Ukraine’s vineyard plantations have reduced by 14,000 hectares since 2014. The relevant statement was made during a round table meeting dedicated to the issues of winegrowing and wine production in Ukraine, which was held with the involvement of the Ukrainian Agrarian Policy and Food Ministry. In the course of the meeting, the participants noted a…
The Monetary Policy Council (RPP), the Polish central bank’s rate-setting body, has kept the reference interest rate at 6.75%. The National Bank of Poland’s Lombard rate remained at 7.25%, the rediscount rate at 6.80% and the discount rate at 6.85%, the RPP announced after its sitting on March 8. The RPP also left the deposit…
The energy block No. 3 of the Termoelectrica heating supply enterprise has been put into operation, after a period of four months. More works were carried out during the energy block’s standing, included the repeated capital repair, re-setting of the system of cooling of the electric generator, project’s coordination, works of supervision and diagnosing the…
Future plans, including the possibility of starting the construction of the Kempinski hotel in Georgia, were discussed on March 7 by Georgian Prime Minister Irakli Garibashvili and Bernold Schroeder, the Chief Executive Officer of the Kempinski Group. At the meeting as part of his official visit to Germany, Garibashvili emphasised the investment opportunities and “favourable”…
Ukraine’s State Property Fund has already held 81 privatization auctions this year and attracted UAH 1 billion from private investors. Some 65% of the funds have already been transferred to the state budget. “The first billion hryvnias is a signal to businessmen that our country, despite the war, is an attractive place for investment. New…
The Ukrainian Finance Ministry will soon prepare a draft of amendments to the state budget for 2023. Minister of Finance Sergii Marchenko said this during a discussion entitled “Will the Ukrainian economy be able to grow in 2023?”. “Yes, of course, it’s a matter of time and volume. Now it’s a necessity. That’s why we…
LOT Polish Airlines will add four additional weekly scheduled flights between Vilnius and Warsaw from March 28. “The route between Vilnius and Warsaw is important for both business and holiday travellers,” Tomas Zitikis, head of aviation services at Lithuanian Airports, said. “The airport of the Polish capital is an important aviation hub with many connecting…