President of Kazakhstan Kassym-Jomart Tokayev has delivered his annual state-of-the-nation address highlighting seven key principles of the new economic course Kazakhstan is set to embark in the nearest future. Seven key principles of Kazakhstan’s new economic course are as follows: equitable distribution of wealth and responsibilities, leading role of private entrepreneurship through support and development…
The volume of trade turnover between Azerbaijan and Kyrgyzstan increased by 55% YoY during the first half of 2020, the National Statistical Committee reported. According to the statement, the volume of trade turnover amounted to $3.5 million during the reporting period. The volume of export amounted to $2.7 million, while import – to 0.8 million.…
The majority of residents in Latvia (72%) believe the priority to assist with development of new businesses in Latvia is tax benefits, according to a survey performed by the Investment and Development Agency of Latvia Norstat Latvija as part of the innovative business ideas contest. Meanwhile, 53% of respondents admit one of the most useful…
In April-June, compared to Q2 2019, gross domestic product (GDP) decreased by 8.9% (according to seasonally and calendar non-adjusted data). In the first half of the year GDP reduced by 5.4%. In Q2, GDP at constant prices was EUR 6.9 billion. As compared to the previous quarter, GDP fell by 6.5% (according to seasonally and…
Gross Domestic Product (GDP) fell by 6.9% YoY in the second quarter of 2020, according to the state agency Statistics Estonia. GDP at current prices stood at EUR 6.4 billion. Robert Muursepp, leading analyst at Statistics Estonia, says most economic activities experienced an economic downturn as a result of the emergency situation. “Accommodation and food…
President of Ukraine Volodymyr Zelensky has signed a law on raising the minimum wage in Ukraine, approved by the Verkhovna Rada at an extraordinary meeting on August 25, according to the president’s website. The document provides for an increase in the minimum monthly wage and its establishment at the level of UAH 5,000 from September…
Kirovohrad region has a strong potential and should develop the transport sector, food industry, mechanical engineering, instrument engineering, IT, as well as land resources. “Kirovohrad region has a favorable geographical location and, therefore, good transport potential. It has very fertile lands and mineral resources, has a future in the food industry, mechanical engineering, instrument engineering…