{{dayPoint.date | date : 'd MMMM yyyy'}}

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

EDB expects financial results for 2024 not to be worse than last year

Chairman of the EDB Management Board Nikolay Podguzov stressed that the volume of investments, the quality of the portfolio, the level of provisions and the share of overdue loans are important for the development bank

ALMATY, June 27. /TASS/. The Eurasian Development Bank (EDB) expects its financial results for 2024 to be no worse than the previous year's ($125 mln - TASS), Chairman of the EDB Management Board Nikolay Podguzov told TASS on the sidelines of the annual meeting and business forum of the development bank.

"In 2023, EDB's net profit reached $125 mln and the volume of investments reached $1.7 bln. This is a good figure, we exceed the two-year strategy. This year we need to invest around $1.8 - 2 bln, we are still going over - less than the plan, in the first half of the year we already have about $1 bln in investments. This is a good financial result, but we still have six months to go. I am sure that in 2024 we will not be worse off than in 2023," he noted.

At the same time, Podguzov stressed that the volume of investments, the quality of the portfolio, the level of provisions and the share of overdue loans are important for the development bank. "We are doing well. In addition, our interest rates are high throughout the region, which affects the fact that revenues from interest activities is now somewhat higher," he said.

The EDB is an international financial organization that carries out investment activities in the Eurasian space with the aim of expanding economic ties and comprehensive development of the participating countries: Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. The main share of EDB's portfolio is integration projects in the areas of transport infrastructure, digital systems, green energy, agriculture, industry, and engineering.

Thirty companies ready to be residents of free economic zone in Belgorod region — governor

Vyacheslav Gladkov added that next his administration expects to receive clarifying criteria for the selection of residents of the free economic zone

Missiles, drones launched from Lebanon into Israel, IDF hits Hezbollah military targets

"No injuries were reported and damage was caused to a building in the western Galilee area," the IDF said

Heightened security measures in place at Russian consulate general in Jeddah

The attack on the US consulate in Jeddah occurred on the last day of the hajj, or pilgrimage to Islam’s holy sites in Mecca

Russian top brass report their fighter jet, US drone making hazardous proximity over Syria

The Russian pilot demonstrated high professionalism and took timely measures to prevent a collision

Polonez MLRS battalion deploys to Belarusian border with full ammunition load

The Belarusian Defense Ministry did not specify the border area that the Polonez MLRS battalion had deployed to

Biden confuses Italy and France in recent remarks

The president said that former President Donald Trump would not go to a cemetery in Italy, while referring to the French cemetery of soldiers fallen in the world wars

Two aerial targets destroyed in Sevastopol, governor says

Their fragments fell in the coastal area and the Balaklavsky District

Georgian PM says Tbilisi will under no circumstances become second Ukraine

Irakli Kobakhidze emphasized that Georgia has dealt with similar threats in the past and the government will not let anyone bring the country "to such a dire condition" as Ukraine has been put in

St. Petersburg and Republic of Congo outline areas for broad cooperation

The statement was made after a meeting between Governor of St. Petersburg Alexander Beglov and President of the Republic of the Congo Denis Sassou-Nguesso

Taiwan detects approach of 23 Chinese aircraft, 5 ships

Taiwan responded by engaging aircraft, ships, and land-based surface-to-air missile systems to track targets

Ukrainian MP demands Supreme Court oblige parliament to call presidential election

"The latest polls also reveal that people want changes," Alexander Dubinsky said

Orban sees EU leaders seeking to drag Europe into Ukraine conflict to defeat Russia

Europe is increasingly dragged into a war in which the continent has nothing gain and can easily lose everything, Hungarian Prime Minister noted

Russia’s UN envoy incensed about drills US, South Korea held as Putin visited Pyongyang

It was the four-day Air Force exercises, which engaged fighter jets and an American fire support aircraft to practice live firing over the Yellow Sea

Jill Biden believes 90-minute debate cannot define her husband’s four years in office

