The possibilities for, and speed of, wind farm development vary across the Baltic States, though the need for additional electricity production is a common one. Estonian company Utilitas owns the new Targale wind farm, as well as the older and smaller Grobina wind farm in Latvia. The Estonian company has numerous other developments underway in…
The Government has allocated over UAH 700 million for the repair of motor roads in the frontline regions of Sumy and Kharkiv, as well as in Poltava. The Prime Minister of Ukraine, Yulia Svyrydenko, announced this. “These are important logistics roads used to transport military equipment and humanitarian cargo, as well as to evacuate people.…
Russian forces continue large-scale attacks on Ukraine’s energy infrastructure, causing a difficult situation in several regions, including Chernihiv, Sumy, and Kharkiv. Ukrainian President Volodymyr Zelensky said this in his nightly video address. “Of course, today, from early morning, numerous reports were delivered regarding recovery efforts in regions after Russian attacks on our energy infrastructure. The…
German discount retailer Woolworth has opened its first store in Slovakia, marking the start of an ambitious push into central Europe’s budget retail market. The chain’s debut outlet – in Bory Mall, a major shopping centre in Bratislava – spans 1,100 square metres across two floors. It sells a broad range of non-food products, from…
On October 22, in Baku, Azerbaijan, Latvia, Estonia, and Finland signed 11 memorandums of understanding as part of the “Central Baltic – Azerbaijan” business forum. Three documents each were signed by the Caspian Energy Club, the National Confederation of Entrepreneurs (Employers) Organizations of Azerbaijan (ASK), and the Nordic Business Community Azerbaijan with the Latvian Chamber…
The Minister of Defence of Ukraine, Denys Shmyhal, held talks with the Minister of Defence of Spain, Margarita Robles. In particular, the parties discussed arms transfers and participation in defence initiatives. “russia continues to terrorise our cities, seeking to destroy our energy infrastructure. Ukraine, therefore, urgently needs to strengthen its air defence, including through the…
On October 13-18, the team of the Ministry of Finance of Ukraine, headed by Minister of Finance Sergii Marchenko, took part in the Annual Meetings of the International Monetary Fund (IMF) and the World Bank. Over six days, the ministry’s delegation held more than 60 meetings with international financial leaders – including finance ministers of…