The general agreement on minimal wage in the construction sector states that the minimum gross wage is to reach EUR 780 and hourly rate – EUR 4.67 – in the entire industry in Latvia. The agreement also outlines to option to receive 5% bonus if the employed person has appropriate education, which guarantees a wage…
DetailsIndian low-cost airline IndiGo (InterGlobe Aviation Limited) is entering the Georgian aviation market on March 5, 2020, announces the Georgian Civil Aviation Agency (GCAA). It will offer direct flights on the route Delhi-Tbilisi-Delhi every day. Flights will be carried out by Airbus A320 and A321 type aircrafts. IndiGo was granted permission to operate in Georgia…
DetailsThe National Bank of Ukraine (NBU) maintained its preliminary inflation forecast for 2019 -2021 and improved economic growth forecast up to 3.5-4%, the central bank stated in its quarterly inflation report for October, according to the NBU press service. “Inflation will have fallen to 6.3% by the end of the current year and come to…
DetailsIn the three quarters of 2019 Ukrainian banks received UAH 48.35 billion in net profit compared to UAH 10.9 billion over the same period last year. UAH 27.4 billion – over half of this financial result – accounts for PrivatBank, the press service of the National Bank of Ukraine reports. In general, the bank revenues…
DetailsIn the third quarter Estonian state-owned energy group Eesti Energia increased its turnover and tripled its production of renewable energy, but maintenance at Auvere Power Plant that took longer than expected and large-scale energy production restructuring had a negative impact on its result. Eesti Energia’s turnover increased to EUR 206 million in the third quarter,…
DetailsThe Georgian gross domestic product (GDP) increased by 5.2% in September compared to the same period of last year, showed the latest data from the National Statistics Office of Georgia (Geostat). Geostat reported that real GDP grew in January-September 2019 by 5% YoY. In September the estimated real growth compared to the same period of…
DetailsFruit juice production accounts for 40% of total agricultural production, Azerbaijan’s Deputy Economy Minister Rufat Mammadov said at the Road Show Eurasia Forum organized by International Fruit and Vegetable Juice Association (IFU) in Baku. Mammadov added that juice production in Azerbaijan always reached high marks, because it was a traditional type of the population’s activity.…
DetailsUkraine is to build four toll roads. In particular, Ministry of Infrastructure is developing projects for four roads that will work on concession terms, namely Lviv-Stryi, Kyiv-Bila Tserkva, Lviv-Ternopil, and Lviv-Krakovets, along with projects of ports, airports and train stations. “We, together with the World Bank, have already begun preparations for the concession of roads.…
DetailsThe National Bank of Ukraine (NBU) bought $90 million on the interbank forex market from October 21 to October 25. This is three times more than during the previous week, the NBU said on its website. The NBU said it did not sell foreign currency last week. As a result of the recent purchases, the…
DetailsThe Belarusian government will keep tab on buckwheat prices in order to avoid dramatic rises, Belarus Deputy Prime Minister Vladimir Dvornik announced after he had delivered a report on completing this year’s harvesting campaign and on fulfilling the instructions to increase and diversify the export to the head of state. “Buckwheat prices are an issue…
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