Estonia: Latvenergo enters gas market

Latvenergo’s energy trading company in Estonia – Elektrum Eesti – has commenced selling natural gas to business clients, as confirmed by the company. Elektrum Eesti is the second largest electrical energy trader in Estonia. Now it will also start selling natural gas in addition to electricity, expanding the company’s services. The company will offer gas…

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Latvia: construction costs up in August 2017

Compared to July, the level of construction costs in Latvia grew by 0.1% in August. Maintenance and operational costs of machinery and equipment rose by 0.4%, labor remuneration of workers decreased by 0.1%, whereas prices of building materials did not change significantly. Compared to August 2016, construction costs increased by 2.3%. Labor remuneration of workers…

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Belarus: BelAZ signs strategic partnership agreement with Russian electric drive company

The Belarusian heavy truck manufacturer BelAZ and the electric motors manufacturer OOO Sibelektroprivod signed an agreement on strategic partnership in Novosibirsk. The two companies will continue working together as part of the joint project aimed at creating an electric traction drive for BelAZ dump trucks with the carrying capacity of 90 tons. Apart from that,…

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Azerbaijan: economy to grow in 2018

The Asian Development Bank (ADB) expects that Azerbaijan’s GDP growth will be 1% in 2018, according to the “Asian Development Outlook 2017 Update: Sustaining Development Through Public-Private Partnership”. Azerbaijan’s GDP growth rate decreased by 3.8% in 2016. The ADB expects that the recession will continue in 2017, but its pace will slow down. Thus, according…

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