Ukraine’s state and government-guaranteed debt in August shrank by 1.1%, or by $0.86 billion, to $74.85 billion. At the same time, the country’s debt in the hryvnia equivalent increased by 4.2%, or by UAH 91 billion, to UAH 2.117 trillion, the Finance Ministry of Ukraine has reported. Since the beginning of the year the debt…
Estonian ports handled 23.8 million tons of cargo in the first eight months of 2018, up by 2.2% YoY, it appears from data provided by Statistics Estonia. The loading of goods increased by 3.9%, to 16.3 million tons, while unloading declined by 1.3%, to 7.6 million tons. Goods loaded onto ships in August amounted to…
Free trade deal with the US would mean not only recognizing Georgia’s economic potential but also a political step, Prime Minister of Georgia Mamuka Bakhtadze annuonced. He said one of the audit firms out of the big four involving EY, Deloitte, KPMG and PWC, had finished technical and economic feasibility study of the US-Georgia free…
Lithuanian charter airline Small Planet Airlines has turned to a court in Germany, asking for the restructuring of its German subsidiary due to loss-making activity. The company says its expansion plans in Germany failed due to technical problems and flight irregularities. According to Vytautas Kaikaris, CEO of Small Planet Group, financial losses incurred by the…
The EBRD-managed program supporting energy efficiency in Ukrainian homes has reached a milestone of investing over UAH 1 billion (equivalent of over EUR 30 million). More than 30,000 Ukrainian households took out loans from local commercial banks, which participated in the program to invest in green technologies for their homes; of those, over 20,000 projects…
Avangard plans to recover the second position in the list of the world’s largest egg producers, lost as a result of military aggression in Donbas, Oleg Bakhmatyuk, owner of UkrLandFarming (ULF) and Avangard, announced. “Over the past four years we have invested more than $2.2 billion in agricultural assets in Ukraine. We are working to…
The public transport subsidy made available by the Estonian government will increase by EUR 9 million, to EUR 101 million in 2019, it appears from the state budget bill that has received the informal nod from the government. A large portion of the increase can be attributed to the increased subsidization of bus services. Minister…