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Ukraine: Turkey’s Onur to repair 40 km of Kyiv-Odesa highway

UkraineBy admin2020-05-05Leave a comment

The State Agency of Automobile Roads of Ukraine (Ukravtodor) has announced its intention to overhaul 40 km of the M-05 Kyiv-Odesa road at the expense of funds from international financial organizations, and Onur Taahhut Tasimacilik Insaat Ticaret Ve Sanayi A.S. (Turkey) has been determined as the contractor with a contract signed for the amount of…

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Ukraine: Ukravtodor to receive second tranche of loan under state guarantees in June 2020

UkraineBy admin2020-05-04Leave a comment

The State Agency of Automobile Roads of Ukraine (Ukravtodor) plans to receive the second tranche of the loan under state guarantees in June. “We depend on construction plans, but the next tranche will be in June,” Ukravtodor Head Oleksandr Kubrakov said. He noted that on April 30, Ukravtodor received the first tranche of the loan…

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Georgia: EUR 75 million to be invested in modernization of Tbilisi metro

GeorgiaBy admin2020-05-04Leave a comment

The European Bank for Reconstruction and Development (EBRD) and the Green Climate Fund (GCF) will provide a EUR 75-million sovereign loan to modernize Tbilisi’s metro network in Georgian capital city. The EBRD will allocate EUR 65 million, while the GCF will provide EUR 10 million, which will be spent on the acquisition of 40 modern…

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Latvia: two more flights from Amsterdam to be performed by airBaltic

LatviaBy admin2020-05-04Leave a comment

Following a request from Latvia’s Transport Ministry, airBaltic airline will perform flights to and from Amsterdam on May 11 and 12 to carry employed persons back to Latvia and ensure other employed persons are able to reach their workplaces in other EU member states. Each flight will carry up to 141 passengers, the airline reports.…

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Kazakhstan: PM inspects development of projects in Shymkent and Turkistan

KazakhstanBy admin2020-05-04Leave a comment

During his working trip, Prime Minister Askar Mamin inspected the construction of transport and socio-cultural infrastructure in the cities of Shymkent and Turkistan. In Shymkent, the head of government was informed about the construction progress of the new passenger terminal of the international airport with a capacity of 2,000 passengers per hour, planned to have…

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Ukraine: operating banks profit up in Q1 2020

UkraineBy admin2020-05-04Leave a comment

Operating banks in Ukraine in January-March posted UAH 15.974 billion, or $592 million, in profit, up by 23.8% YoY. The banks’ revenue for this period increased by 12.6%, to UAH 65.343 billion ($2.4 billion), and expenses grew by 9.4%, to UAH 49.369 billion ($1.8 billion), the National Bank of Ukraine said on its website. Data…

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Ukraine: Donbasenergo net profit up in Q1 2020

UkraineBy admin2020-05-01Leave a comment

PrJSC Donbasenergo, an electricity generating company, in January-March saw UAH 58.03 million in net profit, up 26.4-fold YoY. According to a company report in the information disclosure system of the National Securities and Stock Market Commission, its net revenue over the period grew by 1.3%, to UAH 1.587 billion, while gross profit fell by 17.35,…

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Latvia: construction costs up in March 2020

LatviaBy admin2020-05-01Leave a comment

Compared to February, the level of construction costs in Latvia grew by 0.1% in March. Prices of building materials increased by 0.5%, but labor remuneration of workers, as well as maintenance and operational costs of machinery and equipment – reduced by 0.4%, according to the latest data from the Central Statistical Bureau of Latvia. In…

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