Category: NEWS
Unemployment rate in Ukraine: payment conditions and how to get assistance
In Ukraine, 94,267 unemployed people are officially registered, the most in Dnipropetrovsk, Kharkiv and Poltava regions. Employers are experiencing an acute shortage of skilled workers, drivers and doctors. Despite the war and the gradual recovery of the labor market, over 94,000 unemployed people are officially registered in Ukraine. The largest number of people without work […]
Read moreAverage salary in Novi Sad in April lower than in March
According to data from the Statistical Office of the Republic of Serbia, the average gross salary in Novi Sad for April this year was 191,525 dinars, including taxes and contributions, meaning that residents of Novi Sad earned less than in March. Without taxes and contributions, the net salary in the capital of Vojvodina in April […]
Read moreKazakhstan showcases investment opportunities for U.S. business
Kazakhstan sees strong potential for expanding investment cooperation with American companies in raw material processing, import substitution, infrastructure and export-oriented industrial projects, Deputy Prime Minister – Minister of National Economy Serik Zhumangarin said at the Kazakhstan–United States Roundtable in Astana, Qazinform News Agency reports. “Strengthening engagement with the United States remains one of the main […]
Read moreGeorgia-Uzbekistan Business Forum underway in Tbilisi
The Georgia-Uzbekistan Business Forum was held in Tbilisi on July 1, bringing together government officials and business representatives from both countries. The event was opened by Georgia’s Minister of Economy and Sustainable Development, Mariam Kvrivishvili, and Uzbekistan’s Minister of Investments, Industry and Trade, Laziz Kudratov. Around 70 Uzbek companies participated in the forum, representing sectors […]
Read moreAverage salary in Novi Sad decreased in April compared to March
The data from the Statistical Office of the Republic of Serbia show that the average gross salary in Novi Sad for April this year was 191,525 dinars, including taxes and contributions. That means that residents of Novi Sad earned less than in March.
The amount of the net salary in the capital of Vojvodina in April reached 138,914 dinars, without taxes and contributions. 021.rs reports that it is 2,500 dinars less than in March.
However, the average salary across the whole of Serbia in April was 200 dinars more than in March (121,805 dinars).
Nevertheless, the median salary remains a much more reliable indicator of the purchasing power of Serbian citizens, despite the average salary for April this year exceeding €1,000.
As of April, the median salary in Serbia stood at 94,585 dinars. As statistics from the Republic Office show, it is significantly lower than average earnings.
Meanwhile, the average net salary in Serbia has increased from 109,000 dinars to 121,000 dinars over the past year. This is around 12,000 dinars more, but the inflation rate for that period stands at 3.3 per cent.
They expected Novi Sad to be the city with the highest earnings in Vojvodina. Despite these expectations, Pančevo with 122,000 dinars and Inđija with 116,000 dinars overtook Vršac in April. So, Novi Sad takes the fourth place with a salary of 115,000 dinars.
The highest average salary in the entire country was in Belgrade. In April it attained 150,000 dinars (3,000 less than in March).
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Read moreU.S. business investigates Kazakhstan’s investment opportunities
As Deputy Prime Minister – Minister of National Economy Serik Zhumangarin said at the Kazakhstan–United States Roundtable in Astana, Kazakhstan sees strong potential for expanding investment cooperation with American companies in raw material processing, import substitution, infrastructure and export-oriented industrial projects.
According to Zhumangarin, strengthening engagement with the United States remains one of the main external economic priorities of the Government of Kazakhstan.
The Minister assured that the country is implementing measures to improve the business climate, protect investors’ rights and attract high-quality investment.
He also added that the conditions in Kazakhstan are attractive, the returns are sound, and the financial resources are available.
Zhumangarin emphasized that Kazakhstan offers major opportunities in deep processing of raw materials, import substitution and infrastructure. They estimate the potential pipeline in raw material processing at about $95 billion. Meanwhile, import substitution projects exceed $20 billion.
Concerning infrastructure, more than 200 projects worth about $80 billion are included in the National Investment Plan. Meanwhile, the Energy and Utilities Modernization Program adds another $25 billion for power generation and networks.
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Read moreKyiv and Tokyo deepen partnership on recovery, economic development and reforms
On June 23 in Kyiv, Ukraine’s Deputy Prime Minister for European and Euro-Atlantic Integration, Taras Kachka, held a meeting with a delegation led by Japan’s State Minister of Economy, Trade and Industry, Kenji Yamada, and Japan’s State Minister for Foreign Affairs, Ayano Kunimitsu.
