Belarus had a good year in 2018 and the economy grew by 3% year-on-year, according to the national statistics agency Belstat. The Belarusian economy has been recovering well on the back of the ... more
Ukraine will continue its recovery in 2019, but growth will be weak, the International Monetary Fund (IMF) said on January 8, according to a report of the IMF published along with the text of the ... more
Russia’s banks and companies are back in profit, but the population are miserable and feel poor. Last year Russia earned a record current account surplus of $114.9bn, but real incomes in 2018 fell ... more
Georgia, the small South Caucasus country of 3.9mn, expanded by 4.8% y/y in Q4 from Q3’s 3.7% y/y, meaning the country expanded by 4.8% y/y in 2018 overall. That compares to 2017’s 5% advance and ... more
Iran has accused the US of creating a “war” situation with its reintroduction of heavy sanctions on November 5 designed to force the Iranians to the table to renegotiate their Middle East ... more
Iran has accused the US of creating a “war” situation with its reintroduction of heavy sanctions on November 5 designed to force the Iranians to the table to renegotiate their Middle East ... more
Just the threat of new “crushing” US sanctions that may be adopted in the autumn is already hurting the Russian economy in August. The Ministry of Economic development has already revised the ... more
Iran’s economy expanded by 3.7% during the 2017-2018 Persian calendar year (ended March 20), according to a report released by the Central Bank of Iran (CBI) on June 16. Further revisions of ... more
Belarus' economic growth was higher than expected in the first half of this year topping 4.5%, which is almost twice the 2.8% forecast at the start of the year. The government is using the windfall ... more
The Ukrainian economy is growing at a healthy rate, slightly ahead of analysts expectations, but still well below its potential especially following such a deep contraction in 2015. However, GDP ... more
Georgia, the small South Caucasus country of 3.9mn, expanded by 4% y/y in June. The expansion was driven by a rise in activity in transport, hotels and restaurants, financial intermediation and trade ... more
Iran’s economy expanded by 3.7% during the 2017-2018 Persian calendar year (ended March 20), according to a report released by the Central Bank of Iran (CBI) on June 16. Further revisions of ... more
Belarus' economic growth was higher than expected in the first half of this year topping 4.5%, which is almost twice the 2.8% forecast at the start of the year. The government is using the windfall ... more
Russia’s recovery continues but remains fragile. Growth in the first quarter remains around the 2% mark and no surprises are expected for the rest of the year. The GDP growth forecast for this ... more
The Ukraine economy has picked up a little momentum and growth as well as incomes are starting to rise more strongly. At the same time industrial production is picking up while non-performing loans ... more
Georgia, the small South Caucasus country of 3.9mn, expanded by 4% y/y in June. The expansion was driven by a rise in activity in transport, hotels and restaurants, financial intermediation and trade ... more
Iran’s real GDP growth came in at 4.3% in 2017, according to the World Economic Outlook issued by the International Monetary Fund (IMF) on April 17. Nonetheless, this figure is a shortfall from the ... more
Ukraine’s economy pick up a little in first quarter of this year, growing by 3.1% y/y, but while the situation is improved, partly thanks to strong metal exports, the economic growth is not ... more
The Belarusian economy was recovering nicely in the first quarter of this year, thanks to the revival in neighbouring Russia and more benign external conditions in general. Impressively Belarus' ... more
Russia’s recovery remains delicate. The GDP growth forecast for this year was recently revised down to 1.9%, while the outlook for industry has dipped back into the red after the manufacturing PMI ... more