Economy

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Economic Development Ministry: sanctions help Russia

Western sanctions helped Russia pay attention to internal economic issues, with the country’s economy entering an active growth phase due to trade and economic policies, Russian Economic Development Minister Maxim Oreshkin …

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Armenia considers transit of Iranian gas to Europe

Armenia is ready to participate in major regional economic projects and consider the possibility of transit of Iranian gas to Europe, Armenian President Serzh Sargsyan said in an interview to the Iranian newspaper …

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 WTI oil costs over $50 per barrel

The prices of September futures for Brent oil have risen by 0.25% to $52.65 per dollar on the ICE Exchange in London, yesterday evening, The September futures for WTI oil gained 0.93% and reached $50.17 per barrel at the New York …

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Kuban agrarians report about record harvest

Agrarians of Krasnodar Territory have completed harvesting grain crops: the harvest of wheat and barley set a record this year - 10 million 364 thousand tons of grain, which is 212 thousand tons more than last year, region's governor …

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Kazkommertsbank elects new board of director

Shareholders of JSC Kazkommertsbank elected a new board of directors. It will include six people for a term of three years. The press service of the bank said that the shareholders decided on the early termination of the chairman of the …

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Putin signs law on merger of Reserve Fund and NWF

Russian President Vladimir Putin signed a law on a new fiscal rule, as well as a merger of the Reserve Fund and the National Welfare Fund. The text of the decree was placed on the official internet portal of legal …

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Labor Ministry: unemployment rate in Russia decreases

The number of unemployed in Russia has decreased by 0.2%, the Russian Ministry of Labour and Social Protection said. "The number of unemployed has decreased by 0.2% to 801360 people in the period from July 19 to July 26, 2017. A …

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  Dollar exceeds 60 rubles

This morning the dollar exchange rate increased by 0.47 rubles and was worth 60.04 rubles, the euro rose 0.43 rubles and was worth 70.45 rubles at the Moscow Exchange.  The dollar rose above 60 rubles for the first time since July …

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OPEC, non-OPEC states to discuss oil cut deal in UAE

The Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC) plans to meet in Abu Dhabi, UAE, to discuss the compliance of oil producers, obliged to cut production, News.az reported. According to the latest OPEC’s assessment, …

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Russia's Central Bank expectedly keeps key rate

The board of directors of Russia’s Central Bank decided to keep the key rate at 9% per annum, the regulator said in a press release. The board of directors noted that inflation remains near the target level, and the recovery …

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