The decline in industrial production in Ukraine in August – excluding adjustments for the calendar days effect – accelerated to 5.3% YoY after falling by 4.2% in July, the State Statistics Service reported. Taking into account the adjustment for the effect of calendar days, industrial output in August fell by 4.2%. August’s industrial output decreased…Details
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Minister of Labor and Social Protection Birzhan Nurymbetov claims in case of a possible second wave of coronavirus thousands of people in Kazakhstan may lose their jobs. While addressing the Government’s hour at Majilis, the lower chamber of the Kazakh Parliament, on September 24, minister Nurymbetov said the coronavirus pandemic had already challenged and had…Details
The proposed Latvian state budget for 2021 is sustainable, yet it lacks ambition, said Latvijas Banka’ President Martins Kazaks. “If I look at this story in general, I’m missing ambition”, evaluated the President of the Latvian central bank. Kazaks noted that, for example, the role of Riga in the Latvian economy had not been appreciated.…Details
Uzbekistan proposes to establish a Regional Center for the Development of Transport and Communications under the auspices of the United Nations, the President of Uzbekistan Shavkat Mirziyoyev has said. President spoke at the 75th session of the United Nations General Assembly. The General Assembly for the first time in the history of the United Nations…Details
The Cabinet of Ministers of Ukraine has adopted two resolutions to attract a EUR 300-million loan from the European Investment Bank (EIB) for energy efficiency, the Ukrainian Communities and Territories Development Ministry reports. The implementation of the resolution “On attracting a loan from the European Investment Bank for the implementation of Ukraine’s Public Buildings Energy…Details
NPC Ukrenergo proposes to increase the tariff for electricity transmission by almost 2.7 times, to UAH 640.48/MWh, starting from November 1 and to set green metallurgy tariff at UAH 108.83/MWh (as of August 1 the tariff for transmission was UAH 240.23/MWh, excluding VAT). The draft changes to the tariff for public discussion have been published…Details
Electrical equipment manufacturer Harju Elekter has concluded an eight-year, approximately EUR 20-million framework agreement with regional Finnish electricity distribution system operator Elenia OY. The parties signed the first agreement for the years 2021-2023, which granted the Finnish company the right to organize mini-tenders among partners who entered into the framework agreement. Additionally, a supply contract…Details