The European Network of Transmission System Operators (ENTSO-E) has increased the available cross-border capacity for Ukraine’s electricity exports towards the EU to 300 megawatts. Such capacities will be available to Ukrainian exporters during peak consumption hours. The relevant decision was made by the Transmission System Operators (TSOs) of Continental Europe at a meeting of the…
As part of this year’s small-scale privatization, Ukraine aims to privatize at least 150 small state-owned enterprises. According to the Ministry of Economy, the received funds will be directed to the needs of the Armed Forces of Ukraine. Bidding will start from the book value of an asset, and the final price will be determined…
The Lithuanian Armed Forces is undergoing significant upgrades. Construction of a new military campus has started near Vilnius, and two more will soon be launched in Silale and Siauliai. New ammunition depots are also being built. In addition to that, the ministry is planning to buy new weapons and expects the military budget, which has…
The second half of next year should bring inflation down below 10%, according to Pawel Borys, head of the Polish Development Fund (PFR). On August 31, Poland’s statistical office said August inflation stood at 16.1% YoY and increased by 0.8% MoM. Borys said that he believed Poland’s inflation would not exceed 20% this year, while…
Using fuel oil, or mazut, for district heating in Vilnius during the coming winter season will help keep heating bills for households down, according to Mayor Remigijus Simasius. “We can see that prices for all energy resources are absurdly high. This is affecting us in Vilnius just as much as anywhere else. It’s just that…
The turnover received by the Georgian business sector increased by 19.2% YoY and amounted to GEL 41.7 billion (about $14.53 billion) in the second quarter of 2022, the latest data published by the National Statistic Office of Georgia showed. The value of production generated by the business sector increased by 25.3% and amounted to GEL…
Businessman Igor Udovickij, the top shareholder of Biriu Kroviniu Terminalas (Bulk Cargo Terminal, or BKT), a Klaipeda port company that used to handle Belarusian fertilisers, has applied for regulatory clearance to buy 30% of BKT’s shares from the sanction-hit Belarusian fertiliser producer Belaruskali. “Concentration is being implemented by Igor Udovickij by purchasing 30% of shares…