Latvia: finance sector’s development council supports prohibition of shell companies

Latvian Prime Minister Maris Kucinskis’ managed Finance Sector’s Development Council supported initiative on prohibiting shell companies, as confirmed by the prime minister. “We have reached an agreement on prohibition of shell companies in Latvia,” said Kucinskis, adding that the government planned to review this matter on April 3, and the Saeima – on April 8.…

Azerbaijan: North-South corridor to help transit cargo transportation growth

The International North-South Transport Corridor will make a significant contribution to increase in cargo transportation through Azerbaijan, the Black Sea Trade and Development Bank (BSTDB) declared. “BSTDB is interested in such infrastructure projects,” the bank said. “The North-South project is a regional initiative covering several BSTDB member-states, which is another reason for BSTDB to support…

Ukraine: Mriya makes first flight after repair

Ukrainian aircraft An-225 Mriya has made its first flight after repair and modernization. The pilots raised the Mriya to a height of about 12 kilometers, where they tested the plane’s new navigation equipment. “Our designers have implemented another series of improvements in avionics. Such modernization is going on continuously,” Director of Antonov Airlines Mykhailo Kharchenko…