Latvia’s economic growth in 2017 was significantly more rapid than in previous years. GDP growth in the first three quarters of 2017 was 4.7% higher than in the same period of the previous year. Economy Ministry predicts GDP growth could reach at least 4.5% for 2017. The ministry notes – compared with the previous four…
A Polish investor will build four kindergartens in Astana, the media center of the capital city administration reported. “As of today, we have signed public-private partnership contracts for six kindergartens. An investor from Poland will construct 4 kindergartens,” the report said. The media representatives did not specify the project value and construction terms. The capital…
The average and maximum rates on incomes of individuals have been reduced in Uzbekistan since January 1, while the amount of contribution to individual accumulative pension accounts has been increased, and property tax will be calculated based on the cadastral value of real estate. This is stated in the presidential decree, which approved the main…
The national energy company Ukrenergo and the state-owned enterprise Moldelectrica have discussed resumption of the 750 kV Yuzhnoukrainsk NPP (Mykolaiv region) – Isaccea (Romania) power line for 400 kV class voltage, the press service of Ukrenergo has reported, referring to a meeting in Chisinau held at the end of December 2017. “The resumption of the…
Ukrenergo will introduce an automated management system (ERP) on the Microsoft Dynamix AX platform, which will support the reform of centralization of management processes in accounting and financial accounting, procurement, investment planning, budgeting, personnel management and other related areas. According to the company, the contract for the implementation of the ERP system worth UAH 29.017…
Starting from January 1, the minimal wage in Latvia will be EUR 430, which is EUR 50 higher than it was the year before. This is provided by amendments approved by the Cabinet of Ministers in regards to minimum monthly wage amount for standard work time and calculation of the minimal hourly rate. Previously, Welfare…
Estonian state-owned cargo rail operator AS EVR Cargo and railway worker and railroad engineer trade unions have signed a one-year extension of their collective agreement. “I thank trade union chairmen Oleg Tsubarov and Raivo Romm as well as representatives for their contributions to the success of collective agreement extension talks,” EVR Cargo CEO Raul Toomsalu…