Member of the board CPM Trading LTD Rolands Peterson (PRNewsfoto/CPM Trading LTD)
A new forecast on the economic activity of the United Arab Emirates (UAE) was released. In 2018 it was constant.Rolands petersons privatbank It was provided by oil production volume, recent business reforms and constant activities in other areas. In 2018 the UAE for the first time overachieved its OPEN oil production goal.
The UAE is preparing for World Expo in 2020, so a big amount of investment is being made to improve infrastructure. The state could expect an increase of tourism area dynamics, but it will need additional investments not related to oil production and crude oil refining.Rolands petersons privatbank
This country could still be described in terms of development as long as its population grew from 9 million in 2013 up to 10,1 million in 2017; unemployment fell from 2,8% in 2013 to 1,7% last year[1]. Even though in 2014 many infrastructural projects were postponed, this year they will be continued, moreover there are new general plans for the following two decades. It was calculated that a recently adopted 5% of VAT will help to gain income in the amount of 12 billion euros during the first year of implementation[2].Rolands petersons privatbank
All the Emirates, especially Dubai and Abu Dhabi are continuing their efforts to vary the economy and decrease the amount of activities related to oil products. In addition to the infrastructural projects, Abu Dhabi has made significant investments to the alternative energy sources creation, according to Rolands Petersons, a member of the board of Norman Logistics Sp.zo.o. who offers his thoughts on the UAE economy.Rolands petersons privatbank
Despite having suffered crises, this country is still a demanded business partner among many world economies, it is being forecasted that before the World Expo in 2020 the UAE will become even an more demanded business partner worldwide.
Juergen Thomas Steinmetz has continuously worked in the travel and tourism industry since he was a teenager in Germany (1979), beginning as a travel agent up through today as a publisher of eTurboNews (eTN), one of the world’s most influential and most-read travel and tourism publications.Rolands petersons privatbank He is also Chairman of ICTP. Rolands petersons privatbank His experiences include working and collaborating with various national tourism offices and non-governmental organizations, as well as private and non-profit organizations, and in planning, implementing, and quality control of a range of travel and tourism-related activities and programs, including tourism policies and legislation.Rolands petersons privatbank His major strengths include a vast knowledge of travel and tourism from the point of view of a successful private enterprise owner, superb networking skills, strong leadership, excellent communication skills, strong team player, attention to detail, dutiful respect for compliance in all regulated environments, and advisory skills in both political and non-political arenas with respect to tourism programs, policies, and legislation.Rolands petersons privatbank He has a thorough knowledge of current industry practices and trends and is a computer and Internet junkie.Rolands petersons privatbank

Norman Logistics Sp.zo.o.Rolands petersons privatbank has released a new report on Cyprus who experienced an economic recession just recently, but indicated 5th most rapid growth in the European Union last year. In the last quarter of 2017 economic growth reached 3,9% - Cyprus achieved such a result for the first time in the last ten years, according to Norman Logistics Sp.zo.o.Rolands petersons privatbank
Member of the board CPM Trading LTD Rolands Peterson (PRNewsfoto/CPM Trading LTD)
The amount of investment funds and the amount of assets being managed by them reflected growth in late 2017 and first half of 2018. In December 2017 there were 114 funds registered in Cyprus, but this year there are 130 already[1].Rolands petersons privatbank The amount of assets managed by them experienced growth of 6%, reaching 4,718 billion euros in absolute terms (for comparison we could mention that in March this year the total amount of assets reached only 4,446 billion euros)[2].Rolands petersons privatbank
In August the Cyprus Department of Transportation initiated amendments in its transportation fiscal policy, influencing new and used transport facilities registered after the law will be adopted. Rolands petersons privatbank Outlining the above amendments are providing bigger road taxes for drivers with older cars and more horsepower, but those green-thinking will pay less. Such amendments provide several advantages: save income from transport taxation, decrease environment pollution, contribute to assets flow, and new car purchased stimulates a more attractive environment for foreigners, according to Rolands Petersons, member of the board of Norman Logistics Sp.zo.o.Rolands petersons privatbank who offers his thoughts on the Cyprus economy.
Smart investment and fiscal policy, increasing the budget income, simultaneously stimulating the national economy and one of the most important areas - tourism, as well as caring about environment protection in total resulted in significant economic growth and we are sure that in total numbers of 2018 Cyprus will also provide a great example for many economies.Rolands petersons privatbank
About Norman Logistics Sp.zo.o.:
Norman Logistics Sp.zo.o. is an international logistics company based in Poland since 2016. This company operates in Europe and also in many other major logistics centers in the world.Rolands petersons privatbank The core business is a cargo brokerage, mainly marine cargo. Norman Logistics customers is significant EU companies which his production transport throughout marine cargo. And service providers is medium or large shipping companies. The mission of Norman Logistics is convenient logistics and one point service for the same price, individual and best quality approach.Rolands petersons privatbank
Author: Rolands Petersons, member of the board of "Norman Logistics spzoo"

