Despite people going hungry amid economic crisis ruling autocrats continue to pile money into vanity projects, while failing to pay contractors. Eight-lane ‘Turkmen Autobahn’ latest investment to raise eyebrows.
Although preliminary data indicates increased economic growth in Georgia, demand side pressure on inflation remains weak, the central bank said recently.
Opportunity knocked at start of 2019 after US Fed indicated it was retreating from tightening. That switched bond investors to risk-on and yield-hungry, attracting many to Emerging Europe markets.
Azerbaijan’s retail trade turnover grew by 2.6% y/y in comparable prices in the first two months of 2019, reaching AZN5.5bn (€2.9bn), the State Statistical Committee of the Republic of Azerbaijan reported.
Disastrous demographics and tightening labour markets will keep up the pressure on governments across the region to encourage women to enter and remain in the workforce.