Kyrgyzstan: informal employment reaches 60%

Informal employment makes up more than 60% of the labor market in Kyrgyzstan. The International Labor Organization provides such data. Informal employment is the so-called black labor market, not covered by government regulation. It involves non-recognition of the rights of workers, their vulnerability, poverty, and lack of development prospects. Informal employment reaches 29.6% in Kazakhstan,…

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Uzbekistan: foreign trade up in H1 2019

In January-June Uzbekistan had trade relations with more than 166 countries. In particular, the foreign trade turnover in January-June amounted to $19.7 billion and increased by $4.52 billion, or 29.8%, compared to the corresponding period of 2018, according to the State Committee of Uzbekistan on Statistics. Of this amount, exports reached $8.4 billion (+27%), and…

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Azerbaijan: FM praises economic and trade cooperation with Lithuania

Foreign Minister Elmar Mammadyarov has met with the Ambassador Extraordinary and Plenipotentiary of the Republic of Lithuania to the Republic of Azerbaijan Valdas Lastauskas upon the termination of his diplomatic tenure. During the meeting, the parties exchanged views on the current state of bilateral relations, as well as the current level of and perspectives of…

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Ukraine: retail trade up in H1 2019

Ukrainian companies increased retail trade by 17.9% YoY in the first half of 2019, according to the State Statistics Service. In January-June the retail turnover of retail trade enterprises (legal entities) amounted to UAH 363.8 billion. The leader in terms of retail trade in the first half of 2019 was the city of Kyiv (UAH…

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Ukraine: state budget receives over UAH 131 billion in revenues from single social contribution in H1 2019

Revenues from single social contribution totaling UAH 131.4 billion were transferred to the state budget in the first half of 2019, according to the data provided by the State Fiscal Service. “In January-June revenues from the single social contribution for compulsory state social insurance totaled UAH 131.4 billion, up by UAH 23.6 billion or by…

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Ukraine: local budgets revenue up in H1 2019

Receipts of own revenues of the local budgets’ general fund in January-June increased to UAH 128.8 billion ($4.99 billion), which is 19.6%, or UAH 21.1 billion ($817 million) over the amount for the same period of 2018. That’s according to Vice Prime Minister, Minister of Regional Development, Construction, Housing and Public Utilities of Ukraine Hennady…

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Lithuania: Ukrainians hungry for jobs

Once a country of EU record-high emigration, Lithuania has recently become a new home for thousands of Ukrainians, who come here in search of a better life. According to the Lithuanian Migration Department, the number of Ukrainians living in Lithuania rocketed by almost 42% in 2018, making them the largest foreign community in Lithuania. The…

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