About 50 factories and businesses will undergo inspections in Georgia to check whether they are properly implementing the recommendations as regards the health and safety of employees amid the coronavirus outbreak, announces the Economy Minister of Georgia Natia Turnava. The government of Georgia suspended several economic activities in the country several days ago when it…
Minister of Rural Affairs Arvo Aller (EKRE) says that Estonia requires a small amount of foreign labor, but that the workforce in the sector could be boosted from among Estonians themselves, during the current coronavirus pandemic and its economic fallout. Aller noted that in the current situation, where unemployment was rising at a rate of…
Kazakhstan plans to build 28 new water reservoirs, the Minister of Ecology, Geology and Natural Resources Magzum Mirzagaliyev has announced. “In his Address to the people of Kazakhstan in September last year Head of State ordered to increase the area of irrigated land to 3 million hectares. In this regard it is necessary to create…
Ukraine’s National Energy and Utilities Regulatory Commission (NEURC) has approved rules for restriction management and regulations for the distribution of interstate intersection capacity. The rules that govern the distribution of interstate section capacity for exports and imports of electricity provide for the operation of an auction office, whose functions will be performed by the state-owned…
A gradual economic recovery in Ukraine is expected in the second half of 2020, but economic activity will remain lower than before the crisis and real GDP may drop by 5.9% this year, Ukraine’s Institute for Economic Research and Policy Consulting has said in a survey for April entitled “Ukraine’s Macroeconomic Forecast – Corona Crisis”.…
Lithuania is borrowing 1.5 billion euros from international financial institutions and using the money to ensure the liquidity of the state treasury. The European Investment Bank (EIB) will extend a loan of 700 million euros, while the Nordic Investment Bank (NIB) and the Council of Europe Development Bank (CEB) will lend 400 million euros each.…
The ongoing effects of the coronavirus crisis have led to lower consumption of electricity and in turn, a glut in CO2 quota allowances. This has resulted in a fall in electricity prices, though the latter is largely caused by an increase in hydro-generated power, say energy sector spokespersons. The CO2 quota prices at the same…