Turkey and Ukraine agreed to have signed the free trade agreement by the year’s end. “At the 7th meeting of the strategic council we decided to have completed the work on signing of the free trade agreement by the year’s end. We believe that we will be able to achieve our goal – balance of…
The European Bank for Reconstruction and Development (EBRD) has lowered its forecast for Estonia’s economic growth this year by 0.2%, to 3.6%, citing poor corporate investment. The EBRD highlighted that following the investment-led strong gross domestic product (GDP) growth recovery of 4.9% in 2017, economic growth in Estonia slowed down to 3.5% YoY in the…
In 2018 the volume of money supply in the economy of Azerbaijan has grown by more than 8%, Elman Rustamov, the Chairman of the Central Bank, said at a meeting with members of the American Chamber of Commerce in Azerbaijan (AMCHAM). Rustamov noted that despite the fairly large liquidity in the banking sector, there were…
Minister of National Economy of Kazakhstan Timur Suleimenov has announced a forecast of the country’s social and economic development for 2019-2023. “The forecast is based on the statistical reporting data on GDP for 2017, the results of economic sectors in seven months of the current year, and the trends on world commodity markets,” said Timur…
By 2030 there are plans to reduce the unemployment rate to 4% in Azerbaijan, as well as to bring the unemployment rate among women and youth to a minimum, according to the Employment Strategy of Azerbaijan for 2019-2030. The unemployment rate in Azerbaijan in 2017 was 5%, the unemployment among women was 5.9%, among young…
Zhytomyr region sells 64% of its export products to the countries of the European Union, Vice Prime Minister for European and Euro-Atlantic Integration of Ukraine Ivanna Klympush-Tsintsadze said during the regional conference “European Integration: The Power of Opportunity” held in Zhytomyr. “I am glad that 64% of exports from Zhytomyr region are directed to the…
In the first nine months of 2018 the trade balance surplus in Azerbaijan was 19% of the GDP, Chairman of the Central Bank of Azerbaijan (CBA) Elman Rustamov said at a press conference in Baku on October 30. Rustamov stressed that export of the non-oil goods in January-September increased by 13% YoY. Moreover, he stressed…