The average interest rate on housing loans in Estonia was 2.6% and the average rate for corporate loans 2.9% in June, which might indicate reduced competition in some segments of the loan market, Bank of Estonia economist Raido Kraavik said in the central bank’s statement on June banking sector statistics. The average rate of 2.6%…
Informal employment makes up more than 60% of the labor market in Kyrgyzstan. The International Labor Organization provides such data. Informal employment is the so-called black labor market, not covered by government regulation. It involves non-recognition of the rights of workers, their vulnerability, poverty, and lack of development prospects. Informal employment reaches 29.6% in Kazakhstan,…
In June the trade turnover between Turkey and Azerbaijan increased by $644.300 million YoY and amounted to $789.259 million, a source in the Ministry of Commerce of Turkey reported. “In June Turkey’s exports to Azerbaijan amounted to $598.551 million, and imports from Azerbaijan – to $190.708 million,” the ministry said. The ministry noted that the…
Wage arrears worth UAH 54.8 million have been repaid to employees of the state-owned Mykolaiv Shipbuilding Plant, the Ukrainian presidential press service has reported. During his working visit to Mykolaiv region on July 17 President Volodymyr Zelensky was informed about wage arrears to employees of the enterprise. The head of state instructed Director General of…
In August the gas price for the population will decrease by at least 5.5% compared with the July price and will amount to no more than UAH 4,640 for a thousand cubic meters excluding VAT. “Despite the opposition of the monopolist, we have found a solution and forced Naftogaz to sell gas at a cheaper…
In January-June Uzbekistan had trade relations with more than 166 countries. In particular, the foreign trade turnover in January-June amounted to $19.7 billion and increased by $4.52 billion, or 29.8%, compared to the corresponding period of 2018, according to the State Committee of Uzbekistan on Statistics. Of this amount, exports reached $8.4 billion (+27%), and…
Foreign Minister Elmar Mammadyarov has met with the Ambassador Extraordinary and Plenipotentiary of the Republic of Lithuania to the Republic of Azerbaijan Valdas Lastauskas upon the termination of his diplomatic tenure. During the meeting, the parties exchanged views on the current state of bilateral relations, as well as the current level of and perspectives of…