Nibulon, one of Ukraine’s largest grain production and trading companies, will receive a 71 million euros loan to help improve its infrastructure as part of a 600 million euros loan package announced by the European Investment Bank (EIB) on December 19. The financing will foster a multi-scheme investment at Nibulon focused on creating a more…
Freeport of Riga Authority says 33.3 million tons of cargo was handled at Riga port during 11 months of the current year, down by 8.6% YoY, while total cargo turnover decrease compared to last year continues to decline. November has been successful for the port of Riga in coal segment – 1.1 million tons of…
According to the Regulations of the Cabinet of Ministers winter navigation in all Latvian ports begins on December 15, and ends on April 15, says Freeport of Riga Authority. The decision on ice navigation opening at the Port of Riga and the Gulf of Riga, as well as on the necessity to employ icebreakers is…
In the course of a quadruple meeting with participation of Azerbaijani Railways Head Javid Gurbanov, Kazakhstani Railways President Kanat Alpysbayev, Turkish Railways CEO Veysi Kurt and Georgian Railways Chairman Mamuka Bakhtadze, the parties discussed the development prospects of the Trans-Caspian international transport route, issues of increasing freight traffic along this route and optimization of tariffs.…
The European Bank for Reconstruction and Development (EBRD) is providing a loan of up to EUR 8 million to Kremenchuk municipal trolleybus company (KTU) for the acquisition of 50 new low-deck trolleybuses, including spare parts and maintenance tools, as well as the workshop maintenance and diagnostic equipment for the new fleet, the press service of…
On December 20, Riga Freeport Authority approved of the budget for 2017 in accordance with goals listed in Development program 2009-2018. Planning the next year’s budget revenue section, participants of the meeting took into account the cautious cargo turnover outlook, which was based on cargo turnover plans submitted by stevedore companies. It is predicted that…
European shipowners welcomed earlier this year the adoption of the integrated European Union policy for the Arctic region, ECSA said in its press release. “We believe that the three priority areas identified cover all topical Arctic matters. Climate change and environment, sustainable development and international cooperation all deserve equal attention”, said ECSA Secretary General Patrick…