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…
Electricity rate for low-income citizens (families) has been reduced in Kyrgyzstan. The President Sadyr Japarov signed the corresponding decree. Earlier, at a meeting of the Security Council, the head of state instructed to work out a mechanism to reduce the electricity rate for this category of citizens. The purpose of the decree is targeted social…
The Georgian government has plans to decrease the country’s external debt to 51.1% of the Gross Domestic Product (GDP) next year, Prime Minister Irakli Garibashvili has announced. Georgia’s external debt amounted to 58.66% of GDP in 2020, nearly 29.3 billion GEL, which increased to a critical 60% of GDP this year. Garibashvili said that Georgia…
The average price of electricity in the Estonian region of the Nord Pool energy market reached EUR 290.06 on December 6. The previous record was broken on November 29 when the price reached EUR 263.96. The average price for the month of November was EUR 116.78, up 2.8-fold YoY. Before 2021, the record price of…
Last week, Artel Electronics LLC (Artel), Central Asia’s largest home appliance and electronics manufacturer, became an official participant of the United Nation Global Compact (UNGC). Launched in 2000, the UNGC is a voluntary leadership platform for the development, implementation, and disclosure of responsible business practices. Artel becomes Uzbekistan’s third company to participate. Artel joins over…
In 2022, UAH 140 billion or 9.4% of all expenditures of the state budget will be invested in Ukraine’s economic development, Prime Minister Denys Shmyhal has written on Facebook. “It is also worth noting that over the past ten years, no budget has been provided for such a volume of capital expenditures as it will…