Georgia: Government expects $400-500 million investment in Tbilisi and Batumi airports

Georgian Prime Minister Irakli Garibashvili on December 12 said his Government expected an investment of $400-500 million in two of the country’s three major airports, located in capital Tbilisi and the western city of Batumi. Garibashvili revealed the Government had already started work for the purpose, noting discussions at its Economic Council. “Let’s say directly…

Lithuania: flights canceled due to heavy snow

More than 20 flights were canceled at Vilnius and Kaunas airports due to heavy snowfall between 21:00 on December 11 and 05:00 on December 12. “The flights were canceled due to extreme weather conditions: heavy snowfall in Vilnius and Kaunas,” Tadas Vasiliauskas, spokesperson of Lietuvos Oro Uostai (Lithuanian Airports), said. Flights at Palanga Airport operated…

Moldova: Chisinau-Bucharest train to move daily

The Railway of Moldova enterprise (CFM) said that the Chisinau-Bucharest train would move daily starting from December 11. The train will move according to the following schedule: 17:20 – departure from Chisinau, arrival in Bucharest at 06:17; 19:20 – departure from Bucharest, arrival in Chisinau at 8:15. The price of one travel ticket is 605-298…

Moldova: EIB to provide additional loan worth 100 million euros for national roads’ repair

The European Investment Bank (BEI) will provide Moldova with an additional loan worth 100 million euros. The members of the parliament’s commission for foreign policy and European integration have approved a consultative note for starting negotiations and approving the signing of the contract on financing between Moldova and EIB for the supply and carrying out,…

Georgia: PM and TAV Airports President discuss stimulation of new airlines and routes

Prime Minister of Georgia Irakli Garibashvili and Serkan Kaptan, President of TAV Airports, the company managing two of the largest airports in the country, on December 7 discussed ongoing cooperation and prospects for stimulating new airlines and routes on the domestic airline market. The meeting emphasised the growing post-pandemic dynamics of tourism recovery, with the…

Baltic States: EU to fund up to 85% of Rail Baltica

Russia’s war in Ukraine has fundamentally changed Rail Baltica’s function, making this project important not only for the region’s economy but also for its defence, Catherine Trautmann, the European coordinator of the North-Sea Baltic TEN-T Corridor, has said. Therefore, the European Commission has decided to finance up to 85% of the project’s costs, according to…