In February, the average nominal salary in Ukraine amounted to UAH 12,549, up by 15.7% YoY, according to the State Statistics Service. The average nominal salary of Ukrainians in February was 2.1 times higher than the minimum wage (UAH 6,000). Compared to January, the average nominal wage rose by 1.7%. The highest average nominal salaries…
The UK is concerned over activity of “Scottish” companies operating in Uzbekistan, according to an article published by The Times. The World Bank in 2020 blacklisted an anonymously owned Scottish company NovoLine Resources after exposing “fraudulent practices” in an emergency medical aid program. NovoLine Resources won the tender of the Uzbek Health Ministry for the…
“If the issue of private investments in the mining sector of Kyrgyzstan has reached the level of heads of state and is being discussed at the highest level, I have bad news for Bishkek. You ended up in a bad way. Comfortable investors who comply with laws and environmental standards will no longer come to…
Global tech giants Google and Facebook are swallowing an ever-greater part of the Estonian advertising market. Their share of the market grows by an estimated 10% a year, while the turnovers of local companies stagnate. Raido Raamat, executive manager of agency Media House, said that it was difficult to gauge digital companies’ market share, as…
The Ukrainian government’s investment promotion office UkraineInvest and Zaporizhzhia Chamber of Commerce and Industry (CCI) have discussed the issue of attracting investment to the region, the press service of Zaporizhzhia CCI reports. According to Volodymyr Shamilov, President of Zaporizhzhia CCI, the Chamber and UkraineInvest have common goals and aspirations. “Our task is to create new…
Despite restrictions caused by the COVID-19 pandemic, trade between Ukraine and Uzbekistan increased by 30% YoY in 2020. This issue was discussed at a meeting of Head of the State Service of Ukraine on Food Safety and Consumer Protection Vladyslava Mahaletska and Ambassador Extraordinary and Plenipotentiary of the Republic of Uzbekistan to Ukraine Alisher Abdualiyev,…
The European Commission has approved Estonia’s EUR 9.9-million aid plan for tourism companies and sectors directly affected by the coronavirus wave. The plan was approved on the basis of the temporary framework for state aid and the funds would be disbursed in the form of direct payments, according to the European Commission Representation in Estonia.…