Georgia’s external trade amounted to $4.95 billion in January-May, up by 1% YoY, says the National Statistics Office of Georgia (Geostat). In the reporting period the value of Georgian exports increased by 14.2%, to $1.46 billion, while the value of imports decreased by 3.6%, to $3.49 billion. Georgia’s trade deficit came out to $2.02 billion,…
The country’s GDP growth reached 4% in January-May, Kazakh Prime Minister Askar Mamin said at a government meeting. He instructed to take measures to increase the pace of economic development. The main drivers of the economy were construction – an increase of 8.8%, trade – 7.5%, transport – 5.3%, processing industry, including mechanical engineering –…
In April the foreign trade turnover of Latvia was 9.5% larger than a year ago, of which the exports value of goods was 2.9% and imports value of goods 15.3% higher, show provisional data of the Latvian Central Statistical Bureau. According to data published by the body, in April Latvia exported goods in the amount…
Inflation in Ukraine in May amounted to 9.6% YoY, accelerating from 8.8% in annual terms a month earlier, the State Statistics Service of Ukraine reports. May prices compared against the previous month were up by 0.7% after rising in April by 1% against March. Compared with December 2018, consumer prices in May increased by 4.2%.…
Economist Viktor Skarshevsky forecasts the forex rate of Ukraine’s national currency, the hryvnia, will have slightly weakened against the U.S. dollar by the end of the summer, to UAH 28-28.5. By autumn, demand for foreign currency will have increased and the dollar will have become stronger. This summer, the hryvnia may still strengthen to UAH…
Prime Minister Nikol Pashinyan has invited Italian businessmen to participate in the economic rise of Armenia at the inaugural Armenia-Italy Business Forum in Yerevan. He said that a leap development of the economy was among the government’s priorities. “One year ago an unprecedented, non-violent, Velvet Revolution took place in Armenia. During the past year we…
The State Program for the Development of Industry in Azerbaijan for 2015-2020 and the successful industrialization policy are yielding positive results, Azerbaijani Economy Minister Shahin Mustafayev said. For example, non-oil industrial production in 2015 increased by 8.4%, in 2016 – by 4.8%, in 2017 – by 3.7%, and in 2018 – by 9.1%, he noted.…