Fitch Ratings has upgraded Ukraine’s Long-Term Foreign-Currency Issuer Default Rating to CC from RD (restricted default). As the agency explained, the upgrade followed the execution of consent solicitation on August 11 to restructure external debt. “Near $6 billion of principal and interest on Ukraine’s Eurobonds has been deferred by 24 months, alleviating external debt servicing…
A total of 710 businesses have been relocated in Ukraine since the relocation program was launched, and 500 of them have already resumed operation. The relevant statement was made by Ukrainian Economy Deputy Minister Oleksandr Hryban during a nationwide telethon. “Today, we have registered 1,796 requests from businesses. 710 enterprises have already been relocated, and…
Estonian and Latvian ministers met in Tartu on August 16 to discuss transport connections between the countries, including a train connection between Tartu and Riga and Rail Baltic. Minister of Economic Affairs and Infrastructure Riina Sikkut (SDE) and Minister of Transport Talis Linkaits met in Estonia’s second city and agreed connections between Tartu and Riga…
An economic slowdown is to be expected in the second half of the year, the Polish Economic Institute (PIE), a government think-tank, said on August 17 citing the latest figures from the Central Statistical Office (GUS). Poland’s statistical office GUS reported the country’s GDP grew by 5.3% YoY in the second quarter against 8.5% in…
Tbilisi International Airport in the Georgian capital serviced 1,515,988 passengers in the first seven months of 2022, while the number stood at 313,036 for Batumi International Airport, TAV Georgia, the operator of the two facilities, announced on August 17. In the reporting period, the number of passengers increased by 121.56% YoY for Tbilisi Airport, while…
A tanker has taken 15,000 tons of Ukrainian sunflower oil out of Klaipeda, according to Bega, a stevedoring firm operating at the seaport. The cargo was loaded last week and is one of the largest Ukrainian shipments to depart from Klaipeda, Aloyzas Kuzmarskis, Bega’s board chairman, said on August 16. “This tanker is unique as…
Member in EU Parliament Siegfried Muresan announced that the Republic of Moldova received 75 million euros of European support in the context of the energy crisis. “The European Commission transferred 75 million euros to the Republic of Moldova as budget support, considering the difficult energy situation the country was facing,” the official writes. The European…