Azerbaijan makes territorial gains in Nakhchivan as fighting with Armenia flares

bne IntelliNews June 20, 2018

The Azerbaijani army has made substantial territorial gains in the enclave of Nakhchivan, taking 11,000 hectares of land from Armenia, the defence ministry in Baku announced in a video posted on its website on June 20.

World Bank expects robust growth in the Caucasus through 2020

bne IntelliNews June 7, 2018

Latest forecasts include upward revisions for all three states, with the most comprehensive changes for Azerbaijan, which is recovering from a contraction caused by low oil prices.

Residential real estate prices in Armenia declined in 2017

bne IntelliNews June 4, 2018

Prices for apartments were down across the country, except in downtown Yerevan, says a new central bank report.

Eurasians come in from the (financial) cold

Clare Nuttall in Bucharest June 1, 2018

New data shows soaring numbers of adults with a bank account in several Eurasian nations but the percentage of the population with an account in the wider region varied hugely from 98% in Estonia and Slovenia to just 29% in Azerbaijan.

Armenia reports an increase in remittances from Russia

bne IntelliNews May 29, 2018

Remittances sent to Armenia from Russia by individuals increased by 14.6% y/y in 2017, central bank governor Arthur Javadyan said on May 28. A similar growth pace was seen in the first four months of this year, Javadyan added.