Azerbaijan: North-South corridor to help transit cargo transportation growth

The International North-South Transport Corridor will make a significant contribution to increase in cargo transportation through Azerbaijan, the Black Sea Trade and Development Bank (BSTDB) declared. “BSTDB is interested in such infrastructure projects,” the bank said. “The North-South project is a regional initiative covering several BSTDB member-states, which is another reason for BSTDB to support…

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Ukraine: Mriya makes first flight after repair

Ukrainian aircraft An-225 Mriya has made its first flight after repair and modernization. The pilots raised the Mriya to a height of about 12 kilometers, where they tested the plane’s new navigation equipment. “Our designers have implemented another series of improvements in avionics. Such modernization is going on continuously,” Director of Antonov Airlines Mykhailo Kharchenko…

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Armenia: nuclear energy production to grow

Armenia’s nuclear energy production will grow by 10% under the service life extension and modernization program of the second power unit of the nuclear plant, minister of energy infrastructure and natural resources Ashot Manukyan declared on March 21. According to him, the capacity factors of electricity production are currently equally distributed in Armenia. “Nuclear energy,…

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Lithuania: Vilnius Airport launches passenger terminal modernization

Vilnius Airport launched the renovation of the central area of its departure terminal, thus marking the start of a major modernization project at one of its terminals aimed at increasing its capacity and improving passenger service, Lietuvos Oro Uostai (Lithuanian Airports) said. The renovation of the departure hall includes replacing the flooring, engineering systems, partitions…

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Estonia: budget to reach balance by 2020

At a meeting with representatives of the International Monetary Fund (IMF), Prime Minister Juri Ratas (Center) said that Estonia met the objective of medium-term budget balance and according to current plans should reach a balance by the year 2020. At the meeting Ratas introduced the Estonian government’s budget policy as well as activities to support…

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