Tallink Grupp has announced that its Tallinn-Helsinki route cruise vessel Silja Europa will remain suspended from the route until April 1. During the suspension the vessel will undergo technical repairs before returning to the route and the company’s management has also decided to bring forward the vessel’s technical dry-docking, originally planned for 2023, to carry…
The cargo transit of Belaruskali, one of the world’s largest producers and exporters of potash fertilizers, from the Belarusian border to the Lithuanian port of Klaipeda end at midnight on January 31. It marks the end of the transportation of fertilizers, stopped by US sanctions, that has been growing for more than a decade to…
Georgia’s trade turnover with Turkey in 2021 amounted to $2.1 billion, up by 40% YoY, the National Statistics Office (Geostat) reported. Thus, Turkey remained the top Georgian trade turnover partner over 2021, followed by Russia ($1.6 billion) and China ($1.4 million). Turkey’s share accounted for 15% of the total foreign trade turnover of Georgia in…
Ukraine currently has enough resources to ensure its macroeconomic and macro-financial stability. “Macroeconomic stability is the foundation for economic growth. At present, we have enough resources to ensure macroeconomic and macro-financial stability. There is over UAH 27 billion on the Treasury Single Account, more than UAH 30 billion on foreign currency accounts. The NBU reserves…
Consumer inflation in Ukraine in 2021 reached 10%, the press service of the National Bank of Ukraine (NBU) reported. “In 2021, consumer inflation was 10%. The target of 5% + 1% was exceeded more significantly than expected a year ago. To a large extent, inflationary trends in Ukraine reflected global processes,” the report says. The…
Plans for launching a factory of Stadler Rail, an internationally recognized rail technology company, in Georgia were discussed at a meeting between Georgia’s prime minister Irakli Garibashvili and Stadler Chairman of the Board of Directors of the company. Garibashvili and Peter Spuhler, the interim CEO of the Switzerland-based company, reviewed the possibility of building a…
The state joint-stock company Latvian Railway (LDz) plans to electrify the country’s entire railway network until 2040, as announced by LDz board chairman Maris Kleinbergs at a press conference. He explained that the company was currently working on this project’s financing plan and mechanism. Project cost estimates are also in the works. Initial estimates suggest…