Economy of Armenia

The government is determined to achieve a more sustainable and balanced growth, Vice President Cevdet Yılmaz has said.

Commenting on the latest industry production data, Yılmaz reiterated the government's commitment to the fight against inflation "with determination" in the period ahead.

The annual increase in industrial production picked up sharply from 1.3 percent in January to 11.5 percent in February, data from the Turkish Statistical Institute (TÜİK) have shown.

In the same month of last year, the country's industrial output slumped 8.8 percent year-on-year.

The Turkish construction sector may grow about 4.5 to 5 percent this year, according to the Association of Construction Material Producers (İMSAD).

The construction sector's growth rate remained above the GDP expansion in the past four quarters, the association said in its monthly report.

Fitch Ratings have revised upwards its medium-term potential growth for Türkiye to 4.1 percent from a previous 3.9 percent.

The Turkish economy grew by 3.8 percent in the second quarter of 2023, after expanding 3.9 percent in the previous period.

The Gross Domestic Product (PIB) decreased in the first nine months of the current year, compared to the similar period of 2019, by 5.1 per cent, gross series, and by 4.6 per cent, series adjusted depending on the business days and seasonality, with a negative a contribution from the entertainment, cultural and recreational activities industries, according to the provisional data published by t

Non-financial companies' foreign exchange assets increased by $6.2 billion while their liabilities rose by $732 million in March compared to February, data from the Central Bank of Turkey showed on June 10.

Eurasian Economic Commission board member Veronika Nikishina said this on Thursday, Tanjug is reporting, citing TASS.

Ljajic is expected to finalize a deal on free trade between Serbia and the Eurasian Economic Union (EAEU), Vecernje Novosti daily writes.

Serbian Minister of Trade, Tourism and Telecommunications Rasim Ljajic announced this on Thursday, Tanjug is reporting.

Ljajic told TV PINK that he expected a free trade agreement with Russia, Belarus, Kazakhstan, Armenia and Kyrgyzstan to be concluded before Russian President Vladimir Putin's January 17 visit to Serbia.

This could open new opportunities for development of business links, Putin said, and added that discussions were underway.

Te broadcaster paid special attention to Putin's meeting in the Kremlin earlier this week with Serbian counterpart Aleksandar Vucic.