According to a recent analysis commissioned by Startup Estonia and the Estonian e-Residency program, almost one third of Estonian start-ups have been founded by e-residents. Most of those startups focus on business software development and FinTech solutions. Head of Startup Estonia, Eve Peeterson, believes that Estonia attracts international talent primarily thanks to its innovative digital…
Uzbekistan’s Tashkent region is set to deliver $1.7 billion worth of products until the end of the year. During the first half of the year, it produced goods amounting to some $724 million. The Tashkent region intends to ramp up the implementation of new projects, support for low-power or idle enterprises, effective use of empty…
Revenues from wine exports in Georgia reached $125 million in July, up by 9% YoY, the National Wine Agency reported. The amount of exported wine has increased by 12%. The dynamics of export growth in the strategic markets of Georgian wine is maintained: Poland – 28% (3.26 million bottles), China – 7% (3.14 million bottles),…
Ukraine’s low-cost carrier Bees Airline will launch regular flights to Samarkand (Uzbekistan) from August 30, the company’s press service reports. Flights will be operated on Mondays on Boeing 737-800 aircraft. Ticket price starts at UAH 4,261. Bees Airline was registered at the end of 2019. In March, it received an operator’s certificate from the State…
Prime Minister of Ukraine Denys Shmyhal discussed bilateral cooperation, integration into the European Union and accession to the European energy network ENTSO-E with Prime Minister of Moldova Natalia Gavrilita during a telephone conversation. The cooperation in the integration of the energy systems of Ukraine and Moldova into the ENTSO-E was as successful as cooperation in…
Silk Way West Airlines, an Azerbaijani cargo airline, will launch cargo flights from the US city of Chicago to the Georgian capital of Tbilisi and Azerbaijani capital of Baku, Georgian Economy Minister Natia Turnava has announced. She said that this was a positive fact for the Georgian economy. “First, it is important that cargo flights…
Imports grew by 49% YoY in the second quarter of 2021, while exports grew by almost as much, by 41%, the state agency Statistics Estonia said. The year-on-year figure for June alone was 45% (imports) and 26% (exports), while overall imports of EUR 1.7 billion was a record figure. Evelin Puura, lead analyst at Statistics…