Following adoption of restrictions during COVID-19 pandemic, passenger transports by train have declined by 40-50% when compared to the same period of 2019, Pasazieru vilciens board chairman Rodzers Janis Grigulis has declared. Trains were half-empty in April, the situation was better in May and the number of passengers carried in June improved considerably. Grigulis says…Details
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Active and target-oriented work is currently underway to develop “green energy” in Karaganda region, a representative of the regional akimat (administrative center) has said. The official said that the overall renewable energy generation volume in the region amounted to 54 million kWh in Q1 compared to 22 million kWh in Q1 2019. The official also…Details
The bus operator FlixBus (Germany) resumed operations in Ukraine on separate international routes from June 25. According to the company’s press service, tickets are already on sale for trips from Kyiv via Zhytomyr, Rivne, Lviv, Uzhgorod to Krakow, Budapest, Vienna and more than a dozen German cities, and from July 3 green branded buses will…Details
The Ukrainian banking sector has successfully weathered the first wave of the coronavirus crisis, but banks must be prepared for the negative medium-term consequences, according to the National Bank of Ukraine (NBU). “The Ukrainian banking sector faced the coronavirus pandemic crisis in good shape and with sufficient safety margin. The new crisis has not caused…Details
Public transport services of Almaty city will be replenished with 167 new buses until the end of the year. According to the city administration, in 2019, the city’s public transport services’ rolling stock purchased 450 buses – 260 by the public fleets and 190 by private fleets – including 260 gas-powered buses, 180 diesel buses…Details
The National Bank of Georgia (NBG) has cut the refinancing rate by 0.25%, to 8.25% in order to ensure price stability after monitoring developments in the economy and financial markets of Georgia. The NBG said that in May annual inflation stood at 6.5% and according to the NBG forecast, inflation would continue to gradually decline…Details
In May, actual unemployment rate in Latvia constituted 9.6%, up by 0.4% MoM. Unemployment rate registered by the State Employment Agency (SEA) accounted for 8.4%, up by 0.4%. Unemployment rate has also increased when compared to May 2019 – actual unemployment rate by 3.3% and registered by 2.3%, according to data from the Central Statistical…Details