Lithuanian energy company Ignitis wants to build a wind farm with up to 11 turbines near close to the summer capital of Estonia – Parnu, but the city government is not behind the idea. Initially, the company planned to build two wind farms in the area with a total of 28 turbines and submitted an…
A total of 16 bids have been submitted in the tender for the construction of wind power plants with a total capacity of 170 MW, which will, for the first time, include mandatory installation of energy storage systems of 44 MWh. The tender commission for granting the status of large eligible producer (2025-2026) held a…
The Bank of Estonia recommends that people keep a supply of cash while also preparing for the introduction of the digital euro. Although most everyday payments in Estonia are already made by card or mobile phone, this does not mean that cash has lost its importance. On the contrary, the Bank of Estonia (Eesti Pank)…
Household electricity tariffs in Ukraine could increase by about 20% as early as this summer. Stanislav Ignatiev, Chairman of the Board of the Ukrainian Association of Renewable Energy, made the statement. According to him, tariff decisions largely depend on political decisions and commitments to international partners. “This is a political issue, a matter of political…
The Ministry of Economy is working on expanding access to financing and compensation instruments for businesses in the Kherson region. In particular, adapting the program “Affordable Loans 5-7-9”, increasing the level of compensation for farmers in front-line territories and improving mechanisms for insurance of war risks. The relevant developments were presented by Deputy Ministers Taras…
Restaurant and cafe prices in Bulgaria have increased sharply over the past decade, rising by close to 110%, according to analysis by the Institute for Market Economics. Economist Adrian Nikolov pointed out that this growth significantly outpaced the rise in key cost components such as labor, electricity and raw materials, based on official data compiled…
Poland’s state National Development Bank (BGK) and the European Union’s European Investment Fund (EIF) have announced their first investments under a joint programme that funds Polish companies operating in the advanced technology sector. They are providing EUR 85 million (365 million zloty) to three Polish venture capital funds that specialise in identifying and financing early-stage…