Turkey's economy grew 3.0% year-on-year in the fourth quarter of 2024, bringing full-year growth to 3.2%, official data showed. The Turkish economy was forecast to have expanded 2.6% year-on-year in the fourth quarter and by 3% in …
On average, the construction timeframe is 10-12 years
The Central Bank of Azerbaijan forecasts the country's economy to grow by 3.3% in 2025, the bank's chairman Taleh Kazimov said. According to him, Azerbaijan's economy grew by 4.1% in 2024, growth in non-oil products …
The Central Bank of Azerbaijan made a decision to leave the refinancing rate unchanged at the level of 7.25%. According to …
Thus, experts predict the GDP growth, after which there will be a noticeable decline: in Georgia from 6% to 5%, in Armenia from 5% to 4.6%
The Asian Development Bank (ADB) has revised up the growth projection for the Caucasus and Central Asia to 4.9% from 4.7% for 2024 and to …
The 2nd International Conference of the Western Azerbaijan Community "The Right to Return: Advancing Justice for Azerbaijanis Expelled from Armenia" took place in Baku the day before. Vestnik Kavkaza correspondent Marina Lagutina spoke with Stanislav Pritchin, Head of the Central Asia Sector at IMEMO RAS, about the prospects for peace in the South Caucasus.
Russia's Central Bank analysts have again raised their forecasts for the average key rate in 2024, this time to 17.1% from the 16.8% they were predicting in July. The 2025 forecast rises to 16.1% from 15%, 2026 to 11.5% from 10.6%, …
By the end of 2024, Türkiye wants to reach a passenger flow of 230 million people. From January to July, the country has already been visited by almost 130 million people.
The Georgian economy has been projected to grow 5.2% in 2024 in the June edition of the World Bank’s Global Economic …
Georgia's GDP grew 11.8% year-on-year in April 2024, the Georgian National Statistics Service reported. The average growth rate for the first four months of 2024 was determined at 9%. Manufacturing, construction, …
The U.S. Congressional Budget Office has kept its forecast for the country’s national debt to rise to a record 166% of GDP by the end of 2054. The U.S. national debt will increase from 99% of GDP in 2024 to 166% of GDP in 2054. …
Global oil production in April 2024 decreased by 200,000 barrels per day (bpd) to 102 mln bpd, according to the International Energy Agency (IEA). It …
The European Bank for Reconstruction and Development (EBRD) has raised its forecast for Azerbaijan’s economic growth to 3.1% in 2024 (from the 2.4% it …
A catastrophic earthquake will occur near Istanbul in a few years, the scientist believes. According to his estimates, the magnitude of the phenomenon will exceed 7 points, which will lead to tens of thousands of victims.
The International Monetary Fund has revised upward its estimates of economic development of Russia and forecasts Russia’s GDP to grow by 2.6% in …
Experts from the authoritative US analytical center Stratfor predict significant progress in peace negotiations between Azerbaijan and Armenia in the coming year, as well as strengthening Russia's influence in the South Caucasus.
A major earthquake may hit Türkiye in the coming months, a local geophysicist warns
Global tourism could return to pre-pandemic levels next year. The UN said that in 2023, tourism revenue would be about 93% of 2019 levels.
The World Bank reported that oil prices could be pushed into “uncharted waters” if the conflict between Israel and Hamas widens, which could result in increased food prices worldwide. The World Bank’s …
