From January 20 the Enguri hydro power plant (HPP), the largest electricity producer of Georgia that supplies its Russia-occupied region of Abkhazia, will be closed for repairs for three months. Economy Minister Natia Turnava has announced that while the dam is closed, Abkhazia will receive electricity imported from Russia. “Shutting down the Enguri HPP will…
State-owned Eesti Energia group alone established close to 300 solar power plants for its clients with a total capacity of 8 MW through 2020. Options are available for private individuals to generate solar power via panels installed on their property and then sell any surplus. CEO of Eesti Energia renewables subsidiary Enefit Green Aavo Karmas…
The National Bank of Ukraine (NBU) has held a refinancing tender to provide 15 banks with UAH 8.472 billion ($302 million) in refinancing loans at an interest rate of 6% per annum, with a five-year maturity period. In addition, the regulator satisfied the applications of two banks for UAH 182 million ($6.5 million) in refinancing…
In 2020, Ukraine increased exports of vegetable and animal fats by 22% and remained the largest sunflower oil exporter to the European Union. “As for vegetable and animal fats, Ukraine increased exports of these products by 22%. This growth was achieved primarily due to the growth of sunflower production, domestic processing and increased sales of…
In November 2020, the number of foreign and resident visitors comprised 50.3 thousand, down by 44.2% MoM and by 72.3% YoY. As compared to November of the previous year, the number of nights spent by visitors reduced by 66% and comprised 121.9 thousand nights. After the emergency situation was declared in the country on November…
Proposals from over 20 local governments on the use of European Union funds have been made for 2021 onward, in conjunction with the Finance Ministry. Regional development is reportedly a major focus in the coming budgetary strategy period. The Association of Estonian Cities and Municipalities (ELVL) presented its EU structural funds proposals to the Ministry…
In November 2020, state debt of Kyrgyzstan reached $740.5 per capita. The debt burden increased by $6.6 over the month. According to the Ministry of Finance, as of November 30, 2020, the state debt (external plus internal) of Kyrgyzstan amounted to $4,887.46 billion (414,448.46 billion soms), including $4,218.38 billion (357,711.54 billion soms) of external and…