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Thursday, 12.12.2019, 14:21
Lithuania's average electricity market price last week ticked down by 1 euro cent to 53.74 euros per megawatt-hour (MWh), the same level as that in Latvia, where the price edged up by 1% Elektrum Lietuva said LETA/BNS.
Keyword tags: Analytics, Baltic, Energy, Energy Market
Lithuanian Prime Minister Saulius Skvernelis says there should be no problem obtaining the European Commission's approval for a food voucher system that was approved by the government on Wednesday, informed LETA/BNS.
According to a fresh forecast of the Organization for Economic Cooperation and Development (OECD), Estonia's economic growth is projected to reach 3.5% in 2019, before slowing down to 2.3% in 2020, informed LETA/BNS.
Lithuania is on the right track toward securing sufficient EU funding for the Ignalina Nuclear Power Plant decommissioning, Energy Minister Zygimantas Vaiciunas said LETA/BNS after the European Parliament's Committee on Industry, Research and Energy (ITRE) backed a proposal to allocate 780 mln euros for the closure program in 2021-2027.
The European Commission has approved Latvia's 2019 draft budgetary plan, pointing out that the plan is broadly compliant with the Stability and Growth Pact for 2019, informed LETA.
While possibly regarded as the back-bone of the existence of most economic activities, Latvia's energy sector is currently facing a number of challenges.
With the current policy persisting, in the future there are budget consolidation risks and it will be necessary to cut budget expenditure, Fiscal Discipline Council head Janis Platais told LETA.