Georgia fines OSCE Chair Elina Valtonen 5000GEL as diplomatic dispute deepens
A planned meeting between Georgian Prime Minister Irakli Kobakhidze and the OSCE Chairperson-in-Office, Finnish Foreign Minister Elina Valtonen, was a...
The European Union and the Republic of Moldova today agreed on a two-year comprehensive strategy enhancing energy independence of the country and supporting it to overcome the energy crisis caused after Russia cut off supplies early of January.
“It has a two-fold objective of decoupling Moldova from the insecurities of Russian supply of energy and fully integrating it in the EU energy market,”- said the statement of The EU’s executive branch, the European Commission.
Overall support of EU for Moldova would account to €250 million for 2025, of which €100 million will be provided by mid-April.
In the short term, the overall package will support Moldovan consumers who are facing steep price increases on the Right Bank. It will allow to compensate all excess electricity costs for all households for up to 110 kWh every month until 31 December 2025. It will also compensate for the entire increase of electricity costs for social institutions, including kindergartens, schools and hospitals.
As part of the same strategy, funding of €60 million is also available for the more than 350,000 people in the Transnistrian region of Moldova (the Left Bank) who were left in cold in January after Gazprom discontinued energy supplies. “This support is subject to steps being taken on fundamental freedoms and human rights in the Transnistrian region and excludes energy intensive activities,”- statement said.
Additional funding of €15 million will be provided to support the energy bills of agro-food and manufacturing businesses. Furthermore, through the mobilisation of international financial institutions, additional funding of €50 million will be available for sustainable investments in energy efficiency projects by local public authorities, households and SMEs.
In the longer term, the EU support will allow Moldova to improve its energy security through investments and reforms for the energy transition and ensure the full phase out of Russian supply of energy resources.
Under the first step, the Commission has already provided €30 million EU emergency support announced on 27 January. Thanks to the joint efforts of the European Union and partners, Moldova’s energy system is providing electricity and heat without any blackouts.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
Giorgio Armani's deputy managing director, Giuseppe Marsocci, is set to be appointed chief executive of the Italian fashion house, a source said on Thursday, confirming a local media report.
Tesla has told the Delaware Supreme Court that Elon Musk’s $56 billion pay package should have been restored last year through a shareholder vote, as the company appeals a lower court ruling that rescinded the CEO’s record compensation.
Wall Street closed sharply higher on Monday, led by gains in Broadcom and other chipmakers, as investors were reassured by U.S. President Donald Trump’s conciliatory tone on renewed U.S.-China trade tensions.
Lawyers warn that the case could eventually involve up to 1.8 million UK drivers across 14 brands, potentially making it the largest consumer class action in British legal history.
European stock markets opened the week on a positive note, buoyed by hopes of easing trade tensions between the U.S. and China and declining geopolitical risks in the Middle East.
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