Reports

Turkey Country Report Aug22 - August, 2022

August 5, 2022

Economically, August will be a ‘hot’ month as per usual. The USD/TRY pair may crash again. On July 27, the Fed’s open market committee delivered another 75bp rate hike in line with ... more

Ukraine Country Report Aug22 - August, 2022

August 5, 2022

Ukraine’s economy experienced a huge negative shock from the invasion. Because the economy has already contracted so much and the government has to cover enormous military spending, the fiscal ... more

Russia Country Report Aug22 - August, 2022

August 5, 2022

Russia Inc is doing better than expected despite sanctions. International Monetary Fund Chief Economist Pierre-Olivier Gourinchas told AFP in an interview that higher energy prices are keeping Russia ... more

Georgia Country Report Aug22 - August, 2022

August 5, 2022

The Georgian economy grew by 7.2% in Q2 and 10.5% in the first half of 2022 y/y, according to the latest National Statistics Office of Georgia data. Deputy Minister of Finance Mikheil Dundua said ... more

Iran Country Report Aug22 - August, 2022

August 5, 2022

Iran’s economic growth recorded 5.7% in the third quarter of the current Iranian calendar year (September 23 – December 21, 2021), according to a report by the Central Bank of Iran (CBI) on March ... more

Ukraine Country Report Jul22 - July , 2022

July 11, 2022

The war drags on and Ukraine is losing ground to Russia in the face of incessant shelling. Russia has already taken all of Luhansk and is now in the process of trying to take the half of Donetsk it ... more

Turkey Country Report Jul22 - July , 2022

July 11, 2022

Turkey on June 9 came up with what critics might see as a more desperate and limited version of the process staged last December 20 when President Recep Tayyip Erdogan announced an instrument for ... more

Russia Country Report Jul22 - July , 2022

July 4, 2022

The effects of sanctions against Russia have been less acute than expected so far, Central Bank chief Elvira Nabiullina said on June 17 at St Petersburg International Economic Forum (SPIEF) and she ... more

Iran Country Report Jul22 - July , 2022

July 4, 2022

Iran’s economic growth recorded 5.7% in the third quarter of the current Iranian calendar year (September 23 – December 21, 2021), according to a report by the Central Bank of Iran (CBI) on March ... more

Georgia Country Report Jul22 - July , 2022

July 4, 2022

Georgia’s economy expanded by 2.6% y/y in April, according to the national statistics office Geostat. GDP growth was observed in transportation and storage, hotels and restaurants, electricity, ... more

Turkey Country Report Jun22 - June, 2022

June 7, 2022

In Turkey, there is a hue and cry, but not much sense is spoken. People are angry and on edge due to the sum of the situation of the country. Everyone agrees with the consensus that Turkey is exposed ... more

Ukraine Country Report Jun22 - June, 2022

June 7, 2022

Russia’s war destroys, damages over 200 factories, large enterprises in Ukraine. Ukraine will also need to restore 12 airports, over 1,000 educational institutions, and almost 300 bridges and ... more

Russia Country Report Jun22 - June, 2022

June 7, 2022

The 3.5% expansion in Russia’s GDP in Q1 is consistent with a small contraction in q/q terms, and this will almost certainly be followed by a steep fall in output in Q2 as the effects of Western ... more

Georgia Country Report Jun22 - June, 2022

June 7, 2022

Georgia’s economy expanded by 2.6% y/y in April, according to the national statistics office Geostat. GDP growth was observed in transportation and storage, hotels and restaurants, electricity, ... more

Iran Country Report Jun22 - June, 2022

June 7, 2022

Iran’s economic growth recorded 5.7% in the third quarter of the current Iranian calendar year (September 23 – December 21, 2021), according to a report by the Central Bank of Iran (CBI) on March ... more

Georgia Country Report May22 - May, 2022

May 9, 2022

Georgia's real GDP grew by 10.4% in 2021, according to preliminary data issued by the statistics office Geostat on March 21. Last year, GDP at current prices amounted to GEL60.2bn ($18.7bn), which is ... more

Iran Country Report May22 - May, 2022

May 9, 2022

Iran’s economic growth recorded 5.7% in the third quarter of the current Iranian calendar year (September 23 – December 21, 2021), according to a report by the Central Bank of Iran (CBI) on March ... more

Turkey Country Report May22 - May, 2022

May 6, 2022

Ukraine War: Ukraine was still resisting Russia's invasion as of May 2, with parts of the country turned into a slaughterhouse. See the live map here. Since the Russian invasion of Ukraine ... more

Ukraine Country Report May22 - May, 2022

May 6, 2022

Ukraine’s real GDP will shrink by at least a third this year due to the war, according to the National Bank of Ukraine, but in 2022 the domestic economy will gradually recover as most of the ... more

Russia Country Report May22 - May, 2022

May 6, 2022

The war with Ukraine has dragged on for over two months by the start of May and instead of the $1bn that a three day war, initially expected, it is now costing an estimated $500mn per day. This is ... more

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