The parties of the Latvian government have reached an agreement on the general framework of the 2021 state budget and the planned tax reform. “After several months of debates, we have agreed on the framework of the 2021 budget,” Prime Minister Krisjanis Karins said on September 21. Karins elaborated that the budget of the next…
Kazakhstan has begun returning electricity to Kyrgyzstan within the framework of a trade exchange agreement, the National Energy Holding Company of Kyrgyzstan reports. Earlier, in pursuance of a government order, Electric Stations OJSC and the authorized power company of the Republic of Kazakhstan signed an agreement on the exchange of electrical energy. From June to…
Finance Minister Serhiy Marchenko has said that Ukraine intends to cut public debt by 3% in 2021. “This year we have a deficit of UAH 300 million. This is a crisis year, as we had to finance some social programs, pension indexation and the Fund to tackle Covid-19. But we have the opportunity to borrow.…
The RDS Ukrainian road-building group of companies has completed the repair of 37 km of the section of the N-01 road in Cherkasy region ahead of schedule, the group’s co-founder, Yuriy Shumakher, has announced. “According to our commitments, we were supposed to complete the work in November, but we completed the renovation at the end…
In August, the producer price index of industrial output increased by 1.1% MoM, but decreased by 2.2% YoY, data from Statistics Estonia shoed. Leading analyst at Statistics Estonia Eveli Sokman said, in August, compared to July, the producer price index was affected primarily by price increase in electricity supply. “Price decreases in the manufacture of…
The European Bank for Reconstruction and Development (EBRD) is organizing a new financing for the construction of a 76MWp solar plant in the Karaganda region of Kazakhstan, a leader in the development of renewable energy in Central Asia, with a total installed solar capacity of 216MWp. The $42.6-million package provided to the well-established German developer…
In Latvia, the level of producer prices in industry decreased by 2.7% YoY in August, the data of the Central Statistical Bureau (CSB) showed. In a press release on September 21, the CSB reported that in a monthly comparison, from July to August, the level of producer prices in Latvian industry remained the same. Prices…