Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Wednesday, August 23, 2017

Samsung opens R&D center in Turkey

In partnership with a local technology company Semper-Tech, Samsung Electronics opened a research and development center in Turkey, the Turkish American Chamber of Commerce and Industry reported on Friday. “As we consider Turkey a key country among our global markets, Samsung’s commitment here involves learning from this dynamic nation with a young, skilled, and well-educated population," Samsung Electronics Turkey President, Yoonie Joung said. Read More »

NBU provides emergency loan to PrivatBank

The National Bank of Ukraine announced on Friday that it has disbursed an emergency loan of approximately $28 million to PrivatBank in order for it to be able to meet its obligations to depositors. According to the regulator, the bank houses 26 percent of household deposits in the country and is unique in that it is a specialized savings bank with over 50 percent of its liabilities consisting of private deposits. Read More »

NBU implements measures to stabilize monetary market

The National Bank of Ukraine (NBU) has approved multiple decisions that intend to stabilize the monetary market after recommendations from their Monetary Policy Committee (MPC,) they announced on Tuesday. The MPC proposed that in addition administrative restrictions currently in place that beginning on March 4, policy rate would rise to 30 percent per year in order to better regulate the national banking system's liquidity. Read More »