As of August 1, the share of non-performing loans (NPLs) in Ukraine’s banking sector increased to 30%. The relevant statement was made by the National Bank of Ukraine (NBU) on Telegram. According to the NBU, the amount of NPLs rose by UAH 24.2 billion in July. (Ukrinform/Business World Magazine)
Air transport activities will be carried out under increased safety conditions. The Cabinet of Ministers approved on September 1 a regulation setting technical requirements and administrative procedures on air operations, the government’s communication and protocol department reported. The project aims to set up a single regulatory framework in the air operations, which includes both technical…
Lithuanian President Gitanas Nauseda said that he would rather see the government subsidise energy costs than raise defence spending to 3% of GDP in 2023, if there were not enough money for both. “We must set our priorities very clearly: if our financial and macroeconomic situation allows it, I’d say that both priorities should be…
Poland’s seasonally adjusted unemployment rate remained unchanged at 2.6% in July from the previous month, Eurostat, the EU’s statistical office, reported on September 1. The unemployment rate in the eurozone countries, according to seasonally adjusted data, went down to 6.6% in July against 6.7% in June. According to Poland’s Central Statistical Office (GUS), Poland’s unemployment…
Mariam Kvrivishvili, the Georgian Deputy Minister of Economy and Sustainable Development, met representatives of the Hungarian budget airline Wizz Air on September 1 in Tbilisi to discuss plans for the next year and prospects for additional flights to Georgia, the Economy Ministry said. Stressing the “successful and strategic” cooperation with the airline, particularly over the…
Lithuanian Railways (LTG) said on September 3 it received advance payments for 2.5-million-euro-worth of Russian transit freight shipments to and from Kaliningrad, meaning that it would continue to transport goods to and from the exclave for around three weeks. Further transit shipments between mainland Russia and its Kaliningrad region will depend on whether LTG’s customers…
North Macedonia has become the first Energy Community Contracting Party to donate emergency energy equipment to Ukraine. “Six electricity transformers given in-kind by the distribution system operator Elektrodistribucija DOOEL, a daughter company of EVN North Macedonia, were delivered to Ukraine,” reads the press release of the Energy Community. “We are grateful to North Macedonia and…