Latvia: Riga City Council to borrow EUR 8.9 million for transport infrastructure development

To contribute to implementation of investment projects in Riga’s transport infrastructure, the municipality’s interim administration decided to borrow EUR 8.9 million from the State Treasury, as confirmed by Riga City Council. This money is planned to be used on reconstruction of Ieleja Street and Asnu Street, outline red lines for parking areas along streets, cycling…

Ukraine: Scandinavian Airlines resumes flights

Scandinavian Airlines has resumed regular flights to Boryspil International Airport (Kyiv region). The airport’s website said that the airline planned to operate flights from Boryspil International Airport to Oslo International Airport once a week on Tuesdays. Scandinavian Airlines is a multinational airline company, the leading carrier of the Scandinavian countries, based in Stockholm (Sweden), owned…

Latvia: alcoholic beverages output down ion H1 2020

In the first half-year of 2020, a total of 23.346 million liters of alcoholic beverages (aside from beer) was produced in Latvia, down by 8.9% YoY, according to information from the State Revenue Service (VID). Additionally, small alcoholic beverage producers with valid licenses issued under beneficial conditions produced 35,000 liters of alcoholic beverages in the…

Kazakhstan: Trade Ministry predicts significant rise in e-commerce in 2020

The Kazakh Trade Minister, Bakhyt Sultanov, emphasized the importance of development of e-commerce, especially during the pandemic. Addressing the reporting meeting with the population, Sultanov noted that Kazakhstan’s e-commerce market’s value approached 700 billion tenge last year. It is said to stand at 432 billion tenge following the results of the first half of 2020.…