The share of labor costs in the gross domestic product (GDP) in the first six months of this year decreased for the first time in the last six years, which enabled companies to increase profit and investments. The gap between labor productivity and wages decreased in the first half of 2017: growth in productivity accelerated…Details
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Starting from October 29, all departure flights of the low-cost Buta Airways from Baku will be carried out through the North entrance of Terminal 2 of the Heydar Aliyev International Airport. Buta Airways plans to carry out arrival flights to Terminal 1 as before. Terminal 2 meets all international requirements on the operation of civil…Details
The public joint-stock company Ukrzaliznytsia would upgrade around 500 sleeping cars by the end of 2018, which is almost one sixth of the operating fleet, acting Board Chairman of Ukrzaliznytsia Yevhen Kravtsov said at a government meeting. “By the end of this year Ukrzaliznytsia seeks to upgrade 188 passenger cars. Next year it is planned…Details
The public joint-stock company Ukrzaliznytsia in 2018 seeks to build 4,000 gondola cars and around 200 fitting platforms at own production facilities – Paniutyne, Stryi and Darnytsia car repair plants. Head of the car department at Ukrzaliznytsia Oleh Motin gave the information at the international conference “Car Building & Rolling Stock Repair in Ukraine” in…Details
The Estonian business of the Swedish financial provider SEB earned a profit of EUR 22.9 million in the third quarter of 2017, which is a 17.4% increase over the same period last year, when the bank reported a profit of EUR 19.5 million. The operating income of SEB Estonia in the third quarter was EUR…Details
Belarus’ exports to Poland went up by 19% in January-August, Belarus’ Deputy Minister of Foreign Affairs Evgeny Shestakov said at the 5th meeting of the Belarusian-Polish working group on trade and investment on October 25. The working group is part of the Belarus-Polish joint commission on economic cooperation. “According to the Belarusian statistics, the bilateral…Details
The next round of consultations between the foreign ministries of Turkmenistan and Romania has recently taken place in Bucharest, the Turkmen Foreign Ministry said in a message. At the meeting, the sides noted the development of relations in the political and diplomatic, trade-economic and cultural-humanitarian spheres. “Particular attention was paid to energy and transport issues,”…Details