European Investment Bank to grant Ukraine €1 billion

18 December 2014 - 12:53pm

The European Investment Bank will grant Ukraine €1 billion within the framework of special measures worth €3 billion in 2014-2016, reports.Ukraine received the second tranche of EU financial aid worth €500 million in early December.

UAE predicts normalization of oil market

18 December 2014 - 12:40pm

UAE Minister for Energy Suhail Mohammed Faraj Al Mazroui said that the oil market will stabilize and the current prices will not stay for long. He added that new changes on the oil market will happen in early 2015. The minister urged countries to show responsibility and help balance the market, RIA Novosti reports.

EU imposes new sanctions on Crimea

18 December 2014 - 12:19pm

 The EU has banned tourism, investments and trade in Crimea. EEAS spokeswoman Maja Kocijancic confirmed the information, Interfax reports.Details about the new bans will be published on the official page of the EU on Friday. The sanctions will come into force on Saturday. 

Putin urges Georgia to start dialogue

18 December 2014 - 12:07pm


Moscow city planners to help develop Crimea

18 December 2014 - 11:37am


Putin guarantees economic growth some day

18 December 2014 - 9:44am

Russian President Vladimir Putin is holding the 10th big press conference. It has been a tradition since 2001, organized at the International Trade Center on Krasnopresnenskaya Naberezhnaya.

Three fake terrorists detained near U.S. embassy in Ankara

18 December 2014 - 9:36am

A 19-year-old Iranian named Muhammad was detained near the U.S. embassy in Ankara after throwing a bag at the embassy door. The bag turned out to be empty. According to preliminary information, the detained man was a student in Turkey, Trend reports.

Car factories shut down in Russia

18 December 2014 - 9:23am


Azerbaijan and Albania to discuss energy cooperation

18 December 2014 - 8:46am

Azerbaijani Minister for Energy Natig Aliyev will visit Albania on December 18-20 to meet with Albanian Minister for Energy and Industry Damian Gjiknuri. They will discuss realization of TAP construction and development of the Albanian gas market.

Russia is in three crises

18 December 2014 - 8:40am


Azerbaijan reduces basic rate of currencies

18 December 2014 - 7:50am

The Central Bank of Azerbaijan has reduced the basic rte of foreign currencies. The official rate on December 18 is 0.7844 manats per dollar. On December 4, the dollar was worth 0.7845 manats.

Expert says Russia is in currency war

18 December 2014 - 6:47am


Counter-terrorism operation regime imposed on Kabardino-Balkaria’s Dulugbey

18 December 2014 - 6:32am

A counter-terrorism operation regime was imposed on Dulugbey (Bakansky District, Kabardino-Balkaria) at 5.45am. Law enforcers are searching for militants, TASS reports.

Armenian president to visit Belgium on December 18

17 December 2014 - 6:53pm

Armenian President Serzh Sargsyan will visit Belgium on December 18 to attend the summit of the European People's Party and meet its leader Joseph Daul, News Armenia reports.

Dagestani Interior Ministry warns drivers about dense fog

17 December 2014 - 6:34pm

The Dagestani Interior ministry has warned drivers about dense fog on the road at night and next morning. Drivers were warned about poor vision and recommended to drive at low speed and be extra cautious, RIA Dagestan reports.

Oil prices go up

17 December 2014 - 6:26pm

The cost of February futures for Brent oil increased by 3.95% to $62.48 per barrel at 8.09pm. January futures for WTI oil gained 3.57% and reached $58 per barrel, RIA Novosti reports. The U.S. Energy Department declared a reduction of commercial oil reserves on the week ending December 12 of 0.8 million barrels (0.2%) to 379.9 million barrels. Analysts predicted a reduction of over 2.36 million barrels.

Georgian PM awaits birth of third child

17 December 2014 - 6:18pm

Georgian Prime Minister Irakli Garibashvili and his wife Nunuka Tamazashvili are awaiting the birth of their third child. Rumours about Tamazashvili's pregnancy started after she appeared at a special reception organized for diplomats in Georgia. Garibashvili's press service says that Garibashvili's wife has been pregnant for five months, News Georgia reports.

Instability of Ukraine affects world economy, says Putin's spokesman

17 December 2014 - 6:04pm

Russian President Vladimir Putin's spokesman Dmitry Peskov said that instability in Ukraine had a negative impact on Russia, European partners and the world economy. In his words, Russia was consistently doing all it could to bring peace to Ukraine, Interfax reports.

Baku and Tehran universities sign cooperation memorandum

17 December 2014 - 5:51pm

Academician Abel Magerramov, the rector of the Baku State University, and Mahmoud Nili Ahmadabadi, the rector of the Tehran University, have signed a cooperation memorandum. Dr. Ahmedrza Khazri, Ahmadabi's advisor, and Dr. Mohammadbagir Gakhramani were part of the Iranian delegation. They discussed partnership, exchange of teachers and students, Trend reports.

Germany activates Nagorno-Karabakh peace process

17 December 2014 - 5:34pm

Co-chairs of the OSCE Minsk Group met in Berlin last week. U.S. Co-Chairs James Warlick noted that the meeting was dedicated to talks with German colleagues about the Nagorno-Karabakh peace process. He emphasized the importance of German assistance in the process. The U.S. gives Germany a high rating in consultations with the OSCE Minsk Group, Trend reports.

Azerbaijani First Lady visits Ateshgah Temple

17 December 2014 - 5:25pm

Mehriban Aliyeva, the First Lady of Azerbaijan, the head of the Baku-2015 European Games Organizing Committee, has visited the Ateshgah Temple State History and Architecture Reserves and studied preparation of monuments for the upcoming Games, Trend reports.She praised the progress and gave advice to local staff. The First Lady emphasized at the first session of the Organizing Committee that the cultural program and development of tourism routes in Baku were of utmost importance.