Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko has said that a possible lockdown in Ukraine, depending on the format and severity of quarantine restrictions, may lead to a 0.4-0.6% reduction in GDP. “Although business processes are returning offline and vaccination rates are growing, the risks of introducing a new lockdown due to…
Looking at the impact of growing gas prices on Europe, the Latvian government should think about ways of creating and managing different material reserves, wrote Latvia’s Minister of Defence Artis Pabriks on Twitter. The minister also said the Ministry of Defense was already working on solutions. Law on the State Material Reserves explains that nomenclature…
While ferry line Tallink Group had a better September this year than in 2020, while the third quarter, July-September, as a whole saw a poorer performance this year than last year, meaning recovery to pre-coronavirus levels was till some way off. Tallink Grupp CEO Paavo Nogene said: “The quarter periods in 2020 and 2021 have…
Due to the low water level in Toktogul reservoir, the Bishkek HPP has a plan to generate 2.5 billion kilowatt-hours of electricity, the Deputy Chief Engineer of the heating plant, Nurlan Kulzhigachev, has told the journalists. According to him, at the direction of the City Hall, supply of the city with heating started. “Before that,…
The Georgian government has allocated 14 million GEL in subsidies to assist in the harvesting of grapes damaged by heavy hail in the wine region of Kakheti on August 27 and September 2. The government is also subsidizing the 2021 grape harvest to financially support farmers during the pandemic. In August, heavy hail and strong…
Following the listing of Enefit Green on the Tallinn Stock Exchange two weeks ago, the state is planning to transfer its majority stake in rail operator Operail at the beginning of next year. Next is technical service provider Teede Tehnokeskus and the state will consider developing a grid company based on Elering and Elektrilevi, which…
The Uzbek government eyes to improve the system of development of professional qualifications and knowledge of personnel in various fields of activity. According to a government decree, a special Institute for Labor Market Research has been approved under the Ministry of Employment and Labor Relations. Starting from November 1, the Institute of Labor is to…