Banks in Latvia are well prepared to overcome the COVID-19 crisis, chairperson of the Finance and Capital Market Commission (FKTK) Santa Purgaile has said. “Banks are in financially good health to overcome this crisis,” said the head of FKTK, adding that banks were strong and their liquidity was good. At the same time, Purgaile admitted…Details
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Traveler numbers in Tallinn Airport in October were down to a tenth of what they were in 2019 with the number of flights from Estonia also down drastically, having reached a third of pre-crisis levels. In addition, air traffic services are set to lay off a quarter of their employees until year’s end. Recent increases…Details
Kazakhstan is now working towards restoration of bilateral traffic between the ports of Atyrau and ports on the Volga River – Astrakhan and Volgograd, Vice Minister of Industry and Infrastructure Development of Kazakhstan Berik Kamaliyev has announced at a plenary session of the Senate. According to Kamaliyev, bilateral traffic between Atyrau, Astrakhan and Volgograd ports…Details
In January-October, local budgets of Zakarpattia region received more than UAH 5 million in tourist tax payments, down by 20% YoY. “In 10 months, local budgets of Zakarpattia region received UAH 5.1 million in tourist tax payments, down by 19.7%,” the Tourism and Resorts Department of Zakarpattia Regional State Administration reported on Facebook. (Ukrinform/Business World…Details
SkyUp Airlines is expanding its international program from regions. Thus, flights to Istanbul from Lviv and Odesa will open from December 18. “Flights will be operated on Mondays and Fridays. The plane arrives at the new Istanbul airport,” the airline’s press service reports. Ticket sales are already open. (Ukrinform/Business World Magazine)Details
On November 5, Latvian-Russian border will be opened for energy imports from Russia to Baltic States,the transmission system’s operator Augstsprieguma tikls (AST) reports. This decision was made, considering that on November 3, Astravyets NPP became operational in Belarus and Lithuania decided to close the Belarusian-Lithuanian border for imports of energy from third countries to Baltic…Details
Prime Minister Juri Ratas and representatives of startups discussed foreign workers, how they should be welcome in Estonia and labor legislation. Ratas (Center) said startups and the IT sector more broadly had enormous growth potential and a focus on offering high value-added products. “As almost a quarter of the staff in this sector are foreigners,…Details