An amendment to Poland’s 2023 budget law, adopted by the government on June 9, foresees the deficit PLN 24 billion (EUR 5.37 billion) higher than previously, the minister of finance has announced. The budget deficit for 2023 was originally planned at PLN 68 billion (EUR 15.22 billion), with expenditures seen at PLN 672.5 billion (EUR…
The first of two updated high-voltage electricity lines connecting Estonian-Latvian electricity was launched on June 9. The cables will eventually allow the Baltic States to disconnect from the Russian grid and officials say the project is on schedule. The project has already been underway for 15 years and, when it is completed, it will guarantee…
Prime Minister Dorin Recean on June 9 presented the main amendments to the State Budget Law in the plenary session of the Parliament. They were criticized by the parliamentary opposition. “It is important, beyond the crises we manage, to restart the engines of the economy, and that is the objective of the rectification. We need…
The Ministry for Communities, Territories and Infrastructure Development, Ukrzaliznytsia and the European Bank for Reconstruction and Development (EBRD) are launching the emergency support project for Ukrainian railways. The EUR 200-million project will provide financial assistance for the restoration and modernisation of railway infrastructure and the renewal of rolling stock. The relevant Guarantee Agreement for the…
Last year, sugar beet showed the best marginal indicators compared to other crops, and this trend continued in 2023, Roman Ogorodov, the business manager of “Ukrprominvest-Agro”, said. The company noted that the areas under beets as part of the partner program “Sugar beet – a smart choice!” increased from 8 thousand hectares to 17.3 thousand…
The number of trolleybuses moving on the streets of Chisinau has been cut for the summer period. The director of the Chisinau Electric transport Administration (RTEC), Dorin Ciornii, said that the number of trolleybuses moving in the capital was decreased from 332 to 297, given the poor flow of passengers in this period. Also, the…
The Polish government has agreed to trade unions’ demands to offer further support to energy-intensive companies this year amid an ongoing energy crisis. Prices of energy commodities rose after Russia invaded Ukraine in February 2022 causing a number of energy-intensive Polish companies to struggle with energy costs. The agreement between the government and the Solidarity…