Economy

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Johannes Hahn: Turkey#039s EU accession is not a priority for Brussels

Johannes Hahn: Turkey's EU accession is not a priority for Brussels

There are still a lot of contacts between the EU and Turkey, but Turkey's accession to is not Europe's priority, Commissioner for European Neighbourhood Policy and Enlargement Negotiations Johannes Hahn said today …

Turkmenistan to develop market economy

Turkmenistan to develop market economy

Turkmen President Gurbanguly Berdimuhamedov named the support and development of entrepreneurship and market relations in different sectors of the country’s economy as one of the main objectives, speaking at his …

Andrei Kostin: dollar to decline by six rubles

Andrei Kostin: dollar to decline by six rubles

Until the end of 2017, the ruble exchange rate may strengthen by 10%, the head of VTB Andrey Kostin said. "We believe that the ruble had to strengthen, but it was before  the government announced the …

Oreshkin predicts ruble to weaken soon and then stabilize

Oreshkin predicts ruble to weaken soon and then stabilize

The strengthening of the Russian currency is short-term, and it may slightly weaken in the nearest future and then stabilize, the Russian Economic Development Minister Maxim Oreshkin said after meeting the President …

Ilham Aliyev: energy sphere inseparable from national security

Ilham Aliyev: energy sphere inseparable from national security

Azerbaijani President Ilham Aliyev addressed today the first round table of the 53rd Munich Security Conference  - 'On the road to price stability: return of OPEC and oil geopolitics'. As the …

Putin: Russia on brink of victory over inflation

Putin: Russia on brink of victory over inflation

Inflation in Russia continues to decline, Russian President Vladimir Putin said at a meeting on economic issues. "This year, a steady decline of inflation continues, the figure broke the psychological mark of 5% in …

Summer Is Looking Bright for Oil Prices

Summer Is Looking Bright for Oil Prices

Seasonal demand dynamics are looking up for oil prices

Made in Azerbaijan Products Will Be Showcased at Gulfood 2017

"Made in Azerbaijan" Products Will Be Showcased at "Gulfood 2017"

Gulfood 2017 will focus solely on finished food and beverages

China to invest in Iranian refinery - media

China to invest in Iranian refinery - media

The contract worth 3.6 billion dollars for investment in Masjed Soleyman Petrochemical Industries Co. (MIS) was signed between Iran and China. The Memoranda of Understanding was inked between Iran and China at presence of Minister of …

Istanbul to host 5th Turkey-Azerbaijan-Georgia business forum

Istanbul to host 5th Turkey-Azerbaijan-Georgia business forum

The fifth Turkey-Azerbaijan-Georgia business forum organized by Azerbaijan Export and Investments Promotion Foundation (AZPROMO) will be held in Istanbul on February 17, the press service of Economy Ministry said. The trilateral …

Russia to invest in Azerbaijani agriculture projects

Russia to invest in Azerbaijani agriculture projects

Russia and Azerbaijan are discussing the implementation of new projects in agriculture, the executive director of the Azerbaijan-Russia Business Council, Farhad Sattarov, said. There are talks which mostly cover …

SOCAR and IBM agree on cooperation

SOCAR and IBM agree on cooperation

SOCAR and the US company IBM signed the Memorandum on Strategic Cooperation today.  The memorandum was signed by SOCAR President Rovnag Abdullayev and the Senior Vice President of IBM and the chairman of IBM …

Does ruble reach its maximum?

Does ruble reach its maximum?

Today's trading on the Moscow stock exchange resulted a sharp decline in the dollar and the euro exchange rates against the ruble. As of 10:40 (MSK), the euro exchange rate fell below the level of 60 rubles, and as of 11:40 it …

Peskov: Putin may discuss ruble appreciation with economy minister

Peskov: Putin may discuss ruble appreciation with economy minister

Russian President Vladimir Putin may discuss the issue of strengthening of the Russian currency at the meeting with Economic Development Minister Maksim Oreshkin later in the day, the Kremlin spokesman …

Euro falls below 60 rubles

Euro falls below 60 rubles

The euro exchange rate fell to 59 rubles at the Moscow Exchange for the first time since June 3, 2015. As of 11:02 (MSK), the euro exchange rate reached 59.88 rubles. The dollar exchange rate, in turn, declined by 0.46 …

Iran found billions barrels of oil

Iran found billions barrels of oil

Iran has discovered 13 new oil and gas fields

Kazakhstan to Bolster Banks

Kazakhstan to Bolster Banks

The government plans to triple a special transfer from the national oil fund to the budget to 1.5 trillion tenge

Russia’s Economic Development and Finance ministries agree to raise VAT

Russia’s Economic Development and Finance ministries agree to raise VAT

Russia’s Economic Development and Finance Ministries have agreed that they will have to cut taxation of labor and compensate budget losses by higher indirect taxes like value-added tax (VAT) in order to support the economy, Vedomosti …

Tbilisi hosts #039Hydropower. Caspian and Central Asia#039 international congress

Tbilisi hosts 'Hydropower. Caspian and Central Asia' international congress

Georgia’s Tbilisi is hosting an international congress to discuss key topics of hydropower construction and operation in the regions of the Caspian Sea and Central Asia. Participants will present more than 40 plans for both …

World Bank#039s new energy rating: Russia among leaders

World Bank's new energy rating: Russia among leaders

Russia entered the prosperous "green zone" on the basis of the World Bank's new survey evaluating the stability of the energy policy in 111 countries. Russia occupies the 27th place in the leading group with 77 points …