The state-owned electricity generator Eesti Energia has reduced its CO2 emissions by 50% YoY, the company says, and has tripled its renewables energy production over the same period. Hando Sutter, CEO of Eesti Energia, made the announcement, adding that the European Commission’s climate neutrality target for 2050 was achievable, even if oil shale production continued…Details
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In October the average nominal wage in Ukraine made up UAH 10,727, up by 16.4% YoY, according to the State Statistics Service of Ukraine. “In October the average nominal wage of a full-time employee of enterprises, institutions and organizations was UAH 10,727, up 2.6-fold from the minimum wage (UAH 4,173). The average nominal wage increased…Details
The National Bank of Ukraine (NBU) fined JSC European Industrial Bank, JSC Megabank, JSC Radabank JSC and JSC Oschadbank in November for the violation of legislation in the field of financial monitoring, the NBU’s press service has reported. “The National Bank of Ukraine, following the results of inspections on preventing and combating the legalization (laundering)…Details
Azerbaijan is weighing measures to further develop tourism potential of its Naftalan city, famous for crude oil spas that has health-giving properties. Deputy Chief Executive Officer of the Azerbaijan Tourism Board Bahruz Asgarov has said that a plan to develop Naftalan’s tourism has been already worked out and will be implemented in 2020. Addressing the…Details
In the first half of 2019 growth in export of Armenian wines was noticed compared to the same period of 2018, Director of the Vine and Wine Foundation of Armenia Zaruhi Muradyan said. This year various programs were implemented aimed at raising awareness on and exporting the Armenian wines. In 2019 the Armenian wines were…Details
Every year each household in Latvia spends 200 and more euros on food that ends up thrown away, as concluded in a research performed by Environment Protection and Regional Development Ministry. Aside from food, people also throw away packaging, which makes it impossible to recycle. In December the ministry commenced a special initiative “Thrown out,…Details
The Pension Fund of Ukraine has started to finance pensions for December, the fund’s press service has reported. “On December 2 the Pension Fund of Ukraine started to finance pensions in accordance with the established schedule,” reads the report. The sum worth UAH 603.2 million was allocated for pension payments. (Ukrinform/Business World Magazine)Details