Solar power systems have been installed in highland villages that are not linked to the national electricity grid in Georgia’s eastern Akhmeta municipality. With the technical support of the USAID Energy Program 25 solar power systems have been installed for permanent resident families in the municipality, including the iconic mountainous region of Tusheti. Each solar…
The National Bank of Kazakhstan has made an unplanned decision to reduce the base rate to the level of 9% per annum with the expansion of the corridor to +/- 1.5%. Consequently, the rate for the liquidity provision standing facilities is 10.5% and for the liquidity withdrawal standing facilities – 7.5%. The decrease in the…
In June, the producer price index of industrial output increased by 1.7% MoM, but decreased by 2.3% YoY, data from Statistics Estonia showed. Eveli Sokman, leading analyst at Statistics Estonia, said the producer price index was on the rise again after a long time. “In June compared to May, the producer price index was affected…
The construction of a cargo terminal at Boryspil International Airport (Kyiv region) is scheduled to begin this fall, the press service of the European Business Association (EBA) has said, following a meeting of Deputy Infrastructure Minister Oleh Yuschenko and airport representatives. According to the EBA, with reference to the Ministry of Infrastructure, design work is…
The Verkhovna Rada, Ukraine’s parliament, has passed bill No. 2398-d on defense procurement in the second reading and as a whole. The draft law was backed by 276 MPs with at least 226 votes required. The bill defines the general legal framework for planning and forming the volumes and specifics of procurement of goods, works…
In June, actual unemployment rate comprised 9.8%, up by 0.2% MoM. Unemployment rate registered by the State Employment Agency (SEA) accounted for 8.6%, and, compared to May, rose by 0.2%. Unemployment rate increase may be observed also when comparing the data to the June of the previous year – of 3.5% in actual unemployment rate…
Swedbank’s earnings in January-June were EUR 88 million. Compared to the first half of 2019, earnings dropped by EUR 9 million, which could mostly be attributed to increased credit losses. The bank announced that due to restrictions set to alleviate the spread of COVID-19, a drop in consumption and a decrease in pension fund management…