Ukrainian defense companies will establish joint production facilities in Denmark, with projects to be financed through EU funding. Ukrainian Defense Minister Denys Shmyhal announced this on Facebook following the signing of a memorandum of understanding with Danish counterparts – Defense Minister Troels Lund Poulsen, Minister of Industry, Business and Financial Affairs Morten Bodskov, and Foreign…
On October 7 morning and evening, the electricity price on the Nord Pool power exchange in Estonia will spike to EUR 800 per megawatt-hour and in Latvia and Lithuania to over EUR 1,100. The average electricity price in Estonia will rise to EUR 181 per megawatt-hour – nearly twice as high as on October 6.…
Energy group Utilitas has connected boiler houses in the border towns of Valga and Valka with a 1.6-kilometer pipeline – the first cross-border district heating link in Europe. The towns of in southern Estonia Valga and Valka in northern Latvia are split in half by the border. Local authorities have been working under the “two…
Over the past week, under the Government’s Affordable Loans at 5-7-9% programme, micro, small, and medium-sized enterprises received 717 preferential loans totalling UAH 1.9 billion, including 525 loans worth UAH 1 billion from state-owned banks. Since the start of 2025, entrepreneurs have obtained 21,232 loans worth UAH 62.1 billion under the 5-7-9% programme, with 14,737…
At the request of manufacturers, the Government has decided to restrict access to data on defense industry enterprises in public registries, including information about their locations and production capacities. This was announced by Prime Minister Yulia Svyrydenko. “A long-awaited change for Ukrainian weapons manufacturers. We are bolstering the protection of our arms producers from russian…
The MIA Instant Payments System shows outstanding results with over 750,000 users, about 13 million transactions and a total volume exceeding 12 billion lei in one year and a half after its launch. The figures have been unveiled by First Vice Governor of the National Bank of Moldova (BNM) Petru Rotaru, who participated in the…
Starting this week, banks in Lithuania and across the eurozone will be required to verify whether a payment recipient’s name matches the account number, in a move aimed at reducing fraud, the Bank of Lithuania says. The check will take only a few seconds, and customers will immediately be notified of the result, officials say.…