Kazakhstan: Bek Air flights suspended

Kazakhstan has suspended the Bek Air Company’s flights, the press service of the Kazakh Industry and Infrastructure Ministry reports. The Bek Air plane en route Almaty-Nur-Sultan carrying 95 passengers and 5 crewmembers disappeared from radar screens. It crashed shortly after take-off leaving at least 12 people dead. The President expressed his condolences to the friends…

Kazakhstan: arrangements made with Russian Transneft to supply oil to Belarus

Kazakhstan has come to an arrangement with the Russian oil transport company Transneft on oil deliveries to Belarus, Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Belarus Askar Beisenbayev declared during a press conference held on December 26 on the occasion of Kazakhstan Independence Day. The diplomat said: “There is an agreement that once all the…

Ukraine: state debt up in January-November 2019

Ukraine’s state and government-guaranteed debt grew by 5.8% YoY, or by $4.5 billion, in January-November, to $82.8 billion. The country’s debt in the hryvnia equivalent shrank by 8.2%, or by $177.7 billion, to UAH 1.991 trillion, Ukraine’s Finance Ministry said on its website. State debt in November rose by 1.2% in the dollar equivalent, whereas…

Lithuania: startup scene in 2019

Lithuanian startup ecosystem has matured over 2019 – the number of companies is nearing 1,000, they have attracted more than EUR 166.5 million in investments, and Vinted is to become Lithuania’s first startup unicorn. “Many positive changes occurred, including the establishment of two new accelerator funds, more favorable taxation was adopted, and the concept of…