The World Bank on May 3 approved of $225.7 million in financing from the International Development Association (IDA) for the Nurek Rehabilitation Project. According to the World Bank Dushanbe Office, the World Bank financing, one-quarter in grants and three-quarters in credits, will refurbish the Nurek Hydropower Plant (HPP) that will help secure electricity supply in…Details
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The National Bank of Tajikistan (NBT) has stopped operations of six more lending agencies. On May 1, Tajik central bank issued resolution on withdrawing licenses of the microlending agencies Asrina (Khujand) and Armon (Dushanbe). Asrina and Armon reportedly failed to comply with the NBT’s minimum capital requirements for the microlending organizations and the NBT withdrew…Details
State-controlled Oschadbank (Kyiv) in 2016 received UAH 464.085 million of net profit against UAH 12.273 billion of net loss for 2015. According to the financial report of the bank, its net interest income in 2016 was UAH 2.677 billion, while in 2015 this figure was “minus” UAH 9.844 billion. In addition, the bank received UAH…Details
Latvian government approved the new state budget priorities funding process, the Finance Ministry reported. During the meeting of the Cabinet of Ministers on May 3, members of the government reviewed a draft that provided for a new order for financing processes of budget priorities of different ministries starting with the preparation process of the 2018…Details
Latvian State Revenue Service has registered in its unified database multiple new cash register models, opening the way for users to replace their existing cash registers with new models that comply with updated requirements. Compliance certificate has been issued to CHD 3050, CHD 3050 U, CHD 2050 and CHD 7 cash register models. These models…Details
Bolat Zhamishev, Chairman of the Board of the Development Bank of Kazakhstan (DBK), has given his outlook on possible devaluation of the Kazakh national currency. “Generally speaking, we do not see any expectations or drastic changes of exchange rate dynamics. The national currency is now strengthening. It is not improbable it will stream back and…Details
Tajikistan’s investment portfolio now includes 68 projects totaling 2.85 billion according to the State Committee on Investments and State-owned Property Management (GosKomInvest). Tajikistan’s investment portfolio, in particular, includes 25 grant based projects, 16 loan based projects and 27 mixed-finance projects. “More than $1.2 billion have been drawn in the framework of these projects since the…Details