Construction of a new international terminal at Almaty Airport with passenger flow traffic up to 6 million will begin on July 1. Construction works will be completed on July 1, 2022. As earlier reported, Turkey’s TAV Airports Holding bought the Almaty International Airport for $415 million. (Kazinform/Business World Magazine)
As of May 15, the annual inflation rate reached 7.5% after rising to 8.6% in April, the Chairman of the National Bank of Kyrgyzstan Tolkunbek Abdygulov reported. According to forecasts of the National Bank, inflationary processes will slow down in the second half of the year. It is planned that the National Bank will work…
The Port of Tallinn entered into an unsecured loan agreement with SEB Bank for up to EUR 20 million, with a term of five years, to develop Tallinn’s Old City Harbor. The base interest rate of the loan is six-month Euribor, plus an interest margin. The loan can be drawn in two payments, the first…
Ukrainian bus carriers are hesitant to resume operations over the government-imposed restrictions on the number of passengers per vehicle, that’s according to ex-MP, transport expert Oleksandr Kava. “The market of bus transportation is that of privately-owned carriers unlike in European countries, where there are municipal monopolies in city and suburban transport,” the expert said. “Accordingly,…
The Deposit Guarantee Fund last week sold insolvent banks’ assets worth UAH 410 million, the fund’s press service reported. “Last week (May 18-22) the assets of eight banks, which were in the management of the Fund, were sold for a total sum of UAH 410.01 million,” reads the report. In particular, UAH 205.20 million was…
According to the information released by Statistics Estonia on May 26, in the first quarter of 2020, the total production of Estonian construction businesses in Estonia and abroad increased by 7% YoY. The construction volume increased in Estonia, but decreased in foreign countries. The production value of Estonian construction businesses amounted to EUR 631 million,…
Economic activity in Armenia shrank by 17.2% YoY in April, data from the National Statistical Service revealed. Economic activity has contracted as a result of a lockdown imposed in mid-March in a bid to curb the Covid-19 outbreak. Though the state of emergency has been extended, most restrictions have been removed. In the reporting period,…