Chairman of the Verkhovna Rada Committee on Energy, Housing and Utilities Services, Andriy Gerus, has stated that electricity imports will drop to zero from November 15. In a post on his Facebook page, he wrote: “Dispatchers have been restricting electricity imports to a minimum level for several days. During certain hours, it is less than…
The registered unemployment level in Latvia was 5.7% of economically active population in October, or as much as a month prior, according to data from the State Employment Agency (NVA). At the end of October a total of 52,651 unemployed persons were registered with NVA, up by 56 people. The lowest unemployment level was registered…
The volume of bilateral trade between Spain and Azerbaijan has increased by 5.5% in the first semester of 2019, Charge d’affaires ad interim of Spanish embassy in Baku Ignacio Sanchez Taboada declared. He noted that economic and other private relations had clearly increased in 2018, though there was still much room for improvement. “Our bilateral…
Wines tasting was held in the Japanese city of Kagoshima Bay, the National Wine Agency of Georgia reported. The event was organized by the Georgian marketing company Red Bridge, contractor of the national wine agency. It was attended by Japanese Master of Wine Kenichi Ohashi and leading Japanese wine taster Motohiro Okoshi. According to the…
In October consumer prices in Ukraine grew by 0.7% MoM, according to the State Statistics Service of Ukraine. “Inflation on the consumer market totaled 0.7% in October against September and 4.2% since the beginning of the year. Core inflation amounted to 0.7% in October against September and 4.1% since the beginning of the year,” reads…
The stress test of the largest Ukrainian banks, held by the National Bank of Ukraine (NBU), has estimated the additional need of financial institutions for capital from UAH 35.2 billion ($1.4 billion) in the basic scenario to UAH 73.8 billion ($3 billion) in crisis. In the baseline scenario, the need for additional capitalization has been…
The SOCAR Polymer LLC, a subsidiary of Azerbaijan’s state oil company, will reach full capacity in the production of high-density polyethylene in 2023. According to the updated government forecasts, by the end of 2019, 48,200 tons of high density polyethylene and 110,000 tons of polypropylene will have been produced at the company’s plants. Meanwhile, the…