Economy

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 Brent and WTI oil prices decline

Oil prices fell by around 1% on Monday as drilling activity in the United States, the world’s largest oil producer, picked up and financial markets were pulled down by trade concerns. Brent crude oil futures were down 49 cents …

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Significant growth in Turkmenistan's GDP by late January

By the end of January 2019, the growth of the gross domestic product (GDP) of Turkmenistan was 6.2 percent, the Turkmen government said in a statement, Trend reports. In general, the volume of production and the retail trade turnover …

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Armenia PM: We have record progress

In 2018, Armenia has recorded a record progress—by 9 points, and it is in the 19th place by the Davos World Economic Forum indicator that characterizes the degree of concentration (monopolization) of market. Prime Minister …

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Moody's upgrades Russia's rating

Global ratings agency Moody's has upgraded Russia's rating to Baa3 with a stable outlook. Moody's said in a report that Russia's rating was upgraded from Ba1 to Baa3, while the outlook was changed from positive to …

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Bank of Russia keeps key rate at 7.75%

The Bank of Russia Board of Directors decided to keep the key rate at 7.75% per annum, the regulator said in a press release.  When grounding its decision the regulator noted that in January 2019, annual inflation held at the lower …

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Kazakh President receives CEO of Astana Group

Head of Kazakhstan Nursultan Nazarbayev has held a meeting with President of Astana Group Nurlan Smagulov, Kazinform reported citing the press service of Akorda. At the meeting, the Head of State …

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European Commission sharply lowers oil prices forecasts

The European Commission has lowered its forecasts for Brent oil prices in 2019-2020 in its Winter 2019 interim report. Based on futures markets, an average Brent oil price of $61 per barrel is now assumed in 2019 and 2020, according to …

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