The National Bank of Ukraine (NBU) provided a total of UAH 750 million in refinancing to five banks, the central bank’s press service reported. “On June 25, a quantitative tender was held for the refinancing of banks for a term of 84 days. The applications of five banks for a total sum of UAH 750.0…
This year Swedish ferry company Stena Line deployed two new, large and modern ferries on its route connecting Latvia’s Ventspils and Sweden’s Nynashamn, as confirmed by the company. The first of them – Stena Scandica – arrived in Ventspils on June 29. It is preparing for its first voyage, which will start on July 2.…
Foreigners are very interested in working in Estonia and attracting talent to Estonia is the easiest part of recruiting, a new study shows, but employers expect more help from the state during the process. The study was carried out by the Center for Applied Social Sciences (CASS) of the University of Tartu on behalf of…
Turkey and Uzbekistan increased their trade volume by 83% YoY, to $1.3 billion in January-May despite the pandemic conditions, the Turkish vice president Fuat Oktay said on June 28 as he addressed the Uzbekistan-Turkey Business Forum in Tashkent. The event was organized by Turkey’s Foreign Economic Relations Board (DEIK) as part of the 6th Meeting…
Over the past five years, the exports of Ukrainian goods to the European Union have grown by 60% and are expected to reach EUR 20 billion this year. “Over the past five years, the exports of Ukrainian goods to the EU have increased by 60%. Already this year, the exports of Ukrainian products to the…
The Economy Ministry is working on bringing the draft law on reforming the corporate governance of state-owned enterprises in line with international best practices, Deputy Economy Minister Kristina Holubytska has said at the round table discussion “Corporate Governance of SOEs in Ukraine: A Review of Ukraine’s position against the OECD SOE Guidelines”. “Today, we work…
The market price of electricity will come to fluctuate to a greater degree as countries switch to renewable energy and close coal and oil shale power plants. Kalev Kallemets, CEO of nuclear plant project company Fermi Energia, predicts that prices will continue to rise, while Estonian transmission network operator Elering disagrees. The past week saw…