Romanian GLUE eyes strategic investor
News from Emerging Markets
Russia's banking system may see its bad loans rise to 17-23 percent of its loan portfolio in 2015 from around 8 percent last year, Standard & Poor's said on Thursday, underlining the impact of an economic crisis on the sector.
The Turkish government unveiled on Friday a $3.5-billion “mega project" to build a three-layer tube crossing under the Bosporus, promising that it will ease İstanbul's chronic traffic problem. İstanbul's subway and road networks will be connected to the planned tube, which will have separate layers for subway trains and vehicles.
The Louis Berger Egis Rail joint venture has been hired by Qatar Railways Company to provide project management consultancy services for all elevated and at-grade sections of the Doha Metro project. The contract is valued at $79 million, Louis Berger said in a statement.
Enrique Ochoa Reza, director of the Mexican state-owned electricity firm Comision Federal de Electricidad CFE, laid out the company's plans for 2015. The cut of MXN 10bn (EUR 589.12mn USD 669.47mn) in CFE's annual budget meant adjustments to large and medium investment projects.
The Ministry of Energy and Coal Industry is in talks with the Ministry of Commerce of the People's Republic of China on drawing a USD 3.6 billion loan for Naftogaz of Ukraine national joint-stock company, Deputy Minister of Energy and Coal Industry Ihor Didenko has announced.
In January 2015 SOCAR had a slight decline of oil production. According to SOCAR's statistics, in January 2015 it extracted 712,300 tons of oil, down 0.5% against January 2014. In January 2015 oil production in Azerbaijan totaled 3,667,600 tons, up 0.7% against January 2014.