Infrastructure Minister Vladyslav Kryklii has said the international air travel may fully resume from 2023. This year Ukraine might reach half of the 2019 passenger traffic volume. Kryklii noted in 2020 Ukraine saw less than a third (28%) of the passenger traffic it had in 2019. At the same time, the minister adds, expectations and…
According to a study by Oxford Research Baltics, the losses the aviation industry suffered in 2020 compose 19.4% of the total expected GDP decline in Latvia. However, the total influence, including indirect and induced effect, reaches 43% of the total GDP decline, as reported by Latvian Aviation Association. Estimates form Oxford Research Baltics showed that…
Despite the Covid-19 pandemic, film industry in Lithuania reported record-setting investments in 2020, the Lithuanian Film Centre said. Swedish TV series were among the biggest productions. International film producers spent almost 27 million euros in Lithuania last year, up from 15 million euros in 2019. Meanwhile Lithuanian producers raised 11.3 million euros from local companies…
Houses for orphans will be built in Bishkek, Acting Mayor of Bishkek, Balbak Tulobaev, has told at a meeting. According to him, at a meeting with the president elect Sadyr Japarov, the city authorities were instructed to build a multi-storey house for orphans. “Sadyr Japarov said that he would find the money. We will build…
In 2020, Ukrainian exports to the Socialist Republic of Vietnam (SRV) increased by 92%, to $184.5 million. The countries agreed to resume work on a free trade agreement (FTA), Deputy Minister of Economic Development, Trade and Agriculture – Trade Representative of Ukraine Taras Kachka wrote on his Facebook page following a meeting of the Ukrainian-Vietnamese…
Ukraine in 2020 reduced foreign currency revenue from electricity exports by 25.9% against 2019, to $280.8 million. Hungary bought some 46.3% of Ukrainian electricity sold abroad ($130 million), while the share of Poland was 30.2% ($85 million) and that of Romania – 17.7% ($49.7 million), according to Ukraine’s State Customs Service. Electricity exports to other…
On January 25, Japanese credit rating agency R&I maintained Latvia’s credit rating at A-level with a stable future outlook, the State Treasury reported. In spite of the negative effect from Covid-19 pandemic, which caused a massive decline for Latvia’s economy in 2020, the agency claims the framework of economic growth is not affected and it…