Latvia: budget for 2021 lacks ambition

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.…

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Ukraine: EUR 300 million to be attracted from EIB to improve energy efficiency

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…

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Estonia: Harju Elekter inks EUR 20-million contract with Finnish grid distributor

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…

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Turkmenistan: impact of transport on climate change reviewed with ESCAP participants

Turkmenistan has participated in the discussions of the UN Economic and Social Commission for Asia and the Pacific (ESCAP) about the impact of transport on climate change. During the meeting, issues of cooperation within ESCAP and prospects for its promotion were discussed. Turkmenistan pays special attention to finding solutions to climate change problems, reducing the…

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Kyrgyzstan: Bishkek and Tashkent to cooperate in trade, economic and cultural spheres

Bishkek and Tashkent will sign an action plan for implementation of an agreement on cooperation in trade, economic, cultural and humanitarian spheres between the City Hall of the capital of Kyrgyzstan and the khokimiyat of Tashkent city. It was announced at the meeting of the Mayor of Bishkek Aziz Surakmatov with the Ambassador Extraordinary and…

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Ukraine: transport enterprises record 17% fall in cargo transportation in January-August 2020

The freight turnover of Ukrainian transport enterprises in January-August shrank by 17.1% YoY, to 185.7 billion ton-kilometers, the State Statistics Service reported. In total, these companies transported 382.2 million tons of cargo, down by 13.4%. According to the State Statistics Service, the cargo turnover of Ukrainian transport enterprises in 2019 grew by 2.1% YoY, to…

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Uzbekistan: 1.5 million tons of soybean per year needed to load processing capacities

Uzbekistan processes 70-80 thousand tons of soybean annually. However, the country needs 1.5 million tons of the oilseed to load its processing capacities, declared the vice-chairman of the Uzyogmoysanoat Association, Ahror Abdurahimov. He said that the soybean-processing stagnated in Uzbekistan, as there were problems with soybean purchasing due to high logistical costs. “If we get…

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