Uzbekistan is ready to privatize its state airline, but intends keep full control of its gold mines and oil firm, Reuters reported citing one of the country’s top officials. Deputy Prime Minister Sukhrob Kholmuradov said that the country was soon going to announce a deal with the World Bank to help it with a broader…Details
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Irish low-cost airline Ryanair is holding talks with five Ukrainian cities about opening new flights, Ryanair CEO Michael O’Leary said. “We are currently negotiating with five other Ukrainian cities. Maybe we will open our flights there next summer. I think that we will develop in Ukraine very aggressively and quickly increase the pace of our…Details
Prime Minister of Ukraine Volodymyr Groysman says that the introduction of new rules for the privatization of state-owned enterprises will put an end to the shadow component of this process. “The state-owned enterprises of strategic importance will not be sold. Small enterprises will be sold through an electronic auction like ProZorro absolutely openly and transparently,…Details
A new Georgian factory that will produce civil aircraft parts for Boeing, Airbus and Bombardier passenger planes opened in the capital city of Tbilisi on May 10. The construction of the high-tech and modern aviation plant began in September 2016. Production is expected to start by 2020. “The first high-tech factory in the South Caucasus…Details
McDonald’s partnered up with Estonian food delivery service Mychef.ee to begin offering delivery from four of its Tallinn locations last week. Since May 4 customers of the service can order delivery from the four most popular McDonald’s locations in the Estonian capital, and the service pledges delivery in 25 minutes or less within a two-kilometer…Details
The proportion of grey economy in Latvia’s construction sector dropped in almost all field last year. For example, while the proportion of envelope waged in 2016 was 34.6%, last year it dropped to 32.1%, says manager of the Partnership of Latvian Construction Entrepreneurs Baiba Fromane. The proportion of companies that do not declare income has…Details
Sales of electric cars in Ukraine in January-April grew 1.5-fold YoY, to 1,044 units. The rise was due to imports of used cars accounting for 85% of the total sales in Ukraine, according to the Ukrautoprom Association’s press service. The Nissan Leaf model was the most popular electric car in Ukraine over the period under…Details