Uzbekistan’s State Assets Management Agency (SAMA) said it was conducting preparations for the privatization of the Ferganaazot, one of the country’s largest producers of mineral fertilizers. The plant produces ammonia, urea, ammonium nitrate, CAS, as well as a number of other chemical products. The government plans to sell 99,02% of its share in the enterprise.…
President of Ukraine Volodymyr Zelensky and President of the Republic of Moldova Maya Sandu have discussed issue of energy security. According to the President’s Office, on October 30, the leaders discussed possible areas of further bilateral cooperation in order to prevent the energy crises. Sandu thanked Zelensky for the timely and urgent assistance amid the…
The National Bank of Ukraine (NBU) projects that inflation will slow to 9.6% at the end of 2021 and then will gradually return to the 5% target in 2022. “Having peaked in September-October, inflation will begin to decelerate to reach 9.6% at the end of 2021. In 2022, it will decline to its 5% target…
Georgia has historically focused on hydropower, USAID is supporting diversification into wind and solar, renewable sources which are expected to be less vulnerable to climate change, the USAID mission in Tbilisi says. USAID is prioritizing Georgia’s energy sector for several reasons. “First, a stronger, more diversified energy sector helps Georgia build resilience against malign influence.…
Lithuania’s gross domestic product (GDP) grew by 5.2% YoY in January-September, slightly exceeding earlier expectations of the country’s central bank. According to data released by Statistics Lithuania, the country’s economic activity over the first three quarters of 2021 totaled 40.5 billion euros, up by 5.2%. The economy got a positive boost from industrial production, wholesale…
The National Bank of Kyrgyzstan conducted its third intervention in October. A total of $25.7 million was sold with settlements on the date of the transaction and $24.3 million – with settlements different from the date of the transaction. Last month, the National Bank spent $87.8 million on maintaining the som’s exchange rate. Since the…
NJSC Naftogaz Ukrainy has won a tender from the Moldovan state-owned company Energocom to supply 500,000 cubic meters of gas, according to Director for Naftogaz Integrated Communications Department Maksym Bielawski. “Naftogaz has won the tender for the supply of gas to the state-owned Moldovan company Energocom. The volume is 500,000 cubic meters,” Bielawski told reporters.…