A total of 747,774 employed people in Georgia are involved in the accumulative pension system, while both pension contributions and interest amounts total 174,047,572 GEL (about $64.46 million or EUR 57.31 million), says Director of the Pension Agency Levan Surguladze. Out of 747,774 employed people 187,472 people work in the public sector, and 581,439 people…
The average wage in Ukraine in February amounted to almost UAH 8,400, the Pension Fund of Ukraine reported. “The average wage rate for February was approved, from which insurance contributions were paid and which, in accordance with the Law of Ukraine “On Compulsory State Pension Insurance”, is taken into consideration for pension accounting,” the report…
Ukraine’s Finance Minister Oksana Markarova has said political uncertainty in Ukraine in connection with presidential and parliamentary elections directly affects the country’s fiscal risks. “The fact that we have a real democracy in our country is very good. The fact that we are unaware of who will be our president when the election campaign begins…
Large and medium-sized enterprises of Ukraine received UAH 353 billion of profit in 2018, according to the Economic Development and Trade Ministry. “Large and medium-sized enterprises in Ukraine improved their financial results in 2018 compared to 2017. Well done, as profitability grew by 4.1%, they earned UAH 580 billion, while losses decreased by 16.4%, to…
S&P Global Ratings predicts the hryvnia, Ukraine’s national currency, will have weakened against the U.S. dollar to UAH 28.6 by the end of 2019. The hryvnia is expected to drop to UAH 29.5 per dollar in 2020, to UAH 30 in 2021, and to UAH 30.5 in 2022, according to the agency’s press release. Ukraine’s…
In Ukraine, business needs macroeconomic stability, the rule of law, the eradication of corruption and the protection of investments and property, President of the American Chamber of Commerce in Ukraine Andy Hunder said at a meeting with business representatives, held with the participation of President Petro Poroshenko. “Business wants to see economic stability. Reforms should…
Uzbekistan and Kazakhstan are planning to increase the volume of mutual trade to $4 billion. Nowadays, Kazakhstan and Uzbekistan carry out joint projects and cooperation programs in such areas as mechanical engineering, electrical engineering, food industry, tourism, transport and logistics. Recently, the volume of trade between the two countries has grown at a high rate.…