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Hayk Marutyan, who was inaugurated today as a mayor of Yerevan, has already managed to reject one of his statements made after the ceremony in an interview with journalists. It happened after Yerevan residents were outraged by his words about the …
Georgia’s Finance Minister Mamuka Bakhtadze met with the President of Asian Development Bank (ADB) Takehiko Nakao at the 51st Annual Meeting of ADB in Manila, the Philippines. "We had a very …
Germany plans to allocate more than 250 million euros for energy, infrastructure and communal reforms in Georgia, the country's Finance Ministry said. The framework agreement on financial cooperation between the governments of …
President of Azerbaijan Ilham Aliyev signed a decree on Feb. 22 to increase the personal presidential scholarship and amend the decree "On establishment of a personal presidential scholarship", dated June 11, 2002, Azvision.az …
Georgia’s economic activity performed better than expected, with the economic growth of 4.8% in 2017, according to the International Monetary Fund mission, which visited Georgia last week to discuss recent economic and financial …
Chechen leader Ramzan Kadyrov wrote in his Telegram today that he bought bitcoins. "I have already said that the blockchain technology would be introduced in the Chechen Republic. I'm also interested in innovative payment …
Azerbaijani President Ilham Aliyev has signed an order to increase the minimum wage. The decree stipulates that the minimum wage is set at 130 manat ($76.47) from January 1, 2018. The Cabinet of …
The Basel Committee on Banking Supervision (BCBS) recognized the achievements of the National Bank of Georgia in stress testing practices in its document 'Supervisory and bank stress testing: range of practices'. The report …
The International Monetary Fund recommended the Georgian government to reduce capital spending, including in wages of officials. According to the First Review of the Extended Arrangement under the Extended Fund Facility for …
Azerbaijani President Ilham Aliyev signed a decree on the establishment of the Azerbaijan Industrial Corporation OJSC Nov. 6, Trend reports. President Aliyev also decreed to appoint Natig Amirov as …
Azerbaijan's Central Bank will switch to an inflation targeting regime in medium term, the first Deputy Chairman of CBA Management Board Alim Guliyev said, noting that the process will take 3-5 years. He noted that …
Today, Deputy Prime Minister of Georgia, Finance Minister Dmitry Kumsishvili is holding a meeting with the IMF Director of the Middle East and Central Asia Department, Jihad Azour. The leaders discuss ‘’the fund's …
First Deputy Prime Minister, Finance Minister of Georgia Dmitry Kumsishvili assured the residents of the country that the depreciation of the national currency was a temporary phenomenon. According to him, stabilization is observed now. …
The IMF Director of the Middle East and Central Asia department, which includes Azerbaijan, Jihad Azour will pay a one-day visit to Baku on September 13. Azour’s first visit to Azerbaijan will be of a awareness-raising nature, the …
The Deputy Minister of Finance of Georgia, Tsotne Kavlashvili, assured that there is no reason to worry about the fluctuation of the national currency rate. "The economic factors affecting the formation of the lari exchange rate …
President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti will visit Azerbaijan on Sept. 7-8, the EBRD head office told Trend Sept. 5, Trend reports. “This visit underlines EBRD’s commitment …
The Georgian National Bank leaved the refinancing rate unchanged at 7%. "In June, the annual inflation rate has increased, reaching 7.1 percent," the statement said, adding that the increase is temporary and that it will …
The capital outflow from Armenia amounted to $356,683,000 in Jan-May 2017, which is more than that of the same period a year before by $42.6 million, the Zhoghovurd newspaper writes. It has become known from official sources that the …
Azerbaijani President Ilham Aliyev has received the President and Chairman of the Management Board of VTB Bank Andrey Kostin. At the meeting they emphasized the excellent organization of the …
Georgia's government and the National Bank are planning steps to ease the pressure on the lari currency, including taking some of the burden off individuals repaying dollar mortgages and banning online credit services. Georgian …