Biden told his wife "I don’t know what happened" during the debate

Five people dead as dormitory outside Moscow catches fire

Three more people are being resuscitated

Ukrainian forces attack apartment building in town in borderline Belgorod Region

A car is damaged with shrapnel

Russian air defenses destroy another Ukrainian drone in Belgorod Region

On-duty air defenses destroyed the Ukrainian unmanned aerial vehicle over the Belgorod Region

US analyst says Biden, Trump misinformed about situation in Ukraine

Both politicians appear to be incompetent about some important issues, according to the professor of political science at the University of Rhode Island Nicolai Petro

BRICS countries back Russia’s initiative to create grain exchange — agriculture minister

Oksana Lut also mentioned "the development of the possibility of settlements in national currencies of the BRICS countries"

Trump to eventually see there is no alternative to Putin's proposals on Ukraine — diplomat

Commenting on US politicians' perception of Vladimir Putin's proposal, Sergey Ryabkov pointed out that "Trump is not the entire US elite"

Dogs gifted to Putin by North Korean leader adapting to life in Moscow — Kremlin spokesman

Two rare Pungsan breed hunting dogs would be given names after they arrived in Moscow and underwent quarantine procedures

One killed, four injured in Ukrainian shelling of Donetsk, DPR head says

Another woman was wounded

Republic of Congo and Russia to boost energy cooperation — Congolese president

Denis Sassou-Nguesso noted that the republic continues to follow the path of strengthening cooperation with Russia

More than 1 mln people attend Christmas services in Moscow

Head of the capital's department for national policy and interregional relations Vitaly Suchkov clarified that a total of about 550 churches in the capital were open on these holidays

Five people killed, five injured in Ukrainian drone attacks on Kursk Region in past day

The acting governor Alexey Smirnov said that the Ukrainian drone attacks targeted populated localities in the Rylsk, Glushkovo and Korenevo districts

Disrespect for immunity of countries could be step toward war — Medvedev

"Russia, like most countries of the world, including, incidentally, the United States of America and the largest countries - China, India - is not a party to this theatrical institution called the ICC," the official stressed

Iran threatens ‘obliterating war’ if Israel attacks Lebanon

"Iran deems as psychological warfare the Zionist regime’s propaganda about intending to attack Lebanon", the Iranian mission to the UN said

Trump says Putin’s conditions for peace in Ukraine ‘not acceptable’

"Look, this is a war that never should have started if we had a leader," former US President said

Switzerland gets 2-0 win in Euro 2024, beating Italy

Remo Freuler tapped a pass near the net in for the first Swiss score at the 37 mark and Ruben Vargas scored just 27 seconds into the second half, at the 46 mark

Kiev demands that NATO establish no-fly zone over Western parts of Ukraine — AFP

"I do not understand what NATO cannot deploy air defense systems along the Polish border," Verkhovna Rada lawmaker Alexey Goncharenko said

Reformist candidate Pezeshkian leads in Iranian presidential election so far

Mohsen Eslami, spokesperson for the country’s election headquarters said that Massoud Pezeshkian mustered 973,052 votes so far, according to preliminary data

Press review: Russia sees US behind Sevastopol attack and Serbian arms flowing to Kiev

Top stories from the Russian press on Monday, 24th

Armenia confirms its participation in NATO summit in Washington

The summit will look at establishing a new structure for helping Ukraine

Trump says Kiev not winning in conflict with Russia

At the same time, Trump also claimed that Russia "is going to take [entire] Ukraine"

Ukrainian military fires about 100 rounds at Russia’s Belgorod Region over past day

An industrial facility came under fire in the town of Graivoron; a drone attack caused a home to catch fire in the village of Zamostye

Germany advances to Euro 2024 quarterfinals

The match was suspended for about 25 minutes after torrential rain with claps of thunder and lightning poured down on Dortmund

Arresting foreign officials may trigger declaration of war — Medvedev

Dmitry Medvedev made this statement at a plenary session of the St. Petersburg International Legal Forum

Russian forces strike Swedish-made CV90 combat vehicle near Artyomovsk

"Whereas an Abrams tank costs about 8.5 million US dollars, the price of an CV-90 is more than 10 million US dollars," the deputy commander of the Burevestnik unit of the Battlegroup South said

Russian researcher believes West will have to reach compromise with world majority

