Advances in Information and Communication Technology (ICT) have been instrumental in shaping and leading socioeconomic transformations across Asia and the Pacific. One key to this transformation is the technology bundled around the “Internet of Things” (IoT), which enables billions of devices and appliances to connect over the Internet for more …

Asian Development Bank (ADB) improved Georgian economic growth forecast. According to the new report, the bank expects Georgian economic growth of 3% this year; the previous forecast has been 2, 5%. However, GDP growth forecast is grown from 3, 5% to 4% by the next year. In the same report, ADB …

The Georgian bank sector’s assets have declined by 1 billion GEL month on month, after Bank of Georgia lost assets to 8.7 billion GEL from 9.5 billion GEL. According to the National Bank of Georgia (NBG), the bank sector’s assets made up 25.7 billion GEL as of September 1, 2016 …

The Asian Development Bank (ADB) expects Azerbaijani economy to grow in 2017 by 1 percent, according to an updated ADB report. The new forecast is the same as in the previous ADB report. The ADB also predicts a 2.5-percent reduction in Azerbaijan’s economy in 2016 as compared to the 1-percent decline …