Turkish Airlines has extended the cancellation of flights to and from Ukraine until August 31 inclusive, as well as to and from certain destinations in Belarus and Russia. “Our flights to and from Ukraine have been cancelled until August 31,” reads the announcement on the carrier’s website. As noted, passengers who have tickets for flights…
Poles purchased a record amount of bonds worth PLN 14.72 billion (EUR 3.05 billion) in June, the Finance Ministry announced on July 13. The total surpassed the previous record of PLN 2.4 billion (EUR 497 million) set in May. “In June, the sales of treasury savings bonds reached a record high,” Deputy Finance Minister Sebastian…
Georgia exported $439 million worth of goods in June, up by 25% YoY, preliminary data from the National Statistics Office of Georgia showed. The update has not included detailed data on the types of goods exported or re-exported last month, with figures on external merchandise trade to be published on July 19. Imports grew by…
European power grid network ENTSO-E would connect to the Baltic States’ grids within 24 hours if the three countries were disconnected by Russia, the Lithuanian power grid operator Litgrid said. “If Russia disconnects us, even today, we would be ready,” Litgrid CEO Rokas Masiulis told a news conference on July 13. When asked whether a…
The Civil Aviation Authority (AAC) of Moldova has issued an administrative act, thereby cutting the number of authorizations issued for the Fly One air company. Deputy Prime Minister, Infrastructure and Regional Development Minister Andrei Spinu made statements to this effect on July 13. “Thus, 23 out of 38 authorizations were suspended till the situation were…
The negative influence of euro’s weakness exceeds positive aspects. Additionally, the low euro exchange rate could contribute to inflation even though it is not the biggest factor contributing to price growth, according to bank analysts. SEB Bank macroeconomic expert Dainis Gaspuitis said companies focused on export outside Eurozone were the ones to benefit the most…
Over the past two months, the price of the raw material used to produce rapeseed oil has decreased by nearly EUR 200 per ton, or up to one third. Rapeseed oil prices on store shelves, however, won’t be following suit. According to Talis Raak, head of purchasing at Rimi, the retail price of cooking oil…