The Ministry of Finance of Latvia (MoF) is proposing that, from January 2027, the functions of registering, licensing, and supervising non-bank lenders be transferred to the Bank of Latvia, according to information published on the Legal Acts Drafting Portal. The MoF has prepared an informational report on the designation of a single licensing and supervisory…
The Cabinet of Ministers of Ukraine has decided to include two new industrial parks – Fursy (Kyiv region) and Misto Diy (Lviv region) – in the Registry of Industrial (Manufacturing) Parks. The implementation of these projects will create a total of over 1,000 new jobs in the manufacturing sector. The Fursy industrial park is located…
As of the end of December, more than 29,000 generators and 570 MW of distributed gas generation have been installed at municipal enterprises across Ukraine, Deputy Minister for Communities and Territories Development Kostiantyn Kovalchuk has said. “Yes, as of today, more than 29,000 generators have been installed at municipal enterprises in Ukraine, along with about…
American investment company Stonpeak has entered into an agreement with Baltic telecom operator Bite Group to acquire TeleTower’s operations in Lithuania and Latvia. This was announced in a Stonpeak press release. The deal aims to create an independent tower management company as part of a strategic partnership to increase investment in the Baltic mobile network…
Luminor Bank’s Chief Economist Lenno Uuskula said Estonia’s declining birth rates would bring economic problems in the future, for example, in healthcare and paying pensions. In November, 721 children were born in Estonia. In total, 8,442 children were born in the first 11 months of this year. Uuskula said that while discussion about economic cycles…
Lithuanian Airports (LTOU) estimated that in October and November, they incurred losses of around EUR 200,000 due to smuggling balloons arriving from Belarus, which most significantly disrupted operations at Vilnius Airport. According to the airports, the amount consists of lost revenue and other direct losses (wages, operational expenses, etc.). According to LTOU Communications Manager Vitalija…
The Government continues to develop the cogeneration network. It will ensure energy security for communities and independence from large facilities that are being deliberately destroyed by the enemy. Prime Minister of Ukraine Yulia Svyrydenko emphasised this and announced that she had instructed the Ministry of Energy to submit a plan for increasing cogeneration for the…