Latvia: businessmen to pay larger wages

The current market situation shows that Latvia should speed up its education reform and think about attracting additional human resources from other countries, said Latvian Finance Minister Dana Reizniece-Ozola. “We have a number of problems. We see unemployment is in decline, dropping to 7.2% in the past three years, whereas the number of employed people…

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Uzbekistan: GMU suspending car production

GM Uzbekistan has announced about suspension of car production due to maintenance work. The car manufacturer GM Uzbekistan located in Asaka, suspends production from August 22 till September 10 due to the planned maintenance work, said the company’s press service. It is planned to carry out preventive inspection and maintenance of main and auxiliary processing…

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Ukraine: retail trade up in January-July 2017

Retail trade in Ukraine grew by 8% YoY in January-July, according to the Ukrainian State Statistics Service’s website. Retail turnover increased the most in Zakarpattia, Vinnytsia, Odessa, Sumy, Mykolaiv, Cherkasy, and Lviv regions – by 21%, 17.7%, 12.8%, 10.8%, 10.6%, 9.5% and 9.5%, respectively. Retail trade in July alone rose by 6.7% against June, while…

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