RUSSIA: A THIRD OF SMALL BUSINESSES COMPLAINED ABOUT SERIOUS NON-PAYMENTS

Almost a third of small and medium-sized businesses (SMEs) ended last year with large non-payments from counterparties. In December, 31% of enterprises “had significant overdue receivables”, showed a survey of SMEs conducted by Promsvyazbank, the NAFI analytical center, and Magram Market Research. In particular, at 12% of respondents, non-payments appeared more than six months ago,…

Ukraine: Verkhovna Rada registers draft Labor Code initiated by Government

The Verkhovna Rada has registered a draft Labor Code of Ukraine (reg. No. 14386) initiated by the Government as a legislative initiative. The document aims to modernize and deregulate labor legislation, standardize individual and collective labor relations based on the principles of equality and decent work, and implement international standards into national legislation. The draft…