The Georgian national currency, the lari, has depreciated in value against the US dollar and the euro in recent days, with $1 costing 2.7799 GEL, while 1 EUR costs 3.0954 GEL. Georgian Prime Minister Mamuka Bakhtadze says that “it seems this is a short-term effect and this will be regulated in the nearest future”. Bakhtadze…
According to the information released by Statistics Estonia, in the first quarter of 2019, the total production of Estonian construction businesses in Estonia and foreign countries increased by 2% YoY. Overall construction volumes increased due to work done abroad, as construction volumes on the Estonian market decreased. In the first quarter of 2019, the production…
Deputy CEO for Commerce and Strategic Development at Boryspil International Airport Georgii Zubko says a new hotel is to be built near the airport outside Kyiv, using private investment. “A new hotel complex has been developed for the investor’s money. So, Boryspil Airport won’t spend any funds. Now we are considering the blueprints, they are…
The Ukrainian Horticultural Association (UHA) says prices of greenhouse vegetables, namely cucumbers and tomatoes, have dropped by 20% over the past week. “The decline in prices is associated with improved weather conditions and large supply on the market. Now the prices of cucumbers on wholesale markets are about UAH 15-20 ($0.57-$0.76) per kilogram,” the Association…
Although Uzbek automotive brand Ravon has suspended its activity in Russia, there are signals that it will soon return to the Russian market. “Uzbek cars Ravon can return to the Russian market already this year,” Rashid Temrezov, the Head of Russia’s Karachay-Cherkess Republic, said in a message to local MPs. He noted that cars would…
Lithuanian airline Transaviabaltika is due to continue its route between Tallinn and the island of Saaremaa on June 1. Transaviabaltika had previously serviced the island, flying to Kuressaare airport at the island’s capital, and the route was opened to tender at the end of 2018, ahead of the expiry of the company’s previous contract. The…
In January-March, 3.54 million tons of cargo were transported by rail, up by 8.2% YoY, Azerbaijan Railways CJSC reported. International shipments amounted to 1.82 million tons of cargo, including both export and import. Among the total cargo transportation, transit transportation amounted to 939,100 tons. Domestic shipments amounted to 781,200 tons of cargo. The average daily…