Economy

Turkey ready to step up trade with Tatarstan

The increase in trade turnover between Russia and Turkey is hampered by a number of bureaucratic issues, so most of it can go to Tatarstan, Minister of Economy of Turkey Nihat Zeybekci said at a meeting with Tatarstan President …

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European verdict for Armenian NPP

An energy crisis may break out in Armenia in the near future: the European Union demanded to close the Metsamor Nuclear Power Plant in Armenia in exchange for cooperation.

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Erdogan calls on D-8 to trade in local currencies

Countries from the so-called D-8 group of developing nations should trade with each other in their local currencies, Turkish President Recep Tayyip Erdogan said, . "If we are to use local currencies for trade …

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Rosatom obtains first license on Akkuyu construction

Rosatom has obtained the first license on construction of Akkuyu Nuclear Power Plant in Turkey, Russia’s nuclear corporation said. "The limited construction permit allows to launch construction and assembly operations at all …

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Azerbaijan ready to support OPEC deal extension

Azerbaijan will support the extension of the OPEC+ agreement, if the decision is made, Azerbaijan's Energy Minister Parviz Shahbazov said today. According to him, Baku always takes the fulfillment of undertaken …

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 SOCAR commissions new well in Caspian Sea

Azerbaijan’s state oil company SOCAR will produce additional 3650 tons of oil per year as a result of commissioning of a new well at Oil Rocks offshore field, the message on SOCAR’s website says. Eleven tons of oil is …

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Russia and Armenia to ease cargo and passenger transit

Armenia's government approved the intergovernmental agreement with Russia on international road transport at today's meeting, which will allow developing and facilitating passenger and cargo communication between the two countries and …

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Will Ukraine confiscate Russian gas from Europe?

Kiev's Economic Court has changed the way of enforcing a court decision to recover a fine of $6.7 billion from Russia's Gazprom, extending penalties to all property of the debtor,  the Minister of Justice of Ukraine Pavel Petrenko said.

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Day of return of Turkish tomatoes to Russia revealed

Russia and Turkey have agreed to allow exports of 50,000 Turkish tomatoes to Russia from December 1, Russia's Energy Minister Alexander Novak, who co-chairs a Russian-Turkish government commission on economic cooperation, …

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