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Kyrgyzstan: informal employment reaches 60%

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 Uzbekistan - 42%, in Russia...

Azerbaijan: trade with Turkey up in June 2019

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 trade turnover of Turkey and Azerbaijan...

Ukraine: wage arrears repaid to employees of Mykolaiv Shipbuilding Plant

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 the Ukroboronprom State Concern Pavlo...

Ukraine: gas price for population to drop in August 2019

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 price for the population. The...

Uzbekistan: foreign trade up in H1 2019

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 imports - $11.2 billion (+32%). The...

Azerbaijan: FM praises economic and trade cooperation with Lithuania

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 development of cooperation between the...

Latvia: number of airline passengers serviced up in H1 2019

A total of 3.5 million passengers were serviced at Latvia's international airports in the first half-year of 2019, up by 9.6% YoY, according to data compiled by the Civil Aviation Agency (CAA). At the same time, the number of serviced flights has increased by 7.57%. While the number of serviced flights was 40,117 last year, this year their numbers have...

Ukraine: retail trade up in H1 2019

Ukrainian companies increased retail trade by 17.9% YoY in the first half of 2019, according to the State Statistics Service. In January-June the retail turnover of retail trade enterprises (legal entities) amounted to UAH 363.8 billion. The leader in terms of retail trade in the first half of 2019 was the city of Kyiv (UAH 98.3 billion), followed by Dnipropetrovsk region...

Ukraine: over $5 billion in foreign investment comes Q2 2019

Over $5 billion in foreign investment entered Ukraine in the past three months. "For the first time in the last five years, these are neither budget funds, nor politically motivated money, nor those from the IMF or the World Bank. Even despite the lack of cooperation with the IMF, foreign investors have started to invest," investment banker Ihor Mazepa said...

Lithuania: government mulls new taxes on property and polluting cars

Prime Minister Saulius Skvernelis said that the government was considering broadening the property tax base and taxing polluting cars. The International Monetary Fund and the European Commission have called on Lithuania for years to broaden its property tax base. Last year, the government moved to tax second, third and further residential properties owned by one individual at a rate of 0.3%,...