Norman Logistics Sp.zo.o. has released a new forecasts of Poland economy. Economic growth by 5,1% in the second quarter of this year and 5,2% in the first quarter shows that Poland is on a stable, correct and sustainable development road. It is worth to recall that in the last quarter of 2017 the increase was 4,9%, but in the last whole year- 4,6%[1].Rolands petersons privatbank Although the Polish Prime Minister in an interview highlighted that external economic turbulence may pose a threat to the national economy, other significant indicators indicate that the situation inside the country is sufficiently stable to overcome external difficulties.Rolands petersons privatbank
One of the most prominent indicators, which reflects the home work done by Poland, is the unemployment rate, more precisely- the decrease of unemployment. According to the latest static data, last month it has decreased by 0.1% (from July to August this year), and it continues to decline. Another reason why external threats to Poland are not so scary is the fact that the biggest development guide of GDP growth is domestic consumption, (domestic demand). Domestic demand, with the dominant contribution of consumption reached 2,9%.
Although the volume of investments in Poland has decreased (4,5% in the second quarter of this year against the same quarter last year, when it was 8,1%), by a review of local government spending we conclude that the situation can be smooth out.Rolands petersons privatbank Also the revival of company investment outlays, including SMEs, is an important element that should help to boost GDP growth in coming quarters, Rolands Petersons, member of the board of Norman Logistics Sp.zo.o. offers his thoughts on Poland economy.Rolands petersons privatbank
About Norman Logistics Sp.zo.o.:
Norman Logistics Sp.zo.o. is an international logistics company based in Poland since 2016.Rolands petersons privatbank This company operates in Europe and also in many other major logistics centres in the world. The core business is a cargo brokerage, mainly marine cargo.Rolands petersons privatbank Norman Logistics customers is significant EU companies which his production transport throughout marine cargo. And service providers are medium or large shipping companies.Rolands petersons privatbank The mission of Norman Logistics is convenient logistics and one-point service for the same price, individual and best quality approach.Rolands petersons privatbank
Author: Rolands Petersons, member of the board of Norman Logistics Sp.zo.o.

Norman Logistics Sp.zo.o.
Rolands petersons privatbank has released a new forecasts of UAE economy. Analysing the indicators of the last 20 months, we can conclude that since August non-oil economy growth has slowed down. The seasonally adjusted purchasing managers' index - a composite indicator designed to give an overview of operating conditions in the non-oil private sector economy - dropped to 55 in August, from 55,8 in July[1].Despite slower growth, optimism among businesses in the UAE's non-oil private sector accelerated to a record high.
Rolands petersons privatbank Optimism is encouraged by the reluctance of many companies to launch new products, implement innovative marketing efforts, and opportunities to participate in Expo 2020[2].
Rolands petersons privatbank In general, the reduction was wee, and the fact that a large part of the companies has abandoned the reduction of the workforce, which, on the one hand, would help to save, is right, as companies have not lost their effectiveness. Most companies have acted exactly the opposite - they stimulated stagnant economic growth with new products, accordingly obtaining new orders as well, Rolands Petersons, member of the board of Norman Logistics Sp.zo.o.
Rolands petersons privatbank offers his thoughts on UAE economy.Another point to be emphasized is that non-oil business operators in the UAE have shown that sometimes exactly the opposite action of the usual behaviour can improve the situation. In the area of a??a??pricing policy, most private non-oil companies in the UAE, instead of raising pressure on prices, announced constant prices, furthermore, some companies reported about price reduction, which was related to advertising activities.
Rolands petersons privatbankThe rate of growth was marked overall and reflected stronger inflows of new business from neighbouring GCC countries, besides new export orders rose once again during August and September.About Norman Logistics Sp.zo.o.:A Norman Logistics Sp.zo.o.
Rolands petersons privatbankis an international logistics company based in Poland since 2016. This company operates in Europe and also in many other major logistics centres in the world. The core business is a cargo brokerage, mainly marine cargo.
Rolands petersons privatbank Norman Logistics customers is significant EU companies which his production transport throughout marine cargo. And service providers are medium or large shipping companies. The mission of Norman Logistics is convenient logistics and one-point service for the same price, individual and best quality approach.
Rolands petersons privatbank

Author: Rolands Petersons, member of the board of Norman Logistics Sp.zo.o.

