Lithuania is borrowing 1.5 billion euros from international financial institutions and using the money to ensure the liquidity of the state treasury. The European Investment Bank (EIB) will extend a loan of 700 million euros, while the Nordic Investment Bank (NIB) and the Council of Europe Development Bank (CEB) will lend 400 million euros each.…
DetailsThe ongoing effects of the coronavirus crisis have led to lower consumption of electricity and in turn, a glut in CO2 quota allowances. This has resulted in a fall in electricity prices, though the latter is largely caused by an increase in hydro-generated power, say energy sector spokespersons. The CO2 quota prices at the same…
DetailsMaximum price level for socially significant food products increased in Bishkek and Chui region of Kyrgyzstan, the State Agency of Antimonopoly Regulation reported. Bread, sugar and potatoes have risen in price: bread – by 1 som, from 39 to 40, sugar – by 3 soms, from 40 to 43, and potatoes – by 15 soms,…
DetailsThe number of vacancies in the Ukrainian labor market has decreased by 34% over the past two week of quarantine, the National Bank of Ukraine (NBU) has reported this in its weekly economic review. According to the report, during the second week of quarantine, the number of new vacancies continued to decline, although at a…
DetailsAlmost half of Ukrainians entrepreneurs (48%) of micro-, small- and medium-sized businesses surveyed by the Union of Ukrainian Entrepreneurs (UUE) consider it necessary to ease restrictive measures after the end of the coronavirus quarantine set in Ukraine until April 24. At the same time, 33% of respondents believe that it will be better to find…
DetailsThe economy of Georgia will recover from the impact of COVID-19 in 2021 with a 4.5% growth after experiencing a substantial slowdown in 2020 due to the pandemic and lower oil prices, reads the Asian Development outlook, a financial publication of the Asian Development Bank (ADB). The ADB projects gross domestic product (GDP) growth to…
DetailsIn September-January of 2019-2020 MY, Kazakhstan imported almost 19 thousand tons of soybeans, up 9-fold YoY, declared the Statistics Committee at the Ministry of National Economy (KazStat). The imports increased, even despite the growth of the harvest of soybeans in Kazakhstan in 2019. The situation developed in terms of the growing interest in the oilseed…
DetailsElectricity grid distributor Elering has reported 2019 net profits of EUR 32.8 million, up from EUR 18.6 million in 2018, in part aided by lower financial expenses. The company’s main focus last year was the Balticconnector gas pipeline between Estonia and Finland. The company’s profits from ordinary activities, according to the audited report for 2019…
DetailsThe Cabinet of Ministers at its extraordinary meeting approved a resolution prohibiting buckwheat exports until July 1. “The regulation introduces a temporary regime – until July 1 – the regime of licensing and quotas for the export of buckwheat and hulled buckwheat grain (without bran covering). In particular, a zero quota has been set for…
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