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…Details
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Kazakhstan’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.…Details
Governor 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…Details
In 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.…Details
Ratings 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…Details
North 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…Details
To 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…Details