It is clear there are too many banks for Latvia’s domestic market, said chairman of Finance and Capital Market Commission Peteris Putnins. He admitted that not a single bank present in Latvia worked with just one clientele segment. However, the country’s market is not big enough for them to work as widely as Scandinavian banks,…
DetailsA new local history museum is being constructed in Sairam district of Turkestan region. The project cost totals KZT 86.5 million, the governor’s press service reported. Batyr Tulegenov, the site supervisor, informed that the construction works commenced in August 2018 and were expected to be completed in April. There will be various valuable exhibits telling…
DetailsDeputy Secretary of the National Security and Defense Council (NSDC) Serhiy Kryvonos has said that six months are needed to fully reform State Concern Ukroboronprom, which includes more than 130 state-owned enterprises of the military-industrial complex. Kryvonos said that this was exactly the required term to restart to operation of Ukroboronprom, if the Verkhovna Rada…
DetailsUkrainian SkyUp Airlines has announced it will launch four new regular flights from Odesa to Armenia, Spain, Georgia and Italy. SkyUp Airlines will launch flights from Odesa to Yerevan from May 17. The flights will be performed twice a week on Mondays and Fridays. The lowest price of airline tickets one way is UAH 1,785.…
DetailsIgnalina Nuclear Power Plant (INPP), shut down a decade ago and now being decommissioned, invited bids for the construction of a 100-million euro near surface repository for low and intermediate level short-lived radioactive waste, known as the B25-2 project. The winning bidder will have to build two groups of reinforced concrete vaults for a final…
DetailsAt the instruction of the Head of State, Nursultan Nazarbayev, the Civil Aviation Committee of the Ministry of Industry and Infrastructure Development of Kazakhstan and Air Astana are working round the clock to launch FlyArystan low-cost airline. The ticket sales for the carrier’s commercial flights are expected to start on March 29. “Starting from May,…
DetailsThe state policy of Uzbekistan is aimed at the development of tourism so that this area in the future should become one of the drivers for the accelerated integrated development of the regions and their infrastructure. Tourism development should contribute to the solution of such major social and economic tasks as the creation of hundreds…
DetailsUkraine’s exports of goods amounted to more than $4 billion in January, up by 9.2% YoY, the press service of the Economic Development and Trade Ministry wrote on Twitter. “The positive balance was $ 20.9 million,” the report says. As reported, Ukraine exported goods and services for a total sum of $57.1 billion in 2018,…
DetailsPork bought by Ukraine abroad in the first two months of 2019 was estimated at $7.9 million. Pork imports over the period under review totaled 4,300 tons. Poland was a major supplier of pork to Ukraine: pork worth $4.7 million was bought there. Germany ranks second. In January-February, Ukraine imported pork from Germany to the…
DetailsA Georgia-Japan business forum was held in Tokyo, where Georgian Prime Minister Mamuka Bakhtadze and Economy Minister Giorgi Kobulia introduced Japanese business society to Georgia’s investment climate and business opportunities. Bakhtadze said that Georgia was remarkably attractive for international investments. “Our market is fully open, our economy is liberal and our location is strategic”, said…
DetailsAn auction for placement of 15 million manats worth mid-term bonds of Azerbaijan’s Ministry of Finance will be held at the Baku Stock Exchange (BSE) on March 19. Some 1.5 million securities at a par value of 100 manats each and a maturity period of 1,092 days will be put up for the auction. The…
DetailsWhile no such correlation applies to excise duty on tobacco, increasing the excise duty on alcohol would reduce Estonia’s excise revenue, it appears from the results of an analysis commissioned by the Ministry of Finance and conducted by PricewaterhouseCoopers Advisors (PwC). PwC’s analysis highlights that when making changes to excise duty policy, the state has…
DetailsUkraine’s large and medium-sized plants produced 8.6 thousand tons of mayonnaise in January, up by 1.2% YoY (8.5 thousand tons). In addition, its output hit a three-year high. Taking into account that the Ukrainian mayonnaise market is focused on the domestic consumer, no substantial production growth can be expected now. The market is saturated with…
DetailsThe Latvian airline AirBaltic will resume flights on the route Riga-Odesa-Riga from March 31, Vice Prime Minister for European and Euro-Atlantic integration of Ukraine Ivanna Klympush-Tsintsadze wrote on Facebook. “Latvian airline AirBaltic from March 31 will resume flights on the route Riga-Odesa-Riga. The conference on the renewal of the route was held on March 13,”…
