Economy

Baku to host 1st Azerbaijani-Arab business forum

Baku to host 1st Azerbaijani-Arab business forum

Baku will host the first Azerbaijani-Arab business forum in October, said Elshan Rahimov, chairman of the “Cooperation of Azerbaijan and Arab countries” Public Association, AzerNews reported. Rahimov made …

What is happening on Russia#039s oil and oil products market?

What is happening on Russia's oil and oil products market?

There'll be no fuel shortage, Federal Antimonopoly Service says

A new reality in EU and Kazakhstan co-operation

A new reality in EU and Kazakhstan co-operation

Brussels and Astana strengthen ties

Azerbaijan’s SOCAR boosts oil, gas output in Caspian Sea

Azerbaijan’s SOCAR boosts oil, gas output in Caspian Sea

Azerbaijan’s state-run oil company SOCAR will produce another 43,800 tons of oil and around 3.65 million cubic meters (129 million cubic feet) of gas per year after it commissioned a new well on the Guneshli offshore field. As …

Kvirikashvili to discuss expansion of cooperation with Iran

Kvirikashvili to discuss expansion of cooperation with Iran

Prime Minister of Georgia Giorgi Kvirikashvili has arrived in Iran. During the visit, Georgian delegation plans to discuss possibilities of expanding bilateral and regional cooperation between the countries. …

Georgia and Turkmenistan discuss cooperation prospects

Georgia and Turkmenistan discuss cooperation prospects

Foreign Ministries of Georgia and Turkmenistan held another round of political consultations in Tbilisi. Negotiations were held at the level of deputy foreign ministers. During the consultations, parties analyzed current state and …

Turkmenistan discusses prospects for cooperation with EU

Turkmenistan discusses prospects for cooperation with EU

Ashgabat hosted a seminar on Turkmenistan-EU relations, organized by the EU Special Representative for Central Asia, Ambassador Peter Burian, the European Union Bureau in Turkmenistan and Turkmen Ministry of Foreign Affairs. The central …

Document of redesigning Arak power plant to be inked on Sunday

Document of redesigning Arak power plant to be inked on Sunday

Iran and China will sign the deal on redesigning Arak nuclear power plant on Sunday, Chinese Foreign Ministry Spokesman Lu Kang said. Talking to reporters, he noted that the document is considered the first deal …

Italy court revokes order that halted work on TAP pipeline

Italy court revokes order that halted work on TAP pipeline

An Italian court has revoked an order that had halted work to remove olive trees from the pathway of the Trans Adriatic Pipeline (TAP), a lawyer involved in the case said. Opposition from the local town council and the regional …

UAE-Azerbaijan Intergovernmental Economic Cooperation Commission held 6th meeting

UAE-Azerbaijan Intergovernmental Economic Cooperation Commission held 6th meeting

Azerbaijani Economy Minister Shahin Mustafayev has met with the management of DP World Group during the visit to the United Arab Emirates. The Ministry of Economy of Azerbaijan informs that DP World Group renders advisory …

Russian Central Bank close to its goal

Russian Central Bank close to its goal

Inflation in Russia has dropped to 4.1% in annual terms, Chairman of the Central Bank Elvira Nabiullina said. "In March, inflation has dropped to 4.3%. As of April 17, inflation has already dropped to 4.1% in …

Ukraine#039s grain to go to Iran through Azerbaijan

Ukraine's grain to go to Iran through Azerbaijan

Potentially substantial volumes of cargo transit through Azerbaijan can appear already this summer on the Western branch of the North-South route – Iran and Ukraine have reached an arrangement on grain deliveries through Georgia and …

Iraq may seek exemption from OPEC deal

Iraq may seek exemption from OPEC deal

Iraq may seek to be exempt from a deal between oil exporters to reduce global supply in order to support crude prices and ask to boost its own output, the leader of the nation's Shi'ite ruling coalition Ammar al-Hakim …

Russian Central Bank ready to reduce key rate this year

Russian Central Bank ready to reduce key rate this year

The Russian Central Bank may cut the key rate by 25 or 50 basis points in the second quarter of this year, the bank's governor Elvira Nabiullina said. "On the whole the current economic situation inspires hope. …

Will Crimea become offshore zone?

Will Crimea become offshore zone?

Crimea’s government is considering setting up an offshore zone on the peninsula, the head of Crimea Sergey Akksenov said. "The idea is only being discussed,” including by the Russian Ministry of …

Russian trade turnover with Georgia increases more than thrice

Russian trade turnover with Georgia increases more than thrice

Trade turnover between Russia and Georgia in the first quarter of this year increased by 37.3% in comparison with the same period last year, exceeding $255 million, according to the National Statistics Office of Georgia …

Turkey Seeks to Restructure Taxes Again to Boost Economy, Budget

Turkey Seeks to Restructure Taxes Again to Boost Economy, Budget

The government plans to restructure nearly $20 billion in unpaid taxes

Iran’s Hardliners Likely To Win Upcoming Election

Iran’s Hardliners Likely To Win Upcoming Election

Rouhani's inability to stimulate the economy appears to have sowed doubt as to his ability to run the country

Oil Prices Edge Higher From OPEC Boost

Oil Prices Edge Higher From OPEC Boost

But increasing shale production in the U.S. and still-high global stocks threatened to pull prices lower

China seen moving swiftly to rein in oil blending frenzy

China seen moving swiftly to rein in oil blending frenzy

When the consumption tax takes effect, China's exports of gasoline are expected to drop