Kirill Babayev said Asia hold special importance in building new Eurasian security architecture where Russia and China will play a key role

Senior official highlights key role of determined, creative youths in Russia

The youth policy is a key sphere of work for the government, Dmitry Medvedev said

Ombudsperson reports return of two Ukrainian Orthodox Church clerics to Russia

Tatyana Moskalkova also lauded exchanges of POWs between Russia and Ukraine which she said became possible "only through enormous efforts on Russia’s part

No EU sanctions can undermine Russian economy — MFA

Spokeswoman Maria Zakharova recalled that the new sanctions provide for illegal measures against the Russian energy sector, designed to limit or completely block the supply of Russian oil and gas to the world market

India to build first phase of its own space station by 2028

We have completed or rather engineered the detailed design, which is capable of being launched by the LVM3, Indian Space Research Organization (ISRO) Chairman Sreedhara Panicker Somanath said

Poll shows 60% of Americans want Biden replaced as presidential candidate

Meanwhile, 57% of debate-viewing voters said that Trump outperformed Biden

Ukrainian drone attack kills five people in Russia’s borderline Kursk Region

Another two members of the family were taken to the Rylsky District Hospital in serious condition

Russia taking measures in response to US involvement in strikes on Sevastopol — diplomat

Commenting on the likelihood of the Russian side using tactical nuclear weapons in response to the shelling of Sevastopol, Sergey Ryabkov pointed out that "the Russian president, as the supreme commander-in-chief, makes such fateful decisions"

Ukraine working on own peace plan, to be ready before year-end — Zelensky

The Ukrainian president reiterated that Kiev wanted to see the conflict over and hoped "to achieve a fair peace as soon as possible"

Press review: Indian PM to visit Moscow and EU-Ukraine accession talks officially begin

Top stories from the Russian press on Wednesday, June 26th

Biden not to drop out of presidential race over performance at debates — campaign

The media also noted that members of Joe Biden’s campaign say that the current US president has no intention to drop out of the second round of debates with Donald Trump on September 10

Russian PM gives instructions to set up organizing committee to celebrate TASS’s 120 years

The State Academic Bolshoi Theater of Russia and the Moscow-based World Trade Centr business center will be involved in preparations for the celebrations

Press review: Putin receives Congolese president and rumors fly after failed Bolivia coup

Top stories from the Russian press on Friday, June 28th

Russia, Iran far from full realization of cooperation potential — General Staff chief

Iranian General Staff Chief Mohammad Bagheri noted that "the military area is the driver and the forefront for development of relations between Iran and Russia"

Russia delivers 17 strikes at Ukrainian military-industrial sites over week

Russia’s Battlegroup West improved its tactical position and inflicted casualties on eight Ukrainian army brigades in its area of responsibility over the past week, the Defense Ministry reported

Israeli Air Force jets break sound barrier over Beirut, creating sonic boom

The fighter jets took to the skies over the Beqaa Valley and the eastern mountain ridge in Lebanon

Arabs remove Hezbollah from list of terrorist organizations — senior Arab League official

"The military escalation in the south poses a severe challenge to security and stability not only in Lebanon, but also across the Middle East, especially if the conflict spills over," Hossam Zaki said

Ukrainian army attacks refugees trying to evacuate from Toretsk — DPR official

Kimakovsky said earlier that the first group of refugees from Toretsk had been evacuated to a rear area in the Donetsk People’s Republic

Thirty companies ready to be residents of free economic zone in Belgorod region — governor

Vyacheslav Gladkov added that next his administration expects to receive clarifying criteria for the selection of residents of the free economic zone

Russian, Jordanian diplomats discuss ceasefire in Gaza — Foreign Ministry

"Special attention will be paid to the tasks of rendering humanitarian support for all who are in need for it, including based on the resolutions of the June 11 international conference on urgent humanitarian assistance to Gaza in Jordan," the ministry reported

Regular direct air service to Cuba to resume on July 1 — Russian diplomat

These flights will be carried out by Aeroflot’s subsidiary, Rossiya Airlines

China’s Chang’e 6 probe brings 1,935.3 grams of soil from moon’s far side — CNSA

CNSA Director Zhang Kejian handed the container with samples and the sample certificate over to Vice President of the Chinese Academy of Sciences Ding Chibiao

