Ukrainian economic recovery and energy sector reform are in line with the European Green Deal, Deputy Energy Minister of Ukraine Yaroslav Demchenkov has said at the 11th session of the IRENA Assembly. Demchenkov noted that Ukraine adhered to the UN Sustainable Development Goals and the Paris Agreement. The Ministry of Energy is reviewing current Ukraine’s…Details
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Looking at the budget, Riga City Council Finance and Administrative Affairs Committee supported increasing wages for the city council chairman, vice-chairmen, heads of committees and deputies instead of freezing the wage increase process similarly to other municipalities and state institutions. The proposal to freeze the increase of wages was suggested by members of Harmony political…Details
One of the oldest financial institutions in Uzbekistan, Uzpromstroybank saw its assets increased to $4.7 billion in 2020, its board said. Credit portfolio in the reporting period soared to $3.8 billion, the volume of deposits to $1.1 billion and total capital to $642 million. Last year, the bank financed a total of 978 projects. These…Details
NyxAir that started operating passenger flights between Tallinn and Kuressaare late last year reports growing passenger figures and a full plane on weekends. Almost one third of seats were occupied on average during the last weeks of 2020. CEO Jaanus Ojamets said that while January figures were not in yet, average seat occupancy for December…Details
Retail trade in Ukraine grew by 8.4% in comparable prices in 2020 against 2019. Retail turnover increased the most in Kyiv region (by 18.7%), Zaporizhia region (by 15.7%) and Chernihiv region (by 14.2%), according to the Ukrainian State Statistics Service. Meanwhile, the turnover dropped by 2.7% only in Zakarpattia region, the report said. Retail trade…Details
The National Bank of Ukraine (NBU) has decided not to change the discount rate and leave it at the level of 6%, NBU Governor Kyrylo Shevchenko says. “The Board of the National Bank decided to keep the discount rate unchanged at 6% per annum,” Shevchenko said at a briefing on January 21. The NBU notes…Details
On January 21, Latvia’s Cabinet of Ministers decided to allocate EUR 600,000 from the state budget for emergencies to support non-government organizations (NGOs) to compensate for the negative effect of Covid-19 crisis in 2021, as reported by Culture Ministry. Because of the spread of the pandemic, restrictions put in place by the government continue causing…Details