Economy

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Azerbaijan's Central Bank issues 200 AZN banknotes

The presentation of a new banknote worth 200 manat was held at the Azerbaijani Central Bank yesterday. Chairman of the Central Bank of Azerbaijan Elman Rustamov said that taking into account the dynamical development of …

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Rusal chief executive and 7 directors resign

Russian aluminium producer Rusal said its chief executive and seven directors had resigned. The company said that “in furtherance of such efforts”, chief executive Alexandra Bouriko had resigned and seven …

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SPIEF 2018 kicks off in St. Petersburg

The 22nd annual International Economic Forum (SPIEF) kicks off in Russia’s city of St. Petersburg at the ExpoForum Convention and Exhibition Center and will last for three days.  The events of the forum have been banded …

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IMF: Armenia is the poorest country in South Caucasus

The International Monetary Fund (IMF) has released a fresh report on the economic power of the world's nations, in which it ranks the world's countries according to their GDP based on purchasing power parity (PPP) per capita. …

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Russia runs budget surplus

The Russian government approved the draft amendment to the the bill on federal budget for 2018 and the planned period of 2019-2020. Information about this is published on the website of the Cabinet. "The draft law provides for …

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Sberbank reducing its presence in Europe

Russia's Sberbank intends to reduce its presence in Europe, but expand it in Kazakhstan and Belarus, the head of the state bank Herman Gref said. "We stay in Europe, Belarus, Kazakhstan and …

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Russians triple investment in government

Last year, the Russians bought government federal bonds (OFZ) amounting to 93 billion rubles. This number is three times higher than in 2016, it follows from the Bank of Russia's data. Almost half of purchases accounts for …

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Turkey may ban some Israel goods

US President Donald Trump’s move to recognise Jerusalem as Israel’s capital and shift the American embassy there reversed decades of US policy, upsetting the Arab world and Western allies

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