Ukraine: passenger traffic down in Q1 2020

The number of passengers serviced by Ukrainian transport companies in January-March decreased by 16.3% YoY, to 19.6 billion passenger-kilometers, according to the data provided by the State Statistics Service of Ukraine. “In January-March, the passenger turnover of transport enterprises amounted to 19.6 billion passenger kilometers, or 83.7% of the volume of January-March 2019,” reads the…

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Latvia: voucher system would do for air travel

A system should be adopted for air travel that would provide customers vouchers instead of money for cancelled flights, said Latvian Transport Minister Talis Linkaits during a meeting of the Cabinet of Ministers. On April 21, the government supported Economy Ministry’s position in talks with European Union (EU) representatives that during the crisis caused by…

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Ukraine: large- and medium-sized enterprises post $15.5 billion in pre-tax profit in 2019

Large- and medium-sized enterprises in Ukraine received UAH 422.235 billion, or $15.5 billion, in profit before tax in 2019, up by 26% YoY. Financial performance of Ukraine’s profitable enterprises grew by 10%, to UAH 596.284 billion ($21.9 billion), while that of loss-making companies shrank by 15%, to minus UAH 174.050 billion ($6.4 billion), according to…

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