NBU to hold capital expenditures in favor of non-core asset sale
The National Bank of Ukraine (NBU) recently announced a decision to place capital expenditures on hold and sell its non-core assets, which are worth more than $76.2 million.
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Belarus encourages Lithuanian investment in processing companies
Following a meeting between Lithuanian Minister of Agriculture Virginija Baltraitiene and Alexei Bogdanov, the head of the main department for foreign economic activity of Belarus’ Agriculture and Food Ministry, Lithuanian…
Fitch upgrades BTA Bank’s issuer default ratings in national, foreign currency
BTA Bank’s long-term and short-term issuer default ratings (IDR) in national and foreign currency were recently upgraded by international rating agency Fitch Ratings.
Dozens of representatives slated to participate in first U.S.-Belarus investment forum
The first Belarus-U.S. investment forum, to be held in New York on Sept. 22, will include more than 50 representatives from transnational companies, international financial institutions and non-governmental organizations.
Turkish government aims to boost female employment to 35 percent by 2023
The Turkish government, as part of a plan to boost the nation’s economy, recently set a goal of a 35 percent employment rate for women by 2023.
Indian firms poised to join solar energy ventures in Belarus
Indian Ambassador to Belarus Manoj Kumar Bharti said on Wednesday that Indian companies are prepared to join solar energy projects in Belarus.
Kyrgyzstan to join Customs Union before year’s end
Kyrgyzstan’s intention to join the Customs Union before the end of the year was affirmed by President Almazbek Atambayev on Monday during a meeting with Russian President Vladimir Putin.
IBA’s Shari’ah Review Bureau to supervise future projects to comply with law
Citing a history of successful Shari’ah-compliant investments in a variety of sectors–including consumer and retail finance, Wakala funding and leasing schemes in Azerbaijan–the International Bank of Azerbaijan (IBA) announced on…
Unibank expands clientele with new client interaction system, enhanced service
Azerbaijan’s Unibank reported more than 250,000 clients as of Aug. 1, increasing its total by 45 percent compared to 2013.
Bank of Moscow issues over 500,000 Visa, MasterCard, PRO100 cards in Q3
More than one million active Visa, MasterCard and PRO100 cards were issued by the Bank of Moscow for partner banks through the beginning of the third quarter of 2014.
Belarusian-Turkish business forum to be held in Istanbul
The “Commercial Bridge: Belarus-Turkey” international business forum will be held in Istanbul following a discussion of preparations for the event between Belarusian Consul General Igor Belyi in Istanbul and Istanbul…
EDB publishes financials for first six months of 2014
The Eurasian Development Bank (EDB) recently published its interim financial statements according to IFRS for the first six months of 2014.
World Bank Group’s IFC doubles investments in Belarusian trade, finance
The International Finance Corporation (IFC), a member of the World Bank Group, doubled its Belarusian investments during the past fiscal year, boosting foreign trade and improving accost to finance for…
Dalgidj to receive $10 million loan from Unibank, EBRD
The European Bank for Reconstruction and Development (EBRD) and Unibank will provide Azerbaijani oil-service, diving and ship-repair company Dalgidj with a $10 million loan to expand its activities.
ArmBusinessBank opens new branch in Armenia’s Gegharkunik region
ArmBusinessBank held an opening ceremony for a new bank branch in Gavar in Armenia’s Gegharkunik region over the weekend.
IBA’s information center receives 56,000 requests
The International Bank of Azerbaijan’s (IBA) information center has received more than 56,000 requests through its information center so far in 2014.
IBA official says bank to expand investments amid increased demand
Behnam Gurbanzade, the trend director of the Department of Islamic Banking at the International Bank of Azerbaijan (IBA), recently announced that the bank plans to increase its total investments over…
German investors satisfied with returns on investments in Belarus
Vladimir Avgustinsky, the head of the German Economic Office in Belarus, said recently that approximately 70 percent of German companies operating in Belarus would invest in the country again.
World Bank approves first of two development loans for Turkey
A $500 million sustaining shared growth development policy loan was approved for Turkey by the World Bank’s board of executive directors last week.
Uzbekistan sets goal of $1 billion in investments over two years
Uzbekistan plans to attract grants worth approximately $1 billion over the next two years following the adoption of a resolution adopted by the country’s ministers earlier this month.
BSTDB loan of $15 million to go to AccessBank business clients in Azerbaijan
The Black Sea Trade and Development Bank (BSTDB) signed a $15 million loan with AccessBank on Thursday towards the development of small and medium-sized enterprises (SME) in Azerbaijan.
EU Association Agreement with Moldova to be accelerated
Provisory implementation of the provision of the European Union’s Association Agreement with Moldova will be accelerated to allow Moldova to obtain early benefits, according to European Commissioner for Enlargement and…
CIS GDP growth slows to 1.2 percent in first quarter
GDP growth in the CIS countries slowed to 1.2 percent in the first quarter compared to the same period in 2013, according to a recently released report from the Eurasian…
Belarusian President Lukashenko endorses proposals for retail chain
Proposals for the development of a retail chain in Belarus set forth by the chairman of the board of Tabak Invest–Pavel Topuzidis–were backed by Belarusian President Alexander Lukashenko on Tuesday.
NBU resolution amends bank rules for deposits by foreign citizens
The board of the National Bank of Ukraine passed Resolution No. 419 earlier this month, which amends rules for deposits by foreign citizens.