The average price of Estonia’s electricity in the Nord Pool area on January 26 was EUR 165.10 per megawatt-hour – over EUR 100 more than on the same day a year ago. Electricity was the cheapest in the morning between 3 a.m. and 4 a.m. costing EUR 88.65 and the most expensive between 9 a.m.…Details
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Lithuania reported inflation of 11% at the end of last year. However, the peak is yet to come, as prices are expected to increase further in February, according to the SEB bank economist Tadas Povilauskas. In 2021, the average annual inflation was 4.5%. This year, it should reach 7.2%, decreasing to 1.8% in 2023, SEB…Details
Ukraine is implementing 25 public sector projects worth EUR 5.2 billion in cooperation with the European Investment Bank (EIB), according to the press service of the Finance Ministry. “Currently, the EIB’s project portfolio in the public sector includes 25 projects worth EUR 5.2 billion, three more projects worth EUR 570 million are at the stage…Details
Continued escalation without military invasion is also part of Russia’s scenario, which has a strong impact on the Ukrainian economy and stability of the banking sector. This was stated by Deputy Prime Minister for European and Euro-Atlantic Integration, Olha Stefanishyna, who spoke on the sidelines of an international symposium dedicated to the Babyn Yar tragedy.…Details
Between October and December 2021 the amount of money owed by clients of Riga municipality’s JSC Rigas siltums for the heating energy supplied this season was slightly above EUR 15 million. Payments collected accounted for 82% of all issued heating service receipts, as reported by Rigas siltums representative Linda Rence. She said clients’ payment discipline…Details
The Belarusian state-owned potash manufacturer Belaruskali says it intends to demand damage compensation from Lithuanian Railways (LTG), which is terminating transportation contract on February 1. The Lithuanian government has terminated the contract on transporting Belarusian fertilizers across the country, quoting national security. Belaruskali has been under US sanctions since December 2021. LTG has confirmed that…Details
Construction work to redesign Tallinn’s Vana-Kalamaja Street and the surrounding area will start this coming spring, Tallinn has confirmed. In total, 1.1 kilometers of the street will be redesigned including the pedestrian crossing from Toompuiestee to Nunne Street. Construction is scheduled to begin in the spring and should be completed until the end of 2022.…Details