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Ukraine: Infrastructure Ministry to draft aviation strategy by winter

UkraineBy admin2020-08-13Leave a comment

The Ministry of Infrastructure of Ukraine is currently drafting the aviation strategy and plans to complete it until the end of autumn. “Now we are working on aviation strategy. Soon we will start to promote this process very actively with large consulting companies. I think that by the end of autumn we will have the…

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Georgia: privatization sales bring more than 58 million GEL to state budget in January-July 2020

GeorgiaBy admin2020-08-13Leave a comment

More than 58 million GEL (about $18.80 million or EUR 15.97 million) was brought into the state budget by the sale of state property in the seven months of 2020, the National Agency for State Property reported. The agency noted that according to data for the first two quarters of 2020, the privatization plan was…

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Estonia: consumer spending unchanged in July 2020

EstoniaBy admin2020-08-13Leave a comment

Consumer spending has returned to the levels it was a year ago, at least with bankcard payments, according to SEB bank, fueled in part by a rise in spending on entertainment and tourism after a hiatus during the peak of the COVID-19 pandemic. However, this does not necessarily mean a return to business as usual…

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Kazakhstan: KazRail reports online ticket sales failure

KazakhstanBy admin2020-08-13Leave a comment

Buying train tickets online in Kazakhstan is temporarily unavailable due to a technical failure, the Kazakh Railaways’ press service reports. The company’s statement says ticket sales via bilet.railways.kz as well as online sources are temporarily not available. The company is slowly resuming work of its ticket offices. (Kazinform/Business World Magazine)

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Ukraine: state-owned banks profit down in H1 2020

UkraineBy admin2020-08-13Leave a comment

Ukraine’s state-owned banks turned a profit of UAH 16.2 billion in January-June, down by UAH 3.4 billion YoY, the Ukrainian Finance Ministry’s press service reported. The profit of public sector banks in the first half of 2020 shrank by 17% (UAH 3.4 billion) primarily due to an increase in spending on the formation of banks’…

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Ukraine: consumer prices down in July 2020

UkraineBy admin2020-08-12Leave a comment

In July, consumer prices in Ukraine decreased by 0.6% MoM, according to data provided by the State Statistics Service. Consumer prices in July against June decreased by 0.6%; against December 2019 increased by 1.4%; against July 2019 – by 2.4%. In total, in January-July, consumer prices increased by 2.4% YoY. Core inflation in July was…

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Latvia: government to start working on tax reform next week

LatviaBy admin2020-08-12Leave a comment

No increase of the tax burden as a result of the reform is acceptable, Prime Minister Krisjanis Karins has said after meeting with coalition partners. Karins promised to do everything to ensure the government is able to look at Finance Ministry’s prepared report on possible changes to the tax system, put rumors to rest and…

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Estonia: Tallink holding one-off farm festival September Aland cruise

EstoniaBy admin2020-08-12Leave a comment

Shipping line Tallink is holding a farming-themed one-off cruise to the Aland/Ahvenanmaa islands in September. The cruise mirrors earlier such trips the company has organized to the autonomous Finnish islands, as well as to Saaremaa, and coincides with Aland’s Open Farms weekend on September 18-20. “We have been able to offer more trips to Aland…

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