Economy

What will Georgia face under PM Bakhtadze?

Candidate for Georgia's Prime Minister Mamuka Bakhtadze has presented the governmental program ‘Freedom, fast development, prosperity.’ In his speech Bakhtadze talked about how his new government sees …

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Brussels hits U.S. imports in response to Trump tariffs

The European Union will begin charging import duties of 25% on a range of U.S. products on June 21, in response to U.S tariffs imposed on EU steel and aluminum, the European Commission said. The Commission formally adopted a law putting …

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Barkindo reveals OPEC+ future

OPEC Secretary General Mohammad Barkindo said the group is looking at options to institutionalize OPEC and non-OPEC cooperation framework for continuity. Speaking at the 7th OPEC International Seminar in Vienna, …

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Russia proposes oil output hike to OPEC+

Russia plans to propose increasing oil production by the OPEC+ deal members by 1.5 million barrels per day (bpd), the Russian Energy Minister Alexander Novak said. "The market is growing, (oil) demand is growing …

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Will OPEC+ ease oil deal?

OPEC members are discussing a compromise agreement that would see an oil production increase of 300,000-600,000 barrels per day over the next few months, according to people briefed on the talks, Bloomberg reported. OPEC officials are …

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Dollar - 63, euro - 73

The ruble fell against the dollar and the euro on the Moscow exchange, the Russian Central Bank said. The dollar exchange rate increased by 0.798 rubles and was worth 63.4838 rubles, the euro rose 0.949 rubles and was worth 73.4825 …

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