Prompt and decisive government intervention, financial lifelines and firms’ involvement in global value chains have helped minimise insolvencies, says EIB/EBRD report.
In front of Putin in Moscow, Belarusian dictator addresses counterparts from Kazakhstan, Kyrgyzstan, Tajikistan and Armenia.
This year it is spending more than 10% more than it did before its 2020 defeat of Armenia, and is planning to spend even more in coming years.
The EBRD has cut its 2022 emerging Europe growth forecasts again, reflecting a sharp downgrade for Ukraine and the regional fallout from the war and sanctions.
Yerevan and Baku agree to create a joint border commission by the end of April to delimit and demarcate the border but do not discuss status of the Armenian-controlled Nagorno-Karabakh region.
Ukraine's economy forecast to contract by 20% and projections worsen across emerging Europe — except for Eurasian oil and gas producers Azerbaijan and Turkmenistan.
Russia said that it was deeply concerned about the rise in tensions in Nagorno-Karabakh and called for calm.
The Ukraine conflict could mean the Armenian economy might grow by only 1.5% in 2022, the IMF has said, a much slower pace than previously forecast.
The idea that the Eurasian Economic Union can help Moscow violate sanctions is exaggerated.