The state-owned energy group Eesti Energia has started up all its production capacities due to the increased demand for electricity, but this will not help bring the current extremely high stock exchange prices down. Eesti Energia spokesperson Priit Luts confirmed that the Narva power plants did not contribute to the formation of the high prices.…
Deputy Minister of Foreign Affairs of Ukraine (CDTO) Dmytro Senik presented the economic potential of Ukraine to the leadership of the Oman Chamber of Commerce and Industry. “The visit of the Ukrainian business mission to the Sultanate of Oman, which began on December 6, is provided by the Exporters and Investors Council (EIC) under the…
In November, 1,429 new commercial vehicles were purchased and registered on the Ukrainian market, up 1.5-fold YoY, according to the Ukrainian Motor Vehicle Manufacturers Association (Ukrautoprom). Citroen vehicles experienced the biggest demand in November. Ukrainians purchased 272 commercial vehicles of this brand, up almost 3-fold. The second in terms of sales was Renault (234 vehicles…
Lithuanian politicians have proposed harmonising language requirements for all foreigners working in the country’s service sector. Currently, only those with employment contracts must take the Lithuanian language exam. But self-employed foreigners say the exam is unnecessary and would be hard to pass for some. Beardland, a barbershop in Vilnius, employs only foreigners. None of them…
According to information from Lursoft, currently there is EUR 18.7 million of investments from Belarus registered in base capital of Latvian enterprises. In total, there are 727 investors from Belarus registered in Latvia. These people have invested funds into base capital of 718 businesses. The December 2 regulation issued by the Council of Europe regarding…
Electricity rate for low-income citizens (families) has been reduced in Kyrgyzstan. The President Sadyr Japarov signed the corresponding decree. Earlier, at a meeting of the Security Council, the head of state instructed to work out a mechanism to reduce the electricity rate for this category of citizens. The purpose of the decree is targeted social…
The Georgian government has plans to decrease the country’s external debt to 51.1% of the Gross Domestic Product (GDP) next year, Prime Minister Irakli Garibashvili has announced. Georgia’s external debt amounted to 58.66% of GDP in 2020, nearly 29.3 billion GEL, which increased to a critical 60% of GDP this year. Garibashvili said that Georgia…