Ukraine in 2020 reduced foreign currency revenue from electricity exports by 25.9% against 2019, to $280.8 million. Hungary bought some 46.3% of Ukrainian electricity sold abroad ($130 million), while the share of Poland was 30.2% ($85 million) and that of Romania – 17.7% ($49.7 million), according to Ukraine’s State Customs Service. Electricity exports to other…
On January 25, Japanese credit rating agency R&I maintained Latvia’s credit rating at A-level with a stable future outlook, the State Treasury reported. In spite of the negative effect from Covid-19 pandemic, which caused a massive decline for Latvia’s economy in 2020, the agency claims the framework of economic growth is not affected and it…
The national energy company Eesti Energia will challenge Laane-Nigula rural municipality council’s decision to stop preparation work for the Risti wind farm. Thirteen members of the council voted for and five against terminating the special plan for the Risti wind farm on January 21. The council held an open vote. Several opponents of the wind…
Financial Police of Kyrgyzstan are checking the fact of unreasonable overpricing of air tickets to Russia, press service of the state agency reports. Employees of the State Service for Combatting Economic Crimes (Financial Police) made a test purchase of Bishkek – Moscow air ticket at one of the air ticket offices for 67,800 soms, where…
The Ukrainian economy will begin to recover in 2021 due to positive trends in foreign markets and monetary policy of the National Bank of Ukraine (NBU). Such forecasts were made by Ukrainian presidential advisor on economic issues Oleh Ustenko, the press service of the President’s Office reported. “If we talk about 2021 in general, we…
Ukrainian economic recovery and energy sector reform are in line with the European Green Deal, Deputy Energy Minister of Ukraine Yaroslav Demchenkov has said at the 11th session of the IRENA Assembly. Demchenkov noted that Ukraine adhered to the UN Sustainable Development Goals and the Paris Agreement. The Ministry of Energy is reviewing current Ukraine’s…
Looking at the budget, Riga City Council Finance and Administrative Affairs Committee supported increasing wages for the city council chairman, vice-chairmen, heads of committees and deputies instead of freezing the wage increase process similarly to other municipalities and state institutions. The proposal to freeze the increase of wages was suggested by members of Harmony political…