Russian energy company Lukoil has announced plans to sell its largest asset in the Balkans, the refinery in Burgas, to a Qatari-British consortium until the end of the year, marking a significant shift in Moscow’s influence over energy supplies in Southeastern Europe, as reported by the Financial Times. The sale has been approved by the…
The Baltic defensive line is beginning to take shape – Estonia is testing bunkers, Latvia is putting up concrete blocks and Lithuania is acquiring mines. Since first being announced following Russia’s full-scale invasion of Ukraine, Estonia has tested three different types of bunkers to see which would best withstand 155mm artillery shells. “We are having…
The role of women in the Ukrainian economy continues to grow. Last year, women founded 56% of enterprises in Ukraine and this year – 59%. At the same time, the share of women winners of the Vlasna Sprava grant programme in 2024 increased from 57% to 61%. These figures were announced by Yuliia Svyrydenko, First…
At a meeting on November 5, the Government approved a new programme of preferential lending to the defence industry. This was announced by Prime Minister Denys Shmyhal. “Enterprises that the Ministry of Strategic Industries considers to be of critical importance will be able to obtain a loan of up to UAH 500 million for up…
A recent analysis from the European Institute of Trade Unions, highlighted by the European Confederation of Trade Unions, reveals that low-wage earners in most EU countries spend at least a third of their monthly income on rent. This data come just before Dan Jorgensen’s hearing in the European Parliament, where he will be considered for…
Two agreements were signed that would see the European Union hand over more than EUR 1 billion in funding for the Rail Baltic infrastructure project, according to RB Rail. The initial funding announcement was made this summer, and now the agreement had been confirmed, Latvia’s public broadcaster LSM reported on November 5. The funding totals…
On November 5, Westinghouse Electric Company, Hyundai Engineering & Construction Co. and “Kozloduy NPP – New Powers” EAD signed a contract in Sofia to initiate engineering services for two nuclear reactors using Westinghouse’s AP1000(r) technology. The event was attended by Bulgarian Prime Minister Dimitar Glavchev, Energy Minister Vladimir Malinov, U.S. Ambassador Kenneth Merten and executives…