Economy

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BP plans to drill six new wells in Azerbaijan

BP plans to drill six wells in Azerbaijan within the next two years, BP Regional President for Azerbaijan, Georgia and Turkey Gary Jones said at a meeting on the results of 2018 and plans 2019. According to him, BP has …

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 Shutdown slows down U.S. economic growth

The U.S. economy cooled in the first two months of 2019, with growth characterized as "slight-to-moderate" across most of the country in a Federal Reserve survey. "About half of the districts noted that the government …

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Georgia exports 12 mln bottles of wine in two months

Georgia exported about 12.2 million bottles of wine to 32 countries in January-February 2019, which is a 13% increase compared to the same period of 2018, according to the Georgian National Wine Agency. Last month Georgia generated …

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Putin holds meeting with VTB head

Russian President Vladimir Putin had a working meeting with President and Chairman of the VTB Bank Management Board Andrei Kostin to discuss the bank’s performance last year, mortgage lending and housing construction …

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 Russia’s central bank says when rate can be cut

Russia’s central bank may cut its key interest rate as soon as late 2019 if the economy develops in line with forecasts, the bank’s head of monetary policy department Alexey Zabotkin said. He added that the …

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