Economy

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 Iranian businessmen ready to supply Armenian tomato paste to EEU

Iranian businessmen ready to supply Armenian tomato paste to EEU

Armenian minister of agriculture Ignaty Arakelyan received a group of top managers of Iranian companies engaged in the construction of greenhouses and production of tomato paste. Iranian businessmen stated their …

WSJ: ExxonMobil seeks US waiver to resume Russia oil venture

WSJ: ExxonMobil seeks US waiver to resume Russia oil venture

Exxon Mobil Corp. has applied to the Treasury Department for a waiver from US sanctions on Russia in a bid to resume its joint venture with state oil giant PAO Rosneft, Wall Street Journal reported with reference to people familiar with the …

Sechin and Kadyrov held meeting in Moscow

Sechin and Kadyrov held meeting in Moscow

The head of Rosneft Igor Sechin and the head of Chechnya Ramzan Kadyrov held a meeting in Moscow, during which they have agreed to form a working group to improve the effectiveness of joint projects. …

IMF lowers forecast on Russia#039s government debt

IMF lowers forecast on Russia's government debt

The International Monetary Fund (IMF) has lowered the forecast on Russia's government debt against GDP in 2017 by 2,3 percentage points, to 17,1%. At the same time, it's specified that the forecast for 2018 is lowered by 3,3 …

OPEC: oil producers close to re-balancing market

OPEC: oil producers close to re-balancing market

Oil-producing nations are moving closer toward ending a global glut and re-balancing the crude market, OPEC Secretary-General Mohammad Barkindo said at a conference in Abu Dhabi. The OPEC and other major producers are …

Rosatom Chief: terms of Russia-Egypt NPP contract signing depend on Cairo

Rosatom Chief: terms of Russia-Egypt NPP contract signing depend on Cairo

The terms of signing the Russian-Egyptian comprehensive contract for the construction of Egypt's first Dabaa nuclear power plant depend on Cairo, Moscow is ready for signing now, the general director of the Rosatom state corporation, …

 Russian Prime Minister addresses Parliament on 2016 results

Russian Prime Minister addresses Parliament on 2016 results

Russian Prime Minister Dmitry Medvedev said in an annual report to the lower house of parliament that 2016 was "the year of realized opportunities". "The last year was very important for us," he …

Oil output monitoring committee to meet in Vienna on May 24

Oil output monitoring committee to meet in Vienna on May 24

Russia and OPEC will hold the meeting of the oil output monitoring committee on May 24 in Vienna, OPEC Secretary General Barkindo said. The meeting will be attended by the Russian Energy Minister Aleksander …

Margvelashvili and Zarif discuss expansion of cooperation between Georgia and Iran

Margvelashvili and Zarif discuss expansion of cooperation between Georgia and Iran

Georgian President Giorgi Margvelashvili and Iranian Foreign Minister Mohammad Javad Zarif discussed issues of mutual interest at the meeting in Tbilisi. The two sides underlined necessity to …

Those who came to referendum in Turkey worried about economy

Those who came to referendum in Turkey worried about economy

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The economic situation in regions that voted against constitutional changes is worse

 Russia to be third largest supplier of goods to EU market

Russia to be third largest supplier of goods to EU market

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Russia's economy will grow by 1.2% this year and by 1.8% next year

Sberbank becomes most valuable Russian bank

Sberbank becomes most valuable Russian bank

Sberbank became the only Russian brand in the Top100 of the banking rating and the only Russian banking brand in the Brand Finance Global 500, its brand value has increased by 33% over the last year (almost 570 billion rubles).  …

Russian Foreign Ministry: Moscow and Riyadh deepening cooperation

Russian Foreign Ministry: Moscow and Riyadh deepening cooperation

There is a deepening of cooperation between Russia and Saudi Arabia in all areas, Russia's Special Presidential Envoy for the Middle East and Africa, Deputy Foreign Minister Mikhail Bogdanov said, speaking at the meeting …

Iran Boosts Gas-Output Capacity With New Projects at Giant Field

Iran Boosts Gas-Output Capacity With New Projects at Giant Field

The country raised total production capacity at South Pars to 570 million cubic meters a day of gas

Russians do not want #039Mir#039

Russians do not want 'Mir'

More than two-thirds of Russians (70%) do not plan to open a "Mir" payment card, according to a poll conducted by the Russia Public Opinion Research Center (VCIOM). Only 20% of Russians plan to get the card, 3% already have …

Oil prices decline on growing US drilling activity

Oil prices decline on growing US drilling activity

Oil prices dropped this Monday morning in Asia following a three-day Easter break as investors digest North Korea’s failed missile launch. As of 14:28 (MSK), WTI Oil was down 46 cents or 0.86% at $52.72 per barrel. Brent Oil was …

IMF improves outlook for Russia#039s economic growth

IMF improves outlook for Russia's economic growth

The International Monetary Fund revised upward its outlook for Russia. The IMF now expects the Russian economy will grow by 1.4% in each of 2017 and 2018, informed sources in the Fund said. Such figures are in the new forecasting and …

 Ilham Aliyev predicts very successful year for Azerbaijan

Ilham Aliyev predicts very successful year for Azerbaijan

Azerbaijan’s President Ilham Aliyev said that 2017 will be very successful for the country, taking into account indicators of the first quarter of the year. He noted that the results of the first three months of …

Kremlin aide: fiscal rule might be introduced in 2018

Kremlin aide: fiscal rule might be introduced in 2018

The new fiscal rule that restricts Russian budget spending of additional oil and gas revenue might be formally introduced in 2018, Kremlin aide Andrei Belousov said. "In principle, yes. But essentially, it is …

Iran to back extension of oil output cuts

Iran to back extension of oil output cuts

Most oil producers support an extension of output cuts by OPEC and non-OPEC countries, and Iran would also back such a move, Iranian oil minister Bijan Namdar Zanganeh said. Zanganeh stressed that most countries want …