The direct losses to the Ukrainian economy caused by the Russian invasion of Ukraine have already reached about $113.5 billion, according to the KSE Institute at the Kyiv School of Economics (KSE). Maksym Nefyodov, head of reform support projects at the KSE Institute, said this during a nationwide television marathon. “The latest figure for direct…
On August 22, the State Road Administration (ASD) announced the launch of the public tender for the purchase of consultancy services for the technical supervision of the execution of the construction works of the M3 road Chisinau – Comrat – Giugiulesti – border with Romania (bypassing the city of Vulcanesti). The contract is part of…
The Bayraktar drone, crowdfunded by Lithuanians and handed over to Ukraine in July, is already carrying out combat tasks, Defence Minister Arvydas Anusauskas said on August 22. “The Bayraktar UAV Hawk about to perform combat tasks in Ukraine,” Anusauskas wrote on Facebook, posting a photo of the drone. “We cannot give more details, but it…
Poland’s retail sales increased in real terms by 2% YoY and by 1.2% MoM in July, the Central Statistical Office said on August 22. Economists polled by PAP expected July’s retail sales to grow in real terms by 2.7% and by 1.5% respectively. In current prices, retail sales increased by 18.4% YoY in July against…
Lithuania produces three times less electricity than it consumes. One of Europe’s largest electricity generation deficits exacerbates the already soaring electricity prices, experts say. The origins of the issue – December 31, 2009, 22:54. That is when the second reactor of the Ignalina Nuclear Power Plant, which met 70% of Lithuania’s electricity need, was shut…
Turkey-based Southwind Airlines starts operating charter flights from Tbilisi International Airport to Antalya, performing its first flight on August 21, TAV Georgia, the company operating two airports in Georgia, has revealed. The once-a-week flights will be offered on Sundays, by Airbus 321 aircraft, until September 25. Pegasus Airlines, a Turkey-based low-cost airline, is currently operating…
Vilnius’ famed hot air balloon flights may become a rarity, as new more restrictive rules are coming into force in autumn. Regulators say they are necessary to avoid air traffic disruptions, while businesses warn this will be a deadly blow to the city’s reputation as the capital of air balloons. One after another, loud fans…