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Author Archives: admin

Baltic States: electricity price up in November 2022

BalticsBy admin2022-12-29Leave a comment

In November, the average electricity price, when compared with October, increased by 20%, according to Latvenergo Electricity Market review. Last week the average electricity price went down by 51% in the Baltic States. A tendency for electricity prices to decline has been observed over the last two months. This changed in November: the price in…

Lithuania: 9 out of 10 believe things getting worse

LithuaniaBy admin2022-12-29Leave a comment

Almost nine out of ten people in Lithuania believe that things are getting worse in the country, according to a survey commissioned by LRT. The poll also shows the military to be the most trusted institution, while the parliament and the government enjoy the least trust. The poll, conducted by Baltijos Tyrimai, shows that slightly…

Poland: WSE acquires majority stake in Armenian peer

PolandBy admin2022-12-29Leave a comment

The Warsaw Stock Exchange (WSE) has closed the purchase of a 65.03% stake in the Armenia Securities Exchange (AMX). On December 27, WSE paid PLN 5.5 million (EUR 1.17 million) in the first tranche of the total purchase valued at PLN 9.6 million (EUR 2.05 million). The second tranche of PLN 4.1 million (EUR 0.87…

Georgia: regular flights to China to be resumed from 2023

GeorgiaBy admin2022-12-29Leave a comment

Georgian Deputy Economy Minister Mariam Kvrivishvili on December 27 said one of the Chinese “leading airlines”, China Southern Airlines, would resume its regular direct flights to Georgia, highlighting China as “one of the priority” destinations for the Georgian tourism sector. Kvrivishvili said the flights would increase the number of tourists from China to Georgia and…

Poland: $9 billion in aid provided to Ukraine since war started

PolandBy admin2022-12-29Leave a comment

Since the beginning of Russia’s full-scale invasion of Ukraine, Poland and the Poles have provided Ukraine and the Ukrainians with PLN 35-40 billion ($8-9 billion) in aid, Deputy Chairman of the Polish Development Fund (PFR) Bartosz Marczuk has said on Twitter. He said that approximately PLN 10 billion (about $2.3 billion) had been provided in…

Ukraine: energy system to be rebuilt taking into account military risks

UkraineBy admin2022-12-29Leave a comment

Ukraine will take into account all military risks while rebuilding its energy industry, Energy Minister German Galushchenko has said. “Undoubtedly, now the key point in any reconstruction of our energy system will be the question of military risks for the system. There are already developments. They are already being implemented. We will create an energy…

Ukraine: 50% of budget revenues generated internally

UkraineBy admin2022-12-28Leave a comment

Ukrainian business has shown so much adaptability that the GDP drop until the end of the year will make 32%, and not 50%, as predicted after the beginning of the full-scale invasion, the First Deputy Prime Minister – Minister of Economy of Ukraine Yuliia Svyrydenko has declared. “By the results of 2022, we have much…

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