Ministry of Finance submitted to the European Commission Recovery and Resilience Facility plan on April 30. This puts Latvia among EU member states that have prepared and submitted their recovery plan to the EC, as reported by the ministry. 12 out of 27 EU member states – Austria, Belgium, Denmark, Germany, Greece, Spain, France, Italy,…
Tallink has said if the Tallinn-Stockholm shipping line cannot be opened until July, then the route will remain closed until the spring of 2022. The line has been closed to passengers since March 2020. Due to the coronavirus pandemic, it is still unclear if international travel will be feasible for tourists this summer. Tallink is…
Uzbekistan’s chemical enterprises until the end of this year plan to produce 26 types of localized goods worth $139 million, the state-owned Uzkimyosanoat company reports. It added that enterprises engaged in the sphere delivered $40.9 million worth of goods in January-April, exceeding the target by 136.94%. The volume of exports comprised $11.49 million, whereas during…
In January-March, the volume of issued mortgage loans in Ukraine increased more than twofold YoY and amounted to UAH 1.4 billion. This is evidenced by the findings of a survey of banks conducted by the National Bank of Ukraine (NBU), the central bank’s press service reports. “In total, banks issued 1,811 loans worth almost UAH…
The National Bank of Ukraine (NBU) has approved the methodology for bank stress testing in 2021, the central bank’s press service reports. The NBU reminded that stress testing was one of the stages of the banks’ resilience assessment. “This year 30 institutions are to be stress tested. They account for 93% of the banking system…
After checking the use of EUR 14.5 million provided by the Latvian Ministry of Culture to help the culture sector overcome Covid-19 crisis, the State Audit (VK) concluded that this financing was mostly used appropriately, as reported by VK Fourth Audit Department Director Inga Vilka at a meeting with Saeima’s Public Expenditures and Audit Committee.…
April saw a seven-month high in passenger through-flow at Tallinn Airport, with a significant proportion of flights being chartered planes. The development suggests public belief that the cross-border travel situation is improving, as well as a growing desire to travel again, the airport says. While the school spring break was not accompanied by a significant…