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Uzbekistan Minister Laziz Kudratov On Country’s Sweeping Economic Makeover

Global Finance

Along with a more business-friendly environment, key reforms, such as reducing VAT from 20% to 12% and creating special economic zones, we have strengthened our position as an attractive destination for foreign investors. We have also made a conscious effort to develop new sectors such as pharmaceuticals, IT, and renewable energy.

Economics 116
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Latvia: Doorway To The EU

Global Finance

Its also looking to AI, fintech, smart consumer electronics, biomedicine and pharmaceuticals. Led by Latvian President Edgars Rinkvis and Minister of Economics Viktors Valainis, the eight-day event included investor briefings in Houston, San Francisco, and Denver. The plan is to raise the defense budget to at least 4% of GDP in 2026.

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IBM Targets Pharmaceuticals With Blockchain Supply Chain Tech

PYMNTS

As IBM continues its exploration of how blockchain could disrupt supply chain management, the technology firm has partnered with Hejia to introduce a solution targeting the pharmaceutical space. The solution is already working with one pharmaceutical retailer, a hospital and a bank to facilitate transactions between these parties.

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Holding Onto Your Marketing Budget in a Downturn

CFO News Room

If you’re a chief marketing officer (CMO), the current economic uncertainty undoubtedly creates anxiety for you, your team, and your agencies. The Mobile Marketing Association (MMA) has demonstrated the tight correlation between advertising spend and economic indicators like GDP growth by looking at historical data.

Budgeting 130
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Sri Lanka: Recovery Takes Hold

Global Finance

Since then, Rajapaksa’s successor, President Ranil Wickremesinghe has presided over yet another tentative economic recovery. With the next presidential and parliamentary elections planned for 2024, the approval ratings of the incumbent president and his government are weak. The World Bank projects GDP growth of 1.7% this year and 2.4%

Economics 105
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3 Ways to Build Trust with Your Suppliers

CFO News Room

Take a pharmaceutical company that had outsourced its facilities management to a supplier for almost 25 years. While savings and performance targets were being met, the pharmaceutical company was irritated with the supplier’s lack of innovation. It’s called “vested” because the parties have a vested interest in each other’s success.)

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Stakes Rising In The US-China AI Race

Global Finance

This sentiment is echoed by AI Now, a research institute, which asserts that “AI is now firmly positioned as a critical strategic technology for the geopolitical and economic ambitions of nation-states.” These advancements have thrust AI into the heart of national security and geopolitical discussions.

Economics 111