Lithuania produces three times less electricity than it consumes. One of Europe’s largest electricity generation deficits exacerbates the already soaring electricity prices, experts say. The origins of the issue – December 31, 2009, 22:54. That is when the second reactor of the Ignalina Nuclear Power Plant, which met 70% of Lithuania’s electricity need, was shut…
Turkey-based Southwind Airlines starts operating charter flights from Tbilisi International Airport to Antalya, performing its first flight on August 21, TAV Georgia, the company operating two airports in Georgia, has revealed. The once-a-week flights will be offered on Sundays, by Airbus 321 aircraft, until September 25. Pegasus Airlines, a Turkey-based low-cost airline, is currently operating…
Vilnius’ famed hot air balloon flights may become a rarity, as new more restrictive rules are coming into force in autumn. Regulators say they are necessary to avoid air traffic disruptions, while businesses warn this will be a deadly blow to the city’s reputation as the capital of air balloons. One after another, loud fans…
The National Food Agency of Georgia has sealed 2.5 tons of meat at the Batumi produce market, with the Agency revealing on August 22 the move had followed violations of sanitary regulations, identified by professionals. Conditions of meat storage and sale at the relevant facilities were checked in the monitoring, with the state body saying…
Viada LT, a Lithuanian petrol station chain operator, has said it will terminate its station management contract with Amic Lietuva (formerly known as Lukoil Baltija), if reports about the group’s links with Russia are confirmed. Ukraine’s Economic Security Bureau has recently opened an investigation into Amic Energy amid allegations of possible tax evasion, alleging that…
The National Bank bought $197.8 million and sold $122.43 million on the interbank foreign exchange market throughout last week. As a result of forex interventions, from August 15 to 19, the NBU bought $197.8 million on the interbank currency market. At the same time, the regulator sold $122.43 million. In total, since the beginning of…
For the sake of business mobility in the conditions of martial law, on September 1, an eVidriadzhennia (Business trip) will be launched. Today, the Government has endorsed a resolution that allows the introduction of this service in an experimental format. One can go on a business trip abroad for a period of up to 7…