Termoelectrica company announced that it had carried out the necessary works for the transition of the Electric Heating Plant (CET) I to the mixed use of fuel oil and natural gas. According to the company, starting from October 11 CET switched to an operating regime based on fuel oil with minimal use of natural gas…
The Lithuanian government is planning to borrow around 6.673 billion euros domestically and abroad next year. The government debt is expected to reach around 30.2 billion euros, or 43% of GDP, until the end of 2023. The government plans to borrow around 2 billion euros domestically by issuing government securities and 4 billion euros by…
Pegasus Airlines, a Turkiye-based budget airline, is set to launch flights between the Turkish capital of Ankara to the Georgian capital of Tbilisi from November 2, the Georgian economy minister has announced. The news was announced after a meeting held between the deputy economy minister Mariam Kvrivishvili and representatives from Pegasus Airlines and Turkish Airlines…
While some businesses struggle to stay afloat amid soaring energy prices and a squeeze on people’s purchasing power, others are doing better than before. Second-hand clothing retailers are experiencing a boom, with shoppers lured by environmental concerns as well as low prices. Geltonas Namelis (Yellow House) is a clothing shop in Birzai, a town in…
Around 30% of energy infrastructure in Ukraine has been hit by Russian missiles since October 10, Ukraine’s Energy Minister Herman Halushchenko has said. “We send this message to our partners: we need to protect the sky,” he said. “Russians are not playing games on international laws. They don’t care about any kind of international agreements…
Power engineers and emergency teams have restored power supply in most of the cities and villages de-energized after Russian missile attacks on critical infrastructure on October 10, Prime Minister Denys Shmyhal has reported on Telegram. “For the second day in a row, the terrorist state continues its massive attack on energy infrastructure facilities. On October…
As the Lithuanian parliament, Seimas, starts deliberating the 2023 government spending bill, Finance Minister Gintare Skaiste says the primary focus is on supporting households and business in shouldering high energy prices. “The government is presenting the budget bill today, and we see it as a kind of shield to protect the population in this uncertain…