Over the past year, the consumer price index has increased by 7%, data from Statistics Estonia show. The last time the rise was so high was in December 2008. The consumer price index fell by 0.2% compared to September 2021, but rose by 7% compared to October 2020. Goods were 6% and services 8.9% more…
Seven years ago, the liquefied natural gas (LNG) floating storage terminal, Independence, pulled into the Lithuanian port of Klaipeda. The terminal is crucial for Lithuania’s energy security, experts say. During the first nine months of 2021, Independence has been the main source of natural gas imports to Lithuania – more than 65% of gas reached…
The European Bank for Reconstruction and Development predicts that at year-end 2021, the economy of Kyrgyzstan will grow by 2.5%, report of the European Bank for Reconstruction and Development on regional economic prospects says. The bank cut its forecast for economic growth compared to June estimates by 4.1%. In summer, the EBRD assumed that the…
In January-October, 254 participants left the market of non-bank financial institutions, and 156 new participants entered the market, according to the Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko. “Over ten months of 2021, 254 institutions left the market. Currently, 1,920 participants operate in the market of non-bank financial institutions. Instead, in ten…
The competent authorities of Ukraine and Jordan this week approved the form of a certificate for the export of milk and dairy products from Ukraine. “This week we opened another market – the export of Ukrainian dairy products to Jordan. The competent authorities of the two countries agreed on the form of a certificate for…
The number of people receiving social assistance in Georgia reached 633,000 in October, Social Service Agency reported. As of today, 17% of the Georgian population receive social assistance, while the total amount of benefits given to the socially vulnerable exceeded 43 million GEL (about $13.61 million or EUR 11.79 million) in October. The number of…
Estonia is transitioning away from being a net exporter of electricity to a net importer, particularly at peak times, the Competition Authority (Konkurentsiamet) says. This is further weakening the grid system, and also causes concern for the long-term as, while grid synchronization with the EU by 2025 will reduce dependency of electricity of Russian and…