Kazakhstan plans to build 28 new water reservoirs, the Minister of Ecology, Geology and Natural Resources Magzum Mirzagaliyev has announced. “In his Address to the people of Kazakhstan in September last year Head of State ordered to increase the area of irrigated land to 3 million hectares. In this regard it is necessary to create…
Ukraine’s National Energy and Utilities Regulatory Commission (NEURC) has approved rules for restriction management and regulations for the distribution of interstate intersection capacity. The rules that govern the distribution of interstate section capacity for exports and imports of electricity provide for the operation of an auction office, whose functions will be performed by the state-owned…
A gradual economic recovery in Ukraine is expected in the second half of 2020, but economic activity will remain lower than before the crisis and real GDP may drop by 5.9% this year, Ukraine’s Institute for Economic Research and Policy Consulting has said in a survey for April entitled “Ukraine’s Macroeconomic Forecast – Corona Crisis”.…
Lithuania is borrowing 1.5 billion euros from international financial institutions and using the money to ensure the liquidity of the state treasury. The European Investment Bank (EIB) will extend a loan of 700 million euros, while the Nordic Investment Bank (NIB) and the Council of Europe Development Bank (CEB) will lend 400 million euros each.…
The ongoing effects of the coronavirus crisis have led to lower consumption of electricity and in turn, a glut in CO2 quota allowances. This has resulted in a fall in electricity prices, though the latter is largely caused by an increase in hydro-generated power, say energy sector spokespersons. The CO2 quota prices at the same…
Maximum price level for socially significant food products increased in Bishkek and Chui region of Kyrgyzstan, the State Agency of Antimonopoly Regulation reported. Bread, sugar and potatoes have risen in price: bread – by 1 som, from 39 to 40, sugar – by 3 soms, from 40 to 43, and potatoes – by 15 soms,…
The number of vacancies in the Ukrainian labor market has decreased by 34% over the past two week of quarantine, the National Bank of Ukraine (NBU) has reported this in its weekly economic review. According to the report, during the second week of quarantine, the number of new vacancies continued to decline, although at a…