Tajikistan: Dushanbe-Qurghon Teppa road rehabilitation project waiting for endorsement by lawmakers

The direct work on implementation of the Dushanbe-Qurghon Teppa road rehabilitation project will start only after it is endorsed by Tajik parliament. Tajikistan’s lower house (Majlisi Namoyandagon) must ratify a finance agreement concluded between the government of Tajikistan and the Asian Development Bank (ADB). The ADB Board of Directors has approved $65.2 million in loan…

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Uzbekistan: Competition Committee and WB jointly boosting small business

The State Competition Committee received the World Bank mission in Uzbekistan to discuss small business support through the Small Business Development Guarantee Fund. Held under the World Bank’s Modern Economy-backed Job Expansion and Skill Development Project, the meeting reviewed small businesses’ efficiency and praised the setting up of the Guarantee Fund. Specialists said they were…

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Ukraine: government approves project to build unit 4 of Dnistrovska hydroelectric pumped storage power plant

Ukraine’s Cabinet of Ministers has approved a project on construction of the second stage of Dnistrovska hydroelectric pumped storage power plant, consisting of unit 4. As reported, the hydroelectric generation development program until 2026 approved by government resolution No. 552-r dated July 13, 2016 envisages the start of construction of unit 4 in 2017 and…

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Uzbekistan: Ministry of economy and EBRD to develop cooperation program

The Ministry of economy of the Republic of Uzbekistan held a meeting with the President of the European Bank for reconstruction and development Suma Chakrabarti. EBRD delegation was informed in detail about the achievements of the socio-economic development of the country in recent years, in particular about large-scale economic reforms aimed at further structural transformation…

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Tajikistan: residents of villages in upper Vanj valley start receiving electricity

Residents of villages in the upper Vanj valley of the Gorno Badakhshan Autonomous Region (GBAO) have begun receiving electricity. Abdullo Amonbekov, a spokesman for Pamir Energy Company, says the small hydroelectric power plant “Tekharv” with capacity of 400 kW, located in the Vanj district, has begun generating electricity after major repairs. “This has allowed us…

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Tajikistan: Tajprombank and Fononbank start paying out savings

Two troubled commercial banks – Tajprombank (Tajik Joint-Stock Commercial Industrial Bank for Reconstruction and Development) and Fononbank – have begun paying out savings to their customers. The banks began to pay out savings starting from March 16, according to the Deposit Insurance Fund, which insures savings deposits of physical entities. The Dushanbe Economic Court launched…

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Ukraine: NBU suggests NSDC to ban Russian state banks’ subsidiaries from executing transactions in favor of their parent banks

The National Bank of Ukraine (NBU) has suggested implementing the National Security and Defense Council (NSDC) decision by banning the Ukrainian subsidiaries of Russian state-owned banks from moving capital outside Ukraine. “The imposition of such sanctions means prohibiting the carrying out of any financial operations in favor of the parent bank, i.e. granting interbank loans,…

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