The Latvian Supreme Court has banned the Riga public transport company SIA Rigas satiksme from continuing a procurement procedure of passenger van services without changing the procedure. With this week’s ruling the Supreme Court has satisfied the additional complaints by the bus service companies AS Liepajas autobusu parks and AS Nordeka. Having heard the explanations…
The turnover of retail trade enterprises increased by 2% YoY in July, according to Statistics Estonia. The increase in July at constant prices led to a retail trade enterprises turnover of EUR 624.1 million. If seasonally and working-day adjusted data is taken into account however, the increase stood at 1%. The breakdown is as follows:…
The Supervisory Board of PrivatBank has approved a new structure and composition of the management board, a press release issued by the bank states. “The management board structure is better aligned with the Bank’s tasks in the transformation period and the best European practices with a focus on the implementation of the approved Bank’s development…
Ukrainian Prime Minister Volodymyr Groysman says Ukraine needs about 10 years to become a self-sufficient economy. “We will need some time to become self-sufficient from the economic point of view. I can cope with this task within 10 years. This means that our economy will undergo positive changes every year,” the prime minister said at…
Belarus intends to sell more beef to China, representatives of the Embassy of Belarus in China reported after Belarusian Agriculture and Food Minister Leonid Zayats held a series of negotiations in Beijing. Leonid Zayats met with top executives of the China Meat Association (CMA), Great Silk Road Company, and Chengdu Haiyunda Company. The sides discussed…
According to Statistics Estonia, in the second quarter of 2018 the total profit of the business sector was EUR 726 million, down by 12% YoY. Compared to the second quarter of 2017 the total profit decreased in most economic activities. Trade, agriculture, forestry and fishing, and information and communication enterprises contributed the most to the…
The flights by Tez Jet Airline from Bishkek to Jalal-Abad and back, operated on Mondays, Wednesdays and Fridays, were suspended for two weeks. The airline refused to explain the reasons, referring to an internal order of the management. The company specified that it was possible to buy a ticket for Sunday and fly to Jalal-Abad…