The housing loan portfolio of Lithuania’s banks grew more than in any other eurozone country this year, showing signs of overheat, said central bank chief Gediminas Simkus. A correction in the housing market could shake the country’s financial system. Between January and September, Lithuanian banks issued 50% more in housing loans than over the same…
In October, passenger turnover at Riga International Airport comprised 351 thousand passengers, up 3.9-fold YoY and by 5.1% MoM. This is the second largest number of passengers at airport since the beginning of pandemic in March 2020. However, compared to October 2019 before the pandemic, when there were 705.2 thousand passengers, the drop comprises 50.2%,…
There were three offers made for the Tallinn public transport firm Tallinna Linnatranspordi AS (TLT) tender to procure 23 new trams. The city hopes to enter into a contract no later than in the beginning of 2022. TLT board chairman Deniss Borodits said there were three offers made for the tender – tram manufacturers CAF,…
President Shavkat Mirziyoyev set a goal to increase the capacity of solar and wind power plants in Uzbekistan to 8,000 MW until 2026, presidential press service has reported. Nearly $6 billion worth of components and materials will be needed to build new solar and wind power stations. The head of the state instructed to develop…
Drought caused reduction of grain harvest by 38% in the republic, but a grain shortage should not be expected, the Minister of Agriculture of Kyrgyzstan Askarbek Dzhanybekov announced at a briefing in Bishkek. “Harvest of food grains, including seeds and feed wheat, barley dropped by 38%. But this will not influence the physical volume of…
Ukraine expects domestic rail and water transport to be included in the priority chains of product supplies to the European Union within the framework of the European Green Deal, Deputy Prime Minister for European and Euro-Atlantic Integration of Ukraine Olha Stefanishyna has said during a press conference on the results of international climate negotiations for…
In January-October, milk production in Ukraine decreased by 6% YoY, to 7.528 million tons, the Association of Milk Producers (AMP) reported. “This was due to a significant drop in production by private households,” the association said, adding that the ratio of industrial and milk production by private households over the reporting period totaled 30.6% to…