Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Monday, March 27, 2017

Armenian officials discuss recycling, PIU corruption, aid for Syrians

Armenian Prime Minister Hovik Abrahamyan and his Cabinet met on Thursday to discuss issues relating to project implementation units (PIUs) and other matters. The Cabinet approved a bill that would lead to investment in the recycling of waste materials produced by several copper and molybdenum combines nationwide, with approximately 1,000 permanent and 500 temporary jobs created during the first stage of the program. Read More »

National Bank of Ukraine's international reserves rise to $9.6 billion

Preliminary data from the National Bank of Ukraine (NBU) indicates that its international reserves rose to approximately $9.6 billion as of May 1, the bank said on Thursday. Major factors that weighed on this total were principal debt and interest payments on external sovereign bonds and government securities, and to the International Monetary Fund. Total payments amounted to $737 million when interest is included. Read More »

PrivatBank service lets clients authorize online purchases

PrivatBank said on Friday that it has launched an online program in which clients can verify purchases to increase security against fraudulent payments. When clients of the bank make a purchase online, they will be required to use the bank's system to verify that a fraudulent transaction did not take place. Payments to online vendors will not be made until the client verifies the purchase. Read More »

World Bank responds to article on Armenian displacement

The World Bank issued a response on Monday to an article in Hetq taht said  approximately 440 Armenian citizens have been displaced as a result of projects financed by the World Bank.The article by the International Consortium of Investigative Journalists (ICIJ) was published in Hetq on April 17. The article said the Electricity Supply Reliability Project has negatively impacted residents and that approximately 440 individuals in Armenia were physically or economically displaced. Read More »