The situation in Ukraine’s economy is extremely difficult due to lockdown measures aimed at combating the spread of coronavirus disease (COVID-19), Prime Minister Denys Shmyhal has said. He said that lockdown measures had the greatest impact on micro, small and medium-sized businesses. “We do not underestimate the situation regarding how many people lost their jobs…
Bill No. 3329-2 that foresees a reduction in Ukrainian banks’ minimum charter capital from UAH 500 million ($18.5 million) to UAH 200 million ($7.4 million) has passed its first reading. The bill amends the Tax Code of Ukraine and other laws to additionally support taxpayers during the quarantine period set to combat the spread of…
Tallinna Sadam ferry operating subsidiary TS Laevad and the Road Administration (Maanteeamet) have signed a cooperation agreement for additional voyages and the acquisition of a new vessel. As an increase in demand on the Virtsu-Kuivastu and Rohukula-Heltermaa is expected in the years to come, TS Laevad and the Road Administration have signed an annex to…
One of the key tasks of Atyrau region is to build this year 800,000 square meters of housing or 6,500 apartments, the Ministry of Industry and Infrastructure Development’s Facebook account reads. KZT 8.1 billion was invested into the housing construction in the first quarter of 2020, and 149,600 square meters or 1,278 apartments were built.…
The State Agency of Automobile Roads of Ukraine (Ukravtodor) has announced its intention to overhaul 40 km of the M-05 Kyiv-Odesa road at the expense of funds from international financial organizations, and Onur Taahhut Tasimacilik Insaat Ticaret Ve Sanayi A.S. (Turkey) has been determined as the contractor with a contract signed for the amount of…
The State Agency of Automobile Roads of Ukraine (Ukravtodor) plans to receive the second tranche of the loan under state guarantees in June. “We depend on construction plans, but the next tranche will be in June,” Ukravtodor Head Oleksandr Kubrakov said. He noted that on April 30, Ukravtodor received the first tranche of the loan…
The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) will provide a EUR 75-million sovereign loan to modernize Tbilisi’s metro network in Georgian capital city. The EBRD will allocate EUR 65 million, while the GCF will provide EUR 10 million, which will be spent on the acquisition of 40 modern…