Astarta agroindustrial complex, a large sugar producer in Ukraine, saw a 5.2-fold rise in net profit in 2016, reaching EUR 83 million. According to a financial report of the holding posted on the Warsaw Stock Exchange (WSE), its consolidated revenue last year rose by 17%, to EUR 369 million. Operating profit grew by almost 15.2%,…Details
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The National Commission for State Regulation of Energy and Public Utilities has developed a draft law on returning of all gas distributing networks to state ownership, Chairman of the National Commission Dmytro Vovk stated at a commission’s meeting on April 10. “The issue of ownership of gas distributing networks lies beyond the scope of the…Details
U.S. congressmen have voiced support for Latvia’s security and an interest for developing closer cooperation with the country’s ports, as reported by Latvian Foreign Affairs Ministry. On April 9, Latvian Foreign Affairs Minister Edgars Rinkevics met with a delegation of U.S. congressmen led by congressman Bull Shuster to discuss Trans-Atlantic relations, strategic cooperation between Latvia…Details
In the coming months inflation should be around 3% in Estonia as a result of external factors and tax changes, said Kristjan Pungas, analyst at the Ministry of Finance’s Fiscal Policy Department. In March, price levels in Estonia and the eurozone in general were influenced by the increase of energy prices slowing down. “At the…Details
State-owned Estonian airline Nordica carried a total of 41,200 passengers in March in cooperation with strategic partner LOT Polish Airlines, an increase of 57% YoY. During the first three months of 2017, the airline carried over 107,100 passengers, a 67% YoY. Nordica operated 786 regular flights in March, 20% more than in March 2016, to…Details
Corn plantings in Ukraine may total 4.3 million ha in 2017. Corn was the most remunerative staple cereal crop in 2016, keeping farmers interested in its cultivation. However, the spring weather conditions cause some concerns about attainability of the target sown area. As of April 6, Ukraine has not yet started corn sowing. At the…Details
Continuing investments in the renewal of its bus fleet, Ecolines has bought ten new buses using funding from Swedbank. The company has bought five Setra S431DT and five Man R08. The new buses will be used for runs to Western Europe, Baltic States and internal runs within Latvia. All buses are fitted with ergonomic seats.…Details