Russia’s economy continued to expand thanks to investment, which is mainly a function of continued infrastructure spending by exporters and the state, which, however, is not enough to offset ... more
Iran’s economy has experienced an “impressive recovery” since international sanctions were lifted in January last year and delivered an annual economic growth of 12.5% in the last Persian year ... more
Belarus has been the last horse out of the gate in the economic recovery stakes but the recovery is underway now. Belarus' GDP growth of 1% in the first half 2017 is a good result, as many were ... more
Ukraine's real GDP grew 2.4% year-on-year across April-June, the Ukrstat state statistics agency in Kyiv reported on August 14. That is good news, but it also shows the economy has slowed from the ... more
Georgia, the small South Caucasus country of 3.9mn, grew by 4% y/y in the second-quarter of the year and 4.5% y/y in the first-half. The Georgian economy mildly decelerated from 2.9% in 2015 to 2.7% ... more
Iran’s economy has experienced an “impressive recovery” since international sanctions were lifted in January last year and delivered an annual economic growth of 12.5% in the last Persian year ... more
This report covers the key economic, financial and political releases for Bulgaria for the period April 29 – August 1. The new government of centre-right Citizens for European Development of ... more
The Polish economy accelerated growth to 4% y/y in the first quarter of 2017, on the back of a 4.1% y/y expansion in domestic demand. However, that included 4.7% y/y growth in private consumption. ... more
The commodity-dependent Kazakh economy experienced one of its toughest years in 2016 as a result of low oil and other commodity prices together with a slowdown in major trading partners China, Russia ... more
Turkey’s GDP growth recovered in the first quarter to 5%, springing back from a drop of 1.3% just two quarters ago, while calendar-adjusted industrial production index moved up by 3.5% y/y in May, ... more
Belarus is the laggard of the Commonwealth of Independent States (CIS). Its economy has begun to recover, but it is following behind all the others and growth is weak. The GDP of Belarus increased by ... more
Russia’s economy is coming out of its recession and picking up momentum. The firs quarter growth of 0.4% was meager, but the acceleration to 1.4% in May and 3.4% in June was more encouraging. At ... more
Ukraine’s GDP was up by 2.5% y/y in the first half of this year, which is also in line with the result in the first quarter, according to Economy Ministry estimates. The result was encouraging and ... more
Armenia, a country of 3.2mn, grew by a stagnant 0.2% y/y in 2016 and a more modest 6.4% y/y in the first five months of the year. The higher-than-anticipated growth at the beginning of the year has ... more
Lack of fiscal predictability and the weak absorption of EU funds are the major threats in terms of macroeconomic stability. The situation has deteriorated in this regard during June, when the ... more
The Polish economy accelerated growth to 4% y/y in the first quarter of 2017, on the back of a 4.1% y/y expansion in domestic demand. However, that included 4.7% y/y growth in private consumption. ... more
Iran’s economy has experienced an “impressive recovery” since international sanctions were lifted in January last year and delivered an annual economic growth of 12.5% in the last Persian year ... more
Turkey’s GDP growth recovered in the first quarter to 5%, springing back from a drop of 1.3% just two quarters ago, while calendar-adjusted industrial production index moved up by 6.7% y/y in ... more
Georgia, the small South Caucasus country of 3.9mn, grew by 5% y/y in the first quarter of the year and 4.2% y/y in January-April. The Georgian economy mildly decelerated from 2.9% in 2015 to 2.7% in ... more
The commodity-dependent Kazakh economy experienced one of its toughest years in 2016 as a result of low oil and other commodity prices together with a slowdown in major trading partners China, Russia ... more