Daily Times
June 25, 2021
The Asian Development Bank (ADB) is supporting the development of the Pakistan Single Window (PSW), which automates and integrates government processes under a single digital platform to ease international trade. According to a statement issued on Thursday, international trade will be faster, easier, and cheaper with the development of the Pakistan Single Window. The Pakistan Single Window will strengthen Pakistan’s integration and cooperation with its neighbours and allow the country to fulfil its commitment under the World Trade Organization’s Trade Facilitation Agreement, said the statement. The Pakistan Single Window System (PSW) is a transformational trade facilitation initiative that will help reduce time, cost, and complications of moving goods across Pakistan’s borders while ensuring better compliance with cross-border trade regulations. Set under the World Trade Organization’s Trade Facilitation Agreement, PSW will significantly enhance Pa
EBRD and EU to boost competitiveness of small and medium-sized enterprises in North Macedonia
EBRD and EU to boost competitiveness of small and medium-sized enterprises in North Macedonia
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€4 million EBRD loan to Ohridska Banka for on-lending to local businesses to help them reach EU standards
Cashback incentives of up to 15 per cent of the loan amount, funded by the EU
Collaboration to build a more competitive SME sector in North Macedonia Small and medium-sized enterprises (SMEs) in North Macedonia will be able to access €4 million to help them become more competitive, thanks to a new EBRD loan extended to Ohridska Banka.
EBRD newsletter - Friday 14 May EBRD President on virtual visit to Romania EBRD President Odile Renaud-Basso paid her first official visit to Romania this week in virtual format. Her meetings with the government, private sector, international financial institutions and civil society focused on the post-Covid-19 recovery and the ways EBRD investments can support the country’s rebound and complement European Union funds. “Romania is one of the fastest-growing economies in the EU and has huge potential to unleash”, the President said. Learn more here. First green bond issued by bank in Romania The EBRD President’s visit was accompanied by the first green bond issue in the country to date issued by Raiffeisen Bank Romania. The EBRD invested RON 53 million (€11 million equivalent) in the senior preferred green bond, reinforcing the Bank’s position as a leader in green finance and a strong supporter of capital markets. EBRD Regional Director Mark Davies hailed th
TOP NEWS: Antofagasta ups dividend after 2020 revenue and profit rise
Tue, 16th Mar 2021 08:45
(Alliance News) - Antofagasta PLC on Tuesday hiked its dividend by more than expected, as it reported positive annual results and a strengthened balance sheet.
The Chilean copper miner said revenue increased by 3.3% to USD5.13 billion in 2020 from USD4.94 billion in 2019, while pretax profit was USD1.41 billion, up 4.4% from USD1.35 billion. This reflects increases in copper and gold realised prices that were partially offset by the decrease in sales volumes, Antofagasta said.
Earnings before interest, tax, depreciation and amortisation rose 12% to USD2.74 billion in 2020 from USD2.44 billion the year prior, just above analysts expectations of USD2.6 billion. This is a result of higher revenue and lower costs due to the weaker Chilean peso, lower input costs, and tight cost control, Antofagasta said.
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COVID-19 has triggered an economic and public health crisis that has had a particularly severe effect on informal businesses and workers in a region where they have historically represented a large share of the economy (up to half of GDP in several countries).
The informal sector has previously acted as a social buffer in times of crisis, and has been a source of resilience for many precarious workers in transition economies. For many in the region, informal economic activity has provided subsistence revenues, flexible arrangements and opportunities for vulnerable workers and businesses alike.
COVID-19 is different. Many of the key arenas for informal work were among the first to be hit by the crisis: governments had to close market places and implement strict containment and social distancing measures. Many informal workers were left with nothing to fall back on. Migrants had to return home or remain without work in their countries of destination, of