According to Mykola Solskyi, Minister of Agrarian Policy and Food of Ukraine, farmers will not be able to fully use 1-1.5 million hectares of agricultural land as a result of the Kakhovka hydroelectric power plant (HPP) explosion. “The consequences of stopping irrigation are much greater. Not half a million hectares, but a million and a…
An amendment to Poland’s 2023 budget law, adopted by the government on June 9, foresees the deficit PLN 24 billion (EUR 5.37 billion) higher than previously, the minister of finance has announced. The budget deficit for 2023 was originally planned at PLN 68 billion (EUR 15.22 billion), with expenditures seen at PLN 672.5 billion (EUR…
The first of two updated high-voltage electricity lines connecting Estonian-Latvian electricity was launched on June 9. The cables will eventually allow the Baltic States to disconnect from the Russian grid and officials say the project is on schedule. The project has already been underway for 15 years and, when it is completed, it will guarantee…
Prime Minister Dorin Recean on June 9 presented the main amendments to the State Budget Law in the plenary session of the Parliament. They were criticized by the parliamentary opposition. “It is important, beyond the crises we manage, to restart the engines of the economy, and that is the objective of the rectification. We need…
The Ministry for Communities, Territories and Infrastructure Development, Ukrzaliznytsia and the European Bank for Reconstruction and Development (EBRD) are launching the emergency support project for Ukrainian railways. The EUR 200-million project will provide financial assistance for the restoration and modernisation of railway infrastructure and the renewal of rolling stock. The relevant Guarantee Agreement for the…