In 2022, LOT Polish Airlines generated over PLN 113.7 million (EUR 25.4 million) in profits with revenues exceeding PLN 8.3 billion (EUR 1.86 billion. “The index figures achieved by LOT in 2022 allow us to view with optimism the development potential of the company,” the airline said in a press release. Last year LOT made…
The National Aviation Security Committee (CNSA) held an extraordinary meeting in order to analyze and identify all circumstances and actions related to the tragic accident, which took place at the Chisinau International Airport. The participants of the meeting ruled to set up a working group, made up of experts in the security and public order…
The State Agency for Infrastructure Recovery and Development plans to renovate about 40 bridges in 2023. “In Ukraine, 346 artificial structures have been destroyed, 157 on state roads. The agency has ensured passage through 85 destroyed bridges by building temporary crossings. Last year only, 41 bridges were repaired, including those destroyed during the hostilities. This…
North-South railway corridor: Valcinet – Ocnita – Balti – Ungheni – Chisinau – Cainari will be rehabilitated. To carry out the works, the European Commission (EC) offers the country a grant worth 20 million euros, and the European Bank for Reconstruction and Development (EBRD) grants a loan of 23 million euros. The loan and grant…
The European Union, through the Connecting Europe Facility (CEF), will allocate funds to Ukrzaliznytsia JSC to develop border crossings with the Republic of Poland, Romania, the Slovak Republic and Hungary, Yevhen Lyashchenko, the chairman of the board of UZ, has announced. “Ukraine is actively working to integrate its railway infrastructure into the EU. We have…
The European Commission (EC) has offered EUR 65.9 million to the Central Transportation Hub (CPK) company for the construction of a high-speed railway line connecting Warsaw and Lodz in central Poland where the massive air, road and rail hub is to be built. “The EC has granted the Central Transportation Hub (CPK) company around PLN…
The European Commission announced this week that the next phase of Rail Baltica in Estonia, Latvia and Lithuania would receive EUR 928 million from the Connecting Europe Facility (CEF). With this decision, the European Union is also supporting the modernization of air traffic management and the purchase of a new icebreaker as efforts related to…