Lithuania: Vilnius adopts 2019 budget

The City Council of Vilnius has adopted the Lithuanian capital’s budget for 2019, with expenditure exceeding revenue by 5 million euros. The city’s revenue is expected to grow by 3.5% this year compared with 2018, to 611.717 million euros. Total revenue, including EU support and funds carried over from last year, is projected at 679.4…

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Ukraine: foreign exchange reserves at $21 billion

The international foreign exchange reserves of Ukraine amount to more than $21 billion, President of Ukraine Petro Poroshenko said at the All-Ukrainian Public Forum “Open Dialogue” in Kyiv. “In 2014-2015, the level of foreign exchange reserves amounted to $5 billion, and payments amounted to $7 billion. The threat of Ukraine’s bankruptcy seemed inevitable. Today, the…

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Estonia: Nordica passenger numbers up in 2018

The number of passengers carried by Nordic Aviation Group AS, Estonia’s national airline operating under the Nordica brand, increased by 22% YoY, to 760,000 in 2018. Nordica route network manager Mart Sibrik said that 680,000 passengers, representing the lion’s share thereof, flew on the Tallinn route network, while the remaining passengers were served on domestic…

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