Azerbaijani banking sector stabilized after creditors restructured $3.3 billion in foreign obligations of the state-owned International Bank of Azerbaijan (IBA) in return for government bonds, said Nariman Mannapbekov, head of ADB Azerbaijan office. “Some capitalized banks are making initial efforts to gradually build-up their loan portfolios,” Mannapbekov said. On July 15, 2015, President of Azerbaijan…Details
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Six banks violate the requirements for capitalization to UAH 200 million, Deputy Chairman of the National Bank of Ukraine (NBU) Yekateryna Rozhkova has said. “We diagnosed 37 small banks. After diagnostics, two banks were declared insolvent, two ceased operations and the remaining 33 did not require capitalization based on the quality of assets. But if…Details
Ukraine’s thermal power plants (TPP) and combined heat and power plants (CHPP) in January-August received 2.187 million tons of imported coal. The Ministry of Energy and Coal Industry reported that in the eight months through August power plants received 1.774 million tons of coal from the Russian Federation (81.11% of total imported coal shipped), 294,100…Details
The opening ceremony of the Tbilisi Sea Plaza shopping mall was held in Tbilisi, Georgia, the Turkmen Foreign Ministry said in a message. According to the message, “Turkmenistan” store with a wide range of textile products, carpets and rugs, souvenirs, was opened in the shopping mall. Georgian Prime Minister Giorgi Kvirikashvili attended the opening ceremony.…Details
The railway companies of Belarus and Estonia are set to increase bilateral cargo transportation operations, the press service of the Belarusian Railways reported. The heads of the Belarusian Railways and the Estonian Railways met in Minsk to discuss cargo transportation on the Belarus-Estonia route and their prospects. In January-August the volume of transported cargo exceeded…Details
Turkey is willing to import Kazakhstani meat products, the press service of the Foreign Affairs Ministry of Kazakhstan reported. “Turkey values quality of Kazakhstani meat products and knows how they taste. I am confident that the meat products imported from Kazakhstan will be very popular with our people,” Nihat Zeybekci, Turkish Minister of Economy, said…Details
Azerbaijan Railways CJSC will buy 900 new freight cars in the near future, says a report on implementation of measures reflected in the Strategic Roadmap for the Development of Logistics and Trade in Azerbaijan. According to the report, the purchase of additional cars is related to an increase in freight traffic volume. Azerbaijan Railways will…Details