The Armenian Central Bank on April 28 cut its key refinancing rate by 0.25%, to 5%. In March, the country’s consumer price index rose by 0.5% MoM, but was down by 0.1% YoY, the bank said. The central bank will hold its next meeting on rates on October 29. The central bank also said that…
Georgia intends to begin indexing pensions to inflation and economic growth, says Georgian Finance Minister Ivane Matchavariani. “An increase in pensions for people less than 70 years old will be adjusted based on the inflation rate, while an increase of pensions for people above 70 will be adjusted based on 80% of economic growth as…
Deputy Prime Minister Roman Sklyar, as part of a working trip to Atyrau region, got acquainted with the implementation of infrastructure projects of under Nurly Zhol program. Roman Sklyar and Akim of Atyrau region Makhambet Dosmukhambetov have visited the border area “Kurmangazy”. Deputy Prime Minister inspected the operation of the Kurmangazy checkpoint and the construction…
The Ukrainian Ministry of Energy and Environmental Protection is planning to accelerate the integration of Ukraine with the European power grid ENTSO-E, Acting Energy Minister Olha Buslavets said during an online discussion of the implementation of Annex XXVII to the Association Agreement. “A very important area is technical synchronization with the European ENTSO-E system. There…
Azerbaijan’s EVRASCON (Euro-Asian Construction Corporation) company has won the construction tender in Kyiv’s road transportation sector. As a result of the tender, EVRASCON will oversee the construction of traffic interchanges on the M-05 Kyiv-Odessa and M-06 Kyiv-Chop roads. The interchanges will be built on three sites. The construction of interchanges will ensure the unloading of…
To contribute to economic recovery under conditions of the crisis caused by COVID-19, political parties forming the coalition agreed to allocate EUR 75 million for road infrastructure projects. Prime Minister Krisjanis Karins told journalists after a meeting of the coalition council on April 27 that most of the meeting was spent discussing economic recovery topics…
Economic activity in Armenia shrank by 4.9% YoY in March, data from the National Statistical Service revealed. Economic activity in the country has contracted as a result of a lockdown imposed in mid-March in a bid to curb the Covid-19 outbreak. In the reporting period, construction and trade declined by 26.2% and by 9.9%, respectively,…