As part of his visit to Switzerland, Head of the Department of Foreign Policy Affairs of the Azerbaijani Presidential Administration Hikmet Hajiyev has met with Head of the European and Eurasian offices of the World Economic Forum (WEF), member of the WEF Executive Committee Martina Larkin. During the meeting, Hajiyev described WEF as an important…
Ukrainians in October bought $1.505 billion in cash via the banking system, which was $91.5 million up on the amount of foreign currency they sold. The excess was reported after in September forex cash sales were higher than purchases, the National Bank of Ukraine said on its website. In 10 months forex sales by households…
The decision by the National Bank of Ukraine (NBU) on reducing the key policy rate by 1%, to 15.5%, is based on the main assumption of an updated macroeconomic outlook for successful cooperation with the International Monetary Fund (IMF), the press service of the central bank reported this with a reference to the summary of…
Over the past 15 years, gross domestic product in Azerbaijan has grown about 3-fold, industrial production 2.6-fold, export volumes 4.7-fold and foreign exchange reserves 24-fold, according to the statistics on macroeconomic indicators for the reporting period. During the same period, infrastructure projects were implemented in Azerbaijan, mainly in the regions. Thus, over the past 15…
The National Bank of Ukraine (NBU) maintained its preliminary inflation forecast for 2019 -2021 and improved economic growth forecast up to 3.5-4%, the central bank stated in its quarterly inflation report for October, according to the NBU press service. “Inflation will have fallen to 6.3% by the end of the current year and come to…
The Georgian gross domestic product (GDP) increased by 5.2% in September compared to the same period of last year, showed the latest data from the National Statistics Office of Georgia (Geostat). Geostat reported that real GDP grew in January-September 2019 by 5% YoY. In September the estimated real growth compared to the same period of…
Ukrainian Prime Minister Oleksiy Honcharuk says the Cabinet of Ministers has set a goal for Ukraine to get within the next three years into the top-10 of the Doing Business international ranking. “This is a very low spot (64th) for Ukraine. Our state has enormous potential and can even be in the top-10. This is…