The Estonian Competition Authority on November 19 rejected a complaint by Eleon Group, an energy company owned by Andres and Oleg Sonajalg, which contested the authority’s decision to allow the merger of renewable energy producer Nelja Energia and the Estonian state-owned energy group Eesti Energia. The Estonian Competition Authority said that it had not violated…
DetailsGeorgia is increasing its role as an important trade partner for the European Union (EU), the Commonwealth of Independent States (CIS) and other countries. In January-October trade turnover with EU countries increased by 18.6% (amounting to $2.76 billion) and with CIS countries by 27.4% YoY, to $3.51 billion, says the National Statistics Office of Georgia…
DetailsIn the three quarters of the current year Kazakhstan produced 466.2 million liters of beer, up by 5.7% YoY. The main producers were Carlsberg Kazakhstan and Efes – their combined share amounted to about 75% of total production in the country. In the regional context, Almaty and Almaty region accounted for 62.2% of total production…
DetailsPrime Minister Volodymyr Groysman says that Ukraine’s economy has been growing for 11 quarters in a row, but the government still needs external support so that to pay off its foreign debt, the government portal reports. “The economy has been growing for 11 quarters in a row, which means the recovery has begun. In general,…
DetailsAs of November 14 there were 17 billion cubic meters of gas in Ukrainian underground storage facilities. Thus, Ukraine has consumed 200 million cubic meters of gas since the start of gas extraction, the press service of NJSC Naftogaz of Ukraine reported. The company noted that current gas stocks were 300 million cubic meters or…
DetailsThe Asian Development Bank (ADB) approved a grant of $35 million to re-connect the electricity system of Tajikistan with the Central Asian Energy System (CAEC). This will help expand regional energy trade and improve energy efficiency between the CAEC countries, according to the ADB press release. The interconnected energy system in Central Asia will benefit…
DetailsFollowing an announcement that it was shutting down three regular routes from Tallinn, Estonian national airline Nordic Aviation Group AS, operating under the Nordica brand, announced that it would be cutting eight routes from the Estonian capital next summer. While Nordica flew to 21 destinations this summer, beginning next summer, the flag-carrier airline will operate…
DetailsThe Armenian government will provide more than AMD 191 million (some $400,000) to the Ministry of Transport, Communication and Information Technologies for the renovation of the road connecting Yerevan to the Iranian border. In particular, 448 km section will be repaired. Besides, the government will also give more than AMD 60 million ($124,000) for the…
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