Economy

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Ambassador: Azerbaijani-Danish turkey factory to be opened in Ismayilli district

Ambassador: Azerbaijani-Danish turkey factory to be opened in Ismayilli district

Azerbaijan and Denmark will open a joint turkey factory in the Ismayilli district of Azerbaijan, the Ambassador Extraordinary and Plenipotentiary of Denmark Svend Olling said at the meeting with the …

Brothers again: Uzbekistan and Kazakhstan

Brothers again: Uzbekistan and Kazakhstan

Uzbek President Shavkat Mirziyoyev visited his Kazakh counterpart Nursultan Nazarbayev in Astana

World faces a crisis of confidence in dollar

World faces a crisis of confidence in dollar

The level of the world's confidence in dollar continues to decline, which hurts the existing international financial system, National University of Singapore politics professor Huang Jing said on the sidelines of …

This is how many barrels of oil the 13 OPEC countries produced last month

This is how many barrels of oil the 13 OPEC countries produced last month

The oil cartel continues to dominate global oil markets

Novak: OPEC and non-OPEC compliance on production cuts at 93%

Novak: OPEC and non-OPEC compliance on production cuts at 93%

As of February, OPEC members and countries outside of the cartel cut their oil production by 93% of the planned level, Russian Energy Minister Alexander Novak said. He explained that the monitoring committee is …

Sino-Saudi alignment creates strategic opportunity for Turkey

Sino-Saudi alignment creates strategic opportunity for Turkey

Erdogan declared Turkey’s national interests as “residing in the Suez Canal, the adjacent seas, and from there extending to the Indian Ocean”

Armenia to subsidize more than $1 million for agricultural equipment leasing

Armenia to subsidize more than $1 million for agricultural equipment leasing

Armenia will subsidize more than $1 million for agricultural equipment leasing in the next six years, Armenian Deputy Minister of Agriculture Robert Makaryan told reporters on Saturday during signing of a memorandum on leasing of …

Medvedev and Rouhani to discuss trade between Tehran and EAEU

Medvedev and Rouhani to discuss trade between Tehran and EAEU

Russian Prime Minister Dmitry Medvedev and Iranian President Hassan Ruhani will discuss the formation of trade regime between the Eurasian Economic Union (EAEU) and Tehran on March 27 in Moscow, the press office …

Valery Nesterov: Oil will remain at the level of $ 50 per barrel

Valery Nesterov: "Oil will remain at the level of $ 50 per barrel"

Today, the Central Bank of the Russian Federation announced a conservative forecast for the oil prices

How much Europe can Europe take?

How much Europe can Europe take?

Either political integration catches up with economic integration, or economic integration needs to be scaled back

Russia#039s central bank head: we plan to cut key rate gradually, pauses possible

Russia's central bank head: we plan to cut key rate gradually, pauses possible

Russia's central bank would cut its key rate gradually, the banks' Governor Elvira Nabiullina said. The bank would cut rates gradually in the medium term and pauses between cuts are possible, Nabiullina …

Oreshkin: Russian government economic efforts to speed interest rate cuts

Oreshkin: Russian government economic efforts to speed interest rate cuts

The Russian government's work to create a predictable economic environment should help bring forward more interest rate cuts, the country's economy minister Maxim Oreshkin said. He was commenting after the …

Russian Central Bank symbolically cut its key rate

Russian Central Bank symbolically cut its key rate

The board of directors of Russia’s Central Bank has decided to cut its key interest rate for the first time since September 2016 by 25 basis points to 9.75% per annum. "The Board of Directors notes that inflation slowdown …

 Russian and Uzbek PMs to meet in Moscow on March 28

Russian and Uzbek PMs to meet in Moscow on March 28

Russian Prime Minister Dmitry Medvedev will meet with the head of the Uzbek government Abdullah Aripov in Moscow on March 28. "Russian Prime Minister Dmitry Medvedev and Uzbek Prime Minister …

Turkey#039s ambassador to Russia hopes trade crisis between countries will be over soon

Turkey's ambassador to Russia hopes trade crisis between countries will be over soon

Turkey's Extraordinary and Plenipotentiary Ambassador to Russia Huseyin Dirioz hopes that the Russian-Turkish trade crisis that arose after Turkey suspended duty-free imports of Russian agricultural products will be resolved …

Russian Finance Ministry: Oil prices may return to $40 level

Russian Finance Ministry: Oil prices may return to $40 level

Oil prices may return to the level of around $ 40 per barrel in the medium term, director of the revenue department of the Russian Finance Ministry Yelena Lebedinskaya said. "In principle, we expect that we will …

New Armenian thermoelectric power station to ship electricity to Iran and Georgia

New Armenian thermoelectric power station to ship electricity to Iran and Georgia

The Armenian government approved today the signing of a framework agreement on the design, development, financing, construction, ownership and operation of a new thermoelectric power station (TPS) in Erebuni administrative district of Yerevan, …

 4th meeting of Caspian Expert Club held in Astrakhan

4th meeting of Caspian Expert Club held in Astrakhan

The fourth meeting of the Caspian Expert Club, timed to the 300th anniversary of the Astrakhan province, was held in Astrakhan yesterday. The experts met to discuss historical research and media projects within the framework of the 'Caspian …

New Projects, Shale Boom Could Trigger Oil Oversupply by 2018-19

New Projects, Shale Boom Could Trigger Oil Oversupply by 2018-19

OPEC will have to extend its oil output curbs in order to sustain a recovery in prices

Azerbaijan#039s export to Georgia increases by 38%

Azerbaijan's export to Georgia increases by 38%

Azerbaijan exported goods worth $127.55 million to Georgia in January-February 2017, 38% more than in January-February 2016, Georgia's National Statistics Office said. Azerbaijan ranks the second among main exporters to Georgia with …