Cabinet of Ministers has agreed to invest up to EUR 250 million into airBaltic base capital, Prime Minister Krisjanis Karins has announced after the government meeting. Transport Minister Talis Linkaits explained after the meeting that this decision would help increase the state’s share in the company to 91%. This investment will be coordinated with the…Details
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Qatar Airways, the state-owned flag carrier of Qatar, is expected to return to the Georgian air market in July. The airline has developed a schedule for the resumption of the flights scheduled for June-August and suspended due to COVID-19. Within the current schedule, Qatar Airways will resume operating flights to Georgia from July 1 and…Details
Lithuania-owned carrier Transaviabaltika, which operates flight connections between Tallinn and Estonia’s two largest islands, Saaremaa and Hiiumaa, has resumed flights following general lifting of travel restrictions, the company says. “Based on a decision by the Road Administration (Maanteeamet), we reopen the Tallinn-Kardla-Tallinn and Tallinn-Kuressaare-Tallinn routes,” said Transaviabaltika spokesperson Rene Must. The flight timetable in place…Details
SOCAR Energy Ukraine, a subsidiary of the State Oil Company of Azerbaijan, will finance the construction of a service hub for Ukrainian citizens at the Chongar checkpoint of entry and exit, the press service of the Ministry of Infrastructure has reported. According to the Ministry of Reintegration of temporarily occupied territories of Ukraine, the hub…Details
Lockdown measures to battle the coronavirus pandemic will cause Ukraine’s economy to shrink by 1% in the first quarter of 2020 and by 10.9% in the second quarter, a Reuters monthly poll of analysts said. The government has forecast that the country’s gross domestic product will shrink by about 5% overall this year and the…Details
The construction works of the third Armenia-Iran power transmission line are expected to be completed in 2020, minister of territorial administration and infrastructures Suren Papikyan, who also serves as the chairman of the Armenia-Iran joint inter-governmental commission, said during a Q&A session in the Parliament. Touching upon the ongoing projects between Armenia and Iran, the…Details
The European Commission predicts that Lithuania’s gross domestic product (GDP) will contract by 7.9% this year due to the Covid-19 pandemic. However, the country’s economy should rebound and grow by 7.4% next year, the Commission said in its Spring 2020 Economic Forecast. According to the Commission, the heaviest blow to Lithuania’s economy will be dealt…Details