 MW Prohresivka solar station will be located in Mykolaiv region, according to the company’s press release. The project will be implemented in collaboration with PowerChina Guizhou Engineering Co. Ltd. that will provide construction financing and engineering…Details
In May Ukraine increased gas reserves in underground gas storage facilities by almost 2 billion cubic meters. As of June 1, they reached 11.46 billion cubic meters, the press service of the NJSC Naftogaz Ukrainy reported. “Ukraine continues to accumulate gas in underground gas storage facilities to go through the next heating season. The gas…Details
Inflation in Armenia comprised 1.9% as of March: in general, low inflationary environment was maintained in the country in the first quarter of 2019, President of the Central Bank of Armenia Artur Javadyan said, while introducing the annual report of the Bank’s activity in the Parliament. “In the first quarter of 2019 inflation was at…Details