Category: NEWS
Italy to help Ukraine rebuild its labor market
During the Ukraine Recovery Conference 2025 in Rome, Ukraine and Italy agreed on closer cooperation in the field of labor market development. The corresponding memorandum was signed by the Ministry of Economy of Ukraine and the Ministry of Labor and Social Policy of Italy. The document was signed by First Deputy Prime Minister and Minister […]
Read moreShifting priorities in Serbia’s IT sector: From team atmosphere to career growth and fair pay
An analysis of over 2,000 reviews from IT professionals on HelloWorld.rs reveals a significant shift in workplace experiences over the past year. Previously, the main complaints focused on inefficient communication and lack of benefits. Now, criticism centers on authoritarian leadership, unclear career paths, poor internal communication, and underdeveloped HR practices. Negative feedback increasingly highlights dissatisfaction […]
Read moreKazakhstan’s Social Spending Strategy: Reducing Poverty through Employment and Structural Reform
A Measured Shift in Socio-Economic Indicators Kazakhstan, traditionally known for its resource wealth, is increasingly recognized for its efforts to improve living standards. According to official statistics, as of 2024, the national poverty rate has declined to 5%, down from 46.7% in 2001. During the same period, real wages increased by 21%, reflecting a multidimensional […]
Read moreWB: Georgia ranks 2nd globally in 2024 labor productivity growth
The World Bank (WB) has published the 2024 results for global labor productivity. Labor productivity is measured as the level of GDP per employed person, adjusted for purchasing power and constant prices. The WB says labor productivity in Georgia increased by 10.4% in 2024, surpassing 56,608 international dollars. This double-digit annual growth places Georgia second […]
Read moreReducing Poverty through Employment and Structural Reform is Kazakhstan’s Social Spending Strategy
Kazakhstan is making efforts to improve living standards. Official statistics reports the decline of the national poverty rate as of 2024 to 5%, down from 46.7% in 2001 and the increase of the real wages by 21%. The country doesn’t rely on direct cash transfers for poverty alleviation, but on employment creation and integration into […]
Read moreDeputy Minister promises boosted tourism and strengthened ties with China due to visa-free travel
Irakli Nadareishvili, Deputy Minister of Economy and Sustainable Development, and Han Jun, Deputy Director of China’s Civil Aviation Administration (CAAC), discussed strengthening civil aviation ties between Georgia and China at a meeting.
According to Nadareishvili, they should expand cooperation and increase the number of flights operated by Georgian and Chinese airlines. As he noted, passenger traffic has been significantly boosted by the recent introduction of visa-free travel.
The Minister said that the key role in this growth belonged to visa- free travel, and they will add new routes and increase flight frequency, in order to further enhance trade, economic relations, and tourism between our countries.
The number of air passengers traveled between Georgia and China increased by 45 % in 2024 compared to 2023. Direct flights to Georgia are currently operated by China Southern Airlines and Air China. Carriers on both sides demonstrate an increased interest for air cargo.
Givi Davitashvili, Director of the Civil Aviation Agency, and Zhou Qian, Chinese Ambassador to Georgia, also attended the meeting.
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Read moreMoney transfers to Ukraine down 15.4% to $3.5 bln since start of 2025 – NBU
The volume of money transfers to Ukraine in January-May 2025 decreased by 15.4% to $3.5 billion, including a 18.7% decrease in transfers of net labor remuneration and 11.2% decrease in private transfers, Ukrainian media reported with reference to the National Bank of Ukraine (NBU) balance of payments. In May alone, the volume of private money […]
Read moreEvery second company in Serbia faces a corruption problem
In its new Rule of Law Report, the European Commission did not single out issues directly related to the economy, but it did scan several key areas that significantly affect the business environment for companies and entrepreneurs in Serbia. One particular area highlighted is public procurement. It was emphasised that exemptions from the Public Procurement […]
Read moreKazakhstan’s service sector reports increase in activity
The headline Freedom Holding Corp. PMI® Business Activity Index signaled a sixth consecutive monthly rise in output across the Kazakh service sector in June. Moreover, at 55.1, up from 54.3 in May, the index rose for a fourth straight month and indicated a steep rise in activity — the highest recorded in the series’ history, […]
Read moreDeputy Minister: Visa-free travel with China boosts tourism, strengthens ties
Irakli Nadareishvili, Deputy Minister of Economy and Sustainable Development, met with Han Jun, Deputy Director of China’s Civil Aviation Administration (CAAC), to discuss strengthening civil aviation ties between Georgia and China. Nadareishvili expressed interest in expanding cooperation and increasing the number of flights operated by Georgian and Chinese airlines. He noted that the recent introduction […]
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