62.1% of businesses consider the quality of local and international transport and the state of roads in Latvia poor or very poor, according to Turiba University’s Business Index. 34.4% of businesses are positive or more or less positive. Generally, however, 19.6% of businesses gave this factor a negative outlook. Analyzing regional data, it was concluded…Details
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Turkish construction workers building a stadium in Lithuania’s second-biggest city Kaunas have started a hunger strike over unpaid wages. The May 1 Trade Union (G1PS) said that 53 workers were on a hunger strike outside the Kaunas municipality building and intended to continue their protest until they were paid all their arrears. The Turkish company…Details
In order to develop agriculture in Kazakhstan’s Shymkent city, project for creation of agriculture and industrial zone is being implemented in the city, a representative of city’s Department of Agriculture and Veterinary reported. According to the representative, in order to implement the task set by Kazakhstan’s First President Nursultan Nazarbayev and the State Development program…Details
On December 30, 2019 the Ministry of Infrastructure of Ukraine, Ukrzaliznytsia (Ukrainian Railways) and Wabtec (GE Transportation) signed a memorandum, which provided for conclusion of contracts for the delivery of 40 General Electric TE33AC locomotives in 2020 and the provision of maintenance service for 70 such locomotives. “We plan to purchase 40 General Electric locomotives…Details
American magazine Forbes has included a number of Georgian wines in a list of the best wines to look out for in 2020. The author of the article Adam Morganstern mentions Georgia as an interesting country for its sophisticated methodology of wine pressing, which is still preserved in the country. Morganstern advises readers to visit…Details
With the arrival of a Moscow-Yerevan flight, the Zvartnots International Airport’s 2019 passenger flow exceeded 3,000,000 for the first time in its history. On this occasion, the airport’s administration surprised the passengers of the flight with holiday gifts. In 2018 the passenger flow was 2,690,000. (Armenpress/Business World Magazine)Details
The unemployment level decline in Latvia will become slower or even stop this year, according to bank analysts. Swedbank senior economist Agnese Buceniece says under slower economic growth demand for laborers will gradually calm down. The first signals for this came up from business surveys. “Although labor force shortage remains a significant force behind wage…Details