The National Bank of Ukraine (NBU) plans to carry out inspections in 45 banks in 2020, the press service of the central bank has reported. “The list of financial institutions subject to scheduled inspections in 2020 includes 45 banks,” reads the report. Also, from July 1 the National Bank will start on-site inspections of non-bank…Details
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Cabinet of Ministers has approved an action plan to reform rail transport, which envisages the preparation of JSC Ukrzaliznytsia for an initial public offering (IPO) and the opening of the rail transportation market, according to Infrastructure Minister Vladyslav Kryklii. “The preparation of Ukrzaliznytsia for an IPO and the opening of the rail transportation market are…Details
As Estonia organizes the renovation works of its national library expected to cost 1.3 million euros, Associations of Architects have called for the termination of the contract with a design bureau over perceived incompetence. The Association of Architects and the Association of Interior Architects have called for the procurement contract given to Sirkel & Mall…Details
The delivery of German Boxer infantry fighting vehicles (IFVs) to Lithuania is running behind schedule due to faults identified during the quality control process. The first two Boxers were delivered to Lithuania last June. Another 15 IFVs were due to have arrived by the end of 2019. However, the vehicles have not reached Lithuania yet.…Details
Kazakhstan has suspended the Bek Air Company’s flights, the press service of the Kazakh Industry and Infrastructure Ministry reports. The Bek Air plane en route Almaty-Nur-Sultan carrying 95 passengers and 5 crewmembers disappeared from radar screens. It crashed shortly after take-off leaving at least 12 people dead. The President expressed his condolences to the friends…Details
Vinnytsia region has completed sugar-refining season with the lowest figures in four years. In total, six refineries produced 331 thousand tons of sugar, down by 93 thousand tons YoY. Even with such a significant decline, the region remains the leader in sugar production in comparison with other beet-growing areas of the country. This spring the…Details
Ukrainian Infrastructure Minister Vladyslav Kryklii has stated that the ministry intends to increase the share of low cost airlines in the Ukrainian aviation market to 45% in 2020 and to 63% in consecutive years. “We will make every effort so that air travel for Ukrainians to become as common as travel by bus or train,”…Details