The Baku-Tbilisi-Kars (BTK) railway not only strengthens economies of the countries in the region by boosting their transit potential, but also plays a role of a guarantor of stability and security in the region. The time launch of Baku-Tbilisi-Kars railway passenger trains has become known. Azerbaijan Railways Closed Joint Stock Company reported that the organization…
The socially vulnerable population of Georgia and people with disabilities will soon be able to buy more medicines at a symbolic or halved price starting next year, with medicines for epilepsy and Parkinson’s being added to the list. The medicines on the list are for chronic and cardiovascular diseases. “I am happy to say that…
Armenia’s macroeconomic performance has been satisfactory, and the financial system has been stable in 2018, the Executive Board of the International Monetary Fund (IMF) said in its Financial System Stability Assessment (FSSA) of the country. Armenia’s financial system has expanded further since the 2012 Financial Sector Assessment Program (FSAP). According to the IMF, Armenia’s banking…
The trade turnover between Ukraine and Lithuania in 2017 increased by more than 40% YoY and in January-September 2018 – by more than 17%, Ukraine’s First Vice Prime Minister – Minister of Economic Development and Trade Stepan Kubiv wrote on his Facebook page. “I’m participating in the 4th Ukrainian-Lithuanian Economic Forum, which gathered over 400…
The Deposit Guarantee Fund of Ukraine has extended the terms of liquidation of two banks – PJSC Bank Kontrakt and PJSC CB Active-Bank, the Fund’s press service reports. “The Executive Directorate of the Deposit Guarantee Fund approved a decision dated December 3, No. 3235, to extend the term of liquidation of PJSC Bank Kontrakt for…
Georgian Defense Minister Levan Izoria has left for France to sign a new deal with the country for the purchase of air-defense systems. Izoria stated that the Defense Ministry budget was increased by 20% this year, which provided the opportunities to sign one more deal with France regarding the systems, which would boost Georgia’s self-defense…
In January-October the total cargo turnover decline reached 2.1% at Ventspils port in comparison to the same period a year ago. This is the second lowest decline after the anti-record of 2016. In total, nearly 17 million tons of cargoes went through Ventspils port in this period of time, or 31% of the total volume…