Economy

Greece backs construction of TurkStream gas pipeline

Greece supports the construction of the TurkStream gas pipeline and any other Russian gas supply routes, Dimitrios Velanis, special adviser to the Prime Minister of Greece on relations with Russia and the countries of Eastern …

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 Russia bans oil exports to Ukraine

The Russian government has banned exports of Russian oil and petroleum products to Ukraine, Russian Prime Minister Dmitry Medvedev said. "[The Russian government] bans exports of Russian oil and petroleum products …

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Forbes names Russia's wealthiest businessmen

The Russian edition of Forbes published the list of Russia’s 200 wealthiest businessmen. The list is topped by retailer Leonid Mikhelson, co-owner of Sibur and Novatek, with $24 billion. Vladimir …

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Russian Central Bank gives inflation forecast

Inflation will remain near the 4% target in Russia during 2019, director of the Central Bank's department of monetary policy Alexey Zabotkin said. According to Zabotkin, inflation in Russia has slowed thanks to …

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ADB providing loans to rural households in Georgia

The Asian Development Bank (ADB) is providing a 60 million Georgian lari ($22.3 million) loan and a $500,000 technical assistance grant to Georgia's Credo Bank to launch new products including home improvement and mortgage loans to lower …

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International experts discuss European gas market

The Energy Experts Round Table attended by experts from Russia, Turkey, Bulgaria and Serbia was held in Sofia yesterday. The Turkish Stream natural gas project is one of these key projects that will ensure Turkey's energy security …

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EU issues $20 billion list of U.S. imports for tariffs

The European Commission published a list of $20 billion worth of U.S. imports it could hit with tariffs in a dispute over Boeing aircraft subsidies. The EU retaliation plan follows a U.S. threat to seek $11 billion in damages through …

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GAZ Group to be nationalized?

Russia’s largest commercial carmaker GAZ Group might go bankrupt and may be nationalized due to U.S. sanctions, Russian businessman Oleg Deripaska said in an interview at the company’s headquarters. …

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Azerbaijan to prepare TANAP for testing in summer

Azerbaijan expects to fully prepare the Trans-Anatolian Natural Gas Pipeline (TANAP) in June 2019 for the start of test gas supplies to Europe, Azerbaijan’s state oil company SOCAR said. The final phase of the work as part of the …

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