First round of snap parliamentary election kicks off in France Sunday

A total of 577 seats are up for grabs for the centrist presidential coalition, the right-wing National Rally and the leftist New Popular Front

Belarusian air defenses register increased number of Ukrainian drones

The situation in the airspace is tense

Discussions on South Caucasus need to be moved out of Switzerland — Russian delegation

"This is related to the fact that the Geneva venue is no longer comfortable for Russia and its allies," Russian Deputy Foreign Minister Mikhail Galuzin added

US House Speaker Johnson says Biden’s cabinet should remove him from office

"Our adversaries see the weakness in this White House as we all do," Mike Johnson said

Boosting gas supplies to Hungary is under discussion — Kremlin

Last week, Russian President Vladimir Putin said that Russia was ready to increase gas supplies to Hungary by 1 billion cubic meters

EU expands some anti-Russian economic sanctions to Belarus

The restrictions include an export ban on dual-use/advanced goods and technologies, as well as introducing further export restrictions on goods which could contribute to the enhancement of Belarusian industrial capacities

FSB detains CEO of hypersonic systems research company in high treason case

According to the source, the investigators plan to ask court to put Alexander Kuranov under arrest for two months

Democratic donors hope to exclude Biden from presidential race — NYT

Other donors are hoping that the US president "would have an epiphany and decide to exit on his own."

ISS orbit adjusted by 1.36 km before Soyuz spacecraft reshuffle — Roscosmos

The engines of the Progress MS-26 cargo ship were burned for 536 seconds

IN BRIEF: Trump’s presidential debate win puts final nail in Biden’s political coffin

A flash poll showed that 67% of watchers said Trump performed better during Thursday night’s debate

US, German special services attempted to block Nord Stream 2 project, politician reveals

US secret services actively campaigned for environmental associations in Mecklenburg-Western Pomerania to prevent Nord Stream 2 and offered their support

Russian Defense Minister tasks General Staff with measures to respond to US drone missions

The ministry pointed to the increased intensity of activities of US strategic unmanned aerial vehicles over the Black Sea, which are conducting reconnaissance and targeting of precision weapons supplied by Western countries to the armed forces of Ukraine for attacks on Russia

Investigative Committee chief for considering abolition of moratorium on death penalty

Alexander Bastrykin said that it should be used "in some cases," citing the terrorist attack on the Crocus City Hall music venue as an example

Russia to continue supplying energy and food to global market despite EU sanctions — MFA

Maria Zakharova reiterated that although the EU sanctions are formally aimed against Russia, they are equally harmful and undermine the security of developing countries

Moldova may join SCO, BRICS after leadership change — former President Dodon

"The status of an EAEU observer we obtained during my presidency was the right step and this status should be used," Igor Dodon said, adding that Moldova should pursue a balanced foreign policy

By delaying Nord Stream 2, US harms German companies, says Russian envoy to Berlin

To start pumping gas, Nord Stream 2’s operator has to obtain the green light from the German regulator

Liberation of Razdolovka to help Russian army expand bridgehead in Seversk area — expert

"Razdolovka is yet another settlement on the way to liberating Seversk," Igor Kimakovsky pointed out

Reformist candidate leading in Iran's election with votes at most polling stations counted

The election official told the IRIB TV channel that with 19 mln votes counted, Pezeshkian, a reformist candidate, received 8.3 mln votes

Belarusian military warns of rising tensions on border with Ukraine

The Ukrainian army has also deployed electronic surveillance systems near the Belarusian border and is widely using unmanned aerial vehicles, Lukashevich said

Russia opens criminal probe in last night’s terrorist attack on Kursk Region village

The Investigative Committee is currently looking into the incident to identify the people behind the attack

State-of-the-art A-100 ‘Premier’ to come as Russia’s response to US AWACS — expert

A-100 ‘flying radars’ will be capable of conducting flights along the borders "to survey" the situation within a range of several hundred or, perhaps, several thousand kilometers as the radar’s exact characteristics are unknown

