Economy

We currently forecast Tajikistan's fiscal position to come in at a slight surplus of 0.4% of GDP this year. Indicators show that the budget surplus for the months of January through... 2011-07-25

We continue to expect the fiscal account to experience a widening this year to 7.6% of GDP, from 6.1% of GDP in 2010. We forecast government expenditures to rise to KGS80.2bn as the... 2011-07-25

The Mongolian togrog stands to benefit from a highly promising investment outlook and moderating energy prices in the second half of the year. Nevertheless, Mongolia's high reliance... 2011-07-25

Although another presidency by Vladimir Putin may be viewed as less favourable for Russia's business environment, we believe that the need to diversify the Russian economy away from... 2011-07-20

Headline consumer price inflation in Russia continued to rise by 9.6% year-on-year in May, leaving the annual inflation rate almost unchanged for the fifth consecutive month this year.... 2011-06-29

Georgia's trade in goods deficit widened by 35.0% year-on-year (y-o-y) in the first four months of 2011, as imports rose on account of stronger domestic demand and elevated global food... 2011-06-29

Headline consumer price inflation slowed in April, measuring 8.9% year-on-year (y-o-y), as the index fell 0.3% on the previous month. This marks a slowdown from the 9.2% y-o-y headline... 2011-06-29

Mongolia's central bank will continue to tighten monetary policy as inflationary pressures are building and the economy continues to accelerate. Despite headline consumer price inflation... 2011-06-29

The continuation of Georgia's economic recovery in Q111 supports our view that the economy is finding its feet, despite our expectations for a more subdued growth rate this year, following... 2011-06-28

Soaring demand for capital and consumer goods, as well as elevated global energy prices, have seen Mongolia's trade deficit balloon in the first five months of the year, prompting us... 2011-06-28