Economy

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 Oil drops as US crude stockpiles extended gains

Oil resumed its decline as industry data showed US crude stockpiles extended gains, exacerbating an inventory overhang. West Texas Intermediate for July delivery slid as much as 1.1% to $45.99 a barrel on the New York Mercantile …

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BSTDB ready to finance Southern Gas Corridor

The Black Sea Trade and Development Bank (BSTDB) is interested in financing the Southern Gas Corridor project, BSTDB President Ihsan Ugur Delikanli said at an event dedicated to presentation of the bank’s opportunities for …

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Russia says Kazakhstan committed to oil output deal

The energy ministers of Russia, Saudi Arabia and Kazakhstan did not discuss any adjustments to output levels Kazakhstan agreed to as part of a global oil output deal, Russian Energy Minister Alexander Novak was quoted as saying …

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Giorgi Gakharia: foreign business trusts Georgia

Head of Georgia's Economy Ministry, Giorgi Gakharia, said that direct foreign investments in the country's economy are constantly increasing, which is unique for the region. He specified that the amount of …

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Russia's Arctic pavilion opens at EXPO-2017

Opening ceremony of Russian pavilion dedicated to Arctic was held in Astana in the framework of international exhibition EXPO-2017. The event was attended by Russian Ambassador to Kazakhstan Mikhail Bocharnikov, Deputy Minister of …

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Armenia's national debt increases

The national debt of Armenia has reached $6.095 billion: in April 2017 it amounted to $6.038 billion, according to data of the National Statistical Service of the Republic. $550.9 million is debt held by Armenia's Central Bank …

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