Economy

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Brent price hits three-year highs

This morning, prices for March futures for Brent oil rose by 2.1% to $68.01 per barrel. According to experts, oil prices rose to a three-year high on Wednesday as ongoing antigovernment protests in Iran, the Wall street Journal …

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Gazprom gas exports rise to new record

Russia’s gas exports to Europe rose 8.1 per cent last year to a record level of 193.9bn cubic metres (bcm), the company’s head said on Wednesday, as the world’s largest gas producer continued to increase sales despite rising …

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Dollar starts new year with growth

This morning the dollar exchange rate increased by 0.03 rubles and was worth 57.66 rubles at the Moscow Exchange. The euro rose 0.05 rubles and was worth 69.3 rubles. …

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China starts free trade with Georgia

Georgia officially established a free trade regime with China, in accordance with an agreement signed in May last year.  From now on, many Georgian goods will be exported to China and its market of 1.4 billion consumers, with …

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Russia takes over chairmanship in EEU from Kyrgyzstan

The chairmanship in the Eurasian Economic Union bodies in 2018 was passed to Russia from Kyrgyzstan. This year Russia will head the Supreme Eurasian Economic Council (consisting of the Heads of the Member States), the Eurasian …

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How does 2018 start?

New Year in Russia starts with a lot of positive changes in the social sphere, related primarily to various federal payments to individual groups of citizens. The most important innovation of 2018 is the introduction of benefits for the first …

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What does 2017 bring for oil market?

2017 was hard, but productive year for the world oil market, energy experts said in an interview with Vestnik Kavkaza, summing up the oil results of this year. The executive vice-president of NewTech Services, professor of the Gubkin …

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SOCAR may open network of filling stations in Belarus

Belarus and Azerbaijan intend to work out the issue of opening a network of filling stations of Azerbaijan’s state oil company SOCAR in Belarus, Ambassador Extraordinary and Plenipotentiary of Belarus to Azerbaijan Gennady …

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What does 2017 bring for Russian economy?

Transition from recession to modest growth was the main result of Russian economy this year, economists said in an interview with Vestnik Kavkaza, speaking about the most significant economic events of 2017. The advisor on …

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Putin raises minimum wage to subsistence level

Russia's President Vladimir Putin signed the law on raising the minimum wage to the subsistence level. The corresponding document has been published on the website of legal information of the Russian government  …

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Moscow and Ankara sign S-400 loan deal

Russia and Turkey signed a loan agreement for the purchase of the S-400 anti-missile system, according to local media. Earlier today, Turkish President Recep Tayyip Erdogan said that Turkey would borrow in rubles in a …

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What does 2017 bring for Kazakhstan?

EXPO 2017, the transition to the Latin alphabet, participation in the Syrian settlement and stabilization of the domestic political situation are those events of this year that are remembered by Kazakhstan more than everything else, the head of …

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