The launching of Baku-Sofia direct flight will contribute to the development of tourism and business relations between Azerbaijan and Bulgaria, Bulgarian Prime Minister Boyko Borissov said. Borisov made the remarks at an expanded meeting with Azerbaijani President Ilham Aliyev in Baku on January 15. “An encouraging fact is that up till now we have resolved…Details
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Gas reserves in Ukraine at a current rate of production, which is about 20.5 billion cubic meters per year, will be enough for 22 years, according to the Chairman of the NJSC Nadra Ukrayny Board Yaroslav Klymovych. “There are 402 hydrocarbon deposits in Ukraine, including 269 deposits being in commercial development. Ukraine’s state balance of…Details
Lviv plans a UAH440 million bond issue (to be issued in two tranches in 2018), Fitch Ratings said in a press release on January 15. “For 2018 Lviv’s direct debt may increase to UAH 440 million, or a still 4.7% below current revenue (from less than 0.1% in 2014-2017), if the city is successful in…Details
The number of green energy contracts concluded by customers with the state-owned Estonian energy group Eesti Energia tripled during 2017, hitting 10,045 by year-end. Households with a green energy contract consume energy generated 100% from renewable sources, Eesti Energia says. “By buying green energy, our clients are influencing the development of electricity production, with a…Details
The National Company KazMunayGas JSC and China National Petroleum Corporation held bilateral negotiations in the furtherance of the agreement signed earlier by the heads of the two states, the press service of the national company reported. During the meeting, the sides agreed on the future increase in the Kazakh gas exports to China, up to…Details
The National Bank of Kyrgyzstan conducted the first intervention this year to sell dollars. The bank sold $5.4 million with settlements on the date of the transaction. Growth in dollar exchange rate forced the National Bank to enter the currency market. Since the beginning of the year, the currency has risen in price by 50…Details
The Ukrainian delegation led by Chairman of the State Agency on Energy Efficiency and Energy Saving of Ukraine Serhiy Savchuk participated in the Legislators Forum in Abu Dhabi, UAE, on the eve of the opening of the eighth session of the IRENA Assembly. “More than 60 parliamentarians from 30 countries, including Ukraine, discussed effective legislative…Details