DetailsKyrgyzstan intensifies negotiations on China – Kyrgyzstan – Uzbekistan railway construction project, the President of Kyrgyzstan Sooronbai Jeenbekov said at a meeting with heads of diplomatic missions. Earlier, Foreign Minister Chingiz Aidarbekov said that the route of the railway as a whole was almost approved. The head of state instructed to continue work on construction…
DetailsVienna, Rome, and Prague were the top three in demand directions from Georgia’s Kutaisi International Airport in February, announces United Airports of Georgia. After these three cities come Athens and Memmingen. In total Kutaisi Airport serviced 617,342 passengers in 2018, up by 52.5% YoY. United Airports of Georgia reported that 95% of Kutaisi airport passengers…
DetailsThe European Union Aviation Safety Agency’s (EASA) decision to ban Boeing 373 Max aircraft from its airspace will not directly impact Estonian flights. “Not a single Estonian airline uses this type of aircraft,” Kaupo Toodu, director of the Flight Operations Department of the Estonian Civil Aviation Administration (Estonian CAA). Toomas Uibo, director of marketing and…
DetailsThe State Service of Ukraine for Food Safety and Consumer Protection has received from Hong Kong the requirements for fish and seafood exports. “The State Service received from the competent agency of Hong Kong (Food and Environmental Hygiene Department of the Government of the Hong Kong Special Administrative Region) the requirements for fish and seafood…
DetailsUkrzaliznytsia in 2019 will launch a pilot project for the transfer to concession of Mykolaiv and Khmelnytsky railway stations, chairman of the company Yevhen Kravtsov has said. “We are already launching a pilot project on the concession of two stations, Mykolaiv and Khmelnytsky, this year. We are working to involve the EBRD and the World…
DetailsAkmola region has sent the first batch of beef to Iran. “Astana Agroproduct LLP, situated in Korgalzhyn district, Akmola region, for the first time ever has concluded a contract to deliver meat products to Iran. The company’s meat products conform to the highest Halal standards,” Deputy Governor of Akmola region Marat Igaliyev said. Another batch…
DetailsEnefit Green, the renewables subsidiary of electricity generation company Eesti Energia, has seen a ten-fold increase in its electricity generation, the company reports. Enefit Green produced 124 GWh of electricity from its wind farms in February, ten times more than the previous year and 30% more than the previous month, according to a press release.…
DetailsEconomic results of Kyrgyzstan’s development have been encouraging for the second month in a row. GDP is growing, as is the industry. But the prices, on the contrary, fell slightly. According to the National Statistical Committee of Kyrgyzstan, in January-February, Kyrgyzstan’s GDP amounted to 63,09.3 billion soms, up by 4.9% YoY. In February, the economic…
DetailsOn March 12, Ukraine International Airlines welcomed to its fleet a medium-haul Embraer-195. The plane received the registration number UR-EMG and became the 6th aircraft of the Embraer brand in the UIA fleet. The aircraft accommodates 116 passengers in a two-class cabin configuration, i.e. Business and Economy Class. Therefore, passengers will be able to enjoy…
DetailsThe Ukrainian airline SkyUp is launching flights from Kiev to Yerevan (Armenia), Varna and Burgas (Bulgaria), according to the company’s website. The flights will be operated with departure from Boryspil airport in the Ukrainian capital. Kyiv-Yerevan flights will start from May 17 and will be operated twice a week on Mondays and Fridays. Kyiv-Varna flights…
DetailsLatvian Interior Affairs Minister Sandis Girgens wants to increase wages for the “least paid people” employed in the interior affairs sector. For example, the plan is to equalize the wages of police cadets, which is currently EUR 450, to the lowest wage in the country’s National Armed Forces, which is EUR 520. At the same…
DetailsAs of February 1, the net profit of Ukrainian banks amounted to UAH 5.43 billion, according to the National Bank of Ukraine (NBU).
The banking system revenue for January amounted to UAH 20.18 billion, spending – UAH 14.754 billion and net profit – UAH 5.426 billion. (Ukrinform/Business World Magazine)
Passenger terminal F of the Boryspil International Airport on March 31 will resume its work for 11 discount carriers. According to the airport’s Deputy Director General Yevhen Dykhne, the terminal services 15 or more flights per day, and there are already the necessary number of airlines that can provide them. Ryanair, Laudamotion, Aigle Azur and…
DetailsA new airport is planned to be built in Shaki district in 2022-2023, the Cabinet of Ministers reported. The construction is mentioned in the strategic plan of Azerbaijan Airlines CJSC for 2018-2025. Recently, a new airport has been built in the Gabala district and the airport in the Zagatala district reconstructed. The largest airport in…
Details