The European Commission, Lithuania, Latvia, Estonia and Poland on December 19 signed a political declaration on the synchronisation of the Baltic states’ electricity grids with Western Europe until February 2025. Signed in Brussels on the sidelines of the EU Energy Council, the document also commits to accelerate the implementation of the Harmony Link electricity link…
Small and medium-sized enterprises of Moldova will be able to access financing for the implementation of energy efficiency projects. This will be possible after representatives of Bank Gospodarstwa Krajowego (BGK) from Poland and the Ministry of Economic Development and Digitalization of Moldova signed a loan agreement worth 5 million euros in Chisinau on December 19.…
Amidst a recent study by the Bulgarian Industrial Association on the country’s business climate in 2023, several key concerns have emerged among the business sector. The study revealed that a significant portion of managers, around 62%, highlighted excessive state regulations as a major hurdle, while 61% cited the challenge of coping with frequent changes in…
Poland’s core inflation, which excludes the prices of food and energy, measured 7.3% YoY in November and was down from October’s 8.0%, the National Bank of Poland (NBP) reported. Inflation excluding fixed prices amounted to 5.2% in November, up from the level of 5.1% in the previous month, the central bank said. Inflation excluding the…
In January-November, Ukrainian seaports handled 52.8 million tons of cargo, up by 15.8% YoY, the press service of the Ukrainian Sea Ports Authority (USPA) reported on Facebook. “In the first 11 months of 2023, under extremely difficult war conditions, Ukrainian ports handled 52.8 million tons of cargo, compared to 45.6 million tons in 2022,” the…
Outlines of the decisions necessary for the transfer of frozen Russian assets and those of individuals affiliated with Russia to the benefit of Ukraine are now being drawn up, President Volodymyr Zelensky has declared. “The issue of frozen assets was one of the very important decisions addressed during the negotiations this week. In particular, in…
Moldova will receive a loan of 41.205 million euros from the European Investment Bank (EIB) and a grant of 12 million euros from the European Union. The financial resources will be directed to the rehabilitation of the railway corridor Valcinet-Ocnita-Balti-Ungheni-Chisinau-Cainari. The financing contract was signed by Minister of Finance Petru Rotaru and Director for Enlargement…