Armenia approves 2027 draft state budget
At its meeting today, the Armenian government approved the draft state budget for 2027, projecting a deficit of nearly half a billion drams and an inflation rate of 3-4%.
Inflation
Russia's inflation stabilizing - Reshetnikov
Inflation in Russia has stabilized, Russia's Economic Development Minister Maxim Reshetnikov said in an interview with the Vesti news program.
Key rate may fall to 10 percent - Aksakov
Russia's Central Bank could reduce its key rate to 10% by year's end, Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets, reported.
Türkiye's energy import spending increases to 8 billion dollars per month
Due to the conflict in the Middle East, Türkiye's energy import spending has increased by 60% in the past month, reaching $8 billion, according to media reports.
Central Bank of Russia cuts key rate
Russia's Central Bank published a press release following today's Board of Directors meeting. The decision was made to lower the key rate.
Novak announces Russian inflation rate for 2025
Inflation slowed to 0.42% in November, while in October, price growth amounted to 0.5%
Georgia announces November Inflation Rates
Food prices saw the largest increase
Iran's inflation rate reaches 38.9% in October
Iran recorded a rise in annual inflation this fall, with sharp increases in food and other essential goods.
Kazakhstan raises base rate to 18%
The Monetary Policy Committee of the National Bank of Kazakhstan has decided to raise the base rate to 18% per annum.
Turkish annual inflation cools further in August
Türkiye's annual inflation rate eased further in August, coming in just below 33%, official data showed on Wednesday.
Russian President calls inflation reduction major achievement
Annual inflation in Russia continues to slow, which is a major achievement, Russian President Vladimir Putin said during a meeting on economic issues.
Nabiullina: likelihood of key rate hike in future decreases
The Russian Central Bank does not rule out the possibility of raising the key rate if the pace and sustainability of the fall in …
Georgia records inflation growth in February
In February, Georgia recorded a rise in prices in annual terms, with the most noticeable inflationobserved in the hotel industry.
Turkish inflation dips to nearly 40%
The annual inflation rate in Türkiye slowed for a ninth consecutive month in February, falling below 40% for the first time since June 2023, with monthly prices also advancing less than anticipated, official data showed. Consumer …
Azerbaijani Central Bank keeps refinancing rate unchanged
The Central Bank of Azerbaijan made a decision to leave the refinancing rate unchanged at the level of 7.25%. According to …
Georgia tamed food inflation
Over the year, the prices grew by only 1.9%
Putin speaks on decline in inflation in Türkiye
The Russian President congratulated the Turkish leadership on the decline in inflation in the country. He recalled that the inflation rate is currently below 50%.
Georgia's inflation rate declines in September
The monthly inflation rate in Georgia amounted to 0.3% in September, while the annual figure stood at 0.6%, the National Statistics Office said. Prices for services in education increased by 4.4% month-on-month, contributing 0.22% …
Russia raises key rate to 19%
According to the decision of the Russian Central Bank's Board of Directors the key rate has been raised from 18% to 19%. In a press release, the Central Bank warns that the rate may be raised again at the next meeting.
Food prices rise in Armenia for first time in a year
Food prices have risen slightly in Armenia. Food prices are rising for the first time in more than a year, the EDB reports. However, overall inflation does not exceed the Central Bank's target.
