Armenia
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Armenia drafts big, “revolutionary” budget
The new budget would substantially increase tax revenues and expenditures, but the government’s macroeconomic projections have been received skeptically.
IMF Blog: Frontier market borrowing binge
Rock bottom global interest rates have been a boon for so-called frontier-market countries, which have been able to borrow cheaply to finance their development needs. But there can be too much of a good thing
EBRD: Pace of emerging Europe economic growth slows as global outlook weakens
The pace of growth in the EBRD’s emerging economies is slowing on the back of a weaker global economic outlook, and pressure from slower growth in the Eurozone and China, US/Chinese trade tensions and a contraction in world automobile production, acc
Russia accounts for 97% of the trade in the EEU
Russia dominates the trade within the Eurasia Economic Union (EEU). In 2018 trade with Russia accounted for 96.9% of all trade within the Eurasian Union; trade among the four smaller countries accounted for the remaining 3.1%.
Pashinian allies lament slow pace of change in the new Armenia
The new government has an overwhelming mandate for change. But the prime minister’s fear of unpopularity has hamstrung his ambitious agenda.