Export from Armenia exceeded $3 billion in 2021

Armenia Exporter of Records

Export from Armenia exceeded $3 billion in 2021 growing by 19.1% year-on-year, the National Statistical Committee reports. In the reporting period, the volume of foreign trade turnover in the country amounted to $8.38 billion, up by 17.7% against 2020. Imports for the reporting period totaled $5.35 billion, registering a y/y increase of 16.9%. In December … Read more

How January Events in Kazakhstan May Impact Its GDP

eor service Kazakhstan

The direct losses of Kazakhstan’s GDP in 2022 after the January events, when the economic activity weakened, may reach 0.15-0.2 percentage points, according to the forecast by Evgeniy Vinokurov, expert of the Eurasian Development Bank (EABR). Despite the slowdown in economic activity in Kazakhstan this month, the EABR believes this effect will soon be mitigated. … Read more

Georgian Hazelnut Exports up 28%

Georgian EOR IOR Services

According to the Ministry of Agriculture of Georgia, from August 1, 2021, to January 23, 2022, 18.4 thousand tons of hazelnuts were exported from Georgia, the value of which amounted to $84.5 million. According to the Ministry, compared to the same period of the previous year, the volume of exported hazelnuts increased by 4.0 thousand … Read more

Belarusian commodity exchange ready to ensure uninterrupted farm supplies to China

IOR services Belarus

The Belarusian Universal Commodity Exchange is ready to ensure uninterrupted supplies of Belarusian agricultural products to China, First Deputy Chairman of the Board of BUCE Andrei Novikov said during a meeting with representatives of the China CAMC Engineering Co., Ltd. (CAMCE) which expressed interest in purchasing meat and other farm products via BUCE, BelTA learned … Read more

ADY Container delivers first container block train on Assaka-Baku route

Azerbaijan IOR Services

The first block train consisting of 50 containers departing from the Assaka Logistics Center of Uzbekistan has currently reached the port of Alat, ADY Container told AZERTAC. The 40-foot containers loaded with car parts were delivered through the Khojidavlat border station to the Turkmenbashi port of Turkmenistan and from there, via the Caspian Sea, to … Read more

France could support railway projects in Armenia

IOR services CIS countries

French Development Agency and the French government may provide support for railway projects to be implemented in Armenia. Francois-Henri Cloarec, head of the Economic Department at the Embassy of France in Armenia and Georgia, made the remarks at a meeting with Armenia’s Deputy Minister of Territorial Administration and Infrastructure Armen Simonyan on Wednesday, January 27. … Read more