Swedbank Estonia reported first half of 2021 profits of EUR 89.2 million, a rise of a little under 2% YoY. The increase in profit, of EUR 1.6 million, was mainly the result of increased income for the bank. Olavi Lepp, Swedbank AS CEO, said: “Restrictions related to the COVID-19 pandemic were eased in the second…Details
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JSC Ukrzaliznytsia has already received funds from the July placement of Eurobonds, the press service of the Ministry of Infrastructure reports. “Following meetings with investors and pricing, JSC Ukrzaliznytsia attracted financing in the amount of $300 million by issuing 5-year bonds. The funds are already on the company’s accounts,” reads the report. The ministry reminded…Details
The Verkhovna Rada of Ukraine has adopted as a basis and in its entirety a bill ratifying the financial agreement “Ukraine Recovery Programme” between Ukraine and the European Investment Bank (EIB) on a EUR 340-million loan, Minister of Communities and Territories Development of Ukraine Oleksiy Chernyshov has said. “Ukraine Recovery Programme is a continuation of…Details
Georgia received $201.9 million from abroad in June, up by 19.3% YoY, the National Bank of Georgia reported. Russia ($39.08 million), Italy ($31.70 million) and the United States ($24.98 million) were the largest remittance senders in June. Overall, the vast majority (94.3%) of all money transfers from abroad came from 19 countries. Last month, remittances…Details
Lithuanian banks will be making more thorough checks of international payments to Belarusian companies that might fall under the EU sectoral sanctions. The checks are needed to enforce the European Union’s targeted economic sanctions on Belarus, the Association of Lithuanian Banks (LBA) says. Bank clients are warned that financial institutions might ask to provide additional…Details
Estonia’s state spending in the first five months of 2021 was not as excessive over revenue as planned in the state budget. On July 14, the Estonian public broadcaster reported that from January to May general government budget deficit reached 1.6% of the gross domestic product and was EUR 467 million. Set against the end…Details
During the summer tourist season, the Issyk-Kul International Airport accommodated its first flight from Moscow on July 15, press service of Manas International Airport reported. Aeroflot airline plans to operate Moscow – Tamchy – Moscow flight three times a week – on Mondays, Thursdays and Saturdays. The pricing policy is determined by airlines that sell…Details