Latvia’s grey economy proportion was 20.3% of GDP last year. It is 1% higher in comparison with 2015, according to results of the data from the Grey Economy in Baltic States 2009-2016 study. The most common signs of grey economy in Latvia are undeclared income (42.1%), envelope wages (40.2%) and unregistered employees (17.7%). In Lithuania,…
In January-April the port of Ventspils handled 9.5 million tons of cargo, up by 25% YoY. According to the port authority, transshipment of Ro-Ro cargo grew by 26%, to 143,000 tons. Kalija parks handled 140,000 tons, Ventspils Nafta – 3.4 million tons, Eurohome Latvija – 367,000 tons. In April the port’s throughput surged by 60%…
A new airline will be set up soon in Ukraine, which is expected to compete with the Ukraine International Airlines (UIA), Ukrainian Infrastructure Minister Volodymyr Omelian said. “I hope that another airline will be set up in Ukraine this year, which will become a worthy competitor to the UIA. In this case, we will regain…
Belarusian road construction companies have been invited to participate in building a motorway in Turkmenistan. Deputy Prime Minister of Belarus Anatoly Kalinin made the statement after the session of the Belarusian-Turkmen intergovernmental commission on economic cooperation in Minsk on May 10. Anatoly Kalinin said: “We have agreed to advance our cooperation in transportation by rail…
Belarus may be involved in the construction of the second potash mining factory in Turkmenistan, Deputy Prime Minister of Belarus Anatoly Kalinin said during the session of the Belarusian-Turkmen commission on economic cooperation on May 10. The deputy prime minister reminded that the Garlyk mining and processing factory was commissioned in Turkmenistan a short while…
President Emomali Rahmon visited the site for construction of the Roghun hydroelectric power plant (HPP) in order to get acquainted with the pace of construction works, according to the Tajik president’s official website. About 75% of work on filling the stone-and-gravel mixture has been completed and the process of installation of two units is underway,…
The National Commission for Energy, Housing and Utilities Services Regulation (NCER) has permitted uniting all physical gas transport system (GTS) entry points from a gas producer into one virtual point. The decision is outlined in the NCER resolution No. 615 dated April 28, published in the Uriadovy Kurier newspaper on May 10. According to the…