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BELAVIA AIRLINES MIGHT FACE BANKRUPTCY DUE TO THE EU SANCTIONS

The RyanAir airliner, which made an emergency landing in Minsk on May 23, may become the reason for the bankruptcy of the national air carrier of the Republic of Belarus. A significant number of experts come to this conclusion, commenting on the sanctions of the authorities of European countries. The EU summit that took place may be crucial for the national airline. The ban of Belavia on crossing the airspace of the EU countries threatens to actually cut off the company not only from flights to Europe, but also to other countries,...

THE NUMBER OF BANKRUPT COMPANIES IN EUROPE IS GROWING

... growth is 16.6% and 16.2%, respectively. In some European countries, there has been a decrease in the number of insolvency petitions filed. Such a negative trend was recorded by Eurostat staff in Latvia, Estonia and the Netherlands. The number of bankruptcy reports decreased by 42.2%, 23.7% and 20.1%. European experts note that enterprises in almost all spheres of the economy have gone bankrupt in the current situation. The largest number of bankrupt companies was found in the transport, catering, hospitality, educational and socio-cultural sectors....

ESTONIA HAS IMPOSED A BAN ON THE ENTRY OF CARS WITH RUSSIAN LICENSE PLATES

Cars with Russian license plates will no longer be able to enter Estonia. The country has introduced a ban that applies regardless of the purpose for which the owner of the vehicle is sent to Estonia or the EU. The ban came into force after the European Commission explained that the entry of cars from Russia can be regarded as their import, writes Forbes with reference to the Estonian edition of Err. When the owner of such a car arrives at the border,...

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