Industry is demonstrating signs of recovery, state agency Statistics Estonia says. The total production of industrial enterprises in Estonia rose by 16% YoY in May, the agency reported, while manufacturing saw aneven higher growth. As the largest economic sector and an important driver of economic growth, these figures are significant, the agency says, with analyst…
On July 7, Minister of Transport and Communications of the Republic of Lithuania Marius Skuodis and Minister of Infrastructure of Ukraine Oleksandr Kubrakov met in Klaipeda and discussed cooperation between the countries in the transport sector and possible new projects. According to the ministry’s press release, the countries intend to strengthen cooperation in the areas…
The high temperatures of June caused Estonians to consume more electricity, increasing their electricity bills considerably. Summertime electricity consumption in Estonia is always lower during summer than in winter as longer days and warmer temperatures take care of heating homes. Still, the recent heatwaves have led Estonians to look for cooling, fans flew off the…
The European Union (EU) will allocate EUR 3.9 billion to help Georgia improve transport and logistics connectivity, Georgian Prime Minister Irakli Garibashvili has announced after the meeting with European Commissioner for Neighbourhood and Enlargement Oliver Varhelyi. The EUR 3.9-billion aid package consists of a EUR 1.17-billion grant and the rest is a loan. Varhelyi said…
Member of Parliament of Kyrgyzstan Zhyrgalbek Turuskulov proposes to create cryptocurrency exchanges in Kyrgyzstan. The bill has been submitted for public discussion. According to him, the main motive for the creation and use of cryptocurrency assets is the ability to make transactions without participation of a third party and creation of alternatives to traditional financial…
Considering the rising demands in the world market for viticulture, Uzbekistan is planning to create its own brand and use its potential of exporting $600 million worth of grapes in the near future. This topic was under scrutiny at the recent videoconference chaired by President Shavkat Mirziyoyev. Vineyards occupy some 90,000 hectares of land in…
As of July 1, the amount of cash in circulation in Ukraine totaled UAH 585.2 billion, according to the press service of the National Bank of Ukraine (NBU) “As of July 1, cash totaling UAH 585.2 billion was in circulation, including 2.9 billion banknotes and 13.9 billion pieces of coins,” said Director of the NBU…