Albatross Consulting Armenia’s Post

🚀 Exploring Armenia's Economic Growth! 🌐✨Welcoming 2024, this rising star in South Caucasus promises a dazzling 7% economic growth, with influential players like the World Bank cautiously predicting a 5% uptick. 📈🌟 🌍💸 The engine of this economic surge? A dynamic blend of services, trade, investments, and construction. 🏗️💼 Investments are on the upswing, driven by robust spending on public sectors and a push for a 25% share of GDP by 2025. 🌱🏛️ Foreign Direct Investments soared by 43% in 2023, opening exciting opportunities for global players, including German companies! 🌐🇩🇪 📢 Join the SCHNEIDER GROUP Armenia 5️⃣ th Anniversary celebration on 25 January in Yerevan and meet our local experts Yeva Voskanyan Daria Yakushina who have supported more than 50 international companies in their market entries and business expansion in Republic of Armenia. 🚀🌐 Let's seize the moment and unlock the business potential in Armenia! 🌟🇦🇲 #Armenia #Investment #Opportunities #GlobalBusiness #schneidergroup #payroll #hr #tax #legal #caucasus #outstaffing #outsourcing

In line with the ambitious "Uzbekistan-2030" strategy, the aim is to amplify the number of IT PARK Uzbekistan residents tenfold, creating 100,000 jobs within these entities, and elevating the sector's export volume to $5 bn. Uzbekistan's IT sector is flourishing, with 1,700 companies operating within IT parks, currently employing 26,000 individuals. #uzbekistan #information #technology #export #digital #innovations #development #investments #economy #growth

Congratulations on the 33rd anniversary of Independence of the Republic of Uzbekistan! Thanks to the Independence and especially in recent years, many opportunities opened up for our youth to realize their potential, for instance: 1. Forced labor in agriculture is no longer allowed, so millions of kids are in schools instead of cotton fields, thousands of teachers and doctors can focus on their real jobs; 2. Everyday items that were once in systemic deficit are now easily available in stores and online; 3. We have gone from being a closed nation to one that welcomes the world, making it easier to talk to foreigners and travel abroad; 4. Entrepreneurs are free and encouraged to grow their businesses and create new jobs; 5. More foreign universities have opened here, and it’s easier for our youth to study at top universities abroad; 6. Tourism has grown, bringing more jobs and giving our people more chances to travel, both in Uzbekistan and abroad; 7. The number of companies with foreign investments is increasing; 8. We have started major projects to restore green life at Aral Sea area and provide clean drinking water to millions of people, improving their lives in rural areas. With these opportunities, our youth, who are learning modern skills and languages, have more chances to achieve their dreams. Let’s work together to strengthen our independence and raise our country’s reputation! PS. AI is used for old photos #Uzbekistan #Independence #Prosperity #Transformation #AI

#FINEXPhils EJ Qua Hiansen writes for Manila Bulletin, Investing in Knowledge Benjamin Franklin's words, “An investment in knowledge pays the best interest,” resonate deeply. This belief was instilled in my family, with my parents valuing education as the key to shaping our lives. My siblings, now teachers, continue this legacy, inspiring others with their knowledge and showing the transformative power of education that can shape lives and inspire others. The Philippines is on the brink of a demographic dividend, boasting a large, young working population that holds the potential to drive economic growth. The National Economic and Development Authority (NEDA) projected that by 2045, the demographic dividend would amount to P20.4 trillion. In 2023, NEDA Secretary Arsenio Balisacan cited the need for education and human capital investments to address the learning poverty accelerated by the COVID-19 pandemic. He further argued that improving the support ratio would improve the Philippine GDP by 0.4 percent to 0.7 percent per year until 2040, while improvements in labor productivity would add 0.1 percent to 0.7 percent per year over the same period. This promising scenario can be fully realized if we invest in our youth, empowering them with quality education. Read the full article here: https://lnkd.in/gkVaciN4 (Photo from Pinterest)

