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Ukraine: construction of new airport announced

In 2019, the construction of a new airport in Dnipropetrovsk region will be launched. "This year, we launch the construction of an airport in Dnipropetrovsk region at the initiative of the government. It is the first airport that will be built since Ukraine has gained the independence. We assume that this airport should be located between the cities of Dnipro...

Ukraine: Deposit Guarantee Fund sells assets of 16 insolvent banks

The Deposit Guarantee Fund last week sold insolvent banks' assets worth UAH 16.87 million, the fund's press service reports. "Last week (January 8-11) the assets of 16 banks, which are in the management of the fund, were sold for UAH 16.87 million," reads the report. In particular, UAH 8.85 million was received from repayment of the fund creditors' claims and UAH...

Armenia: TAROM to connect Yerevan and Bucharest

Romanian flag-carrier TAROM is entering the Armenian market after earlier reports of the company's interest in the country. A presentation celebrating the launch of the airline's activity in Armenia is slated for January 18. Representatives of the General Department of Civil Aviation, the Ministry of Transport, Romania's Embassy in Yerevan, as well as some 80 carriers will attend the event in...

Georgia: new construction regulations come into effect

New technical regulations for the production of cement products, steel frames, electric cables and plastic pipes came into effect on January 15. The updated technical regulations have been based on the best practices of the developed countries of the European Union, says the Technical and Construction Supervision Agency of Georgia. The new construction regulations are part of Georgia's obligations to the...

Kyrgyzstan: National Bank purchases gold for 19.4 billion soms over 7 years

From 2011 to 2018, the National Bank of Kyrgyzstan has bought monetary gold in the amount of 19.4 billion soms on the domestic market, the press service of the bank reported. To replenish the international reserves at the expense of domestic sources, in 2011 the National Bank resumed the purchase of gold on the domestic market for the national currency....

Ukraine: 1.7 million tons of sugar produced since August 30, 2018

Ukrainian sugar refineries have produced 1.69 million tons of sugar since August 30, 2018, when the current sugar production season began with the launch of a sugar refinery in Tomashpil, Vinnytsia region. "As of January 14, some 1.69 million tons of sugar had been produced and 12.46 million tons of sugar beets had been processed," the press service of the...

Ukraine: Czech Airlines to resume flights to Odesa

CSA Czech Airlines will resume flights on the Odesa-Prague route from May 30. According to the press service of Odesa International Airport, from May 30 Czech Airlines flights from Prague to Odesa will be operated twice a week on Mondays and Thursdays. From June 17 a flight on Saturday will be added, and from July 1 - on Wednesdays. The departure...

Uzbekistan: EBRD invests in modern power generation

Power supply in south Uzbekistan will be significantly improved thanks to the construction of the additional generation capacity at existing Talimarjan power plant (TPP) with the help of a up to $240-million sovereign loan provided by the EBRD to JSC Uzbekenergo. The project will be the largest EBRD investment in Uzbekistan to date. The funding will allow the state-owned vertically...

Estonia: Nordica no longer flying to Oslo, Amsterdam and St Petersburg

As announced already in 2018, flag carrier Nordica closed down its Oslo, Amsterdam and St Petersburg routes on January 14. The reduced flight plan leaves the airline with eight direct routes this winter. The destinations still available for direct flights from Tallinn are Stockholm, Vilnius, Copenhagen, Brussels, Kiev, Warsaw, Vienna and Munich, the airline said. Different from previous years, the company...

Lithuania: Small Planet Airlines launches bankruptcy proceedings

Bankruptcy proceedings for the financially stricken Lithuanian airline Small Planet Airlines have been launched, with information from the Center of Registers showing that Vilnius Regional Court initiated them on January 7. Small Planet Airlines CEO Kristijonas Kaikaris said the move was aimed at securing protection from creditors as the company no longer received revenue after the Civil Aviation Administration suspended...