According to data released by Statistics Estonia, in April, Estonia’s exports increased by 4% and imports by 31% YoY. Faster growth in imports contributed significantly to the increase of trade deficit, which reached EUR 542 million in April. In April, Estonia’s exports amounted to nearly EUR 1.6 billion and imports to EUR 2.1 billion at…Details
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The Szczecin and Swinoujscie Seaports Authority SA says it aims to constantly increase the handling of a wide range of cargo through its investments in the port of Szczecin. Thus, it maximizes the potential of the Swinoujscie-Szczecin fairway deepened to 12.5 m. The company has just published an announcement in which it invites those interested…Details
The state enterprise, Railway of Moldova (CFM) will go through a complex reform in the next two years, the Infrastructure and Regional Development Ministry (MIDR) said. According to the institution, the process of reorganization and development of the enterprise’s institutional capacity will be attentively monitored and supervised by a working group, made up of representatives…Details
Introduction of a Port Community System in Georgian ports will improve the management and automation of their facilities and logistics processes, facilitate inter-agency coordination, and significantly reduce administrative requirements and bureaucracy, a feasibility study conducted by an Estonian-German-Georgian consortium has said. The consortium has analysed the benefits Georgia would receive after implementing the PCS, which…Details
In its report published on June 8, the Organisation for Economic Cooperation and Development (OECD) predicted Latvia to experience the most rapid economic growth among Baltic States. OECD predicts Latvia’s GDP may increase by 3.5% this year. Next year Latvia’s economy is expected to grow by 1.6%. The coordinated consumer price index in Latvia, according…Details
Lithuania: additional transport connections and corridor for Ukrainian freight transport to Baltic seaports planned with Poland
On June 6-7, the 3Seas Local Government Congress and the Economic Forum held in Lublin (Poland) discussed the development of the Baltic Sea-Black Sea/Aegean corridor in the new geopolitical context, press center of Lithuania’s Ministry of Transport and Communications said. The development of this corridor to the territory of Lithuania and the cooperation of the…Details
British Ambassador to Ukraine Melinda Simmons has signed a $450-million guarantee out of a $1.5-billion loan from the World Bank to Ukraine. “The UK guaranteed $450 million of a $1.5-billion to Ukraine through a World Bank loan, to support vital public services. The British Ambassador to Ukraine Melinda Simmons signed the guarantee from Kyiv,” the…Details