A new Georgian factory that will produce civil aircraft parts for Boeing, Airbus and Bombardier passenger planes opened in the capital city of Tbilisi on May 10. The construction of the high-tech and modern aviation plant began in September 2016. Production is expected to start by 2020. “The first high-tech factory in the South Caucasus…
DetailsMcDonald’s partnered up with Estonian food delivery service Mychef.ee to begin offering delivery from four of its Tallinn locations last week. Since May 4 customers of the service can order delivery from the four most popular McDonald’s locations in the Estonian capital, and the service pledges delivery in 25 minutes or less within a two-kilometer…
DetailsThe proportion of grey economy in Latvia’s construction sector dropped in almost all field last year. For example, while the proportion of envelope waged in 2016 was 34.6%, last year it dropped to 32.1%, says manager of the Partnership of Latvian Construction Entrepreneurs Baiba Fromane. The proportion of companies that do not declare income has…
DetailsSales of electric cars in Ukraine in January-April grew 1.5-fold YoY, to 1,044 units. The rise was due to imports of used cars accounting for 85% of the total sales in Ukraine, according to the Ukrautoprom Association’s press service. The Nissan Leaf model was the most popular electric car in Ukraine over the period under…
DetailsThe Ministry of Finance of Ukraine has attracted to the state budget some UAH 997.897 million at a weekly auction to place domestic bonds. As reported on the ministry’s website, the funds were raised as a result of selling bonds with maturity of 90, 181, 272, 335 and 986 days with an average yield of…
DetailsResponding to a call by regional public transport centers to postpone the implementation of the new public transport regulation by three months, Minister of Economic Affairs and Communications Kadri Simson (Center) said that the appeal included demands, which had already been met and that the centers were given enough time to implement changes. Representatives of…
DetailsAt the beginning of May the number passengers traveling on the St Petersburg – Tallinn and St Petersburg – Riga routes has increased by 18% when compared to the same period of 2017. Half of those passengers traveled from St Petersburg to Tallinn, according to data from Lux Express. The largest number of Russian tourists…
DetailsChina CITIC Bank is interested in buying a Belarusian bank. The idea was discussed as Prime Minister of Belarus Andrei Kobyakov met with a delegation of the Chinese corporation CITIC Group led by President Wang Jiong. According to Andrei Kobyakov, the possibility of buying a share in a Belarusian bank has already been discussed with…
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