The state railtrack company Eesti Raudtee estimates the freight capacity for the ongoing year to stand at 12.5 million tons, up by 1 ton from 2020. In January, the freight volume on Estonian railroads reached 1.2 million tons, up by 32% YoY. According to Eesti Ruadtee commercial director Arthur Raichmann, a similar trend should continue…
In January, the Freeport of Riga handled 1.7 million tons of cargo, down by 20.3% YoY. According to the port’s statistics, handing of grain increased by 42.3%, to 275,000 tons, coal handling fell by 99%, to 4,000 tons, chemicals – by 16.1%, to 102,200 tons, ore – 99,600 tons (no handling in January 2020), wood…
The central bank of Uzbekistan has imposed sanctions on 15 domestic banks, the organization’s press service reports. These include Agrobank, Peoples’ Bank, Mikrokreditbank, National Bank, etc. The regulator said it imposed sanctions as several employees of banks had refused to process customer payments with plastic cards. They did not use terminals and did not cash…
Trade between Ukraine and Turkey in 2020, despite pandemic restrictions and slowdowns, remained at pre-pandemic levels and amounted to about $5 billion, Ukraine’s Ambassador to Turkey Andrii Sybiha said at the first constituent meeting of the Ukrainian part of the Ukrainian-Turkish Chamber of Commerce and Industry. “Last year’s turnover was about $5 billion. We have…
The Cabinet of Ministers of Ukraine has approved the budget of the Pension Fund of Ukraine for 2021, the press service of the Social Policy Ministry reports. “At a government’s meeting on February 17, the budget of the Pension Fund of Ukraine for 2021 was approved by a resolution of the Cabinet of Ministers,” reads…
Estonian pensioners have withdrawn more than 112 million euros from their second pillar pension fund since the new rules came into force on January 1. Money withdrawal from the second pillar is subject to a 20% income tax, but this drops to 10% for those over 60 this way discouraging younger people from taking the…
The Swiss Government has contributed 2.5 million Swiss francs to boost United Nations World Food Programme (WFP) of support to vulnerable Kyrgyz families hit hard by the impact of the COVID-19 pandemic. WFP will use the funds for cash assistance to 80,000 people who will work in community assets creation or skills training programs designed…