Azerbaijan: export orders up in January-July 2019

Azexport.az portal and “Single Window” Export Support Center, operating under the Center for Analysis of Economic Reforms and Communication, have been increasing the country’s export potential by facilitating trade procedures through new mechanisms. Azerbaijani producers received export orders worth $346.6 million in January-July through the Azexport.az portal. Export orders increased by 10% compared to the…

Georgia: economy up in July 2019

The Georgian GDP increased by 6.1% in July, show the latest data from the National Statistics Office of Georgia (Geostat). Geostat reported that GDP grew by 5.1% overall in January-July. In July the estimated real growth compared to the same period of the previous year was posted in the following activities: construction, manufacturing, trade, real…

Ukraine: state debt up in July 2019

As of July 31 Ukraine’s state and government-guaranteed debt amounted to $82.40 billion, or UAH 2,066.9 billion, the Finance Ministry has reported. “As of July 31, the state and government-guaranteed debt of Ukraine amounted to UAH 2,066.92 billion or $82.40 billion, including the state and government-guaranteed external debt in the amount of UAH 1,246.01 billion…

Estonia: average wages up in Q2 2019

The average monthly wage rose to EUR 1,419 per month in the second quarter of 2019, figures released by Statistics Estonia showed. Compared to the same time period last year the average monthly salary increased by 7.4%. The average hourly gross wage was EUR 8.22 euros, up by 9%. The average monthly gross wages and…

Ukraine: profitability of enterprises up in H1 2019

The profitability of large and medium-sized Ukrainian enterprises reached UAH 218.1 billion in January-June, up by 23.4% YoY, according to the State Statistics Service of Ukraine. “In January-June the financial result (pre-tax revenues) of Ukrainian large and medium-sized enterprises came to UAH 218.1 billion in revenues (UAH 176.8 billion in January-June 2018),” reads the report.…

Kyrgyzstan: state debt up in June 2019

As of the end of June state debt of Kyrgyzstan reached $698.7 per capita. Over the month, the debt burden has grown by $2.7. According to the Ministry of Finance, as of June 30 the total volume of the state debt (external + internal) of Kyrgyzstan amounted to $4,471.91 billion (310,765.75 billion soms), including $3,792.64…

Georgia: unemployment down in Q2 2019

The unemployment rate in Georgia decreased by 0.7% to 11.4% in the second quarter of 2019, said the National Statistics Office of Georgia (Geostat). In Q2 the economically active population constituted 63.7% of the working age population (population aged 15 and older). “In comparison with the same quarter of the previous year, the economic activity…

Georgia: external trade down in January-July 2019

Georgia’s external trade decreased by 0.2% and reached $7.07 billion in January-July, says the National Statistics Office of Georgia (Geostat). The value of Georgian exports increased by 12.3%, to $2.10 billion, while the value of imports decreased by 4.7%, to $4.96 billion, said Geostat. In the reporting period Georgia’s trade deficit came out to $2.86…

Azerbaijan: economy to continue growing

According to analysts of the Institute of International Finance (IIF), Azerbaijan will continue economic growth, despite lower prices for raw materials and low growth rates in Russia and China, which significantly affects the regional economy, the IIF report on Caucasus and Central Asia says. According to the report, Azerbaijan is on course to expand its…