The Central Bank of Azerbaijan (CBA) sees the potential for further reduction of the discount rate, Chairman of the CBA Elman Rustamov declared. Rustamov said the monetary regulator (CBA) this year had done much in this direction. “Nevertheless, external risks have recently intensified, in particular, those related to volatility of the national currencies in a…
More than 3.3 million shipments weighing over 275,000 kilograms were processed in the transit center of Azerpost LLC and sent to 15 countries in the first seven months of 2018, Ministry of Transport, Communications and High Technologies reported. The postal operator delivered them to the U.S., Germany, Austria, Belarus, Great Britain, Czech Republic, France, Iran,…
Ukraine’s Ambassador to Belarus Igor Kizim expressed confidence in further dynamic development of economic cooperation with Belarus as he spoke at an event to mark the 27th anniversary of the independence of Ukraine. According to the diplomat, Belarus and Ukraine maintain active dialogue at the governmental and regional levels. In his words, there is no…
According to the results of January-July there is $705.7 of state debt of Kyrgyzstan per capita. The debt burden increased by $0.7 MoM. According to the Ministry of Finance, as of July 31, the debt amounted to $4,415.26 billion or 300,502.46 billion soms. About $3,808.03 billion (259,074.27 billion soms) of the sum is the external…
Inflation in Ukraine in August in annual terms, compared to August 2017, was recorded at 9%, accelerating from 8.9% a month earlier. At the same time, prices did not increase against July after a negative trend at -0.7% July to June, the State Statistics Service reported. Compared to December 2017, prices increased by 3.6%. According…
Armenia and Georgia have agreed to expand trade to $1 billion in the coming years, Prime Minister Nikol Pashinyan told a joint press conference with his Georgian counterpart Mamuka Bakhtadze. Pashinyan said the two parties needed to have a roadmap to “move towards that goal and accomplish the task”. Trade between Armenia and Georgia amounted…
According to the results of the first eight months of 2018, the growth of gross domestic product (GDP) in Kazakhstan amounted to 3.8%, Minister of National Economy Timur Suleimenov revealed. While addressing the government’s session, minister Suleimenov noted that the positive trend of economic growth in Kazakhstan had persisted in January-August. “At the same time…