Grid distributor Elering paid out EUR 8 million in renewable energy support and high-efficiency cogeneration support in July to several generators and other companies. Enefit Green, renewable energy subsidiary of state-owned Eesti Energia group, received EUR 440,900 and its subsidiary Enefit Wind got over EUR 1.7 million in renewable energy subsidies over the month of…
DetailsKazakhstan’s real GDP growth is projected at 2.8% in 2021 given the planned measures to bolster the economic sectors are in place. Addressing the government session on August 25, the Kazakh Prime Minister, Askar Mamin, once again emphasized the difficult economic situation the world was facing now due to COVID-19, which also affected Kazakhstan’s economy.…
DetailsGovernor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko and U.S. Charge d’Affaires a.i. in Ukraine Kristina Kvien discussed reforming corporate governance in state-owned banks, continuing cooperation with international partners, in particular the IMF, as well as strengthening cooperation between Ukraine and the U.S. Shevchenko noted that strengthening corporate governance and reducing the NPL…
DetailsIn 2021, Ukraine’s economy will resume growth, while inflation will remain moderate. These conclusions were reached during a meeting of representatives of the NBU, the Government and leading Ukrainian economists, the NBU press service reported on Facebook. The panelists agreed that in 2021 the economy would enter a growth trajectory, while inflation would remain moderate.…
DetailsRatings agency Standard and Poor’s (S&P) has affirmed its long-term rating on Estonia at the current high level of AA-, while revising the outlook to stable from positive on COVID-19 related risks, the Ministry of Finance has said. The short-term rating was affirmed at A-1+. “Like all European economies, Estonia is severely affected by the…
DetailsNorth Kazakhstan formed a pool of 50 investment projects worth of KZT 287 billion. “Since the beginning of the year, KZT 119 billion has been attracted into the economy of the region, up by 18.8% YoY. The bulk of investments, more than 75%, falls on private investments. The volume of foreign investments made KZT 8.5…
DetailsTo contribute to implementation of investment projects in Riga’s transport infrastructure, the municipality’s interim administration decided to borrow EUR 8.9 million from the State Treasury, as confirmed by Riga City Council. This money is planned to be used on reconstruction of Ieleja Street and Asnu Street, outline red lines for parking areas along streets, cycling…
DetailsPresident of Ukraine Volodymyr Zelensky got acquainted with the completion of the overhaul of the state road H-14 Oleksandrivka – Kropyvnytskyi – Mykolaiv, restored within the framework of the Great Construction national program. “I am very pleased that we see infrastructure changes in Mykolaiv region and that about 200 kilometers of roads will be constructed…
DetailsScandinavian Airlines has resumed regular flights to Boryspil International Airport (Kyiv region). The airport’s website said that the airline planned to operate flights from Boryspil International Airport to Oslo International Airport once a week on Tuesdays. Scandinavian Airlines is a multinational airline company, the leading carrier of the Scandinavian countries, based in Stockholm (Sweden), owned…
DetailsIn the first half-year of 2020, a total of 23.346 million liters of alcoholic beverages (aside from beer) was produced in Latvia, down by 8.9% YoY, according to information from the State Revenue Service (VID). Additionally, small alcoholic beverage producers with valid licenses issued under beneficial conditions produced 35,000 liters of alcoholic beverages in the…
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