Hundreds of protesters light bonfires in Tel Aviv, demanding elections

The protests are taking place amid massive police presence

Russia strikes Ukrainian military airfields by precision weapons — top brass

Russian troops struck massed Ukrainian manpower and military hardware in 117 areas over the past day, the ministry reported

Gazprom delivering 42.4 mln cubic meters of gas to Europe through Ukraine via Sudzha

The transit line through Ukraine remains the only route for Russian gas supplies to western and central European countries

Russian air defenses destroy Ukrainian drone in Belgorod Region

The Kiev regime’s attempt to carry out a terrorist attack on targets in Russia using a fixed-wing drone was foiled at about 9:45 a.m. Moscow time

Ukrainian troops withdraw from some important areas near Toretsk — DPR official

Igor Kimakovsky specified that the Ukrainian armed forces had lost dozens of troops in the Toretsk area in recent days

Burevestnik unit destroys $23.5 mln worth of Ukrainian weapons in two months

According to the report, most of the targets were heavy equipment, weapons, dugouts, and deployment sites

Biden admits to presidential debate malperformance

He promised that the Democrats would win the November election anyway

Ukraine’s top diplomat discusses ways to resolve crisis with Chinese envoy in Croatia

Dmitry Kuleba told the Wu Hongbo envoy about the recent conference in Switzerland, after which the two sides "exchanged opinions regarding further efforts toward a fair and long-lasting peace in Ukraine"

Putin highly appreciates projects for production of PD-14 and PD-35 aircraft turbo engines

The Russian leader has no doubt "that these plans will be implemented, and then we will have our own engine for wide-body long-haul aircraft"

Non-participation in policy of illegal sanctions seen as criterion of BRICS membership

This position, according to Russian Deputy Foreign Minister Sergey Ryabkov, "is met with full understanding" and Russia hopes that "it [this position] will preserve its pivotal character in the future"

North Korea blames US, Japan, South Korea for creating ‘NATO of Asian version’

The North Korean Foreign Ministry strongly condemned the Freedom Edge trilateral military exercise held in the region, describing it as an attempt to "escalate regional military tensions, exert pressure upon the Far East of Russia and lay siege to China"

Musk laughs as Democrats comment on Biden’s performance in presidential debate

He commented on the Democrats pronouncing Biden the winner in the debate in a post

Houthis say they attacked four commercial ships in Red, Mediterranean Seas

According to the movement’s military spokesperson Yahya Sarea, the Houthis and the Islamic Resistance in Iraq attacked The Waler oil tanker, Johannes Maersk container ship, as well as the Delonix tanker for liquid chemicals and the Ioannis bulk carrier

Ukraine loses up to 270 troops in area of responsibility of Russia’s Battlegroup North

The Ukrainian army also lost a tank, four motor vehicles, a US-made M109 Paladin 155 mm howitzer, a 2A65 Msta-B 152 mm howitzer and three D-30 122 mm howitzers

Putin discusses situation around INF Treaty with Russian Security Council

The Russian leader recalled that several years ago the United State had withdrawn from the treaty under an invented pretext and announced its plans to manufacture such missile systems

Conservative, reformist candidates to face off in Iran’s presidential runoff — official

Mohsen Eslami, the spokesperson for Iran's Election Headquarters, told the IRIB TV channel, that Pezeshkian received 10.4 mln votes with 24.5 mln votes counted at all polling stations, while Jalili garnered 9.5 mln

Three civilians suffer injuries in missile attack on Sevastopol, governor says

According to preliminary reports, three civilians suffered minor shrapnel injuries and were taken to the hospital

Third of Ukrainian troops surrender near Lisichansk, LPR’s envoy to Russia says

According to Rodion Miroshnik, the operation to liberate the LPR would be brought to an end as soon as the operation in Lisichansk was finished

Musk assesses US presidential election debate as preparation to replace Biden

Atlanta was the site of the first-ever televised election debate between a sitting president and a former president in US history

Tanks playing major role in Russian army’s advance in south Donetsk area — top brass

The T-80BVM tank was engineered to operate in a tense environment under heavy enemy fire