Azerbaijan: trade with Serbia up in 2018

The trade turnover between Azerbaijan and Serbia has grown by 33% this year, Economy Ministry reported. The ministry was commenting on the fifth meeting of the Azerbaijan-Serbia intergovernmental commission on trade and economic cooperation. Prior to the meeting of the intergovernmental commission with the participation of delegations led by co-chairs of the commission – Azerbaijani…

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Azerbaijan: launch time of Baku-Tbilisi-Kars passenger transportation announced

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…

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Armenia: financial system stable

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…

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Kyrgyzstan: electricity consumption up in November 2018

Electricity consumption is increasing in Kyrgyzstan, National Electric Network of Kyrgyzstan reported.

In November this figure reached 1,673 billion kilowatt-hours.

According to the central dispatching department of NENK, in November 2017 electricity consumption was 1,356 billion kilowatt-hours. (24.kg/Business World Magazine)

Georgia: over 8 million international travelers welcomed in 2018

Georgia has set a new record, hosting over 8 million international travelers this year, the Georgian National Tourism Administration (GNTA) announces. More specifically, Georgia hosted 8,105,829 international travelers in January-November, showing an increase of 10.6% YoY. Of these travelers, 4,486,595 were tourists, up by 17.2%. The majority of foreign travelers were from Russia -1,341,127 (+23.8%),…

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