According to Taavi Veskimagi, CEO of the Estonian state-owned transmission system operator (TSO) Elering, the current low price of electricity does not allow for investments. Veskimagi said that the current quarter’s price jump to more than EUR 40 per megawatt-hour was rather an anomaly, and electricity prices were forecast to return to EUR 40 or…
Azerbaijan will start exporting wine to Mongolia, Acting Director of the Azerbaijan Export and Investment Promotion Foundation (AZPROMO) Yusif Abdullayev said at a briefing in Baku on November 14. Abdullayev added that wine was expected to be exported to Mongolia by the end of 2018 – in early 2019. “For the Mongolian market, Azerbaijani wines…
In order for all children to go to kindergartens, it is necessary to construct 1,600 new buildings with 250 places each. It will require 80 billion soms, the Deputy Prime Minister of Kyrgyzstan Altynai Omurbekova said at a meeting of the Parliament on November 14. According to her, as of today, about 400,000 children aged…
The creation of an East European Energy Hub will allow Ukraine, Poland and Lithuania to become energy independent from the Russian Federation, Chairman of the Verkhovna Rada of Ukraine Andriy Parubiy said at a joint press conference with the speakers of Lithuania and Poland in Vilnius. “We have discussed joint actions in energy security –…
Consumer inflation in Ukraine in October accelerated to 9.5% in annual terms, according to the press service of the National Bank of Ukraine (NBU). “In October consumer inflation accelerated to 9.5% YoY (8.9% YoY in September). In the monthly measurement, prices rose by 1.7%,” reads the report. As expected, the fundamental inflationary pressure remained significant,…
Tajik airline Somon air will launch one more flight to the Zhukovsky airport in the Moscow region. From December the company’s planes will fly three times a week from the city of Kulyab to the Russian airport. “The airline’s planes fly from Dushanbe to Zhukovsky three times a week – on Wednesdays, Thursdays and Saturdays.…
In January-October the Freeport of Riga handled 29,917,600 tons of cargo, up by 6.5% YoY. Transshipment of coal grew by 14.6%, to 11,508,800, wood pellets – by 38.2%, to 740,600 tons, and ore – by 10.7%, to 464,200 tons, while oil products dropped by 28.1%, to 3.445 million tons. The port’s container throughput grew by…