Slovakia’s new energy aid law, rushed through parliament on October 1, is facing criticism over the government’s plan to fund it. Prime Minister Robert Fico (Smer) announced that the EUR 435-million scheme would be financed with European Union funds, rather than from Slovakia’s state budget. Economy Minister Denisa Sakova (Hlas) backed the claim, saying Brussels…
Latvia will extend the closure of its airspace zone along the eastern border with Belarus and Russia during nighttime hours, from 8:00 p.m. to 7:00 a.m., starting on October 8, and continuing until further notice, the Ministry of Defence reports. According to the ministry, this decision follows recent airspace violations in other NATO countries and…
The capabilities of Ukraine’s defense industry were demonstrated to Lithuanian Prime Minister Inga Ruginiene, NATO representatives and other foreign guests. Ukrainian Defense Minister Denys Shmyhal announced this on Facebook. Among the attendees were Denmark’s Minister of Defense Troels Lund Poulsen, Denmark’s Minister for Industry, Business and Financial Affairs Morten Bodskov, and Norway’s State Secretary at…
Ukrainian defense companies will establish joint production facilities in Denmark, with projects to be financed through EU funding. Ukrainian Defense Minister Denys Shmyhal announced this on Facebook following the signing of a memorandum of understanding with Danish counterparts – Defense Minister Troels Lund Poulsen, Minister of Industry, Business and Financial Affairs Morten Bodskov, and Foreign…
On October 7 morning and evening, the electricity price on the Nord Pool power exchange in Estonia will spike to EUR 800 per megawatt-hour and in Latvia and Lithuania to over EUR 1,100. The average electricity price in Estonia will rise to EUR 181 per megawatt-hour – nearly twice as high as on October 6.…
Energy group Utilitas has connected boiler houses in the border towns of Valga and Valka with a 1.6-kilometer pipeline – the first cross-border district heating link in Europe. The towns of in southern Estonia Valga and Valka in northern Latvia are split in half by the border. Local authorities have been working under the “two…
Over the past week, under the Government’s Affordable Loans at 5-7-9% programme, micro, small, and medium-sized enterprises received 717 preferential loans totalling UAH 1.9 billion, including 525 loans worth UAH 1 billion from state-owned banks. Since the start of 2025, entrepreneurs have obtained 21,232 loans worth UAH 62.1 billion under the 5-7-9% programme, with 14,737…