Cistran Finance Exploring the Spirit of Capitalism's New Frontier

VTB Group has joined the ranks of Otkritie Holding, now claiming 9.99 percent of the bank's stake, Otkritie announced on Friday. Read More »

The Bank of Saint Petersburg announced the results of a recent downgrade from Moody's Investors Service on Friday. Read More »

Belarusbank announced on Friday that it would be investing in development projects in the NAroch region of Belarus. The aim for much of the development in the region is to enhance its tourism industry and branding the region as a resort area. Read More »

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 »

UkrSibbank announced on Friday that it has been named one of the top performing banks in Ukraine after tallying the results of three rating systems. Read More »

Officials from the National Bank of the Republic of Kyrgyzstan (NBKy) spoke on Friday concerning the monetary policy, as well as the performance, of the banking sector over the course of 2014. Read More »

Armenian Prime Minister Hovik Abrahamyan hosted a delegation from Iraq to discuss cooperative efforts. Read More »

During a meeting between officials from the Grodno Oblast in Belarus and the Komi Republic of Russia an agreement was made to increase cooperative measures between the two regions on Feb. 25. According to the Belarus press service both regions will set up joint processing facilities for woodworking. Read More »

The World Bank announced on Monday that its Board of Executive Directors approved a $40 million loan to facilitate competitiveness for small and medium-sized enterprises (SME) in Kazakhstan. According to the bank lacking skills in management and market linking are major obstacles that the country's private sector faces. Read More »

The National Bank of the Republic of Kyrgyzstan (NBKy) announced on Monday that bank officials met with Asian Development Bank (ADB) representatives. Read More »

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 »

The International Bank of Azerbaijan (IBA) announced on Monday that it will finance 80 projects deemed important in developing the non-oil sector in the country. One of these projects is the enhancement of Inter Glass, a company that specializes in manufacturing glassware. Read More »

Delegates from Azerbaijan entered discussions with the international community on Monday on their country's accession into the World Trade Organization (WTO.) WTO consultation with Azerbaijan began in 2004, and currently Azerbaijan has been invited to observe WTO meetings. Read More »

The Committee for Legislative Drafting Activities approved a draft law for a gas supply agreement with China Read More »

The Belarus ambassador to the Czech Republic, Vasily Markovich announced that 2014 was a record high year in terms of exports. According to his announcement exports from Belarus grew 34.2 percent over the course of 2014 from the previous year. Read More »

The Bank of Moscow announced on Tuesday that loans to small businesses that are covered by the Loan Guarantee Agency of the Non-Bank Deposit-Credit Organization (LGA) would have their interest rates lowered.  Read More »

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 »

In an interview with 168 Hours on Tuesday, Chairman of the Board of Armenian UniBank, Vartan Atayan, discussed the banking system and other system-related topics. Read More »

VTB Group announced on Tuesday that it has gained tenders for 21 companies that service regional residential repairs and development in the Russian Federation. Read More »

The World Bank announced on Wednesday that it would be supporting the Serving People, Improving Health Project to help implement health infrastructure improvements and reforms. The bank's Board of Executive Directors approved a loan of $214.73 million. Read More »