Poland will increase capacity for gas exports to Ukraine from the beginning of February. Ukrainian energy minister Denys Shmyhal has hailed the move as vital to help his country handle a winter heating crisis caused by Russia’s attacks. On January 27, Shmyhal announced that the two countries’ gas transmission operators had agreed a phased increase…
As the price of gold soared to an all-time high, surpassing $5,000 per ounce (EUR 4,200), a senior official at the Bank of Lithuania acknowledged that the central bank could have profited from additional purchases but chose not to due to its long-term policy. “Looking back, we definitely missed out. If we had bought more…
Slovakia’s economy slowed in 2025, making it harder to reduce the fiscal deficit and stabilise public debt, the International Monetary Fund (IMF) said after completing its annual review of the country. An IMF mission led by Magnus Saxegaard held talks with Slovak authorities from January 14 to 27. In its concluding statement, the Fund said…
Prime Minister of Ukraine Yulia Svyrydenko announced that the Government had simplified the procedures for installing solar power stations on buildings. “The installation of solar power stations on roofs and facades is now carried out on the basis of a technical survey report on the building. There is no need for additional permitting or registration…
Developers have started refusing to build new residential buildings in Russia’s largest cities. By the end of 2025, the largest reduction in new projects occurred in Ufa — by 35% year-on-year, in Moscow — by 29.2%, in Rostov-on-Don — by 29.6%, and in Samara — by 23%. This follows from the data of the Unified…
In 2025, the rates for freight transport by road in Russia increased by an average of 12%. However, the increase was more significant on certain routes. For example, the cost of transporting goods on the routes from Moscow to St. Petersburg and from Voronezh to Volgograd increased by 30%, and from Omsk to Novosibirsk —…
Nornickel’s multi-billion dollar project to build a copper plant in China, which the company’s CEO Vladimir Potanin announced in 2024, is on the verge of collapse. The Chinese partner decided to withdraw from the project, which planned to build a facility with a capacity of 500,000 tons of copper per year in the Fangchenggang port…