Armenia’s macroeconomic performance has been satisfactory, and the financial system has been stable in 2018, the Executive Board of the International Monetary Fund (IMF) said in its Financial System Stability Assessment (FSSA) of the country. Armenia’s financial system has expanded further since the 2012 Financial Sector Assessment Program (FSAP). According to the IMF, Armenia’s banking…
The trade turnover between Ukraine and Lithuania in 2017 increased by more than 40% YoY and in January-September 2018 – by more than 17%, Ukraine’s First Vice Prime Minister – Minister of Economic Development and Trade Stepan Kubiv wrote on his Facebook page. “I’m participating in the 4th Ukrainian-Lithuanian Economic Forum, which gathered over 400…
The average monthly salary in Ukraine amounted to UAH 9,063 in the third quarter of 2018, up by 24.7% YoY, according to the State Statistics Service of Ukraine. The highest average monthly salary in the third quarter was recorded in the air transport industry (UAH 39,439; +11%), in the financial and insurance sectors (UAH 16,205;…
The Central Bank of Azerbaijan (CBA) received 350 million manats from banks at a deposit auction on December 3, CBA said in a message. According to the message, the demand at the auction amounted to 1.079 billion manats. The weighted average interest rate on deposit transactions concluded within the auction was 7.76%. The CBA has…
Georgia has set a new record, hosting over 8 million international travelers this year, the Georgian National Tourism Administration (GNTA) announces. More specifically, Georgia hosted 8,105,829 international travelers in January-November, showing an increase of 10.6% YoY. Of these travelers, 4,486,595 were tourists, up by 17.2%. The majority of foreign travelers were from Russia -1,341,127 (+23.8%),…
Azerbaijan may leave bankcards behind by switching to the use of mobile technologies offline, as it happened in China, a source on Azerbaijan’s financial market reported. The number of bankcard users in Azerbaijan is insignificant and amounts to only 10% of the total population, the source noted. “Similar indicators were also on the Chinese market,…
Revenues of the Kherson region’s consolidated budget in 2018 grew 3-fold compared with 2014, Head of the Kherson Regional State Administration Andriy Hordeyev stated at a meeting of the Regional Development Council. “Consolidated budget: revenues of the budget grew 3-fold in 2018 compared to 2014. The consolidated budget in the first ten months of 2018…