Turkey cuts 2027 GDP growth forecast
Turkey trimmed its 2027 gross domestic product growth forecast to 4.2% from its previous projection of 4.3%, Bloomberg reported.
forecasts
Kostin expects further key rate cuts
Andrey Kostin expects the Central Bank to continue its gradual rate reduction instead of holding the current level
Istanbul assesses earthquake risk after Marmara Sea tremors
A series of minor tremors in the central Marmara Sea has prompted Turkish seismologists to reassess the earthquake risk for Istanbul, with the coming week seen as critical for forecasting.
Global oil demand to grow by 19 million bpd by 2050 - OPEC
OPEC predicts that global oil demand will rise by 19 million barrels per day over the next quarter-century, with India expected to lead the growth.
World Bank raises forecast for Azerbaijan's economic growth
A more positive outlook for Azerbaijan's economy has been published by the World Bank, which projects GDP growth of 2% in 2026.
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.
European Commission raises Russia's GDP growth forecast
The European Commission raised its forecast for Russia’s GDP growth in 2026 from 1.1% to 1.3%, according to the EC’s spring economic forecast.
Azerbaijan's GDP forecast for 2030
By the year 2030, Azerbaijan's GDP is projected to reach around 167 billion manat, with an anticipated rise in the contribution of the non-oil and gas sector.
Georgia's economy may grow by 5 in 2026 - World Bank
The World Bank forecasts Georgia's economy to grow by approximately 5% this year, with price growth expected at 5.5%.
IMF forecasts growth in Azerbaijans non-oil economy
The International Monetary Fund forecasts that Azerbaijan’s non-oil economy will grow by around 4% in 2026.
Russia's Central Bank of Russia: inflation to slow down in 2026
Annual inflation in Russia continues to slow down, and all persistent factors point to its further deceleration in 2026, according to a report prepared by the Bank of Russia’s Research and Forecasting Department.
Anton Siluanov: dollar exchange rate not to strengthen against ruble
Russian Finance Minister Anton Siluanov has expressed the view that the ruble's current exchange rate may persist into the future, describing it as balanced.
Russia's inflation to return to target in 2026 - Central Bank
The Central Bank of Russia expects inflation to return to low figures in 2026, consistent with its 4% target, which will enable it to cut the key rate "to acceptable levels," CBR Deputy Governor Alexei Zabotkin said.
Oil prices expected to fall globally
The market will face an oil supply surplus of approximately 2 mln barrels per day
IMF raises forecast for Iran's economic growth
The previous forecast was 0.3%
Kobakhidze expects Georgia's economic growth to exceed 7.2%
Georgia's economic growth this year has exceeded the rate of 7.3% forecast by the International Monetary Fund (IMF), Georgian Prime Minister Irakli Kobakhidze said.
Russian Central Bank's key rate may be reduced by 2% on September 12
The Central Bank will consider lowering the key rate at its September meeting, with a potential decrease of 1 or 2 percent, according to VTB.
Russian Central Bank’s key rate may reach16% by year-end - Sber
Sber expects the Central Bank’s key rate at 16% by the end of this year, the senior vice-president, head of finance block of the bank Taras Skvortsov said.
Turkey's GDP grows 3.2% in 2024
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 …
First power unit of Kazakhstani NPP may be built in 8 years
On average, the construction timeframe is 10-12 years
