The Supreme Court of Ukraine has upheld court decisions obliging ex-owner of the insolvent Delta Bank Mykola Lahun to compensate UAH 4 billion, or $150 million, in favor of the state-run Oschadbank, according to the latter’s press service. The case concerns Delta Bank’s failure to fulfill obligations under two contracts of 2010 related to the…
An association of tea producers and exporters will be established in Azerbaijan, Rufat Mammadov, head of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO), said. “We are working on this and an association will be established soon,” he added. “Moreover, we are working to establish associations of producers and exporters of date and tobacco.” Sectoral…
Juice and sauce producer Orkla Foods Latvija owned by the Norwegian conglomerate Orkla Group is investing 122 thousand euros in a new production line and in the development of new product-packaging design. Representatives of the firm unveiled: “In the factory located in Spilve, Babites novads, works have been launched to install a new production line.…
Construction work on the runway and taxiways of Tallinn’s airport have been concluded that made it necessary to occasionally close it during the night hours. The works lasted for two years. A new beaconing and lighting system is entering operation that is both environmentally friendly and corresponds to the current development level of the technologies…
In January-September the Port of Tallinn handled 14.25 million tons of cargo, down by 9.2% YoY. According to the Port Authorities, transshipment of containers climbed by 5.5%, to 157,050 TEUs. Transshipment of general cargo grew by 18.5%, to 509,200 tons, dry bulk cargo – by 5%, to 2,857,200 tons, liquid bulk cargo dropped by 27%,…
Ukraine continued increasing flour exports at the beginning of 2017-2018: the country exported 72 KMT in the first two months of the season, or 20% more than at the same time last year (60 KMT was shipped abroad in July-August 2016). China is still the key end market for Ukrainian flour and keeps stepping up…