Dear youth of Cameroon, Today, on this auspicious occasion of Youth Day, I stand before you as a voice filled with hope and inspiration. It is a day that celebrates the vibrancy, aspirations, and potential of our beloved nation's youth. Let us join hands today, not only to commemorate our past struggles and achievements but also to envision a future where import substitution and economic patriotism drive the progress of Cameroon. Import substitution, my dear friends, is the idea of producing goods and services domestically to replace reliance on imported products. This economic strategy aims to bolster our national economy, create job opportunities, and foster sustainable growth. As youths, we are the driving force that can breathe life into this concept and help shape a self-sufficient Cameroon. For far too long, we have witnessed an excessive dependence on foreign goods in our daily lives. From basic necessities to luxury goods, we often turn to foreign markets, neglecting the wealth of resources that lie within our own borders. This pattern not only drains our economy but also hampers our ability to innovate, create, and become self-sustainable. However, today, on Youth Day, we have the chance to shift this paradigm. It is time for us to embrace economic patriotism – a deep love and commitment to our nation's economic well-being. Economic patriotism means supporting local industries, encouraging entrepreneurship, and investing in homegrown talents. It means recognizing our unique potential and utilizing it to the fullest, for the benefit of our people and the advancement of our nation. The path we choose today will determine the destiny of Cameroon tomorrow. We hold in our hands the power to build a Cameroon that thrives on its own abilities, harnesses its vast resources, and provides opportunities for every citizen. But to achieve this dream, it will require our collective effort, resilience, and a willingness to challenge the status quo. Dear youth, Let us begin by supporting and promoting local industries. By consuming products made in Cameroon, we not only contribute to the growth of our economy but also create jobs for our fellow countrymen. We must encourage entrepreneurship and innovation among our peers, for it is through small businesses and startups that true economic transformation can take place. Furthermore, we should invest in our education and acquire the necessary skills to fill gaps in our economy. By becoming experts in various fields, we can reduce our reliance on imported expertise. We must also rally behind initiatives that focus on research and development, encouraging the creation of new technologies and innovative solutions.

🚀 #Lithuania has nearly doubled its ICT specialists in six years, growing from 36.9k in 2017 to over 70k last year. This success stems from ✔ a strong education system, ✔ targeted government initiatives, and ✔ strategic talent management. According to Eurostat 2023 data, Lithuania is the first in the European Union for young specialists (age 15-34) joining the #ICT sector. Get to know more about Lithuania's greatest asset – people and their talent: Invest Lithuania https://lnkd.in/d6j4J8p        

How Ghana Outpaced Nigeria in 2024: 7 Key Areas Ghana and Nigeria, two leading African nations, share a competitive relationship spanning various sectors. In 2024, Ghana has notably outpaced Nigeria in seven key areas. Here’s an overview supported by the latest data and analysis. 1. Foreign Direct Investment (FDI) Ghana attracted $4.5 billion in FDI in 2023, surpassing Nigeria's $3 billion. Ghana's political stability, favorable business environment, and anti-corruption measures have bolstered investor confidence, unlike Nigeria's persistent issues with bureaucratic red tape and security concerns. 2. Automotive Industry Ghana’s automotive sector has seen significant growth with Hyundai and Kia establishing assembly plants in Accra. This influx has created jobs and boosted the local economy. In contrast, Nigeria's automotive industry struggles due to policy inconsistencies and inadequate infrastructure. 3. Technology and Innovation Accra has become a bustling tech hub with Google opening its first African AI lab there. Ghana's stable environment and proactive policies have attracted tech giants. Meanwhile, Nigeria’s tech sector faces challenges like regulatory uncertainties, despite having Africa's largest tech market. 4. Ease of Doing Business Ghana improved its ranking to 104 in the World Bank’s 2024 report, ahead of Nigeria at 131. Reforms in Ghana, such as digitizing government services and reducing business registration time, have made it easier to operate there. 5. Healthcare and COVID-19 Response Ghana vaccinated 75% of its population against COVID-19 by 2023, compared to Nigeria’s 50%. Ghana’s efficient logistics and public awareness campaigns have been key to its success, strengthening its healthcare sector for future challenges. 6. Political Influence and Global Relations In 2023, Ghana chaired the African Union and hosted high-profile visits, enhancing its global influence. Ghana’s proactive diplomacy contrasts with Nigeria's internal conflicts affecting its international standing. 7. Education and Talent Development Ghana’s investments in education, particularly the Free Senior High School policy, have improved access and quality. Successes in international STEM competitions highlight Ghana's commitment to nurturing talent. Conclusion Ghana's advancements in investment, technology, and education underscore its growing prominence in Africa. Nigeria remains a key player with vast resources but faces significant challenges. Both nations' trajectories will shape West Africa's future, offering lessons in success and areas for improvement. #AfricanDevelopment #Investment #TechInnovation #Education #Healthcare #Diplomacy #EconomicGrowth

