Nordica subsidiary Regional Jet reported a loss of close to EUR 6.5 million in 2020, a yearm which blighted the aviation sector as a whole with the arrival of the pandemic, as Regional Jet reported a 34% fall in turnover over the same period. Jan Palmer, board chair and CEO, said the timing of the…
According to the full list of projects on which members of the recently uncovered construction cartel had worked, there were projects like Riga Castle, the University of Latvia Academic Centre in Tornakalns, the headquarters of the Corruption Prevention and Combating Bureau (KNAB), Liepaja Prison and others, Competition Council reported. Generally the 77 construction projects mentioned…
The Uzbek government has plans to implement a $138-million project aimed at improving the water supply system in the country’s extreme southeast Surkhandarya region. According to project details, presented on August 11 to President Shavkat Mirziyoyev, funds were expected to be raised from international financial institutions. They would be used to build a 400 km-long…
Germany will ship large quantities of the AstraZeneca vaccine to five countries in the coming days. Afghanistan will receive 213,600 doses, Ethiopia – 271,200 doses, Sudan – 357,600 doses, Tajikistan – 100,800 doses and Uzbekistan – 355,200 doses, a spokesman for the German federal government has said. Recipient countries are reported to be in dire…
Ukrainian President Volodymyr Zelensky has enacted the National Security and Defense Council’s decision on Ukraine’s economic security strategy until 2025, the President’s Office has reported. Zelensky signed Decree No. 347/2021 “On the decision of the National Security and Defense Council of Ukraine dated August 11, 2021 “On the Economic Security Strategy of Ukraine until 2025″”.…
Inflation will remain above 10% in the third quarter of 2021, but will slow down until the end of the year, according to the NBU press service. “Inflation will reach 9.6% until the end of 2021 and return to its 5% target in H2 2022,” the report reads. Inflation will slow with the arrival of…
The volume of transactions processed by Latvian payment and electronic money institutions, including e-money, has reached EUR 159.7 million, up by 3% YoY, according to data compiled by the Finance and Capital Market Commission (FKTK). The volume of transactions performed by payment institutions remained on the same level of the first half year of 2020,…