The outlook for the development of Latvia’s economy is generally optimistic, said the governor of the Bank of Latvia Martins Kazaks on June 14. “He also said that, considering the economy’s recovery, the state might cease providing the mass aid to the national economy in June. At the same time, state aid may remain for…
The coalition has agreed on how to support Eesti Energia for the production of green energy from biomass. Next week, the Riigikogu plans to pass a bill that would enable the support of the production of 1,000 gigawatt-hours of electricity from biomass in Eesti Energia’s power plants over the next two years. Mart Vorklaev, chairman…
Return of electricity to Kazakhstan and Uzbekistan began on June 1 in accordance with previously reached agreements. Electric Stations JSC reported. The company reminded that on March 2 the Ministries of Energy and Industry of Kyrgyzstan and Energy, Ecology, Geology and Natural Resources of Kazakhstan signed a protocol on the exchange of electricity. The same…
JSC Ukrzaliznytsia received almost UAH 39 million of profit in May, according to the company’s press service. “We are confidently pursuing a stable profitability. For the second month in a row, the company completes its work with a profit – we received a positive financial result of almost UAH 39 million in May. We continue…
About 150 small and medium-sized enterprises (SMEs) from the front-line territories of Ukraine have taken advantage of the assistance of the European Union under the FinancEast program, which is being implemented in partnership with the Entrepreneurship Development Fund as part of the EU’s EU4Business initiative. Christian Ben Hell, Head of Agriculture Sector at the EU…
Tax take in April stood at EUR 670.8 million, up by 14.9% YoY, the Tax and Customs Board (MTA) said, with growth mainly fueled by the low starting point, given that April 2020 was the first full month to follow the arrival of the coronavirus pandemic. VAT receipts in January to April came to EUR…
In January-May, the Freeport of Riga handled 8.54 million tons of cargo, down by 15.1% YoY. According to the port’s statistics, handing of grain increased by 53%, to 1,231,200 tons, coal and coke handling fell by 88.7%, to 175,900 tons, chemicals – by 15.9%, to 493,800 tons, ore grew by 4.4%, to 270,600 tons, wood…