More than 50 investment and trade projects from across the C8 countries are on the table at the Carpathian Economic Forum – in oil and gas, energy, infrastructure and culture – worth a combined total of over EUR 1 billion, Prime Minister of Ukraine Sergii Koretskyi has announced. “The next step is to move ahead…
Production of Hubert, Slovakia’s best-known sparkling-wine brand, will move to the Czech Republic until the end of the year, ending 74 years of production in Sered. Hubert J.E. will close its factory in the western Slovak town and transfer production to sister plants in Stary Plzenec and Mikulov. About 60 employees will be affected. Some…
Irish low-cost carrier Ryanair plans to double the number of passengers it carries in the Baltic region over the next five years, seeking to capitalise on a planned reduction in operations by Latvia’s national airline airBaltic. Ryanair said it aimed to offer 11 million seats annually in Lithuania, Latvia and Estonia until 2031 and increase…
Azerbaijan should provide the possibility of a railway connection between Armenia and Iran through the territory of Nakhichevan, Iranian Ambassador Extraordinary and Plenipotentiary to Armenia Khalil Shirgholami said on September 17 at a conference on TRIPP. The ambassador said Iran had supported Armenia’s Crossroads of Peace project, stressing that the initiative should provide connectivity not…
The Ministry of Economy and Environment of Ukraine, in constant dialogue with business, is working on solutions that will promptly help enterprises continue their work and recover after Russian attacks. In response to the request of entrepreneurs, the Government has already introduced a package of support for businesses that suffered as a result of shelling.…
Massive Russian attacks on warehouse infrastructure have complicated the logistics of supplying certain categories of food, but have not created a threat of food shortages in Ukraine. Production remains stable, and business is adapting logistics and moving from large warehouse centers to a more extensive network of smaller warehouses. This was stated by the Minister…
The European Union introduced a EUR 3 customs duty on low-value e-commerce imports from third countries at the beginning of July. The change, primarily aimed at packages containing cheap goods from China, is already producing rather surprising results. The first data on packages from China show a significant drop in the number of orders in…