Economy

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Baku hosts 5th Global Forum

Baku hosts 5th Global Forum

The 5th Global Baku Forum dedicated to the theme 'The future of international relations: Power and interests' opened in the capital of Azerbaijan today. Nearly 300 representatives from 53 countries will attend the forum. …

Vasily Yakimkin: US Federal Reserve will inflict double blow on ruble

Vasily Yakimkin: "US Federal Reserve will inflict double blow on ruble"

The US Federal Reserve will hold a meeting this evening, during which, as expected by the vast majority of analysts, its interest rate by 0.25%, to 0.75%-1%, which will lead to technical price increase of the dollar compared to other …

Why Russia interested in Turkey from energy point of view

Why Russia interested in Turkey from energy point of view

Видео

It has become the country with the highest energy consumption growth among the countries of the European region

Russia and Turkey may become interface between East and West

Russia and Turkey may become interface between East and West

Видео

Benefits of cooperation between Moscow and Ankara contribute to solving regional problems

Oil drops after Saudis tell OPEC they reversed some output cuts

Oil drops after Saudis tell OPEC they reversed some output cuts

Extending OPEC’s cuts will accelerate the re-balancing of the market and help prices to return to “acceptable” levels

 Oil prices show positive dynamics

Oil prices show positive dynamics

World oil prices are rising in the course of trading on the London and New York stock exchanges. The cost of the May futures of Brent crude oil on London's ICE trading have risen by 1.41% to $51.64 per barrel. The April …

 Russian finance ministry plans to buy FX bypassing Central Bank

Russian finance ministry plans to buy FX bypassing Central Bank

The treasury - which is a part of the Russian finance ministry - may start independently buying foreign currency on the market without the central bank involvement from 2018, the head of the treasury, Roman Artyukhin, …

Europe to say #039yes#039 to Nord Stream 2

Europe to say 'yes' to Nord Stream 2

European Commission President Jean-Claude Juncker will likely approve the Nord Stream 2 pipeline project: the decision could be announced after Germany’s general elections in September. "EU officials …

 Azerbaijan plans to open trade house in Kiev

Azerbaijan plans to open trade house in Kiev

Azerbaijan plans to open its trade house in Kiev, the Azerbaijani Economy Minister Shahin Mustafayev said at the talks with the Ukrainian PM Vladimir Groysman within the framework of his working visit …

Russia#039s economic development minister: oil price declines due to several factors

Russia's economic development minister: oil price declines due to several factors

Decline of oil prices is due to several factors, including production growth in the US and possible changes in the further actions of the OPEC, Russia’s Economic Development Minister Maxim Oreshkin said. "The …

Chemezov: Turkey ready to buy S-400 air defense systems with Russia#039s loan

Chemezov: Turkey ready to buy S-400 air defense systems with Russia's loan

Turkey expressed a desire to receive from Russia a loan for the purchase of weapons, including S-400 air defense missile systems, Russia's Rostech CEO Sergei Chemezov said. "They wanted to receive a loan, but …

EU Turmoil Makes Russia the Sanctioned Bond Market Traders Love

EU Turmoil Makes Russia the Sanctioned Bond Market Traders Love

The political turbulence roiling the European Union is making Russia look like a safe bet to bondholders

 One of largest Kazakh banks may enter Azerbaijani and Georgian markets

One of largest Kazakh banks may enter Azerbaijani and Georgian markets

Kazakhstan’s Eurasian Bank intends to enter the Azerbaijani market, the bank’s CEO Pavel Loginov said in an interview with Forbes.kz. He noted that currently, the international expansion is a part of the …

BP appoints new regional president for Azerbaijan, Georgia and Turkey

BP appoints new regional president for Azerbaijan, Georgia and Turkey

BP announced today the appointment of Gary Jones as the new Regional President for Azerbaijan, Georgia and Turkey, with effect from 2 April 2017. Gary is currently BP’s global head of drilling, completions and …

Iran to pay oil for Russian goods

Iran to pay oil for Russian goods

Iran is ready to make an agreement on supplies of 100,000 barrels of crude oil per day to Russia within the next 10-15 days, Iran’s Minister of Communications and Information Technology Mahmoud Vaezi said at a meeting with …

Russian finance minister on scrapping oil export duty

Russian finance minister on scrapping oil export duty

Russian finance minister Anton Siluanov proposed scrapping the country's oil export duty from 2022-2025 as the government looks to optimise the tax system for the oil and gas industry. Speaking at an economic …

 Russian Finance Ministry to raise VAT, cutting social security tax

Russian Finance Ministry to raise VAT, cutting social security tax

Russia is considering raising value added tax but lowering mandatory social security payments, the country's Finance Minister Anton Siluanov said today, speaking at an economic conference in Moscow. Siluanov said …

Russia#039s Novak to meet with Iran#039s Vaezi

Russia's Novak to meet with Iran's Vaezi

The Russian Energy Minister Alexander Novak will hold a meeting with the Iranian information and communications technology minister Mahmoud Vaezi in Moscow, the Russian Energy Ministry spokeswoman …

US oil depreciates OPEC agreement

US oil depreciates OPEC agreement

The cost of Brent crude oil decline bellow $51 per barrel for the first time since November 30, 2016. As of 5:44 (MSK) the prices of May futures for Brent oil fell by 0.70% to $50.94 per dollar on the ICE Exchange in …

Russia, Azerbaijan and Iran to cut rail tariffs by 50%

Russia, Azerbaijan and Iran to cut rail tariffs by 50%

A trilateral meeting between Russia, Azerbaijan and Iran agreed to reduce railway tariffs by 50% in order to activate North-South Transport Corridor. Representatives of the three countries exchanged views at a trilateral meeting in …