Lithuanian charter airline Small Planet Airlines has turned to a court in Germany, asking for the restructuring of its German subsidiary due to loss-making activity. The company says its expansion plans in Germany failed due to technical problems and flight irregularities. According to Vytautas Kaikaris, CEO of Small Planet Group, financial losses incurred by the…
The EBRD-managed program supporting energy efficiency in Ukrainian homes has reached a milestone of investing over UAH 1 billion (equivalent of over EUR 30 million). More than 30,000 Ukrainian households took out loans from local commercial banks, which participated in the program to invest in green technologies for their homes; of those, over 20,000 projects…
Avangard plans to recover the second position in the list of the world’s largest egg producers, lost as a result of military aggression in Donbas, Oleg Bakhmatyuk, owner of UkrLandFarming (ULF) and Avangard, announced. “Over the past four years we have invested more than $2.2 billion in agricultural assets in Ukraine. We are working to…
The public transport subsidy made available by the Estonian government will increase by EUR 9 million, to EUR 101 million in 2019, it appears from the state budget bill that has received the informal nod from the government. A large portion of the increase can be attributed to the increased subsidization of bus services. Minister…
Compared to July, level of producer prices in the Latvian industry rose by 1% in August. Level of prices of products sold on the domestic market grew by 1.9%, but of exported products – went up by 0.1%. Prices of products exported to euro area countries increased by 0.2%, but prices of products exported to…
Director General of Uzbekistan Airways Bakhtiyor Khakimov held talks with Senior Vice-President of the Korean Air Samsug Noh. During the meeting the parties exchanged views on further development of cooperation between Uzbekistan Airways and Korean Air. In particular, the cooperation in passenger and cargo transportation was discussed. Also, the heads of airlines considered the prospects…
Kyiv is promising and open to business and investments, Mayor of Kyiv Vitali Klitschko said at the 10th International Trade Day conference in the German city of Aachen. “Today Kyiv, as never before, is prepared and open to cooperation. Kyiv is promising for investments,” Klitschko said. He noted that 60% of all foreign investments into…