bne_newspaper_October_19_2018

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Content:
2 Top Stories
5 The Regions This Week 9 Chart
11 Central Europe 13 Southeast Europe 16 Eastern Europe 19 Eurasia
21 Opinion
24 Lists24 Lists
October 19, 2018 www.intellinews.com
Russia Inc is more profitable than in 2008
Ben Aris in Berlin
What a difference a year makes. Russia was facing the prospect of a double deficit last year when the balance of trade surplus very briefly went into the red, but this year thanks to rising oil prices it is on course to turn in a record current account surplus north of $100bn.
The Central Bank of Russia (CBR) reported that
Armenian PM steps down to seek stronger mandate from snap vote
bne IntelliNews
Armenian Prime Minister Nikol Pashinian announced on national television late on October 16 that he was resigning from his post to trigger the dissolving of parliament and early elections.
Pashinian, who rose to power in the spring after massive and persistent “people power” street demonstrations toppled the Republican
the current account surplus reached a whopping $75.8bn in 9M18, up from $19.7bn in 9M17,
and $49.4bn in the first half of 2018, implying a surplus of $26bn in the third quarter of the year. The trade surplus reached $136.3bn in 9M18, while capital outflows from the private sector
See page 2
Pashinian seen during the spring revolution in Armenia.
Party (HHK) government, said the early vote
was required "to return the entire power to the people". The former activist and opposition lawmaker has moved to secure the endorsement of a general election for his administration following his bloc's landslide victory in the
See page 3