The United States has increased COVID-19 related funding for Ukraine by $1.8 billion. “Earlier this month, the United States announced an increase in COVID-19 related funding for Ukraine, from $15.5 million to nearly $17.3 million. The newest funding of nearly $1.8 million will support the International Organization for Migration’s activities in eastern Ukraine, supporting internally…Details
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Over half of the enterprises that make up Georgia’s packaging value chain lost more than 50% of their income to lockdown and 83% considered the pandemic a significant threat to their continued operation, said a new study of the European Union and the United Nations Development Programme (UNDP) based on interviews with over 500 companies.…Details
Although the government decided last week to allocate EUR 4 million to cover costs for renewable energy instead of raising prices, there is still an estimated EUR 9-million shortfall not covered for producers of renewable energy. There is now a decision to be made if support for those production fees should be allocated out of…Details
The Deposit Guarantee Fund sold insolvent banks’ assets worth UAH 184.56 million last week, the fund’s press service reported. “Last week (July 6-10) the assets of seven banks, which were in the management of the Fund, were sold for a total sum of UAH 184.56 million,” reads the report. In particular, UAH 146.49 million was…Details
The volume of non-cash payments in May grew to 55.5% of all operations from 50.3% in January, and their number increased to 87% from 82.4%, the press service of the National Bank of Ukraine (NBU) reported on its Facebook page. “During the quarantine, non-cash payments proved their safety and convenience. Therefore, the choice of Ukrainians…Details
This year AS Sadales tikls plans to invest more than EUR 60 million in efforts to restore existing power lines to restore 1,600 km of power lines, 460 transformer sub-stations, as well as reconstruct in sub-stations Janciems, Milgravis, TEC-1, Valka, Salacgriva and Plavinas, as reported by the company. Planning investment projects and technical solutions, AS…Details
Many Finnish companies are currently re-evaluating the internationalization plans due to the COVID-19 pandemic, a source in Finland’s Ministry of Foreign Affairs has reported. The official said that focus areas for Finnish businesses in Kazakhstan were energy, cleantech, digitalization and education. “For instance, in education, the last few years saw an opening of an innovative…Details