The government agreed on October 15 to support Nordica’s share capital by EUR 22 million and provide a loan of EUR 8 million to the struggling airline. Minister of Economic Affairs Taavi Aas said the government planned to approve the allocation of funds within a week. The government received permission from the European Commission to…
PM Askar Mamin gave a start to Hyundai automobile manufacturing in Almaty, the PM’s press service informed. Minister of Trade, Industry and Energy of South Korea Sung Yun-mo, Kazakh Industry and Infrastructure Minister Beibut Atamkulov, presidents of Hyundai Motor Company Motor Lee Won-hee and Astana Group Nurlan Smagulov took part in the opening ceremony held…
The Deposit Guarantee Fund of Ukraine sold insolvent banks’ assets worth UAH 93.95 million last week, the fund’s press service reported. “Last week (October 5 – October 9), the assets of five banks, which were in the management of the Fund, were sold for a total sum of UAH 93.95 million,” reads the report. According…
Ukraine and Algeria will create an intergovernmental commission on bilateral cooperation. “Within the framework of the political consultations, Ukraine and Algeria intend to sign a bilateral agreement on the establishment of the Joint Intergovernmental Commission on Bilateral Cooperation which is an effective tool to promote trade and investment, as well as to hold a business…
In January-September, the port of Ventspils handled 9.6 million tons of cargo, down 1.73-fold YoY, with the number of calls having decreased by 16%, to 989, the Port Authority statistics said. In 2019, the port increased its result by 0.8%. This year, the port’s throughput has been decreasing since January. Ventspils port is located near…
Kazakhstan is planning to cut down air communication with Ukraine, the UAE, Germany and Belarus, chief sanitary officer Yerlan Kiyassov has said. During an online press briefing, Kiyassov revealed that the plans would be implemented in the nearest future and were dictated by the worsening epidemiological situation in those countries. The move, in his words,…
Swedbank will relocate its head office building on Liivalaia Street in Tallinn’s Kesklinn district and move to the Hippodrome quarter in North Tallinn in 2024, bringing all of its departments under one roof. Head of Swedbank AS Olavi Lepp said the buildings on Liivalaia Street were too small and the bank had outlived its time…