Airline Nordica suffered a loss of EUR 10.5 million last year due to the reduced opportunity to travel caused by the coronavirus. The company approved the report for the previous financial year at a general meeting on July 6. Last year’s sales revenue was EUR 61 million, almost 42% less than in 2019 which saw…
There will be no mass blackouts in the autumn-winter period, the head of the Electrical Energy Department of the Ministry of Energy and Industry of the Kyrgyz Republic, Marat Jeenbekov, has announced. “We will maximize the generation of electricity at the hydropower station, and the Heating and Power Plant (HPP) will be loaded at full…
Lithuanian employers complain that they cannot fill vacancies, putting the blame on unemployment benefits introduced during the pandemic. Meanwhile, worker representatives say employers are simply unwilling to offer attractive work conditions and pay. The Lithuanian government has introduced the monthly “jobseeker’s allowance” of 212 euros to help the unemployed survive the quarantine. The government has…
Analysts of the Eurasian Development Bank (EDB) have assessed the consequences of Uzbekistan’s possible accession to the Eurasian Economic Union (EAEU). According to their forecast, this would allow Tashkent significantly increasing the inflow of infrastructure investments and money transfers, expanding exports and strengthening industrial cooperation. The EAEU itself would also benefit from the expansion. They…
In January-May, local budgets of Kherson region received UAH 542,000 in tourist tax payments, up by 18% YoY, Kherson Regional State Administration reported with reference to information released during the conference call. “The increase in revenues is due to the collection of tourist tax on the territory of local councils, where the number of accommodation…
From 2013 to 2019, Ukraine decreased exports of goods to the Russian Federation by 78% and increased exports to the European Union by 24%, President of the Kyiv School of Economics, Adviser to the Head of the President’s Office Tymofiy Mylovanov said this at the All-Ukrainian Forum “Ukraine 30. International Relations”. “Between 2013 and 2019,…
Uzbek President Shavkat Mirziyoyev has inked a new law aimed at improving the public procurement system. According to the document, from July 5, the relevant corporate customers should publish announcements about the conduct of procurement procedures and information about its results on a special information portal and through the media. The current procedures for carrying…