Economy

Iranian oil minister predicts $41 billion in oil export earnings

Iranian oil minister predicts $41 billion in oil export earnings

Iran will earn $41 billion from oil and gas condensate exports by the end of the present fiscal year in March, the Iranian Oil Minister Bijan Namdar Zanganeh said. "The sale of oil and condensates will reach $41 …

Russia to increase export duty on oil by $10

Russia to increase export duty on oil by $10

According to the Russian Finance Ministry estimates, export duty on oil in Russia will increase by $10.4 dollars and will reach $89.5 per tonne from February 1, 2017. Currently, the export duty on crude oil totals $79.1 per tonne. …

Azerbaijan and WB to sign loan deal on TANAP

Azerbaijan and WB to sign loan deal on TANAP

Today Baku will host a ceremony for signing of a loan agreement between Azerbaijan and the World Bank on the Trans Anatolian Natural Gas Pipeline (TANAP) project, the WB Baku office said. The signing ceremony will be held as part of the …

Azerbaijani-Iranian pharmaceutical plant#039s construction launched in Baku

Azerbaijani-Iranian pharmaceutical plant's construction launched in Baku

A groundbreaking ceremony of the Azerbaijani-Iranian joint pharmaceutical plant, Caspian Pharmed, was held in the Pirallahi Industrial Park in Baku. Azerbaijani Minister of Economy Shahin Mustafayev and …

8th Gaidar Forum

8th Gaidar Forum

Several days ago RANEPA hosted the 8th Gaidar Forum, a unique platform for socio-economic discussions of experts and representatives of the Russian government. This year's forum brought together an unprecedented number of both foreign …

E-signature used in Azerbaijan to be recognized in EU

E-signature used in Azerbaijan to be recognized in EU

Electronic signature used in Azerbaijan will be recognized in the EU countries, Christian Rupp, spokesman of the Digital Austria platform in the Austrian Federal Chancellery, told reporters in Baku, Trend reports. A …

Georgia welcomes airport in western Racha region

Georgia welcomes airport in western Racha region

A brand new modern airport has opened in the remote Racha region in the west of Georgia. The Airport in Ambrolauri, a town in Racha, received its first plane earlier this afternoon. The first passenger was …

Rosatom returned in 2016 to active work on construction Akkuyu NPP in Turkey

Rosatom returned in 2016 to active work on construction Akkuyu NPP in Turkey

Russian nuclear state corporation Rosatom returned in 2016 to active work the project of construction the Akkuyu nuclear power plant in Turkey, Rosatom’s CEO Alexey Likhachev said on Saturday. …

Russians buy property in Dubai

Russians buy property in Dubai

According to the report of the Office of Land and Property of the Persian Gulf emirate, Russians were ranked 7th in terms of money spent on the purchase of the property in Dubai (United Arab Emirates) among the …

India#039s 2016 Iran oil imports hit record high - trade

India's 2016 Iran oil imports hit record high - trade

In most of 2016 there was a fight among Gulf producers to increase their market share

Kazakhstan wants to boost oil export via Baku-Novorossiysk pipeline

Kazakhstan wants to boost oil export via Baku-Novorossiysk pipeline

Kazakhstan intends to increase the export of oil through the Russian section of the Baku-Novorossiysk pipeline, a source close to the oil and gas market of Azerbaijan announced yesterday. "Kazakhstan …

Azerbaijan#039s economic priorities for 2017

Azerbaijan's economic priorities for 2017

Azerbaijan’s success today is an outcome of comprehensive, specific and targeted efforts of the past few years

Russian Finance Ministry proposes to create unified economic policy document

Russian Finance Ministry proposes to create unified economic policy document

Russia can create a unified document on economic policy, this initiative was proposed by Russian Finance Minister Anton Siluanov at the Gaidar forum. Siluanov made this proposal responding to the question of head of …

Switzerland hopes for improvement of Russian-EU relations

Switzerland hopes for improvement of Russian-EU relations

Eric Willumsen: "We have more neutral position on Russia compared to the EU"

Georgia and Gazprom drawn line under era

Georgia and Gazprom drawn line under era

Tbilisi has not yet been freed from the 'phobia of gas' due to a possible lack of energy

Is Russia planning to lift sanctions from the West?

Is Russia planning to lift sanctions from the West?

Russia may lift the sanctions against the West, the First Russian Deputy Prime Minister, Igor Shuvalov, said in the framework of the Gaidar Forum. "Perhaps it is time to understand that the sanctions or counter …

Financial officials discuss model of Russia#039s economy growth (VIDEO)

Financial officials discuss model of Russia's economy growth (VIDEO)

Видео

A panel discussion on 'the model of sustainable economic growth for Russia' is being held in the framework of the 8th Gaidar Forum in Moscow. It was opened by an address of the chairman of the Board of the Center for Strategic Research, …

Iran gets its first Airbus A321

Iran gets its first Airbus A321

Iran has taken delivery of its first Western-built passenger plane Airbus A321 in decades, following the lifting of sanctions last year. The Airbus A321 landed in Tehran to an official ceremony that included the Iranian Transport …

Soros lost nearly $1 billion after Trump election

Soros lost nearly $1 billion after Trump election

George Soros lost nearly $1 billion as a result of the stock-market rally spurred by Donald Trump’s surprise presidential election, Bloomberg reports citing the Wall Street Journal. Soros …

Russia honors commitment to reduction of oil output under OPEC deal

Russia honors commitment to reduction of oil output under OPEC deal

Russia is respecting its commitments on reduction of oil output in line with OPEC agreements cutting production in the first 10 days of January by the amount exceeding previously set by Russian largest oil producers, Energy Minister …