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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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…

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Turkmenistan: additional railway line to be built in Afghanistan

The information about laying an additional 10-kilometer railway line to develop Afghanistan’s Aqina railway station was voiced at a working governmental meeting in Ashgabat city. The corresponding project was developed at the Turkmen Ministry of Railways. President of Turkmenistan Gurbanguly Berdimuhamedov stressed that all infrastructure facilities of this railway must be provided with equipment that…

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Ukraine: FDI up in January-September 2018

The volume of foreign direct investment in the Ukrainian economy (non-residents’ equity capital) in January-September increased by $367.2 billion, or by 1.2% YoY, to $31.974 billion as of October 1. Over the period under review $1.71 billion in new investment was received, while $491.5 million was dropped. The negative revaluation stood at $851.7 million, according…

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Ukraine: Deposit Guarantee Fund introduces temporary administration in VTB Bank

The Individuals’ Deposit Guaranteeing Fund has started the procedure of withdrawing PJSC VTB Bank from the market by introducing temporary administration for one month from November 28 to December 27. According to the fund’s website, Yulia Zabolotna has been appointed temporary administrator of the credit institution. The beginning and procedure of paying guaranteed amount to…

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