While previously a net electricity exporter for many years, Estonia has recently become an importer. As the power industry’s trade union sees it, the domestic energy production sector is at risk, with the end of national electricity markets, Estonia’s ratification of the Paris Agreement, and cheaper electricity available abroad conspiring to see the sector at…
In April, the international passenger traffic at the Kharkiv International Airport grew by 57%. “In April, the international passenger traffic at the Kharkiv Airport totaled 75,500 people, up by 57% YoY, when the traffic was 48,100 people. Taking into account domestic flights, 92,900 passengers used the airport services in April, up by 43%,” the press…
In January-April, local budgets received UAH 81.3 billion, up by 22.6% YoY or by almost UAH 15 billion, Ukraine’s State Fiscal Service (SFS) reports. “In January-April, according to operational data, the local budgets of Ukraine received UAH 81.3 billion of payments controlled by the SFS. This is 22.6% or almost UAH 15 billion more than…
Rail Baltica has announced an international competition to design the new terminal in the Ulemiste district of Tallinn. Rail Baltic Estonia OU (note the difference in spelling), the Estonian enterprise behind the project, says the contest is aimed at providing a solution for a future joint terminal, set to include a terminal for both international…
Georgia exported about 26 million bottles of wine to 38 countries in January-April, up by 4% YoY, announced the Georgian National Wine Agency. In the reporting period Georgia generated $63.2 million from the sale of wine abroad, up by 7%. Export of Georgian wine increased to the United States – 219,713 bottles (+108%), Israel –…
The launch of a direct service between Vilnius Airport and London City Airport will give Lithuania another opportunity to attract London-based companies in the context of Brexit, Economy and Innovation Minister Virginijus Sinkevicius said ahead of LOT Polish Airline’s first business flight between Vilnius Airport and London City Airport. Paris and Munich are also mentioned…
Ukraine’s Central Bank forecasts that the country’s GDP growth will slow down to 2.5% in 2019, only to speed up again starting next year: to 2.9% and 3.7% in 2020 and 2021, respectively. “The causes of the 2019 economic slowdown include weaker growth in the world economy and global trade, a restrained fiscal policy due…