The Fund said that a faster-than-expected global recovery could push oil and gas prices higher, boosting revenues and strengthening fiscal and external balances.

The cost of the construction wastewater treatment plant in Namangan city is $90 million with a project term of 25 years.

In January 2019 Gyulumyan and a team of co-workers took part in a 24-hour hackathon, which they won with Lucky Carrot, an app which helps teams and organisations build a culture of peer recognition and gratitude.

The acquisition is in line with the company's strategy of increasing its interests in copper and gold properties both in Azerbaijan and internationally.

The total annual capacity of the plant is 1.5 million tonnes of liquid products for both domestic market and export.

The loan is a part of a 450 million package to finance the upgrade of sections of the M-05 Kyiv-Odessa road in the Kirovohrad, Mykolaiv and Odessa regions.

PrivatBank reported a net profit of 21.2 billion hryvnias ($806 million) in January-September this year.