Russia's Lukoil says it plans to sell international assets due to Western sanctions
Russia’s second-largest oil company, Lukoil LKOH.MM, announced on Monday that it plans to sell its international assets following U.S. sanctions imp...
A delegation from the EBRD’s Board of Directors will visit Kazakhstan from 16 to 20 June 2025
During their five-day stay, the Directors will meet senior officials to discuss reforms and priorities for the national economy.
They will also have a chance to see selected projects supported by the Bank and hold meetings with representatives of international financial institutions, the diplomatic community and civil society.
Representatives from the EBRD Board of Directors visiting Kazakhstan will include:
Elisabeth Vitzthum, Director for Austria, Israel, Cyprus, Malta, Kazakhstan, Bosnia and Herzegovina
René van Hell, Director for Netherlands, China, Mongolia, North Macedonia, Armenia
Michael Offer, Director for Germany
Dimitris Metaxas-Trikardos, Director for Portugal, Greece, San Marino, India
Liliana de Sá Kirchknopf, Director for Switzerland, Ukraine, Liechtenstein, Turkmenistan, Serbia, Montenegro, Uzbekistan
Piotr Szpunar, Director for Poland, Bulgaria, Albania
Mikko Autti, Alternate Director for Norway, Finland, Latvia, Lebanon
Anders Garly Andersen, Alternate Director for Ireland, Denmark, Lithuania, Kosovo
Rok Ponikvar, Alternate Director for Belgium, Slovenia, Luxembourg
Clement Seitz, Alternate Director for France
In 2025 the EBRD marks 33 years since Kazakhstan joined the Bank. The EBRD has invested more than €11 billion across 339 projects in Kazakhstan, with most of the funds supporting private entrepreneurship. This is the Bank’s largest continuous banking operation of the EBRD in Central Asia.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Snapchat will start charging users who store more than 5GB of photos and videos in its Memories feature, prompting backlash from long-time users.
Türkiye’s main stock index, BIST 100, closed on Friday at 10,941.79 points, recording a 3.14% increase.
Türkiye has emerged as Europe’s largest steel producer and the world’s seventh largest in the first eight months of 2025, producing 36.9 million tonnes last year, according to sector officials.
Germany’s Adidas increased its full-year profit guidance, saying it managed to cushion some of the extra expenses resulting from higher U.S. tariffs.
Germany’s Adidas on Tuesday raised its full-year operating profit forecast, saying it had successfully offset part of the additional costs caused by higher U.S. tariffs.
New Zealand's annual inflation accelerated in the third quarter, reaching 3.0%, which aligns with analysts' expectations and is at the upper end of the central bank's target range, according to official data released on Monday.
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