The sides discussed further support for Ukraine, the development of bilateral trade and investment, the participation of Japanese business in Ukraine’s reconstruction, as well as cooperation in the fields of security and reforms.
Taras Kachka thanked Japan for its consistent support for Ukraine since the beginning of the full-scale invasion and emphasized the importance of continuing assistance amid ongoing Russian aggression.
Particular attention was paid to attracting Japanese companies to Ukraine’s reconstruction and to the development of joint projects in energy, cybersecurity, infrastructure, and industry.
The Japanese side reaffirmed its unwavering support for Ukraine, its readiness to continue implementing reconstruction programs, and to promote broader participation of Japanese businesses in rebuilding projects.
Taras Kachka also stressed the importance of finalizing negotiations on updating the Agreement between Ukraine and Japan on the Promotion and Protection of Investments.
“We are interested in creating the most favorable conditions for Japanese investors in Ukraine. An updated investment agreement will be an important signal for business and will help deepen economic partnership between our countries, especially after Ukraine’s accession to the European Union,” he said.
They also discussed Ukraine’s progress in reforms. Kachka informed Japanese partners about the opening of Cluster 1, “Fundamentals of the Accession Process to the EU,” within the EU accession negotiations, as well as the results of the latest OECD 2026 Anti-Corruption and Integrity Review, which confirmed Ukraine’s strong performance in judicial integrity, political finance, and anti-corruption policy.
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Read moreThe Pension Insurance Law New changes
The new changes to the Pension insurance law will give professional soldiers the right to retire under the same conditions as officers and non-commissioned officers. Also, additional years of service will help pensioners increase their pensions. Moreover, new rights will appear for farmers.
According to amendments to the Law on Pension and Disability Insurance, professional contract soldiers will get an old-age pension after completing 40 years of pensionable service and reaching at least 53 years of age. It will bring their status into line with that of other members of the professional armed forces.
Also, new amendments will include the right to attendance allowance and care assistance into the insured risks covered by the pension and disability insurance system for the first time.
As for pensioners who continue working after retirement, recipients of old-age and early retirement pensions who accumulate at least one additional year of pensionable service after retiring will be able to apply for a recalculation of their pension.
A new, more favorable pension amount, will be calculated by the Pension and Disability Insurance Fund (PIO Fund) in such cases. The additional period of service completed will be the basis of this new pension amount.
Farmers will be also affected by some amendments. For example, holders of family agricultural holdings who pay income tax on self-employed activities or value-added tax (VAT) will get mandatory insurance coverage in the future.
However, there will be the possibility of suspending insured status in cases of natural disasters, illness or maternity leave.
New categories of insured persons are also in the draft law. They are employees working for foreign employers that do not have a registered representative office in Serbia. The condition is application of Serbian regulations to them in accordance with the rules governing the coordination of social security systems.
According to the proposed amendments, people acquire old-age and early retirement pensions only after insurance coverage has ceased. Nevertheless, there are certain exceptions for specific categories of insured persons and individuals. Their most recent insurance coverage should be in countries with which Serbia has concluded social security agreements.
Reimbursement of funeral expenses is also among the changes. According to the proposal, persons who bear the costs of burying beneficiaries of certain disability-related benefits and residual work-capacity benefits will get it.
They expect most provisions of the law to enter into force on the eighth day following publication in the Republic of Serbia’s Official Gazette. Nevertheless, it will be possible to apply for provisions relating to harmonization with European Union rules only after Serbia joins the EU.
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Read moreNew changes to the Pension Insurance Law
Professional soldiers will gain the right to retire under the same conditions as officers and non-commissioned officers, pensioners will have the opportunity to increase their pensions through additional years of service, and new rights will be introduced for farmers. Professional soldiers serving under contract could soon become entitled to an old-age pension under the same […]
Read moreKazakhstan’s unemployment rate falls to 4.5%
Kazakhstan’s unemployment rate remained at a safe level, falling to 4.5%, while the availability of around 100,000 job vacancies reflects continued demand for workers, Qazinform News Agency quotes First Vice Minister of Labor and Social Protection of the Population Yerbol Tuyakbayev as saying. According to Tuyakbayev, claims circulating on social media about widespread unemployment do […]
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