Several Ukrainian electrical substations that were critical to ensuring nuclear safety were damaged in Russian strikes on January 20, and the Chornobyl Nuclear Power Plant had completely lost external power supply. The International Atomic Energy Agency (IAEA) said this in a post on X. The IAEA “is actively following developments in order to assess impact…
The high-speed, European-gauge Rail Baltica project will cost close to EUR 24 billion, according to a newly released European Court of Auditors (ECA) special report. Rail Baltica will run from Tallinn southward to the Lithuanian-Polish border. Its original estimated cost had been under EUR 6 billion. Dubbed “EU multibillion transport megaprojects: Mind the gaps,” the…
Cheese prices in Europe are falling due to overproduction, but this has not yet been reflected on Estonian store shelves. Producers say prices may drop in February or March. The price of raw milk on the international market has fallen by 20-30% compared with last year, but this has yet to be reflected in the…
The safety of education remains one of the Government’s key priorities. For the first time this year, a sum worth UAH 1 billion has been allocated from the state budget for the construction of shelters in preschool educational institutions. These funds will be used to build at least 20 kindergartens with shelters in various regions…
The federal budget of Russia in 2025 was in deficit for the fourth consecutive year: the government’s revenues were lower than its expenditures by 5.645 trillion rubles, reported the Ministry of Finance on Monday. Compared to 2024 (3.471 trillion rubles), the “hole” in the treasury increased by 1.6 times, and in relative terms – 2.6%…
Almost a third of small and medium-sized businesses (SMEs) ended last year with large non-payments from counterparties. In December, 31% of enterprises “had significant overdue receivables”, showed a survey of SMEs conducted by Promsvyazbank, the NAFI analytical center, and Magram Market Research. In particular, at 12% of respondents, non-payments appeared more than six months ago,…
Russian developers have sharply increased the volume of overdue loan debt amid financial difficulties. As of November 2025, the total figure rose to 279.3 billion rubles, an increase of 27% year-on-year. At the same time, the total amount of construction loans amounted to 5.2 trillion rubles. It increased by 10% compared to the previous year,…