The Ukrainian Finance Ministry believes that direct financing of the state budget from the International Monetary Fund (IMF) should be stopped until 2023, Finance Minister Serhiy Marchenko has declared. According to Marchenko, the IMF currently provides money directly to the budget to finance the budget deficit. The Finance Ministry wants the IMF to allocate money…Details
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JSC Ukrzaliznytsia in the near future intends to launch trains to the territory bordering the temporarily occupied Crimea. Ukraine cannot launch trains to the peninsula yet, JSC Ukrzaliznytsia Board Chairman Volodymyr Zhmak has declared. “We are working on the resumption of railway connection with the territories adjacent to Crimea. Unfortunately, we cannot enter Crimea itself,”…Details
Kyrgyzstan asks Russia to increase the number of regular flights to reduce ticket prices, Stalbek Sharsheev, Director of the Civil Aviation Agency of the Ministry of Transport and Roads of Kyrgyzstan, has announced at a press conference. “There are currently two regular flights to the Russian Federation per week. Flights from Bishkek to Moscow are…Details
From January 20 the Enguri hydro power plant (HPP), the largest electricity producer of Georgia that supplies its Russia-occupied region of Abkhazia, will be closed for repairs for three months. Economy Minister Natia Turnava has announced that while the dam is closed, Abkhazia will receive electricity imported from Russia. “Shutting down the Enguri HPP will…Details
State-owned Eesti Energia group alone established close to 300 solar power plants for its clients with a total capacity of 8 MW through 2020. Options are available for private individuals to generate solar power via panels installed on their property and then sell any surplus. CEO of Eesti Energia renewables subsidiary Enefit Green Aavo Karmas…Details
The National Bank of Ukraine (NBU) has held a refinancing tender to provide 15 banks with UAH 8.472 billion ($302 million) in refinancing loans at an interest rate of 6% per annum, with a five-year maturity period. In addition, the regulator satisfied the applications of two banks for UAH 182 million ($6.5 million) in refinancing…Details
In 2020, Ukraine increased exports of vegetable and animal fats by 22% and remained the largest sunflower oil exporter to the European Union. “As for vegetable and animal fats, Ukraine increased exports of these products by 22%. This growth was achieved primarily due to the growth of sunflower production, domestic processing and increased sales of…Details