Ukraine: government to raise EUR 63-million loan from EBRD to modernize Ukrposhta’s network

The Cabinet of Ministers has approved a resolution to attract a EUR 63-million loan from the EBRD for the modernization of the logistics network and rural branches of JSC Ukrposhta, Ukraine’s national postal operator. The relevant decision was approved at a government meeting on October 21. “Ukrposhta continues to implement a large-scale investment program for…

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Latvia: SPRK approves AST’s plan to invest EUR 405 million in development

Latvia’s power transmission system operator AS Augstsprieguma tikls (AST) plans to invest EUR 405 million in development in a ten-year period from 2021 to 2030, according to the development plan approved by the Public Utilities Commission (SPRK). As reported by the company, the most considerable expenditures are associated with efforts to increase the transmission network’s…

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Latvia: Defense Ministry to focus on army modernization and cyber security in 2021

The main objectives of Latvia’s defense sector for 2021 will be modernization of the country’s army and enhancement of its cyber security, according to the legislative draft on the 2021 state budget. Defense Ministry’s planned expenditures for 2020 reach EUR 548,332,786, whereas next year’s expenditures are EUR 693,521,903. It is planned to spend EUR 201,863,149…

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