Latvia: charter flights to China to commence in 2018

Saeima speaker Inara Murniece hopes charter flights between Latvia and China will commence next year. “It would be a major impulse for economic development and tourism. Latvia and China have established a good political dialogue, and we are prepared for more active cooperation in trade, investments and transport fields,” Murniece said on April 12, during…

Latvia: Transport Ministry invites Kyrgyzstan to use advantages of special economic zones

On April 12, a meeting of the joint Latvian-Kyrgyzstan transport work group was held in Transport Ministry. At the end of the meeting, the two sides signed an agreement for closer cooperation between the two countries in transport, transit, logistics and aviation. During the meeting, the two sides presented development trends, planned projects, and discussed…

Russia: throughput of Neva-Metal flat in Q1 2017

In January-March Neva-Metal CJSC (stevedoring company of Severstal) handled about 800,000 tons of cargo, which is close to the result of January-March 2016, the company reported. Container handling totaled about 23,000 TEUs. CJSC Neva-Metal is a part of a transport division of Severstal Russian Steel of Severstal Group. Neva-Metal specializes in transshipment of containerized and…

Azerbaijan: UAE to boost trade exchange

The existing economic cooperation level between the United Arab Emirates (UAE) and Azerbaijan doesn’t reflect the true potential of the two countries, UAE Minister of Economy Sultan bin Saeed Al Mansouri declared. Al Mansouri made the remarks on the eve of the 6th meeting of the UAE-Azerbaijan Joint Commission on Economic, Commercial and Technical Collaboration…

Latvia: 120,000 people use payment cards for purchases

For everyday transactions, residents use contactless payment cards. 120,000 people in Latvia use them, Swedbank representatives declared. Swedbank data shows – 80% of all payment cards renewed by clients are contactless cards. In total, there are more than 4,800 trade locations that offer transaction options for owners of contactless payment cards, and their number increases…

Ukraine: government approves attraction of external advisor to upgrade state-owned banks reform strategy

Ukraine’s Cabinet of Ministers, under a proposal of the Finance Ministry, has approved the attraction of an external advisor who will advise the ministry in upgrade of the strategy for reforming state-owned banks. The decision was made by the government on April 12. “Implementing clause 13 of the memorandum (signed by Ukraine and the International…