Georgia: market fully open

A Georgia-Japan business forum was held in Tokyo, where Georgian Prime Minister Mamuka Bakhtadze and Economy Minister Giorgi Kobulia introduced Japanese business society to Georgia’s investment climate and business opportunities. Bakhtadze said that Georgia was remarkably attractive for international investments. “Our market is fully open, our economy is liberal and our location is strategic”, said…

Kyrgyzstan: gold lifts economy in February 2019

Economic results of Kyrgyzstan’s development have been encouraging for the second month in a row. GDP is growing, as is the industry. But the prices, on the contrary, fell slightly. According to the National Statistical Committee of Kyrgyzstan, in January-February, Kyrgyzstan’s GDP amounted to 63,09.3 billion soms, up by 4.9% YoY. In February, the economic…

Georgia: economy up in January 2019

Georgia’s economy is growing steadily, show the latest data from the National Statistics Office of Georgia (Geostat). The estimated real gross domestic product (GDP) growth rate in January equaled 3.5% YoY. Last month the estimated real growth, compared to the same period of the previous year, was posted in the following activities: trade; hotels and…

Ukraine: industrial production down in January 2019

Ukraine’s industrial production declined by 2.9% in January compared to January 2018, the State Statistics Service of Ukraine reported. According to the seasonally adjusted index of the state statistics agency, industrial output in January 2019 shrank by 0.5% compared to December 2018. According to unadjusted indices, the drop in industrial production last month was 3.3%…

Ukraine: trade and economic cooperation discussed with Qatar

The representatives of Ukraine and Qatar have discussed the issues of bilateral trade and economic cooperation and the opportunities for investment in Ukrainian infrastructure, agriculture, and energy sectors. “The main talking points of the meetings were the issues of bilateral trade and economic cooperation, the opportunities for investment in Ukrainian infrastructure, agriculture and energy sectors,…

Kazakhstan: Kostanay region economy up in 2018

Enterprises of the mining sector of Kazakhstan’s Kostanay region produced goods for 361.7 billion tenge in 2018, up by 15.5%, governor of the region Arkhimed Mukhambetov said. He also noted positive trends in all major macroeconomic indicators. The head of the region said that industrial enterprises manufactured products for 871.7 billion tenge. Mukhambetov touched on…

Armenia: trade turnover with EU up in 2018

Armenia’s trade turnover with the member states of the European Union recorded a major growth in 2018, comprising $1 billion 830 million 74 thousand, moreover, the export grew by nearly 8%. The GSP+ privileged trade regime and the new electronic system for certification of origin of goods greatly contributed to the boosting of the commercial…

Azerbaijan: GDP up in January 2019

Azerbaijan’s GDP in January amounted to almost 5.9 billion manats, up by 2.9% YoY, the State Statistics Committee reported. GDP per capita was 601.1 manats. The volume of GDP produced in the non-oil sector of Azerbaijan increased by 2.7%, while there was an increase of 3.2% in the oil and gas sector. In 2018, except…

Ukraine: trade with EU up in 3 years

Trade between Ukraine and the EU has increased by 60% in the past three years, President of Ukraine Petro Poroshenko said during his speech at the panel discussion “Security in Eastern Europe” within the framework of the Munich Security Conference. The president noted that Ukraine’s external trade with EU countries accounted for 43%. “Europe for…

Ukraine: real GDP up in Q4 2018

Real GDP of Ukraine increased by 3.4% in the fourth quarter of 2018 compared to the same period in 2017, the State Statistics Service of Ukraine has reported. Real GDP in the fourth quarter of 2018 increased by 1.1% QoQ (taking into account a seasonal factor), and by 3.4% compared to the fourth quarter of…

Ukraine: capital investment up in 2018

Last year, the growth of capital investment in Ukraine was almost 20%. “Inflation slowed down to a single digit level, and the growth of capital investments was almost 20%. Last year, 957 industrial and production facilities were repaired and reconstructed, giving new products and new jobs,” Ukrainian Prime Minister Volodymyr Groysman said at the Cabinet’s…

Kazakhstan: foreign trade turnover up in 2018

Kazakhstan’s foreign trade turnover in 2018 comprised $93.5 billion, up by 19.7% YoY, the Statistics Committee of the National Economy Ministry reported.

The volume of export in the reporting period made $67 billion (+25.7%) and import was $32.5 billion (+9.9%). (Kazinform/Business World Magazine)

Azerbaijan: increased salary not to entail price hike

The Azerbaijani government will take all necessary measures to prevent intended increase in prices after increase of the minimum wage, Abulfat Maharramov, director of the labor policy department of the Ministry of Labor and Social Protection of Population of Azerbaijan, declared. Maharramov said the National Confederation of Entrepreneurs would be given relevant instructions to prevent…