Economy

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Trump asks OPEC to increase oil output?

The U.S. government has asked Saudi Arabia and some other OPEC producers to increase oil production by about 1 million barrels a day, according to people familiar with the matter. The rare request came after U.S. retail gasoline prices …

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Gazprom's Dutch assets frozen

Ukraine’s state-owned Naftogaz said a Dutch court had approved its petition to freeze Dutch assets of Gazprom to enforce an arbitration ruling that Naftogaz should receive $2.6 billion from the Russian company. In late May, Swiss …

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Uzbekistan to almost double car production

Uzavtosanoat JSC plans to increase production of cars in Uzbekistan to 220,000-230,000 units per year, chairman of the Board of Uzavtosanoat Umidjan Salimov said at a press conference in Tashkent. The country produced …

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Russia to earn 100 trillion rubles

Russia’s Economic Development Ministry revised its economic forecast. It was presented by Economy Minister Maxim Oreshkin at the State Duma meeting nu budget and taxes. Russia’s gross domestic product was …

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Gazprom to loan 2.14 bln euro to Turkish Stream operator

Russian gas company Gazprom said it would loan up to 2.14 billion euros to its subsidiary South Stream Transport B.V. which is overseeing the construction of the Turkish Stream undersea gas pipeline to Turkey from Russia. The loan will …

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Merkel: EU should be more independent of IMF

German Chancellor Angela Merkel laid out her ideas for more European integration, including the creation of a joint refugee agency that would determine asylum requests on the continent's borders. In a changing …

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Pashinyan inspects Karfur supermarket

The Head of the Armenian Government, Nikol Pashinyan, posted a photo made in the food sales department of the Karfur supermarket on his page in the social network Facebook. "Accidentally went to Karfur and saw the following …

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Erdogan says Uber is 'finished' in Turkey

Turkish President Recep Tayyip Erdogan says ride-hailing app Uber no longer exists in his country. His statement comes after Istanbul taxi drivers called for the service to be banned, Deutsche Welle reports.  The ride-hailing …

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EU's anti-Russian agreement enters into force

The EU-Armenia Comprehensive and Enhanced Partnership Agreement entered into force today, the European Commission press service said. The agreement covers political, trade and other sectorial issues, from the environment to procurement …

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Mogherini: EU 'not at trade war with anyone'

EU foreign policy chief Federica Mogherini said the bloc was not in a trade war with anyone but would defend its interests, hours after the US slapped punishing metals tariffs on Europe and other close allies. "The …

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