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.…
The World Bank (WB) has maintained the forecast of GDP growth in Azerbaijan in 2019 at the level of 3.3%, based on the bank’s June report “Global Economic Prospects”. According to the report, WB confirmed the acceleration of GDP growth in Azerbaijan in 2020 to 3.5%, and in 2021 – to 3. %. In general,…
Inflation in Armenia comprised 1.9% as of March: in general, low inflationary environment was maintained in the country in the first quarter of 2019, President of the Central Bank of Armenia Artur Javadyan said, while introducing the annual report of the Bank’s activity in the Parliament. “In the first quarter of 2019 inflation was at…
Ukraine’s national budget fell short of UAH 8.545 billion, or $319 million, in revenue from January to May. In the first five months, budget revenue totaled UAH 426.684 billion, or $15.95 billion, down by 2% from the planned indicator. At the same time, budget revenue was 15%, or UAH 56.954 billion ($2.12 billion) up on…
At a meeting with the public in Taraz on June 3, Head of State Kassym-Jomart Tokayev said that the government was drafting new amendments to the Tax Code. “The government is now drafting a package of amendments to the Tax Code. As per these amendments, the new enterprises will be issued investment tax credits for…