Estonia: construction volume down in Q2 2020

Construction firms’ total production fell by 8% YoY in April-June, state agency Statistics Estonia reported. At the same time, the volume of residential buildings completed rose. The figures include construction by Estonian companies abroad, taking the home market alone, construction volume fell by 5%, Statistics Estonia said. The production value for construction enterprises totaled EUR…

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Ukraine: EUR 450-million road development agreement with EIB ratified

The Verkhovna Rada, Ukraine’s parliament, has adopted the law “On the Ratification of the Financial Agreement “European Roads Ukraine III (Trans-European Transport Network Development Project) between Ukraine and the European Investment Bank””. A total of 288 MPs voted for a respective decision at an extraordinary parliament meeting on August 25. The adoption of the law…

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Estonia: Elering pays out EUR 8 million in renewable energy subsidy in July 2020

Grid distributor Elering paid out EUR 8 million in renewable energy support and high-efficiency cogeneration support in July to several generators and other companies. Enefit Green, renewable energy subsidiary of state-owned Eesti Energia group, received EUR 440,900 and its subsidiary Enefit Wind got over EUR 1.7 million in renewable energy subsidies over the month of…

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Ukraine: strengthening corporate governance in state-owned banks NBU’s priority

Governor of the National Bank of Ukraine (NBU) Kyrylo Shevchenko and U.S. Charge d’Affaires a.i. in Ukraine Kristina Kvien discussed reforming corporate governance in state-owned banks, continuing cooperation with international partners, in particular the IMF, as well as strengthening cooperation between Ukraine and the U.S. Shevchenko noted that strengthening corporate governance and reducing the NPL…

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Ukraine: economy to resume growth in 2021

In 2021, Ukraine’s economy will resume growth, while inflation will remain moderate. These conclusions were reached during a meeting of representatives of the NBU, the Government and leading Ukrainian economists, the NBU press service reported on Facebook. The panelists agreed that in 2021 the economy would enter a growth trajectory, while inflation would remain moderate.…

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