Economies in Europe and Central Asia continued an active program of reforms to improve their business climate.

Economic Update

Economic growth will reach 2.2% in 2017, higher than previously forecast. Find out more.

Celebrating 25 Years of Partnership

During the 25 years of partnership, the World Bank’s investment in the country totaled over US$ 3.5 billion.


Europe & Central Asia in Figures

In the European Union, recovery is being sustained, with 2017 and 2018 likely the fourth and fifth consecutive years in which growth will average almost 2%. In Central Asia, activity is rebounding after the fall in oil prices at the end of 2014. In the South Caucasus, near-term growth prospects are much weaker than in the western part of the ECA region. After a 2.2% contraction in 2016, no growth is expected this year, and growth of just 1.6% is projected for 2018. Read more...



Cyril Muller

Vice President

Hans Timmer

Chief Economist

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