A total of 747,774 employed people in Georgia are involved in the accumulative pension system, while both pension contributions and interest amounts total 174,047,572 GEL (about $64.46 million or EUR 57.31 million), says Director of the Pension Agency Levan Surguladze. Out of 747,774 employed people 187,472 people work in the public sector, and 581,439 people…
Latvian road construction company SIA Binders experiences a shortage of workers. Because of that, the company plans to attract guest workers from Ukraine and Belarys, says Bindars board chairman Aigars Seja. “The situation remains largely unchanged year after year. The number of potential workers keeps getting smaller. We search for people every season. Our human…
Aspi Agro LLC producing wine in Azerbaijan’s Gabala city intends to export wine to more countries, Aygun Atayeva, chief sales manager, reported. “Presently, the company’s products are sold domestically and exported to the EU countries,” she said. “The company’s products under Savalan brand are supplied to several European countries and our task is to further…
The average wage in Ukraine in February amounted to almost UAH 8,400, the Pension Fund of Ukraine reported. “The average wage rate for February was approved, from which insurance contributions were paid and which, in accordance with the Law of Ukraine “On Compulsory State Pension Insurance”, is taken into consideration for pension accounting,” the report…
In January-March, the National Bank of Ukraine recovered UAH 1.15 billion of refinancing loans issued to insolvent banks, the central bank’s press service reported. “In the first quarter of 2019, the National Bank of Ukraine received UAH 151.5 million for repayment of insolvent bank refinancing loans. This amount consists of proceeds from the sale of…
55 people, including 38 police officers and 17 civilians were injured during a clash in the Muslim-populated Pankisi Gorge, where the locals opposed to construction of a small hydropower plant (HPP). “Peri” ltd was supposed to start construction of the 5.4 MW “Khadori-3” small HPP on April 22, but the local population firmly opposed. The…
After Azerbaijan regained the state independence, the government began to pay special attention to managing emissions and protecting the environment, Minister of Ecology and Natural Resources of the Republic of Azerbaijan Mukhtar Babayev said at the 4th SOCAR International Caspian and Central Asia Downstream Forum on Trading, Logistics, Refining and Petrochemicals in Baku. According to…