RB Rail AS, the joint venture overseeing the planned high-speed Rail Baltic link across Estonia, Latvia and Lithuania, has signed an agreement, which will bring it an additional EUR 1.1 billion from the European Cohesion Fund. This comes on top of co-financing from all three countries. The pan-Baltic states’ project has secured funding for construction…
Warsaw Metro will hand over to Kharkiv three subway trains, which totals 18 cars, as humanitarian aid, the Kharkiv City Council reports on Facebook. “The Executive Committee of the City Council made a decision on organizational measures to cooperate with the Warsaw Metro,” the report reads. As reported by Oleksandr Miroshnychenko, acting chief of the…
The combination of active and passive protection of energy infrastructure facilities will reduce risks in case of Russian massive attacks. The relevant statement was made by Ukrainian Prime Minister Denys Shmyhal at a meeting of the Cabinet of Ministers of Ukraine. “It will be challenging, but Ukraine will endure,” Shmyhal said. In his words, with…
The European Bank for Reconstruction and Development (EBRD) will provide financial support for the modernization of the railway infrastructure in the Republic of Moldova. Members of the Economy, Budget and Finance Parliamentary Committee on October 18 approved the report for the draft law that provides for the ratification of a loan agreement. The EBRD will…
“Lukoil” has started a procedure for the sale of the oil refinery in Burgas, Finance Minister Asen Vassilev has said in an interview with the British newspaper “Financial Times”. According to him, Lukoil’s decision to part with its largest refinery in Southeast Europe is due to government pressure on Russian companies. “There is probably an…
Losses caused by extreme heat hitting Warsaw could double within 50 years, a report by the Polish Economic Institute (PIE) has claimed. The PIE report, entitled “The impact of climate change on the Polish economy on the example of selected provincial cities”, analysed the effects of a heat wave that hit Warsaw in 2015 and…
In late September and early October, the number of cash registers installed by entrepreneurs increased significantly, Danylo Hetmantsev, the chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy, announced. “We have not yet seen the first results (of inspections of the procedure for conducting settlement operations, which started on October 1), but…