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 Russia's central bank lowers inflation forecast

Russia's Central Bank sees full-year inflation at around 3.2% in 2017, Central Bank Governor Elvira Nabiullina said. Nabiullina said that inflation in Russia is currently below 3% but it does not suggest a deviation …

New 200 and 2000-rouble banknotes presented

  New 200 and 2000-rouble banknotes were introduced by Russian Central Bank Governor Elvira Nabiullina and Goznak General Director Arkady Trachuk at a video conference between Moscow, …

Baku-Tbilisi-Kars railway constructed

The Baku-Tbilisi-Kars (BTK) railway has been constructed, the chairman of the Azerbaijan Railways CJSC, Javid Gurbanov, said at the Argus Azerbaijan International Petroleum Summit 2017 in Baku. According to him, …

OPEC raises oil demand forecast

OPEC raised its forecast for world oil consumption in 2017 and 2018 for a third-straight month.  OPEC forecasts the world's appetite for oil will grow by 1.5 million bpd this year and 1.4 million bpd in 2018. The cartel raised …

 Russia's authorities concerned about too low inflation

Russia's annual inflation this month will be below 3%, which, however, can ot be assessed as a positive phenomenon in terms of deviation from the Central Bank's goal of 4%, the head of the Russian Ministry of Economic Development …

Baku and Minsk to sign cooperation plan for 2018

Defense ministries of Azerbaijan and Belarus will sign a bilateral cooperation plan for 2018. It will be signed at the meeting of Azerbaijani Defense Minister, Colonel General Zakir Hasanov, his Belarusian counterpart, …

India expects reasonable oil prices from OPEC

India expects reasonable crude oil price from OPEC member countries, Union Minister of Petroleum and Natural Gas Dharmendra Pradhan told Secretary General of OPEC Mohammad Barkindo. "I have …