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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...

Ukraine: over 720 billion of payments transferred to state budget in 2018

In 2018, UAH 729.4 billion of payments were transferred to the general fund of the state budget, up by 15.2% YoY. The government's press service posted this on its Facebook page. This amount includes UAH 390.6 billion of tax payments and UAH 338.8 billion of customs payments. Thus, the state received important financial resources to implement social and infrastructure projects and fulfill...

Ukraine: low-cost airline to perform flights between Lviv and Odesa

Ukraine's low-cost airline SkyUp plans to perform direct flights between Lviv and Odesa and filed a request for the necessary slots. According to the schedule published on the website of the Odesa airport, flights are to be conducted on Boeing 737-800 aircraft three times a week from June 2. At the same time, SkyUp said that the airline had not yet...

Tajikistan: electricity production to increase

The Tajik Government plans to increase electricity production 2.5-fold in the next 11 years. According to the country's energy sector, until 2030, the country's energy potential will be increased from the current 18 billion to 45 billion kWh per year. This figure will increase the export of environmentally friendly electricity to neighboring countries up to 10 billion kWh through regional power...

Georgia: pharmacies decrease price for anti-flu drug Tamiflu

Leading Georgian pharmacies have decided to decrease the price of anti-flu medicine Tamiflu, the cost of which formerly ranged in 72-99 GEL. Aversi and PSP pharmacies have complied with the request to show solidarity with the public and make the medicine more affordable. Aversi management says that the current price for the medicine is 68 GEL. The same price was named...

Estonia: Centre to expand free public transport

Public transport in Tallinn is currently free for all registered residents of the capital city. The coalition Centre Party, however, intends to expand free public transport in Tallinn to all Estonian residents, part of a broader effort to ultimately provide free transport throughout Estonia. According to Centre Party board member Toomas Vitsut, the time has come to take the decisive...

Ukraine: economic growth in 2019 to reach eight-year high

President Petro Poroshenko has said that Ukraine's economic growth in 2019 is expected to reach about 3.4% of GDP, which is the highest in eight years. "We hope that this year economic growth will be within 3.4% - this is a record figure in 8 years. But it's only the beginning of implementation and results of the reforms being carried...

Ukraine: eggs in shell exports up in 2018

Ukrainian producers in 2018 boosted exports of eggs in shell by 21.3%, to almost 107,500 tons, while shell egg exports in monetary terms increased by 37.1%, to $94.1 million. Imports of eggs in shell in 2018 decreased by 40% in physical terms and by 32% in monetary terms, to 3,400 tons and $13.1 million, respectively, according to customs statistics, published...

Azerbaijan: president allocates funds for road construction in Zardab

Azerbaijani President Ilham Aliyev has signed an Order regarding measures to construct Zardab-Garavalli road in Zardab. Under the presidential order, the Azerbaijan Highway State Agency is allocated 3.9 million manats for the construction of the road connecting six residential areas with a total population of 7,000 people. (AzerNews/Business World Magazine)

Estonia: AS Tallink Grupp throughput down in Q4 2018

In December 2018 AS Tallink Grupp transported 811,261 passengers, down by 0.5% YoY. The number of cargo units decreased by 4.4%, to 27,076 units and the number of passenger vehicles by 3.3%, to 84,814. In the fourth quarter of the 2018 financial year (October - December) AS Tallink Grupp transported 2,251,084 passengers, down by 2.8% YoY. The number of transported cargo units...