Iran and the US have one month to find their way to the nuclear deal negotiating table, France’s foreign minister warned on October 4. At last week’s UN General Assembly gathering of world ... more
Growth in the second quarter remains slow with the economy expanding by 0.9% year-on-year – well below potential. What is holding growth back is the very slow start to the government’s RUB27 ... more
Economically everything in Ukraine is going swimmingly, except perhaps inflation is a bit too high and wages are a bit too low. However, politically Ukraine had a very tough September that saw all ... more
Georgia’s economic growth remained robust at 5.8% y/y in August following the record 6.1% y/y advance in July, according to estimated data released by statistics office Geostat. The figure put the ... more
The new government of Ukrainian president Volodymyr Zelenskiy was sworn in on August 29 and went straight to work. A tsunami of draft bills on every possible subject from reforming the railroads ... more
Growth picked up slightly in the second quarter of this year to 0.9% from the very soggy 0.5% in the first quarter, which was at the top of the range of predictions, but is, in effect, still a ... more
Georgia’s economy accelerated to a growth rate of 6.1% y/y in July from 4.9% in Q1 and Q2, marking the sharpest advance this year, according to estimated data released by statistics office Geostat ... more
Iran said on September 2 that it is prepared to take a “stronger step” in reducing its commitments under the 2015 nuclear deal if European countries do not act to shield its economy from heavy US ... more
Signatories of the Joint Comprehensive Plan of Action (JCPOA) “must comply with the terms of the agreement to the same extent as Tehran does”, Iranian President Hassan Rouhani said on July 3, ... more
Georgia, the small South Caucasus country of 3.9mn, expanded by 4.9% y/y in the second quarter of the year, matching the expansion seen in the first quarter, preliminary estimates from the ... more
With Ukraine’s GDP expected to hit $150bn this year, the nation is on track to record 60% cumulative GDP growth since 2016, when it was $93.4bn. Over the last four years, the hryvnia dollar ... more
Ukraine GDP rose 2.5% in 1Q19, updated stats show. The economy continues to underperform. Following the 15% contraction in 2016 the economy should be bouncing back more vigorously than it is but the ... more
The June 23 Istanbul revote has delivered an earthquake in Turkish politics—Ekrem Imamoglu, candidate for the main opposition party, has recorded a stunning victory over the candidate backed by ... more
Signatories of the Joint Comprehensive Plan of Action (JCPOA) “must comply with the terms of the agreement to the same extent as Tehran does”, Iranian President Hassan Rouhani said on July 3, ... more
Russia’s economy is off to a very weak start in the first quarter. Russian GDP growth slowed to 0.2% in May from a revised rate of 1.7% in the previous month, the Russian Economy Ministry said on ... more
Georgia, the small South Caucasus country of 3.9mn, expanded by 5.1% y/y in April compared to the 4.7% average seen in Q1 2019, preliminary estimates from the country’s statistical office show. ... more
Istanbul revote will be held on June 23. Whatever result the Istanbul revote delivers, there have to be expectations that a snap general election can be expected not too far ahead. Imamoglu, ... more
Iran is facing a perfect storm involving a severe currency devaluation amid tightening sanctions levied by the US and stagnating wages. Many Iranians have cut down to essential purchases only, but ... more
Georgia, the small South Caucasus country of 3.9mn, expanded by 4.7% y/y in Q1 2019 after strengthening to 6.0% y/y in March alone, preliminary estimates from the country’s statistical office show. ... more
Things are moving fast in Ukraine but actually any changes are on hold until after the elections for a new parliament are complete in July. Despite being a neophyte Ukrainian president Volodymyr ... more