The Georgian Infrastructure Ministry on August 10 said the China Road and Bridge Corporation, the contractor company for a road rehabilitation project in the Guria region, had been fined GEL 1.7 million ($629,664) for failing to fulfill the terms of the deal on three sections of the road. The statement came in response to a…
Russia has already exhausted the limit for the transit of some sanctioned goods through Lithuania to and from Kaliningrad, so they are no longer transported by Lietuvos Gelezinkeliai (Lithuanian Railways, LTG), the country’s state-owned railway company says. “The averages of some commodity codes for iron and steel, wood products, fertilisers, ethylene glycol, as well as…
In June-July, the Republic of Moldova exported a record amount of cherries compared to previous years – over 14 thousand tons, at the same time accessing new markets, the US Agency for International Development (USAID) announced. The evolution of the sector is due to the efforts of agricultural producers and investments in new varieties and…
The CEO of PKO BP bank, Poland’s largest lender, has quit her job. Iwona Duda has held the post since January. Her resignation was effective from August 9, the bank said in a statement. No reason was given for Duda’s departure. At the same time, Pawel Gruza has been appointed as PKO BP bank’s deputy…
A ban on transporting Russian coal and solid fuel through the EU came into force on August 10 under the EU’s fifth sanction package. However, the ban is subject to an exception in Lithuania under the European Commission’s clarification. A limited amount of sanctioned products can be transported by rail between mainland Russia and the…
According to the draft law No. 7644 on amendments to the 2022 State Budget, tabled in the Verkhovna Rada, expenditures will be increased by UAH 270.2 billion, of which UAH 269.5 billion will go to security and defense. That’s according to the Verkhovna Rada press service, citing Danylo Hetmantsev, head of the Committee on Finance,…
Turkey’s Baykar Makina has already set up its own company in Ukraine, purchased a plot of land, developed a project for a Bayraktar UAV production plant and intends to implement the project in Ukraine, Ukraine’s Ambassador to Turkey Vasyl Bodnar has said. “The plant will be built. A week ago, the government approved a bilateral…