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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