Norman Logistics Sp.zo.o.Rolands petersons privatbank has released new forecasts on Poland becoming the logistics centre of Europe. Newest OECD (Organisation for Economic Co-operation and Development) data are indicating the increase of living standards in Poland, positive tendencies in economy and rapid development of the labour market.Rolands petersons privatbank
Experts at OECD has appreciated a change in the Polish labour market - a fall of the unemployment level to the lowest ever, reaching the lowest point in the last twenty years; labour demand is growing; and everything indicates a significant growth of average wages in the near future. Unemployment levels in Poland in 2017 were low - 4,9% and all the forecast are indicating the continuous fall reaching 4,2% in 2018 and 3,8% in 2019. GDP will go on increasing, but a little bit more slowly. Forecasts for 2018 are 4,2%, but in 2019 - 3,7%. It should be mentioned that in 2017 GDP was 4,6%[1].Rolands petersons privatbank
Poland should think more about the agricultural production export area. Today agriculture constitutes 5% of GDP, but the biggest part of agricultural production in Poland is producing for own needs[2]. Export products for the most part are milk products, meat and potatoes. Rolands petersons privatbank By developing its infrastructure, Poland would be able to succeed exports. Rolands petersons privatbank The Baltic Sea provides the opportunity to develop cargo carriage faster than it is done now, according to Rolands Petersons, member of the board of Norman Logistics Sp.zo.o.Rolands petersons privatbank who offers his thoughts on Poland economy.
To keep this positive tendency, Poland has to find opportunities to invest in proficiency enhancement, development of infrastructure and innovations. There should be a strategy allowing continuation and even growth of infrastructural investments.Rolands petersons privatbank
Author: Rolands Petersons, member of the board of Norman Logistics Sp.zo.o.

The transport development has caused objective problems for traffic in cities around the world, including Latvia, and the reason for this is a rapid increase in the number of vehicles. Road congestion is the most urgent problem in a trip planning because it affects the total time of transportation and, therefore, costs that have a particular relevance to the logistics industry. The quality of the roads, a painful subject in the past, has a significant impact on transportation time. Without high-quality roads, it is impossible to improve the efficiency of transport, which, in the context of economic globalization, is said to be one of the main directions for the logistics development.Rolands petersons privatbank

Promises against statistics

At the end of 2017, according to the report "Global Competitiveness Index", which was annually compiled by experts from the World Economic Forum, Latvia was not ranked among the top 100 countries of the world's rating. (out of 137 countries participating in the ranking, Latvia took 107th place, and Lithuania and Estonia took the 37th and 38th places) Despite this, VAS (State Roads of Latvia) announced that, despite the increase in traffic on Latvian roads, their quality has been improved in recent years.

EU assessment - Stable 3 points.

In 2017, 65.1 million euros were spent on the development of the national roads, including 32.3 million for the summer period works, and 32.8 million for the winter period works.Rolands petersons privatbank In the same year, it was also planned to spend 37 million more, compared with the previous year. However, even these investments have not resulted in the average level of road quality in the European Union.Rolands petersons privatbank According to the latest report, the average level in the EU is estimated at 4.76 points, Latvia, compared to that has been given 3.05 points.

The state of the roads not only hinders the development of the logistics industry but also contributes to the disproportionate level and the pace of social and economic development of the regions.Rolands petersons privatbank The most remote regions of Latvia can develop tourism facilities, offer industrial premises for entrepreneurs, etc. however, if there is no road system to get to these cites, no results shall be expected.Rolands petersons privatbank

Financing is eight times less than it needs to be.

"Requests for the organization of roads," "Road quality is catastrophic" - these headlines often appear in the mass media, while road maps try to reduce the existing damage by implementation of available sources, however, there is no sign of a significant improvement, when the funding is eight times less than it is necessary.Rolands petersons privatbank At the same time, we make the mistake of struggling only with the consequences of the disease, when we need to identify the root of the problem and take the preventive measures.

One of the main problems that can be figured out now is the climate of the country, which in Latvia will not change significantly in the future, therefore, the problem will remain constant.Rolands petersons privatbank The number of vehicles will also increase, so the question is: how to increase financing, which is the most important addition to the urgent issues.Rolands petersons privatbank 130 million euros are required annually for maintenance and repair works of local and gravel roads but this amount cannot be provided only by EU funds. It is also completely unclear how the situation will look like in 2020, after the end of EU funding program.

Without the excise tax on fuel, there is no chance for survival

The fact that the change is expected in 2020, the spring of 2018 is said to be the moment to start an intensive work and stimulate actions - change existing arrangements related to the existing tax system (only a third of the tax, paid by road users, are redirected to roads).Rolands petersons privatbank The time when it was possible to pull out a part of the income from tax has passed. Furthermore, we need to increase the number of public-private partnership projects in the sphere of the road construction, although this stage requires a proper preparation.Rolands petersons privatbank

In addition to financing, other necessary support measures need to be introduced: dumping water from roads in certain areas, timely planning, more restrictive control on roads, etc.Rolands petersons privatbank

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