Future developments of Latvia’s industrial sector will be affected by the situation with energy resource prices and the government’s possible decisions to improve the situation. If the Omicron variant of Covid-19 spreads rapidly, it is possible consumption of industrial goods may decrease, notes the Ministry of Finance. Nevertheless, currently demand for goods remains high and…
From January, local municipality governments will begin accepting applications for energy price compensation. Many municipalities have hired additional people to prepare for the avalanche of applications set to come in. Tallinn is set to begin accepting energy price compensation applications from January 17. The city has told people to wait for February with their bills…
Some airlines are canceling their flights from Lithuania, according to the country’s airport operator. “The flights are being suspended temporarily and are planned to resume from February,” Aurimas Stikliunas, the head of aviation services at Lithuanian Airports (LOU), has said. “The suspensions are due to tighter restrictions or very low demand,” he added. Flights from…
Gas transit from Russia to Slovakia through Ukraine dropped 67% from year-start, the Slovak gas transmission operator, Eustream reported. On December 31, 2021, the corresponding application was for 83.8 million cubic meters, while on January 1 it fell to 49.5 million cubic meters, on January 2 – to 35.5 million cubic meters and on January…
In September-November 2021, Ukraine reduced exports of sunflower oil by 15% YoY, to 1.35 million tons due to falling demand from China and India, the Ukroliyaprom Association reported. In particular, India, the main buyer of Ukrainian sunflower oil, reduced its imports during the specified period by 11.5%, to 466.5 thousand tons, although in 2020-2021 it…
At least 1 billion soms was allocated from the budget for preparation of irrigation system of Kyrgyzstan for 2022, the Minister of Agriculture Askarbek Dzhanybekov said at a press conference in Bishkek. “The work has already begun. We received the first 100 million back in November 2021. Despite the cold weather, intensive repair of irrigation…
The trade turnover between Turkmenistan and Uzbekistan totaled $626.1 million in January-November 2021, up by 34.5% YoY, the Uzbek State Statistics Committee reported. Turkmenistan’s exports to Uzbekistan totaled $450.6 million, while imports from the country to Turkmenistan amounted to $151.5 million. Turkmenistan was among Uzbekistan’s top ten trading partners. The foreign trade turnover of Uzbekistan…