Grid distributor Elektrilevi has acquired competitor Imatra Elekter, Estonian subsidiary of a Finnish firm, for EUR 28.9 million. The move means Elektrilevi now serves nearly all customers nationwide. Board chair at Elektrilevi Mihkel Harm said of the deal: “The merger of two companies and full integration of systems will take close to two years, according…
Uzbekistan’s foreign trade turnover amounted to $18 billion in January-June, up by 13.6% YoY. The country’s statistical committee said that the number was still below the pre-pandemic figure of $19.6 billion. Exports exceeded $7 billion, expanding by 12.3%. Imports increased by 14.3%, to $10.9 billion. The negative balance of foreign trade turnover amounted to $3.9…
Ukraine has slightly reduced its own agricultural exports to the European Union, but retained the fourth place among the top five largest exporters to European countries. The European Commission published the relevant data in its report “Monitoring EU Agri-Food Trade: Developments January-April 2021”. “The top origins for EU agri-food imports in the first four months…
The development of financial intermediation is an important element in stimulating economic growth. That’s according to First Deputy Prime Minister, Minister for Economy of Ukraine Oleksiy Liubchenko who penned an op-ed entitled “Key tasks for Ukraine’s economic growth”. “The banking system, as an institution of financial intermediation, should qualitatively improve the efficiency of its activities,…
In about 10 years construction of all highways will be completed in Georgia, households across the country will have unfettered access to water supply, all municipal landfills will be replaced by modern regional centers, regions will be socially and economically developed, municipalities will be strengthened and their capacities will increase, Infrastructure Minister Irakli Karseladze has…
The number of people employed in the Estonian startup sector grew by 130% in five years, whereas the sum total of labor taxes paid by the sector’s companies more than tripled during the same period, Startup Estonia reported. In 2016, when systematized data on the sector began to be collected, a total of 2,625 people…
The Ministry of Energy and Industry of Kyrgyzstan abandoned the idea of increasing tariffs for the population. This is the recommendation given by the President of the country: the situation in the energy sector is still difficult, but the financial situation of people should also be taken into account. The low-water period continues to complicate…