Georgian Prime Minister Irakli Garibashvili has stated that the government plans to invest 100 million GEL (about $32,292,440 or EUR 28,577,144) in the development of Georgian basketball. During a meeting with Georgian Basketball Federation President Paata Guraspauli, Garibashvili noted that the launch of a basketball development program for the “popularization of basketball” was also on…
On December 6, EU Employment, Social Policy, Health and Consumer Affairs Council passed a historic agreement on the European Commission’s proposed directive on adequate pay in the EU, as reported by Latvian Ministry of Welfare. Considering the directive’s proposed mechanism for calculation of minimal wage, it may have to increase from the current EUR 500…
The state-owned energy group Eesti Energia has started up all its production capacities due to the increased demand for electricity, but this will not help bring the current extremely high stock exchange prices down. Eesti Energia spokesperson Priit Luts confirmed that the Narva power plants did not contribute to the formation of the high prices.…
Deputy Minister of Foreign Affairs of Ukraine (CDTO) Dmytro Senik presented the economic potential of Ukraine to the leadership of the Oman Chamber of Commerce and Industry. “The visit of the Ukrainian business mission to the Sultanate of Oman, which began on December 6, is provided by the Exporters and Investors Council (EIC) under the…
In November, 1,429 new commercial vehicles were purchased and registered on the Ukrainian market, up 1.5-fold YoY, according to the Ukrainian Motor Vehicle Manufacturers Association (Ukrautoprom). Citroen vehicles experienced the biggest demand in November. Ukrainians purchased 272 commercial vehicles of this brand, up almost 3-fold. The second in terms of sales was Renault (234 vehicles…
Lithuanian politicians have proposed harmonising language requirements for all foreigners working in the country’s service sector. Currently, only those with employment contracts must take the Lithuanian language exam. But self-employed foreigners say the exam is unnecessary and would be hard to pass for some. Beardland, a barbershop in Vilnius, employs only foreigners. None of them…
According to information from Lursoft, currently there is EUR 18.7 million of investments from Belarus registered in base capital of Latvian enterprises. In total, there are 727 investors from Belarus registered in Latvia. These people have invested funds into base capital of 718 businesses. The December 2 regulation issued by the Council of Europe regarding…