Gas under the contract formula with Gazprom updated by the Stockholm arbitration will be cheaper for NJSC Naftogaz Ukrainy than that bought in Europe, however, due to Gazprom’s position on gas supplies to uncontrolled territories in Donbas, there are doubts about the resumption by the Russian company of supplies to the Ukrainian company, Naftogaz Head…Details
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Development of small and medium-sized enterprises (SMEs) plays one of the most important roles in the development of the Azerbaijani economy, Deputy Economy Minister Sahib Mammadov declared in Baku on December 26. He was speaking at an event dedicated to establishment of cooperation between SMEs and the Center for Simplified Support for Family Business (ABAD).…Details
The trade between Russia and Belarus will reach $26 billion in 2017, Belarus’ Ambassador to Moscow Igor Petrishenko. “This year the trend of economy recovery and growth is observed both in the Russian Federation and also in the Republic of Belarus. The primary indicator is the level of economic relations, the level of trade. It…Details
The recently signed convention with Ireland on the avoidance of double taxation shall facilitate the expanding of Kazakhstan’s flag carrier’s route network. This was announced by the country’s Deputy Minister of Finance Kanat Baedilov during the meeting of the Finance and Budget Committee of the Senate on December 26. The meeting discussed the draft law…Details
Hungarian low-cost carrier Wizz Air intends to launch new London-Lviv flights from May 1, 2018, not September 1 as previously announced, according to the renewed airline reservation system. The company has confirmed this information. The flights will be performed three times a week. In London, the flights will be carried out from Luton airport located…Details
Low-cost airline Wizz Air has postponed the launch of flights from Kyiv to Lisbon, Portugal, and Tallinn, Estonia, by two months: from April 19 to June 21, 2018. Air’s call center confirmed this information, however, it did not mention the cause behind the decision. In addition to the postponement of the launch of the new…Details
The lower house of the Tajik parliament ratified the financing agreement under the project “Nurek HPP Rehabilitation, Phase 1” on December 24. The agreement was signed between the Republic of Tajikistan and the International Development Association (IDA) in June. “IDA will allocate $225 million for the implementation of this project, of which $57 million as…Details