This year’s biggest challenges for retailers will include the decline of numbers of residents and buyer, as well as growing labor force costs, says Swedbank economist Agnese Buceniece. “The change of buyers’ habits and e-commerce remain notable challenges and impressive opportunities at the same time,” says the expert. “International observations show that e-commerce development is…
A 900-seat school and three squares will be built in the Baikonur district of Nur-Sultan city, acting mayor of the district Yerlan Zhaulybayev has announced. Currently there are two universities, seven colleges, 19 schools and 14 state-run kindergartens in the district. Notably, a new school designated for 900 pupils opened its doors in the district…
As of January 1, 2020, the arrears of wages of the employees of economically active enterprises decreased by 10% compared to December 1, 2019. Minister of Economic Development, Trade and Agriculture Tymofiy Mylovanov announced the relevant data at a briefing on the results of the Government’s actions. “To date, the wage arrears at the economically…
Ukrainian citizens have filed more than 638,000 asset declarations since the beginning of 2010, having declared UAH 101.8 billion as income received in 2018, up by 39% YoY, the press office of the State Tax Service has reported. Accordingly, the amount of declared personal income tax has increased. It reached over UAH 3.4 billion, up…
The Ministry of Industry and Infrastructure Development of the Republic of Kazakhstan has confirmed that Kazakhstan will suspend bus and railway communication with China. Samat Gilimov, Chairman of the Transport Committee of the Ministry, told a press briefing on January 29 that the Government of Kazakhstan was taking additional measures to prevent the spread of…
SEB Estonia earned a profit of EUR 100.4 million in 2019, up from EUR 63.7 million in 2018. In 2019, SEB financed the plans of commercial enterprises with more than EUR 1 billion and individuals with more than half a billion euros. Last year, SEB assisted in the purchase of more than 5,000 new homes.…
Georgia temporarily suspends direct flights with China to prevent the spread of coronavirus in Georgia, the Georgian Civil Aviation Agency (GCAA) reports. The suspension of flights will be in place until March 29. Chinese aviation authorities and the airline company China Southern have already been notified about the flight suspension. Chinese airline company China Southern…