Economy

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Russian Energy Minister on new participants of oil output cut deal

Russian Energy Minister on new participants of oil output cut deal

Another 3-5 countries might join the agreement on reducing oil production by OPEC countries and non-cartel exporter countries, Russia’s Energy Minister Alexander Novak said. "I think it will be 3-5 new …

Azerbaijan ready to extend oil output cut deal

Azerbaijan ready to extend oil output cut deal

Azerbaijani Energy Minister Natig Aliyev will attend the OPEC's meeting on May 24-25 in Vienna, the spokesperson for the Azerbaijani energy ministry, Zamina Aliyeva, said. Azerbaijan is ready to …

China#039s COSCO to invest in Kazakhstan border project

China's COSCO to invest in Kazakhstan border project

as part of Silk Road drive

Tehran Rail Expo 2017 opened in Iran#039s capital

Tehran Rail Expo 2017 opened in Iran's capital

The fifth international rail and rail industries exhibition Tehran Rail Expo 2017 has opened in Iran. Some 160 Iranian and 130 foreign companies from Sweden, Switzerland, Belgium, France, India, Ukraine, Turkey, New Zealand, Italy, …

What risks does trade agreement between Tbilisi and Beijing pose for South Caucasus?

What risks does trade agreement between Tbilisi and Beijing pose for South Caucasus?

China is trying to turn Georgia into a springboard for trade in the entire Caucasus region

Putin sees promising outlook for extension of oil production cut deal

Putin sees promising outlook for extension of oil production cut deal

Russian President Vladimir Putin said the outlook for extension of the oil production cut deal is promising. "I think that the outlook is promising," he told a press conference on Monday when asked about his …

Nazarbayev: Silk Road initiative opens possibility of introducing new vision of entire regions

Nazarbayev: Silk Road initiative opens possibility of introducing new vision of entire regions

Kazakh President Nursultan Nazarbayev noted the need for the development of agricultural cooperation within the framework of the One Belt, One Road initiative.  "It is important to develop agricultural …

Russian budget deficit declines 2.4 times

Russian budget deficit declines 2.4 times

Russia's budget deficit in the April of this year reached 515.538 billion rubles, according to the Treasury Department. Thus it declined 2.4 times in comparison with the results of January. Budget revenues in …

Russian economic security strategy until 2030 approved

Russian economic security strategy until 2030 approved

Russian President Vladimir Putin signed a decree on approving the country’s economic security strategy until 2030. The text of the decree was placed on the official internet portal of legal information. …

Russia and Saudi Arabia to extend OPEC oil output deal

Russia and Saudi Arabia to extend OPEC oil output deal

Russia and Saudi Arabia are ready to extend the agreement on reducing oil production for another 9 months, until the end of March 2018. Russian Energy Minister Alexander Novak and Minister of Energy, Industry and …

Best investment projects contest held in North Ossetia

Best investment projects contest held in North Ossetia

Winners of the "Best Investment Project" contest were awarded in North Ossetia. The contest was initiated by the Ministry of Industry and Trade of the republic to find new projects and ideas in the field of industry and …

One Belt and One Road forum kicks off in Beijing

"One Belt and One Road" forum kicks off in Beijing

Beijing is hosting a high-level international cooperation forum, dubbed "One Belt, One Road,” which brings together dozens of heads of state and government, along with financial organizations and hundreds of business representatives …

Novak announces expected level of oil production cuts

Novak announces expected level of oil production cuts

In May and June, Russia plans to maintain a level of the oil production cuts at 300 000 barrels per day relatively to the October levels, the head of the Ministry of Energy of the Russian Federation, Alexander Novak said. "We …

Will minimum wage and subsistence minimum be equal in Russia?

Will minimum wage and subsistence minimum be equal in Russia?

Russian President Vladimir Putin considers the Russian government's plan to raise the minimum wage up to the minimum subsistence level a serious step. At the meeting with the Chairman of the Federation of …

China#039s Big Play for Middle East Oil

China's Big Play for Middle East Oil

The energy ventures meet the needs of both sides, but China needs to use its momentum

 Russian Central bank head: small steps are better when cutting rates

Russian Central bank head: small steps are better when cutting rates

Russia's central bank governor Elvira Nabiullina said she prefers cutting interest rates in small steps as the bank gradually eases monetary policy, adding that inflation expectations needed to be dampened further. …

Azerbaijan plans to organize export mission to Japan

Azerbaijan plans to organize export mission to Japan

Azerbaijan's Economy Minister Shahin Mustafayev has received the Ambassador of Japan in Baku, Teruyuki Katori, the Azerbaijani economy ministry said. The sides discussed the questions of expansion …

 Armenian nuclear power plant to be under repair until July 9

Armenian nuclear power plant to be under repair until July 9

The Armenian nuclear power plant in Metsamor was halted for a planned two-month long repair and refueling, the ministry of energy infrastructures and natural resources said. The nuclear power plant, which is located 30 kilometers west …

 Chairman of Armenia#039s Central Bank to meet with EBRD heads

Chairman of Armenia's Central Bank to meet with EBRD heads

Chairman of the Central Bank of Armenia Arthur Javadyan has left for Cyprus to attend the annual meeting of the European Bank for Reconstruction and Development (EBRD) and a business forum in Nicosia, the bank's press service …

EBRD President: cooperation with Russia important for us

EBRD President: cooperation with Russia important for us

The European Bank for Reconstruction and Development (EBRD) does not have plans to finance new projects in the territory of Russia in 2017, EBRD President Suma Chakrabarti said. "The EBRD does not plan to finance …