Since Q2 2016, the employment rate in Latvia has increased by 0.8%. In Q2 Latvian employment rate (62.6%) was the highest recorded since Q2 2008 (63.1%). In Q2 in Latvia there were 891.7 thousand employed persons aged 15-74. Compared to the previous quarter, in Q2 the employment rate rose by 1%, while the number of…
Ukraine’s GDP growth by 2.4% in the second quarter is not enough, Prime Minister Volodymyr Groysman said during a conference meeting in the city of Dnipro. “In the second quarter, there was a 2.4% GDP growth. That is, the economy is growing, but this is not enough for us, our task is to increase this…
Prime Minister of Ukraine Volodymyr Groysman says that the development of industry’s potential is the basis for Ukraine’s economic growth. Groysman also noted ArcelorMittal Company as an example of large-scale infrastructure development. “At Yuzhny seaport, ArcelorMittal opened a new transshipment complex for blue re-bar. Due to record short construction terms and attracted $4.5 million in…
Central Bank of Uzbekistan will introduce new 50,000 soum banknotes into circulation starting on August 22, says a message on the bank’s website. “Along with the banknotes and coins now in circulation, the issued 50,000 soum banknotes must be accepted at nominal value, in cash payments by all economic entities and population without any restrictions,”…
The deficit of Ukraine’s foreign trade in goods in January-June increased almost 2.6-fold YoY, to $1.882 billion (in the first half of 2016 some $727.5 million), the State Statistics Service said. According to its data, in June the deficit was $551.6 million, while in May $442.2 million, in April $151.4 million. In January-June exports of…
Continuing established cooperation, State Revenue Service and Association of Hotels and Restaurants of Latvia will form a joint work group to propose legislative initiatives, SRS representatives say. On August 11, SRS met with leading officials of LVRA. According to SRS, the meeting helped address several important cooperation matters. An agreement was also reached in regards…
World Bank (WB) forecasts the grow of 0.5% to 1% of the Azerbaijan’s economy in 2018, head of the bank’s Baku office Naveed Hassan Naqvi said. This year, Azerbaijan’s economy will probably contract by 1-1.5%, he said. “Unfortunately, Azerbaijan is overly dependent on oil,” he noted. “Nonetheless, oil prices decline and subsequent devaluation of the…