CEO of Ukraine’s largest state-owned international airport Boryspil Pavlo Ryabikin says that signing contract with Europe’s largest low-cost carrier Ryanair will inflict UAH 2 billion, or $77 million, annual losses. “We determine that our risk zone is about UAH 2 billion of lost revenue, and this is in conditions when we have to invest UAH…Details
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The average price rate in Latvia comparing June 2016 to June 2017 has increased by 3% as products got 2.6% more expensive, services – by 4%, calculated the Latvian Central Statistical Bureau. The statisticians found that compared to June 2016, last month the greatest pressure on the price changes was put by the rise in…Details
In January-June the port of Ventspils handled 12.4 million tons of cargo, up by 23% YoY. According to the port authority, transshipment of Ro-Ro cargo grew by 22%. In the reporting period, Kalija parks handled 175,000 tons. The number of passenger carried by Ventspils- Nynashamn line grew by 30%, to 21,700 passengers. Ventspils port is…Details
A new freight train will connect eastern China’s Jiangxi Province and Uzbekistan. The train loaded with steel coils, garments and daily items, valued at $1.8 million, departed from Chinese city Ganzhou on July 7 and is expected to arrive in Tashkent 12 days later. This train is a part of China-Europe railway route. More than…Details
Eurasian Development Bank (EDB) expects that Belarus’ GDP will go up by 1.3% YoY in 2017, EDB’s July macroeconomic review says. “The economic recovery trend in Belarus continues. In January-May, the country’s GDP rose by 0.9% as against the same period of 2016. We expect that the positive tend will persist, and Belarus’ GDP will…Details
President of Turkmenistan Gurbanguly Berdimuhamedov signed a decree on reorganization of certain banks in the country, the Turkmen government said in a message. At a government meeting, the Turkmen president gave concrete instructions to the management of the country’s Central Bank. Also, a decree was signed on the transfer of rights and obligations on the…Details
Ukraine has increased gas inventories in underground storage by 47.3% since the end of the heating season, according to operational data from Ukrtransgaz. The inventories amounted to 11.929 billion cubic meters on July 8, up from 8.1 billion cubic meters on March 22. The current inventories are up by 21.5% YoY (9.821 billion cubic meters),…Details