The US Treasury Department’s Office of Foreign Assets Control (OFAC) has officially confirmed that Washington’s sanctions against Belaruskali, one of the world’s largest potash fertilizer producers and exporters, are not binding on Lithuania’s state-owned railways. Belaruskali, considered a lifeline for the regime of Alexander Lukashenko, exports a large share of its production via Lithuania. Lietuvos…Details
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Nominal Gross Domestic Product in Georgia equaled 15.99 billion GEL in the third quarter of 2021 and real GDP grew by 9.1%, while the GDP deflator (inflation measure) increased by 9.4% in the reporting period, preliminary data from the National Statistics Office of Georgia (Geostat) showed. The highest real GDP growth was registered in the…Details
On December 18, negotiations of the Uzbek delegation taking part in an extraordinary meeting of the Council of Foreign Ministers of the Organization of Islamic Cooperation were held in Islamabad, with acting Minister of Foreign Affairs of Afghanistan Amir Khan Muttaqi. During the conversation, the parties discussed the current state of bilateral relations, the prospects…Details
December 20 saw the market price of electricity triple compared to December 19 in the Estonian price area of the Nord Pool exchange. The average price was EUR 88.01 on December 19 and EUR 269.82 on December 20. The price was the highest between 6 p.m. and 7 p.m. hitting EUR 468 per megawatt-hour. Prices…Details
President of Kyrgyzstan Sadyr Japarov, as part of his working trip to Jalal-Abad region, got acquainted with the progress of construction of an alternative North – South road. In particular, he examined the progress of the construction of the tunnel through Kok-Art pass. The Ministry of Transport noted that construction of 2,991 meters of the…Details
The World Bank approved a EUR 300-million loan to support reforms and mitigate the impacts of the COVID-19 pandemic in Ukraine. “The World Bank’s Board of Executive Directors approved the EUR-300 million Second Economic Recovery Development Policy Loan (DPL) for Ukraine in support of reforms critical to the country’s economic recovery and growth, and to…Details
On December 16, the Verkhovna Rada of Ukraine passed at the second reading the law on the creation of preconditions for sustainable development and modernization of domestic industry, providing for the establishment of localization requirements when purchasing machine-building products. Bill No. 3739 was supported by 323 MPs. The adopted document improves the public procurement procedure…Details