The Connecting Europe Facility (CEF) has allocated EUR 295.5 million for the construction of Rail Baltica, with EUR 47.1 million of that amount earmarked for Estonia. Of the additional funding allocated by Brussels, Latvia will receive EUR 153.5 million, Estonia EUR 47.1 million and Lithuania nearly EUR 94.9 million. Latvia’s Ministry of Transport stated that…
Wizz Air, recognized as the most environmentally sustainable airline across Europe, the Middle East and Africa, is expanding its route network with a new service connecting Varna and Milan Bergamo. The new flights will begin in mid-September and will run twice a week – every Tuesday and Saturday. Tickets are already available for booking through…
Estonia’s government on July 3 rejected an offer from the Latvian Ministry of Transport to purchase a EUR 14-million stake in Latvian airline airBaltic, Minister of Regional Affairs and Infrastructure Kuldar Leis (Reform) said. “We received an offer from the Latvian Ministry of Transport to acquire up to a 10% stake in airBaltic for EUR…
Prime Minister Denys Shmyhal chaired a meeting in Donetsk region to discuss topical issues of the region and areas of support. The event included government officials and the head of the regional military administration (RMA). An important topic raised was the issue of fortifications and the needs of the military. Officials considered the possibility of…
The Government pursues systematic work to create a safe and modern educational environment. This was emphasized by Prime Minister of Ukraine Denys Shmyhal during a session of the Cabinet of Ministers on July 2. He emphasized that as part of the implementation of the state policy in the education sector the Cabinet of Ministers had…
How will Bulgaria’s property market evolve after the switch to the euro? This question concerns homeowners, investors and prospective buyers alike. Typically, euro adoption triggers a surge in demand and price growth, attracting foreign investment. Yet, the currency change’s impact cannot be viewed in isolation; broader economic conditions and interest rate policies are crucial factors.…
On June 30, Slovak travel agency HappyTravel.sk was still selling holiday packages to Egypt and Turkey. Just one day later, on July 1, the company declared insolvency, meaning it could no longer meet its financial obligations. Roman Berkes, CEO of HappyTravel.sk, also stepped down as president of the Slovak Association of Travel Agencies and Tour…