Georgia: market fully open

A Georgia-Japan business forum was held in Tokyo, where Georgian Prime Minister Mamuka Bakhtadze and Economy Minister Giorgi Kobulia introduced Japanese business society to Georgia’s investment climate and business opportunities. Bakhtadze said that Georgia was remarkably attractive for international investments. “Our market is fully open, our economy is liberal and our location is strategic”, said…


Ukraine: AirBaltic to resume Riga-Odesa flights

The Latvian airline AirBaltic will resume flights on the route Riga-Odesa-Riga from March 31, Vice Prime Minister for European and Euro-Atlantic integration of Ukraine Ivanna Klympush-Tsintsadze wrote on Facebook. “Latvian airline AirBaltic from March 31 will resume flights on the route Riga-Odesa-Riga. The conference on the renewal of the route was held on March 13,”…


Kyrgyzstan: negotiations with China on railway construction intensified

Kyrgyzstan intensifies negotiations on China – Kyrgyzstan – Uzbekistan railway construction project, the President of Kyrgyzstan Sooronbai Jeenbekov said at a meeting with heads of diplomatic missions. Earlier, Foreign Minister Chingiz Aidarbekov said that the route of the railway as a whole was almost approved. The head of state instructed to continue work on construction…


Ukraine: UIA welcomes first Embraer 195

On March 12, Ukraine International Airlines welcomed to its fleet a medium-haul Embraer-195. The plane received the registration number UR-EMG and became the 6th aircraft of the Embraer brand in the UIA fleet. The aircraft accommodates 116 passengers in a two-class cabin configuration, i.e. Business and Economy Class. Therefore, passengers will be able to enjoy…


Ukraine: SkyUp Airlines launching 3 flights

The Ukrainian airline SkyUp is launching flights from Kiev to Yerevan (Armenia), Varna and Burgas (Bulgaria), according to the company’s website. The flights will be operated with departure from Boryspil airport in the Ukrainian capital. Kyiv-Yerevan flights will start from May 17 and will be operated twice a week on Mondays and Fridays. Kyiv-Varna flights…


Ukraine: banks post over UAH 5 billion in net profit in January 2019

As of February 1, the net profit of Ukrainian banks amounted to UAH 5.43 billion, according to the National Bank of Ukraine (NBU).

The banking system revenue for January amounted to UAH 20.18 billion, spending – UAH 14.754 billion and net profit – UAH 5.426 billion. (Ukrinform/Business World Magazine)