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…


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…


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. ( 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%),…


Azerbaijan: 2019 budget of social protection and unemployment insurance funds adopted

The budget of Azerbaijan’s State Social Protection Fund and the Unemployment Insurance Fund has been submitted for discussion at the plenary meeting of the Azerbaijani parliament. The State Social Protection Fund’s revenues for 2019 are projected at 3.928 billion manats, up by 9.8% YoY. The revenues of the Unemployment Insurance Fund for 2019 are projected…