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Ukraine: Mykolaiv region to receive over UAH 1 billion for road repairs

For the first time in many years, Mykolaiv region will receive over UAH 1 billion from the Road Fund for road repairs, Infrastructure Minister of Ukraine Volodymyr Omelyan said during a briefing in Mykolaiv. "This year over UAH 50 billion from different sources, including UAH 32 billion from the Road Fund, will be provided for the repair of roads in...

Ukraine: Deposit Guarantee Fund continues payments to depositors of Bank National Investments

The Deposit Guarantee Fund has resumed payments to the depositors of PJSC Bank National Investments, the fund's press service reports. "From May 2 the Deposit Guarantee Fund is carrying out payments to the depositors of PJSC Bank National Investments under bank deposit agreements, regardless of their date of termination, and under bank account agreements (including card accounts)," reads the report. According...

Latvia: 21.7% of residents believe electronic transactions help save money

One-fifth of Latvia's residents believe using credit and debit cards to perform purchases helps save money. Only 10.7% are confident that using cash helps the economy, according to information from Ferratum Bank. The survey performed by the bank shows that 37% of Latvia's residents are confident that their expenses do not change regardless of the payment method they use. 39.2%...

Turkmenistan: Turkmenbashi port opens up new opportunities for region’s landlocked countries

Turkmenistan is ready for substantive negotiations on all aspects of cooperation and use of the port of Turkmenbashi, with countries in the region, which have no path to the sea, stated President Gurbanguly Berdimuhamedov, speaking May 2 at the international forum ""The Great Silk Road" - to new frontiers of development" in Avaza. The head of state noted that the...

Kazakhstan: first solar electric plant installed in Mangistau

An opening ceremony of the first solar power plant and laying the foundation of the desalination plant took place on the Unity Day, May 1, in Mangistau, the press service of the governor of Mangistau region reads. The new powerhouse has no analogues countrywide. It is built in Munaily district under the Business Road Map 2020 program. It is 36,05...

Ukraine: Wizz Air launches Lviv-London direct flights

Hungary's low-cost airline Wizz Air has opened new flights from Lviv to London Luton Airport, the press service of Lviv Regional State Administration reported. "In 2008-2009 Wizz Air operated flights to London. But as the passenger traffic was very low, this route was canceled. But the current figures show that this direction has very good prospects. Today, in fact, the...

Ukraine: upgraded combat module Duplet successfully tested

Ukraine's state-owned enterprise Zhytomyr Armored Plant has upgraded the combat module "Duplet", which is intended for the modernization of armored vehicles, and it has passed successful tests, Ukrainian President Petro Poroshenko has reported on his Facebook page. He also noted that Zhytomyr Armored Plant had significantly increased the characteristics of the combat module and equipped it with an improved fire...

Estonia: Nordica introduces flights between Tallinn and Copenhagen

Nordica started operating its new flight connections to Copenhagen on April 30. It will fly to Copenhagen's Kastrup Airport up to 11 times a week. "Our job as an airline is to provide quick, convenient, direct connections for Estonian air passengers to key destinations," Toomas Uibo, Nordica's director for marketing and communication, said. "Adding the Copenhagen route gives passengers the...

Azerbaijan: PASHA Bank to increase loan portfolio

PASHA Bank intends to bring its loan portfolio to 2 billion manats by 2020, Taleh Kazimov, chairman of the Board of PASHA Bank, said at a press conference on May 1. He said that by the same period, it was planned to have increased the value of assets to 5.2 billion manats. Speaking about the results of 2017 for the bank,...

Tajikistan: big grant agreement on improvement of road network inked with ADB

Asian Development Bank (ADB) and the Government of Tajikistan signed a $90 million grant agreement on April 30 for the rehabilitation of a 40-kilometer section of the Dushanbe-Bokhtar road to improve connectivity between two major cities and economic hubs in Tajikistan and enhance the safety of the country's highway network. According to the report, the grant is sourced from ADB's...