Latvijas Gaisa Satiksme (LGS) and telecommunications company Latvijas Mobilais telefons (LMT) have signed a memorandum of understanding on cooperation for research and development projects, as confirmed by both companies. As part of this memorandum, LGS and LMT will work on various solutions for the development of safe and convenient UAV traffic together. The memorandum provides…
Riigikogu speaker and former prime minister Juri Ratas’ criticisms of the recently-unveiled state budget strategy are puzzling, given he has been involved in discussions on the topic and his party, Center, is one of the two coalition partners which reached an agreement on the strategy, Prime Minister Kaja Kallas (Reform) says. “It is strange when…
The President of Kyrgyzstan signed a new Constitution on May 5. Then Sadyr Japarov addressed a message to the people. He noted that the energy sector needed a large-scale technological modernization, requiring significant investments, and it was necessary to ensure uninterrupted supply of electricity, heat and the country’s energy security. “The growing demand for energy…
A draft directly related to the responsibility of heads of organizations for the late publication of financial statements, as well as the prevention of violations of the law on accounting was under scrutiny by Uzbek MPs. The draft reflects the norms aimed at strengthening responsibility for the organization of accounting. “Timely and high-quality presentation of…
The First Ukrainian International Bank (FUIB) received UAH 1 billion in net profit in the first quarter of 2021, up by 23% YoY. The bank’s operating income in Q1 amounted to UAH 2,412.6 million against UAH 2,041.2 million in 2020. FUIB’s net interest income rose by 21%, to UAH 2,029.1 million. FUIB’s net commission income…
Banks received UAH 10.9 billion in net profit in January-March, down by 32% YoY, when the banking sector earned more than UAH 16 billion, the press service of the National Bank of Ukraine (NBU) reported. “The main factor holding back the growth of the sector’s profitability in the first quarter was changes in the fair…
The unemployment level observed in Latvia in March was 8.7%. This level exceeds that of the European Union and Eurozone, according to data published by Eurostat about 25 member states on April 30. According to data from Eurostat, unemployment among EU member states was the highest in Spain (15.3%), Italy (10.1%), Sweden (9.1%) and Lithuania…