Increased electricity bills are eating away at the stocks entrepreneurs have managed to save up during the coronavirus crisis. Bakeries say that rising energy, raw material and labor prices will eventually lead to higher product prices. Sports club and waterpark Reval Sport is on a stock exchange price contract for electricity and board member Aldur…
The Lithuanian State Defense Council decided on January 10 that the country should buy multiple launch rocket systems (MLRS) earlier than planned. The announcement comes amid tensions in the region over Russia’s military buildup near Ukraine’s borders. “It was agreed to push forward the plans to procure MLRS together with the neighbouring Baltic countries,” Darius…
Georgia’s initiate towards Turkey to expand its pharmaceutical market for this country’s medicine is a reasonable and timely step, Business Association of Georgia (BAG) says. As Georgia’s PM Irakli Garibashvili said on January 10, this initiative would help reduce the prices of medicine on the market as well as allow for inflow of high-quality drugs…
An industrial park with five chemical industry facilities and a waste sorting line will be set up in Kharkiv region. “The Valky Town Council initiates the creation of the “Land and Water” industrial park with a total area of 23 ha. To this end, an investment project to build a waste sorting line and plants…
In 2021, PJSC Ukrhydroenergo paid UAH 6.8 billion in taxes, fees and other obligatory payments to the budgets of all levels. “The company, as the largest budget-generating state-owned company, in 2021 paid taxes, fees and other mandatory payments to the budgets of all levels in the amount of UAH 6.8 billion with a target of…
Uzbekistan’s State Asset Management Agency (SAMA) intends to sell 99.7% in the share capital of JSC Kokand Biohim, the country’s largest producer of ethyl alcohol. The leading consultant for this transaction is the international company Deloitte. Founded in 1993, JSC Kokand Biohim produces 4,020 thousand dekaliters per year. Along with the production of alcohol, the…
The number of passengers handled at Riga Airport exceeded 2.35 million in 2021. This means an increase of 17% when compared to 2020, whereas when compared to 2019, the number of passengers dropped by 70%. London, Tallinn, Frankfurt, Kyiv and Amsterdam were the most popular destinations from Riga in 2021. Last year, the national airline…