The Ukrainian side is interested in cooperating with the Export-Import Bank of Korea with the support of the Government of the Republic of Korea in the development of high-speed rail if favorable financial terms of cooperation are offered, minister of Infrastructure of Ukraine Vladyslav Kryklii said at a meeting with representatives of Hyundai Corporation on…
A section of cargo rail track in southwestern Estonia is to be reopened following repair works, largely using European Union funds. The line, which has been closed for two years, runs from Parnu to Lelle, Rapla County, and is primarily needed to transport construction materials for the building of the planned high-speed Rail Baltic link.…
The number of passengers serviced by Ukrainian transport companies in January-September decreased by 54.4% (2.2-fold) YoY, to 37.1 billion passenger-kilometers, according to the data provided by the State Statistics Service of Ukraine. Over the reporting period, 1.90 billion passengers used the services of domestic transport companies, down by 40%. In particular, the number of passengers…
The national airline Nordica is waiting for Polish LOT to approve a contract that will see Estonian company acquire 49% of joint subsidiary Regional Jet, Nordica CEO Erki Urva has announced. Urva said that Nordica hadn’t received the EUR 30 million promised by the state because its precondition was that first, the contract with the…
The government agreed on October 15 to support Nordica’s share capital by EUR 22 million and provide a loan of EUR 8 million to the struggling airline. Minister of Economic Affairs Taavi Aas said the government planned to approve the allocation of funds within a week. The government received permission from the European Commission to…
In January-September, the port of Ventspils handled 9.6 million tons of cargo, down 1.73-fold YoY, with the number of calls having decreased by 16%, to 989, the Port Authority statistics said. In 2019, the port increased its result by 0.8%. This year, the port’s throughput has been decreasing since January. Ventspils port is located near…
Kazakhstan is planning to cut down air communication with Ukraine, the UAE, Germany and Belarus, chief sanitary officer Yerlan Kiyassov has said. During an online press briefing, Kiyassov revealed that the plans would be implemented in the nearest future and were dictated by the worsening epidemiological situation in those countries. The move, in his words,…