Azerbaijan is Russia’s main trading partner in the South Caucasus and the trade turnover between the two countries will reach $3 billion, Azerbaijani Foreign Minister Elmar Mammadyarov said at a press conference in Baku following a meeting with his Russian counterpart Sergey Lavrov. “The trade turnover between our countries continues to grow and is expected…
In October the average nominal wage in Ukraine made up UAH 10,727, up by 16.4% YoY, according to the State Statistics Service of Ukraine. “In October the average nominal wage of a full-time employee of enterprises, institutions and organizations was UAH 10,727, up 2.6-fold from the minimum wage (UAH 4,173). The average nominal wage increased…
Azerbaijan is weighing measures to further develop tourism potential of its Naftalan city, famous for crude oil spas that has health-giving properties. Deputy Chief Executive Officer of the Azerbaijan Tourism Board Bahruz Asgarov has said that a plan to develop Naftalan’s tourism has been already worked out and will be implemented in 2020. Addressing the…
Every year each household in Latvia spends 200 and more euros on food that ends up thrown away, as concluded in a research performed by Environment Protection and Regional Development Ministry. Aside from food, people also throw away packaging, which makes it impossible to recycle. In December the ministry commenced a special initiative “Thrown out,…
The Pension Fund of Ukraine has started to finance pensions for December, the fund’s press service has reported. “On December 2 the Pension Fund of Ukraine started to finance pensions in accordance with the established schedule,” reads the report. The sum worth UAH 603.2 million was allocated for pension payments. (Ukrinform/Business World Magazine)
In November the state budget of Ukraine received UAH 78.322 billion in revenues, down by UAH 18.846 billion, or by 19.4% from the target, according to the State Treasury Service of Ukraine. In particular, revenues of the state budget in November made up UAH 78.322 billion against projected UAH 97.168 billion. Revenues of the general…
Asian Development Bank (ADB) Board of Directors has approved a $250-million policy-based loan in support of the Azerbaijani government’s second program for Improving Governance and Public Sector Efficiency Program, a source with the ADB has said. Credit funds for the implementation of the second phase of the program will be provided for 15 years. According…