Ukraine’s economy could contract by 6-7% in 2020, Deputy Governor of the National Bank of Ukraine (NBU) Dmytro Sologub has said. “Based on the data on the decline in the first quarter, industrial production and transport in April, I think the decline may be more severe than expected. Accordingly, if we transfer the dynamics to…
Construction of a new international terminal at Almaty Airport with passenger flow traffic up to 6 million will begin on July 1. Construction works will be completed on July 1, 2022. As earlier reported, Turkey’s TAV Airports Holding bought the Almaty International Airport for $415 million. (Kazinform/Business World Magazine)
As of May 15, the annual inflation rate reached 7.5% after rising to 8.6% in April, the Chairman of the National Bank of Kyrgyzstan Tolkunbek Abdygulov reported. According to forecasts of the National Bank, inflationary processes will slow down in the second half of the year. It is planned that the National Bank will work…
The Port of Tallinn entered into an unsecured loan agreement with SEB Bank for up to EUR 20 million, with a term of five years, to develop Tallinn’s Old City Harbor. The base interest rate of the loan is six-month Euribor, plus an interest margin. The loan can be drawn in two payments, the first…
Ukrainian bus carriers are hesitant to resume operations over the government-imposed restrictions on the number of passengers per vehicle, that’s according to ex-MP, transport expert Oleksandr Kava. “The market of bus transportation is that of privately-owned carriers unlike in European countries, where there are municipal monopolies in city and suburban transport,” the expert said. “Accordingly,…