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 Russia's central bank extends key rate pause

The Board of Directors of the Russian Central Bank has kept the key rate at the level of 7.25% today again. It was the third consecutive board meeting the bank had decided to hold the key rate, citing risks of higher inflation. …

Azerbaijani tomatoes hold top spot in Russia's ranking

Despite the fact that Russia allow imports of tomatoes from all Turkish producers from May 1, removing restrictions, Turkish vegetables have not been able to win back their leading positions: in the first five months of this year Turkey supplied …

Will trade wars undermine global economy?

Escalating global trade war could cut world GDP growth to 2.8% from 3.2% (by 0.4%), according to Fitch Ratings 2018 “Global Economic Outlook” baseline forecast. According to the agency, the U.S., Canada and Mexico would be …

SOCAR discovers Georgian regions

SOCAR Georgia Gas, which has been successfully operating in Georgia for more than ten years, agreed to invest new funds in the development of the Georgian gas pipeline network

Azerbaijan opens trading house in Riga

Azerbaijan's trading house has opened in Latvia, Riga yesterday. The trade house aims to promote products under the “Made in Azerbaijan” brand in the Latvian market, the Azerbaijani Ministry of Economic said in a …