This week, our team (Suvra Chakraborty and Rajarshi (Raj) Chakraborty) are invited to the Offshore Outsourcing Tour (hosted by IT PARK Uzbekistan, The Ministry of Digital technologies of Republic of Uzbekistan, and The World Bank) to delve into the thriving Uzbek IT Ecosystem! Here's why Uzbekistan is poised to become a major IT Hub: 🌟 Exports of information and communication technology services increased from $169.3 million to $306 million from 2020 to 2022 (according to IT PARK Uzbekistan), and this upward trajectory shows no signs of slowing down. 🌟 With over 210+ Universities (65 of which are IT Universities) Uzbekistan boasts immense potential due to their young and entrepreneurial workforce. 🌟 Abundant technical skills coupled with government backed incentives make Uzbekistan an attractive destination for foreign companies. Stay tuned as we uncover more insights from the Offshore Outsourcing Tour and explore the opportunities in the Uzbek IT landscape! 🚀 #OutsourcingConference #UzbekIT #TechInnovation #centralasia #uzbekistan

#Romania has achieved impressive economic growth, with income per capita rising from 26.4% of the EU average in 2000 to an incredible 78% by 2023. But there’s more work to be done! 💪 Challenges ahead: ⚠️ Romania has the highest poverty rate in the EU, and its growth model needs a refresh to tackle slowing productivity and boost competitiveness. The new World Bank Group Country Partnership Framework for Romania is focused on reducing poverty and boosting prosperity by investing in human capital, creating quality jobs, and accelerating the green transition. 🌱💼 Here are four key areas that can unlock Romania’s full potential: ⚡𝐄𝐧𝐞𝐫𝐠𝐲: Romania will need an estimated $356 billion to meet its climate goals by 2050, about 3% of its projected GDP, with two-thirds of the funding expected from private sources. 🚆 𝐓𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭: Enhancing connectivity and competitiveness by unlocking private-sector opportunities is crucial for Romania's economic development. Closing infrastructure gaps through #PPPs will play a key role in achieving these goals. 💰 𝐅𝐢𝐧𝐚𝐧𝐜𝐞: Developing and diversifying the financial sector is vital for mobilizing private capital to support Romania’s growth and climate ambitions. Expanding access to finance for SMEs will be essential to drive inclusive economic development and foster innovation. 💻 𝐃𝐢𝐠𝐢𝐭𝐚𝐥: Embracing digital innovation presents huge opportunities, from data centers and tech startups to e-commerce and fintech. By addressing these priorities, Romania can achieve its full potential and build a more prosperous and sustainable future. wrld.bg/VApf50TrsuN #RomaniaCPF

Are you a Moldovan #graduate of a foreign university? Would you like to return to the Republic of #Moldova and share your skills and expertise to support the socio-economic development of your country? The Diaspora Engagement Hub (#DEH) return, and reintegration sub-programme for Moldovan graduates of foreign universities is offering you an opportunity to be integrated in the #Moldovanlabourmarket in strategic areas such as reformation of the #justicesector, #labourmigrationmanagement and #socialprotection, investment attraction, #greenenergy, public finance, #health, #education, #research, development, and innovation to support the #Europeanintegration of the Republic of Moldova. Selected Moldovan overseas graduates will receive information and logistical support for their return and reintegration back home, reimbursement of their international travel expenses, and a monthly living allowance for up to six months, as a top-up to their base salaries in Moldova. More information here https://lnkd.in/dNXES3tE This programme is implemented by IOM with the generous financial support of Migration Multi Partner Trust Fund.