Armenia: foreign debt increase unavoidable

Armenia is still among countries having a low burden of foreign debt, but in the current coronavirus-related conditions an increase of the debt is unavoidable, Finance Minister Atom Janjughazyan has said while commenting on the bill to amend the budget. “The proposed scenario implies a 324-billion dram deficit. To fund this deficit we are considering…

Georgia: external trade up in Q1 2020

Georgia’s external trade turnover amounted to $2.77 billion in January-March, up by 2.7% YoY, showed preliminary data from the National Statistics Office of Georgia (Geostat). The value of exports decreased by 5.9% and reached $778.2 million, while imports decreased by 1.4%, amounting to $1.99 billion. The trade deficit of Georgia in January-March amounted to $1.23…