Nordica started operating its new flight connections to Copenhagen on April 30. It will fly to Copenhagen’s Kastrup Airport up to 11 times a week. “Our job as an airline is to provide quick, convenient, direct connections for Estonian air passengers to key destinations,” Toomas Uibo, Nordica’s director for marketing and communication, said. “Adding the…
PASHA Bank intends to bring its loan portfolio to 2 billion manats by 2020, Taleh Kazimov, chairman of the Board of PASHA Bank, said at a press conference on May 1. He said that by the same period, it was planned to have increased the value of assets to 5.2 billion manats. Speaking about the…
Asian Development Bank (ADB) and the Government of Tajikistan signed a $90 million grant agreement on April 30 for the rehabilitation of a 40-kilometer section of the Dushanbe-Bokhtar road to improve connectivity between two major cities and economic hubs in Tajikistan and enhance the safety of the country’s highway network. According to the report, the…
Electricity production in Ukraine’s power grid increased by 3.8% YoY in January-March, to 44.543 billion kWh. Nuclear power plants (NPPs) reduced electricity generation over this period by 7.6%, to 21.983 billion kWh. Thermal power plants (TPPs), as well as combined heat and power plants (CHPPs) and cogeneration plants (CPs), increased production by 16.1%, to 17.614…
The United States has confirmed the delivery of Javelin antitank missile systems to Ukraine in a move that is welcome in Kyiv but will almost certainly enrage Moscow amid a four-year conflict that pits Russia-backed separatists against Ukrainian national troops. “They have already been delivered,” a U.S. State Department official confirmed on April 30. A…
According to Statistics Estonia, in March the production of industrial enterprises increased by 8% compared to March 2017. Production increased in manufacturing as well in mining and in energy. In March the total production in manufacturing was 5% higher compared to the corresponding month of 2017. In March over a half of the branches of…
President Dalia Grybauskaite has signed a law on the ratification of the trade agreement between the European Union and Canada. Currently around 150 Lithuanian companies export to Canada, with as many as 80% of them being small or medium, according to a statement issued by the presidential office. The EU-Canada trade agreement will eliminate 99%…