Northeastern Estonia-based shale oil producer Viru Keemia Grupp (VKG) lost in court in an oil shale dispute against state-owned energy group Eesti Energia and the Estonian Competition Authority. Tallinn Administrative Court decided not to satisfy a claim filed by VKG AS and VKG Oil AS regarding the termination of a supervision proceeding. The Estonian Competition…Details
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Annual consumption of alcohol in Estonia declined to 9.9 liters of absolute alcohol per adult resident in 2016, it appears from an annual review presented at a conference of the National Institute for Health Development (NIHD). According to the same data, published in the yearbook titled “Alcohol Market, Consumption and Harms in Estonia 2017,” 11.1…Details
Latvian national airline, airBaltic, plans to launch Riga-Almaty flights next year. “I can now say that starting next year airBaltic will fly through Almaty. I think it will be a direct flight between Riga and Almaty. This year, we have obtained new Bombardier CS 300 aircrafts. Besides, nearly 60 direct flights connect Latvia with other…Details
The Central Bank of Azerbaijan (CBA) will hold a deposit auction on November 6 to raise funds, the CBA said on November 2. CBA is ready to receive 100 million Azerbaijani manats from banks, with interest rate on deposits varying from 10.01% to 14.99%. The auction will be held on the Bloomberg trading platform. The…Details
PJSC Severodonetsk Azot (Luhansk region) has resumed production of ammonium nitrate, the company’s website reports. “We have renewed work on the entire technological chain – from accepting ammonia to obtaining mineral fertilizers. And we’ve renewed the work of power units and two technological departments: production of nitric acid and production of ammonium nitrate. The mineral…Details
First Deputy Prime Minister and Economic Development and Trade Minister Stepan Kubiv has said that Ukraine is interested to increase exports of goods to Canada. In a post on his Facebook page, he wrote: “With my colleague Minister of International Trade of Canada Francois-Philippe Champagne we discussed new opportunities for trade. A total of 154…Details
Estonia retained its position as 12th among 190 countries in the latest edition of the World Bank’s Doing Business rankings published on October 31. “As Minister of Finance, I am pleased to see that the World Bank has deemed Estonia to deserve 14th place in ease of paying taxes – this is definitely recognition for…Details