On December 2, Tallinn city government approved the city’s budget for 2022, which would exceed the EUR 1-billion mark for the first time ever. The investment volume will almost double to EUR 269 million. “The total budget volume is greater than EUR 1 billion for the first time in history at a total of EUR…
Inflation not seen since before the 2009 crash is raising alarm among Lithuanian consumers and economists. Lithuania reported a 9.3% annual inflation in November, the highest rate in the euro zone, according to Eurostat, where it averaged 4.9%. It is likely, that Lithuania will end the year with double-digit annual inflation. “Inflation this monstrous was…
Investment enterprises have been idle for a month due to the lack of electricity, MP Aliyarbek Abzhaliev has told a meeting of the Parliament of Kyrgyzstan. He invited the Cabinet of Ministers to make a clear decision on the provision with electricity. “We are looking for investors. At the same time, we cannot provide the…
Ukraine is implementing eight projects worth a total of EUR 1.7 billion in cooperation with the European Bank for Reconstruction and Development (EBRD), the Finance Ministry’s press service reports. “As of November 1, there were eight projects worth EUR 1.7 billion in the implementation phase in the public sector, the funds for which were attracted…
As of the morning of November 30, there was 116,000 tons of coal in the warehouses of the combined heat and power plants run by PJSC Centrenergo, while for the whole heating season the company needed 1.671 million tons. That’s according to Olena Voloshyna, a member of the Centrenergo Directorate, who reported to the Verkhovna…
In Q3, the average monthly gross salary in the country for full-time work was EUR 1,280. Compared to Q3 2020, the average monthly salary increased by EUR 121 or by 10.4 %, but the hourly wages before taxes – by 4.4% (from EUR 8.09 to EUR 8.44). The average monthly gross salary increased by 3.4%…
The total production of industrial enterprises increased by 2.8% YoY in October, data from Statistics Estonia showed. Production increased by 11.8% in energy production and by 3.5% in manufacturing, but decreased by 39.7% in mining. Helle Bunder, analyst at Statistics Estonia, said due to the higher reference base of October 2020, the year-on-year growth in…