Economy

Putin on stability in Russia

Russian President Vladimir Putin said that macroeconomic stability is provided in Russia. "Macroeconomic stability is provided in Russia. Industrial production growth was 3% last year. Unemployment (4.6%) and …

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Putin comments on gas talks with Ukraine

Russian and Ukrainian companies will hopefully find a mutually acceptable solution for natural gas transit to European countries, Russian President Vladimir Putin said at the meeting with the German business executives. …

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Belarus unveils desired price for Russian gas

Minsk counts on purchasing Russian gas at the same price as Russia's Smolensk Oblast does plus transportation costs, Belarusian Prime Minister Sergei Rumas said. "We would like to purchase Russian gas at the …

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Zangeneh: consensus reached on OPEC+ deal

Following a six-hour meeting held by OPEC members, Iranian Oil Minister Bijan Zangeneh revealed that the organization has reached an agreement on the output cut deal. "Yes, we have consensus," Sputnik …

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Saudi Aramco pulls off world's biggest IPO 

Saudi Arabia has just pulled off the biggest initial public offering in history, raising $25.6 billion by selling shares in its giant state-owned oil monopoly Saudi Aramco. Aramco priced its IPO at 32 riyals ($8.53) per share, the top …

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OPEC, allies agree to deepen oil output cuts

Oil producers led by Saudi Arabia and Russia agreed on Thursday to cut output by an extra 500,000 barrels a day in the first quarter of 2020 but stopped short of pledging action beyond March, Reuters reports. The countries involved pump …

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Russia increases Georgian wine import

Georgia exported about 86 million bottles of wine in January-November of 2019, which is a 10% increase compared to the same period of 2018, according to the Georgian National Wine Agency. The top 3 countries that imported the most …

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Bulgarian PM explains delay in Turkish Stream construction

Bulgaria is building the Balkan Stream - a branch of the Turkish Stream gas pipeline through Bulgaria to Serbia - as fast as possible, the delay in the implementation of the project was due to competitive procedures, the gas pipeline should be …

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UN reveals U.S. debt load

Spokesperson for the UN Secretary Stephane Dujarric said that the United States still has to pay $491 million of its assessment. "The U.S. has about $491 million left to pay," he said. In …

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