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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 the previous year as a result of the increasing demand for investments in accordance with Sharia law.
The National Bank of the Kyrgyz Republic issued a warning recently about the spread and use of virtual currencies such as bitcoin. 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.
Armenia's Unibank recently launched a new promotion that offers customers making new deposits in bank accounts with a gift card to the VEGA store chain. Russian Minister of Economic Development Aleksey Ulyukaev blasted the European Bank for Reconstruction and Development's EBRD freeze on financing of new projects in Russia, saying the move contradicts the goals of international development institutions.
Russian regions with borders adjacent to Belarus recently to help in the construction of Belarusian neighborhoods, according to the chief architect of the Belgosproyekt Institute. Igor Lyashenko, the chairman of the Belarusian state petrochemical enterprise Belneftekhim, said recently that the Belarusian petroleum industry benefits from its economic ties with Russia.
Belarusbank is for the first time one of the top banks in the world, according to The Banker's annual ranking of the 1, largest financial institutions. Monday, May 7, Indian representative to Uzbekistan praises national foreign policy Friday, Aug 1, 7: World Bank to finance agricultural project to strengthen economic activities in Tajikistan Friday, Aug 1, 7: IBA official says bank to expand investments amid increased demand Friday, Aug 1, 6: