Economy

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European Parliament  to discuss Nord Stream-2 on Thursday

The European Parliament will hold a debate on the construction of the Nord Stream-2 pipeline at the plenary session in Strasbourg on Thursday, the press service of the European Commissioner for Climate Action and Energy, Miguel Arias …

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Major Russian banks officially withdraw from ARB

The Council of the Association of Russian Banks (ARB) has approved applications for withdrawal from the association of Sberbank, VTB, VTB 24, Gazprombank, Rosselkhozbank, Bank Otkrytie, Alfa Bank, Binbank and BM Bank. ”The representatives …

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Russia to save on pensioners

According to the Russian Ministry of Economic Development, pensions will be reducing in Russia during the next three years. First of all, this will affect payments to more than 10 million working pensioners, whose pensions are not indexed, the …

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Russian economy gains momentum, Putin says

The Russian economy has emerged from the crisis and is gaining momentum. This momentum should be maintained, Russian President Vladimir Putin said, adding that positive factors will gradually be felt by the population and business community. …

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China Is said to ban bitcoin exchanges

China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings last week, Bloomberg reports. …

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IMF Regional Director holds talks in Georgia

Today, Deputy Prime Minister of Georgia, Finance Minister Dmitry Kumsishvili is holding a meeting with the IMF Director of the Middle East and Central Asia Department, Jihad Azour. The leaders discuss ‘’the fund's …

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Sechin about oil prices in 2018

The oil price in 2018 will amount to $ 40-43 per barrel, the chief executive officer of Rosneft, Igor Sechin predicts. According to him, one of the most significant factors here, along with the production of the shale oil, is the large …

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 Lari rate stabilizes, Dmitry Kumsishvili says

First Deputy Prime Minister, Finance Minister of Georgia Dmitry Kumsishvili assured the residents of the country that the depreciation of the national currency was a temporary phenomenon. According to him, stabilization is observed now. …

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Afghanistan-Azerbaijan trade ties improving

Afghanistan Chamber of Commerce and Industries (ACCI) has said that the trade relations between Afghanistan and Azerbaijan have improved in the past two years, TOLO news reports. The ACCI suggests that the Afghan government should use …

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Turkish wealth fund head dismissed

Mehmet Bostan has been dismissed as head of Turkey’s sovereign wealth fund as of Thursday and Borsa Istanbul chairman Himmet Karadag will serve temporarily as the fund’s acting head, a senior official told Reuters on Friday. …

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Russia may abolish transport tax

The Ministry of transport of Russia may cancel the transport tax for cars and introduce instead of it an environmental fee. The Ministry of transport indicate that the rationale for this innovation to be ready before the end of 2017. …

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IMF Regional Director to visit Baku on September 13

The IMF Director of the Middle East and Central Asia department, which includes Azerbaijan, Jihad Azour will pay a one-day visit to Baku on September 13. Azour’s first visit to Azerbaijan will be of a awareness-raising nature, the …

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