Russia’s invasion has damaged or destroyed up to 30% of Ukraine’s infrastructure valued at $100 billion. The reconstruction could be achieved in two years using frozen Russian assets to help finance it. “Practically all components of our transport infrastructure have suffered in one form or another,” Infrastructure Minister of Ukraine Oleksander Kubrakov told Reuters. He…
Poland’s core inflation, excluding the prices of food and energy, measured 6.9% YoY in March, up from 6.7% in February, the National Bank of Poland (NBP) said on April 19. Core inflation, excluding fixed prices, amounted to 10.6% in March, up from 8% in the previous month. Core inflation, excluding the most volatile priced items,…
Turkey ($562.4 million), China ($461.9 million) and Russia ($383.3 million) were the top trading partners of Georgia in its total external trade turnover in January-March, preliminary data from the National Statistics Office of Georgia showed. Georgia’s top partners by exports in January-March were China ($220 million), Azerbaijan ($125.4 million) and Russia ($109.8 million), while the…
The 2022 state budget expenses have been increased by 6.9 billion lei and the revenues – by 2.69 billion lei. The amendments are contained in the rectified draft of the laws on the national public budget, approved at a Cabinet meeting on April 19, the government’s communication and protocol department reported. According to Prime Minister…
Construction work continues expanding within Latvia’s road network. Most of the work is done on regional roads. Motorists are urged to use alternative roads to bypass sections under construction. The biggest road traffic restrictions are on the section of Riga-Ergli (P4) regional road from Riga bypass (A5) all the way until the turn to Tinuzi;…
The state-owned Estonian Railways (EVR) may need an additional EUR 10 million in support from the state to cover this year’s costs in connection with the termination of freight transport from Russia. The company is seeking new markets in Central Asia, as cargo shipping on the Black Sea has been reduced due to the ongoing…
Lithuania’s national security would not be affected if the Baltic States were disconnected from the common electricity system with Belarus and Russia (BRELL), Energy Minister Dainius Kreivys said on April 19. Such a cut-off would not have an impact on Lithuanian consumers because the country would be immediately connected to the Western European grid via…