Finances

European Commission approves disbursement of EUR 23 million in assistance to Georgia The European Commission, on behalf of the EU, has today approved the disbursement of the second tranche of EUR 23 million under its Macro-Financial Assistance (MFA) to Georgia.

Emmi acquires stake in Brazil’s Laticínios Porto Alegre

KARIYA (Japan) ?DENSO Corporation today announced its global financial results for the the fiscal year ending March 31, 2017:

Volvo Cars, the premium car maker, reported an operating profit of SEK3.5 billion for the first three months of the year, up 11 per cent from SEK3.1 billion during the same period last year. The increase was mainly driven by strong demand for the company’s XC60 and 90 series cars.

Today PJSC Gazprom issued its audited consolidated financial statements prepared in accordance with International Financial Reporting Standards for the year ended December 31, 2016.

ADB returned to the US dollar bond market with the pricing of a $4 billion 3-year global benchmark bond issue, proceeds of which will be part of ADB’s ordinary capital resources.

Shareholders have approved VTB Bank’s Annual Report and the Annual Financial Statements for 2016 and the following profit allocations for 2016.

Fortum’s equity stake in the joint venture totals a maximum of RUB 15 billion (currently approximately EUR 240 million).

Mechel PAO (MOEX:MTLR) (NYSE:MTL), a leading Russian mining and steel group, announces financial results for the full year 2016.

A solid set of first-quarter results: revenue totalled €1,281Mn (+18% year-on-year) and EBITDA amounted to €807Mn (+13%)