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Author Archives: admin

Latvia: increased threats cause rise of military expenditures

LatviaBy admin2022-01-27Leave a comment

With increased threats to state security, it will be necessary to allocate an additional EUR 350 million towards defense, said Latvian Minister of Artis Pabriks. According to him, the Ministry of Defense has compiled of list of need it would like satisfied and plans the ministry would like to see executed more quickly. The minister…

Georgia: 37.16 billion GEL deposited in December 2021

GeorgiaBy admin2022-01-27Leave a comment

Commercial banks in Georgia loaned 43.03 billion GEL and received deposits of 37.16 billion GEL in December 2021, the National Bank of Georgia (NBG) said. The volume of loans increased by 1.63 billion GEL (+3.93%) YoY. The number of deposits increased by 1.42 billion GEL (+3.96%) MoM. In December 2021, the sum of term deposits…

Estonia: electricity price down on January 26, 2022

EstoniaBy admin2022-01-27Leave a comment

The average price of Estonia’s electricity in the Nord Pool area on January 26 was EUR 165.10 per megawatt-hour – over EUR 100 more than on the same day a year ago. Electricity was the cheapest in the morning between 3 a.m. and 4 a.m. costing EUR 88.65 and the most expensive between 9 a.m.…

Lithuania: inflation to peak in February 2022

LithuaniaBy admin2022-01-27Leave a comment

Lithuania reported inflation of 11% at the end of last year. However, the peak is yet to come, as prices are expected to increase further in February, according to the SEB bank economist Tadas Povilauskas. In 2021, the average annual inflation was 4.5%. This year, it should reach 7.2%, decreasing to 1.8% in 2023, SEB…

Ukraine: 25 projects worth EUR 5.2 billion implemented in cooperation with EIB

UkraineBy admin2022-01-27Leave a comment

Ukraine is implementing 25 public sector projects worth EUR 5.2 billion in cooperation with the European Investment Bank (EIB), according to the press service of the Finance Ministry. “Currently, the EIB’s project portfolio in the public sector includes 25 projects worth EUR 5.2 billion, three more projects worth EUR 570 million are at the stage…

Ukraine: escalation part of Russia’s plot affecting economy

UkraineBy admin2022-01-26Leave a comment

Continued escalation without military invasion is also part of Russia’s scenario, which has a strong impact on the Ukrainian economy and stability of the banking sector. This was stated by Deputy Prime Minister for European and Euro-Atlantic Integration, Olha Stefanishyna, who spoke on the sidelines of an international symposium dedicated to the Babyn Yar tragedy.…

Latvia: debts of JSC Rigas siltums clients exceed EUR 15 million

LatviaBy admin2022-01-26Leave a comment

Between October and December 2021 the amount of money owed by clients of Riga municipality’s JSC Rigas siltums for the heating energy supplied this season was slightly above EUR 15 million. Payments collected accounted for 82% of all issued heating service receipts, as reported by Rigas siltums representative Linda Rence. She said clients’ payment discipline…

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