The Baltic States’ planned grid synchronisation with Western Europe in February 2025 will slightly raise electricity prices for consumers, says Lithuanian Energy Minister Dainius Kreivys, but higher production would help control prices. According to him, the Lithuanian grid operator Litgrid has done calculations, according to which “the synchronisation’s impact on prices is minimal, a few…
Transit of Ukrainian products across the Hungarian border increased by 30% over the year. This was announced by Deputy Head of the Presidential Office Ihor Zhovkva. “Over the past year alone, the transit of Ukrainian products across the Hungarian border has increased by 30%. Let me remind you that Hungary has never blocked the transit…
Through its genocidal war, Russia has already destroyed more than 60 million square meters of housing in Ukraine. Before the war, there were 300,000 builders in Ukraine, Ivan Perehinets, director of the Scientific and Technical Center of the Academy of Construction of Ukraine, reminded. “If we want to rebuild everything after the war in 5-10…
In Bulgaria, residential property prices are on the rise, with Varna leading the charge ahead of even Sofia, according to recent statistics reported by Nova TV. During the first quarter of this year, Varna saw a significant increase of 9% in housing prices, slightly outpacing the growth in the capital city. Despite these hikes, there…
The US will lend Poland a further $2 billion (8.1 billion zloty) to fund the purchase of American air and missile defence systems, the Polish Defence Ministry has announced. The agreement, which marks the second such loan to Poland under the Foreign Military Financing (FMF) programme following one in September last year, is “an expression…
In January-June, Ukraine’s state budget received $20.2 billion in financing, namely $13.8 billion in external financing and $6.4 billion from domestic government bonds. The relevant statement was made by the Ukrainian Finance Ministry on Facebook. In particular, in the first half of 2024, a total of $13.8 billion came as external financing. The European Union,…
The Cabinet of Ministers of Ukraine has approved the budget declaration for 2025-2027, which outlines a gradual economic recovery. In particular, GDP is expected to grow by 2.7% in 2025. The relevant resolution of the Cabinet of Ministers, No. 751 dated July 28, was published on the Government portal. As expected, gross domestic product will…