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…