Russia’s Central Bank lifts key interest rate to 9.5%

31 October 2014 - 3:22pm

The key lender raised its key rate to 9.5 percent, a 1.5 percent jump from the last increase in July. The bank said the decision greatly weighed on external conditions, such as low oil prices, sanctions, and the weakening ruble, changed “significantly,”

17 killed as bus carrying agricultural workers rolls over in southern Turkey

31 October 2014 - 2:52pm

Seventeen people were killed and 28 were injured after a bus rolled over and fell into a ditch in the southern province of Isparta in the morning hours of Oct. 31,

Iran cleric denounces acid attacks as 'plot'

31 October 2014 - 2:34pm

A senior Iranian cleric says the recent acid attacks against women in Iran are plots aimed at sabotaging a parliamentary bill empowering people to further promote moralities in the society,

Azerbaijani tax evader arrested

31 October 2014 - 12:52pm

Police have arrested Farruh Teymuroglu, a businessman from Zyumyurhaj (Barda District, Azerbaijan) exporting agricultural products to Russia, for allegedly evading to pay about 1 million manats of taxes, including 733,769 manats of income tax, Trend reports.Bayramov was allegedly using the personal tax reference numbers of businessmen Khalilov Asif Vahidoglu, Nuruyev Arza Neymatoglu, Orujev Jamaleddin Ibragimoglu and Orujev Orkhan Jamaleddinoglu. Thus, he was selling the products to Russia under their names.

Azerbaijan remains main importer of Georgian products

31 October 2014 - 12:37pm

Azerbaijan remains the main importer of Georgian products, about 19.8% of the products Georgia exported were shipped to Azerbaijan in January-September 2014. The products are worth $425.79 million.The volume of Georgian exports to Azerbaijan dropped by 19.4% compared with the volume in January-September 2013. The volume then amounted to $528.59 million.

Ukraine initiates criminal case against Russian actor Porechenkov for shooting in Donetsk

31 October 2014 - 12:23pm

Ukraine has initiated a criminal case on terrorism against Russian actor Mikhail Porechenkov in response to a recent video. On the recording, Porechenkov is seen shooting from a machine gun of the militia at Donetsk airport. Moreover, the actor was wearing a bulletproof vest and a helmet of journalists with a “Press” sign, RBC reports.The area of the incident is still under fire from Ukrainian law enforcers and Donetsk militia. Ukrainian Interior Minister Arsen Avakov said that Porechenkov was directly involved in the shooting and may get 7-12 years in jail.

British minister of state for Europe to visit Baku on November 4-5

31 October 2014 - 12:13pm

The British Minister of State for Europe David Lidington will visit Baku on November 4-5 within the framework of his tour in the South Caucasus. He will discuss bilateral cooperation, Trend reports.

Inflation drains Turkish budget

31 October 2014 - 12:05pm


Khushtov named minister for sports of Kabardino-Balkaria

31 October 2014 - 11:46am

Aslanbek Khushtov, the Greco-Roman Wrestling Champion of 2008, has become the new minister for sports of Kabardino-Balkaria. He joined the local parliament this year, reports.Aslanbek Khushtov was the champion of Europe in 2008, 2009, 2010, winner of bronze medals at the world championships in 2009 and 2010, winner of the 2008 World Cup, prize-winner of Russian championships.

Armenian chief aviator may resign

31 October 2014 - 11:31am


Russian presidential official calls Russia and Azerbaijan winners

31 October 2014 - 10:47am

Maksim Shevchenko, a member of the Russian Presidential Council for Interethnic Relations, said that the latest developments in the South Caucasus, Armenia joining the Eurasian Economic Union, activation of Russian-Azerbaijani diplomatic relations and the round of Nagorno-Karabakh peace talks held in Paris on Monday are victories for Russia and Azerbaijan.

Tbilisi Mayor’s Office denies information about staff with criminal records

31 October 2014 - 9:47am

The Tbilisi Mayor’s Office has described as false some information of the United National Movement about alleged criminal records of Gela Chiaivashvili, the head of the social service of the Mayor’s Office, Vasil Bekauri, a member of the administration of the Nadzaladevi District, and Kakha Gavasheli, a member of the administration of the Saburtalo District, News Georgia reports.As proof, the Mayor’s Office has presented notes from the Interior Ministry of Georgia that mention no criminal records or their names ever being on the wanted list.

Azerbaijan to develop own Siri

31 October 2014 - 9:41am


Armenian deputy foreign minister meets COEST delegation

31 October 2014 - 7:59am

Armenian Deputy Foreign Minister Karen Nazaryan had a meeting with a delegation of the Working Party on Eastern Europe and Central Asia (COEST) in Yerevan yesterday. The delegation includes representatives from the secretariat, the European External Action Service, the European Commission and over 20 EU member-states, reports.Nazaryan discussed Armenian-EU cooperation, relations of Armenia with neighbouring states, regional processes, the participation of Armenia in integration processes and problems of the Eastern Partnership set for Prague in 2015.

Head of OSCE to arrive in Turkmenistan

31 October 2014 - 7:38am


Russian students to be sent to construct Kerch Bridge

31 October 2014 - 7:24am

Russian university students will be sent to help in the construction of the Kerch Bridge. The number of students and whether they will get paid for their work or not is disputable. Roman Starovoyt, the head of the Russian Federal Road Agency, said that everything will depend on their age and year of studies, Izvestia reports.Students of the Moscow Road State Technical University are the most likely choices for the construction site.

Russia, Ukraine and EU reach gas agreement

31 October 2014 - 6:36am

Russian Energy Minister Alexander Novak, his Ukrainian counterpart Yuri Prodan and European Commissioner for Energy Policy Gunther Oettinger reached a gas agreement in Brussels last night. Russian gas supplies to Ukraine, halted on June 16, will be renewed. Ukraine was given a discount of $100, it will pay $378 per thousand cubic meters. Ukraine will buy gas for about $1.5 billion.