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Ukraine: Deposit Guarantee Fund sells assets of 16 insolvent banks

UkraineBy admin2019-01-16Leave a comment

The Deposit Guarantee Fund last week sold insolvent banks’ assets worth UAH 16.87 million, the fund’s press service reports. “Last week (January 8-11) the assets of 16 banks, which are in the management of the fund, were sold for UAH 16.87 million,” reads the report. In particular, UAH 8.85 million was received from repayment of…

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Armenia: TAROM to connect Yerevan and Bucharest

ArmeniaBy admin2019-01-16Leave a comment

Romanian flag-carrier TAROM is entering the Armenian market after earlier reports of the company’s interest in the country. A presentation celebrating the launch of the airline’s activity in Armenia is slated for January 18. Representatives of the General Department of Civil Aviation, the Ministry of Transport, Romania’s Embassy in Yerevan, as well as some 80…

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Georgia: new construction regulations come into effect

GeorgiaBy admin2019-01-16Leave a comment

New technical regulations for the production of cement products, steel frames, electric cables and plastic pipes came into effect on January 15. The updated technical regulations have been based on the best practices of the developed countries of the European Union, says the Technical and Construction Supervision Agency of Georgia. The new construction regulations are…

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Kyrgyzstan: National Bank purchases gold for 19.4 billion soms over 7 years

KyrgyzstanBy admin2019-01-16Leave a comment

From 2011 to 2018, the National Bank of Kyrgyzstan has bought monetary gold in the amount of 19.4 billion soms on the domestic market, the press service of the bank reported. To replenish the international reserves at the expense of domestic sources, in 2011 the National Bank resumed the purchase of gold on the domestic…

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Ukraine: 1.7 million tons of sugar produced since August 30, 2018

UkraineBy admin2019-01-16Leave a comment

Ukrainian sugar refineries have produced 1.69 million tons of sugar since August 30, 2018, when the current sugar production season began with the launch of a sugar refinery in Tomashpil, Vinnytsia region. “As of January 14, some 1.69 million tons of sugar had been produced and 12.46 million tons of sugar beets had been processed,”…

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Ukraine: Czech Airlines to resume flights to Odesa

UkraineBy admin2019-01-15Leave a comment

CSA Czech Airlines will resume flights on the Odesa-Prague route from May 30. According to the press service of Odesa International Airport, from May 30 Czech Airlines flights from Prague to Odesa will be operated twice a week on Mondays and Thursdays. From June 17 a flight on Saturday will be added, and from July…

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Uzbekistan: EBRD invests in modern power generation

UzbekistanBy admin2019-01-15Leave a comment

Power supply in south Uzbekistan will be significantly improved thanks to the construction of the additional generation capacity at existing Talimarjan power plant (TPP) with the help of a up to $240-million sovereign loan provided by the EBRD to JSC Uzbekenergo. The project will be the largest EBRD investment in Uzbekistan to date. The funding…

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Estonia: Nordica no longer flying to Oslo, Amsterdam and St Petersburg

EstoniaBy admin2019-01-15Leave a comment

As announced already in 2018, flag carrier Nordica closed down its Oslo, Amsterdam and St Petersburg routes on January 14. The reduced flight plan leaves the airline with eight direct routes this winter. The destinations still available for direct flights from Tallinn are Stockholm, Vilnius, Copenhagen, Brussels, Kiev, Warsaw, Vienna and Munich, the airline said.…

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