The National Bank of Ukraine (NBU) hopes to cut cash from 14.3% in 2015 to 9.5% of GDP in 2020, NBU Governor Valeriya Gontareva has said. “We set the introduction of cashless payments as a top priority task. We believe that this is one of the key strategic directions for developing the Ukrainian banking system.…
Belarusbank will have its $229,434 credit to OAO Kamvol fabric manufacturer secured by the government. The credit was issued in February 2014 to help the fabric manufacturer replenish circulating assets. The government’s security will cover the repayment of the principal debt and credit interest payments (except for interest payments refunded at the expense of the…
Belarus may take part in the projects to upgrade Cuban steel manufacturers. This issue was on the agenda of the meeting of Belarus’ Ambassador to Cuba Alexander Alexandrov with director of the Mexican company BH Equipos de Mexico Jose Gonzalez in Havana, the press service of the Belarusian Ministry of Foreign Affairs reported. “The sides…
Deposit auctions will be enough to absorb excessive liquidity of the banking sector in the foreseeable future, Central Bank First Deputy Chairwoman Ksenia Yudayeva reported. “It will be enough for us to hold deposit auctions in the foreseeable future (to absorb excessive liquidity)”, Yudayeva said. The authority organized the first deposit auction in 18 months…
Belarusian manufacturers must upgrade their quality management systems to comply with the new standard STB ISO 9001-2015 by September 15, 2018, Chairman of the State Committee for Standardization Viktor Nazarenko reported. Viktor Nazarenko recalled that a new version of the national standard for quality management system STB ISO 9001-2015, identical to the international standard, was…
The Belarusian industrial gas producer BMZ-GKS, which was founded by Belarusian Steel Works (BMZ trademark) among other parties, started selling argon to Bulgaria, Romania, and Moldova in 2016, Alexander Olesik, Press Secretary of the BMZ, reported. The first few batches of argon were delivered to Poland in late 2015. Argon has many applications in the…
The Azercosmos OJSC of the Azerbaijani Ministry of Communications and High Technologies has signed a contract to render telecommunication services to the leading international satellite operators, DCS Telecom and Don Telecom. According to the contract, the DCS Telecom and Don Telecom will use the resources of the Azerspace-1 satellite for voice services, data transmission, cellular…