The construction of an important part of the trans-Caspian trade road Baku – Tbilisi – Kars railway is nearing completion. Countries of the region and beyond are highly interested in prospects for the launch of a trade cooperation that will be stimulated by this project. One of these countries is Uzbekistan, which is expected to…
The Estonian government has decided to make exceptions in the tax system for the shipping sector and seafarers as well as establish digital information systems, including an e-register for ships accessible to e-residents as well. At the end of August, the government reached an agreement that an exception could be made in Estonia’s previously uniform…
Prime minister Karen Karapetyan said that more flights would be operated from Shirak airport in the northern Armenian town of Gyumri, which would help develop tourism in the city. In a Q&A session at the parliament, Karapetyan was responding to concerns raised by lawmaker from Tsarukyan bloc Vardan Ghukasyan. Ghukasyan who was once the mayor…
The public joint-stock company Ukrzaliznytsia could see over UAH 11 billion of loss from passenger transportation by rail in 2017, Ukrzaliznytsia Chief Financial Officer Andriy Riazantsev said at the presentation of the company’s development strategy. “It is likely that this year we would pass the UAH 11 billion threshold of loss from passenger transportation. These…
In January-August the port of Ventspils handled 15 million tons of cargo, up by 17% YoY. According to the port authority, in August the port handled 152 million tons of cargo (+8%). The growth was mainly driven by the increase in transshipment of coal and cargoes carried by ferries. The number of passengers carried by…
Linda Line, which operates the high-speed catamaran Karolin connecting Tallinn and Helsinki, has canceled its September 11 evening and September 12 departures. According to a notice posted on the ferry operator’s homepage, September 11’s 5 p.m. departure from Tallinn and 7 p.m. departure from Helsinki as well as all September 12 departures are canceled due…
In January-August the Freeport of Riga handled 22,716,500 tons of cargo, down by 4.8% YoY. According to the port authority, coal transshipment climbed by 5.2%, to 8,373,800 tons, oil products dropped by 34.4%, to 3,882,300 tons, wood pellets increased by 15%, to 444,900 tons, and ore by 35.7%, to 365,200 tons. The port’s container throughput…