On October 23, the Cabinet of Ministers of Ukraine approved a decision to allocate UAH 8.4 billion from the reserve fund of the state budget to ensure a stable heating season for 2025-202026. The funds will be received by NJSC Naftogaz Ukrainy for the purchase of imported natural gas necessary for the uninterrupted supply of…
Ukrainian President Volodymyr Zelensky said that he discussed joint drone production with the leadership of Saab. He announced this during a joint press briefing with Swedish Prime Minister Ulf Kristersson at the Saab plant. “We are very interested in serious joint production with Saab. We want to build drones. We are very interested and open…
The possibilities for, and speed of, wind farm development vary across the Baltic States, though the need for additional electricity production is a common one. Estonian company Utilitas owns the new Targale wind farm, as well as the older and smaller Grobina wind farm in Latvia. The Estonian company has numerous other developments underway in…
The Government has allocated over UAH 700 million for the repair of motor roads in the frontline regions of Sumy and Kharkiv, as well as in Poltava. The Prime Minister of Ukraine, Yulia Svyrydenko, announced this. “These are important logistics roads used to transport military equipment and humanitarian cargo, as well as to evacuate people.…
Russian forces continue large-scale attacks on Ukraine’s energy infrastructure, causing a difficult situation in several regions, including Chernihiv, Sumy, and Kharkiv. Ukrainian President Volodymyr Zelensky said this in his nightly video address. “Of course, today, from early morning, numerous reports were delivered regarding recovery efforts in regions after Russian attacks on our energy infrastructure. The…
German discount retailer Woolworth has opened its first store in Slovakia, marking the start of an ambitious push into central Europe’s budget retail market. The chain’s debut outlet – in Bory Mall, a major shopping centre in Bratislava – spans 1,100 square metres across two floors. It sells a broad range of non-food products, from…
On October 22, in Baku, Azerbaijan, Latvia, Estonia, and Finland signed 11 memorandums of understanding as part of the “Central Baltic – Azerbaijan” business forum. Three documents each were signed by the Caspian Energy Club, the National Confederation of Entrepreneurs (Employers) Organizations of Azerbaijan (ASK), and the Nordic Business Community Azerbaijan with the Latvian Chamber…