The role of international business service centers keeps increasing in the global economy. In Latvia, however, their potential remains largely unexplored, says New Hanza City project’s developer Pillar representative Guntars Cauna. Business centers’ specifics are dictated by their functions, says Cauna. The most common functions are accounting or wage management, data processing and functions that…
Azerbaijan’s GDP volume reached 25.34 billion manats in January-May, down by 0.9% YoY, according to a report of the country’s State Statistics Committee. GDP volume per capita reached 2610,3 manats. Meanwhile, the volume of Azerbaijan’s non-oil GDP rose by 2.3% in January-May as compared to the same period of 2016. The volume of Azerbaijan’s GDP…
The consumer confidence index in Ukraine grew by 3.2 points in May, to 58. It is the highest since July 2014, GfK Ukraine reported. “In May Index of Current Personal Financial Standing, Index of Expected Changes in Personal Financial Standing and Index of Economic Expectations reached their maximum indicators over the past two years,” the…
The reform proposed by the Cabinet does not provide for raising the retirement age, but it cancels the taxation of pensions, Prime Minister of Ukraine Volodymyr Groysman said, commenting on the decision of the National Council of Reforms to support the pension reform. “We had a thorough conversation, we received useful suggestions, and the National…
Compared with the same month of last year, Latvia had the fourth highest inflation index among EU member states in this year’s May, according to data from Eurostat. Last month, consumer prices in Latvia were 2.7% higher when compared with May last year. Inflation was only higher in Estonia (+3.5%), Lithuania (+3.2%) and the UK…
Frist Deputy Head of the National Bank of Tajikistan (NBT) Jamoliddin Nouraliyev met with representatives of Moody’s Investors Service, the bond credit rating business of Moody’s Corporation. According to the NBT press service, Jamoliddin Nouraliyev met with Moody’s analysts Atsi Sheth and Mathew Kirkosta as well as Nathalie Marshik, an expert at Oppenheimer & Co.…
During his two-day official visit to Armenia, Tajik President Emomali Rahmon has got acquainted with its innovative development. Tajik leader visited Technology and Science Dynamics LLC (TSD) in Yerevan. Rahmon reportedly got acquainted with TSD achievements in the field of information and communications technologies. Technology and Science Dynamics is a research and development corporation established…