A EUR 20.6-million deal has just been signed between the Road Administration (Maanteeamet) and private sector firm Nordecon AS, which will see a new viaduct traffic junction constructed at Vao in the eastern Tallinn district of Lasnamae. The work is scheduled for completion by the end of next year, and will include smart systems and…
President Kassym-Jomart Tokayev has assigned to work out an economic growth rehabilitation package by May 11. “The government and National Bank will have elaborated the economic growth rehabilitation package by May 11 to support the worst-hit industries. The country embarks on a brand new stage of its development. We will live in a new reality…
Despite the embargo on commercial passenger flights, Ukraine International is operating cargo flights delivering medical supplies and humanitarian relief shipments. Since April 13, Ukraine International has operated eleven cargo flights from China to Ukraine, Italy, Israel, Poland, France and Germany. The carrier expects to operate another ten humanitarian flights in the next two weeks. The…
More than UAH 80 billion will be allocated for road repair in 2020. This is an unprecedented amount preserved in the updated State Budget of Ukraine. “During a working visit to Zakarpattia region the Head of Government of Ukraine Denys Shmyhal emphasized that along with the overhaul of roads of national importance the priority for…
The owner of the French listed company Bleecker, Philippe Michel Bucheton, will build a new business building at Tuukri 1a at the start of Reidi Road in Tallinn. Demolition work has begun on the plot, replacing several warehouse buildings. The detailed plan approved in 2008 states a six-story building can be built on the plot…
The COVID-19 pandemic and the slump in commodity prices will affect the inflow of remittances to Georgia, as some of the key remittance-sending countries such as Italy, Russia and the United States, have been strongly impacted, says the World Bank. “Remittances are an important source of income for households in Georgia and the COVID-19 shock…
An international airport in Turkestan is being constructed near the village of Shaga, 35 km from Turkestan. The construction is carried out by an investor – Turkistan International Airport LLP. The contractor is the Turkish company YDA Group. Currently, 341 people and 106 pieces of equipment are involved in the process of construction. 90% of…