Ukraine’s Social Policy Ministry predicts poverty in Ukraine will have grown to 45% by late 2020, up by 6.5% YoY. According to M.V. Ptukha Institute for Demography and Social Studies of the National Academy of Sciences of Ukraine, poverty in 2019 was 38.5%, down by 4.7%. “Thus, media reports about a “sharp increase in poverty…
US company Cerberus Frontier will construct a small hydropower plant, Bakhvi 1, in the Guria region of Georgia, Economy Minister Natia Turnava has announced. “This will be the US company’s fifth project in Georgia”, said Turnava and added that a government meeting discussed and approved the construction of Bakhvi 1 hydropower plant in Guria. The…
The Lithuanian government has greenlit relaunching regular flights to Norway, making Oslo the fourth destination to be accessible by air from Vilnius. Regular flights have so far been allowed to Frankfurt, Riga and Tallinn. Foreign Minister Linas Linkevicius told the Cabinet that flights from Vilnius to Oslo would resume from May 25, adding that AirBaltic…
The Cabinet of Ministers has approved the annual report of JSC CB PrivatBank for 2019, according to Prime Minister Denys Shmyhal. “We have approved the annual report of PrivatBank for 2019: 75% of net profit totaling UAH 24.4 billion. Another 5% of the bank’s net profit totaling UAH 1.6 billion will be sent to the…