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Crimean authorities cancel six investment projects

Crimean authorities canceled implementation of six investment projects carried out on the territory of the republic, head of the regional Ministry of Economic Development Andrei Melnikov said on the sidelines of the 6th St. …

 Armenia investors’ club to build large HPP

The investors’ club, which is founded by Armenia's Prime Minister Karen Karapetyan, plans to build a new hydroelectric power plant (HPP) in the country. The draft of the respective agreement was approved …

Russian industrial zone in Egypt to cost $7 billion

Aroun $6,9 billion must be invested in order to create Russian industrial zone in Egypt, Russian Ministry of Industry and Trade reported. "This project should be finished in 13 years, it will be divided into three stages," the …

 Vladimir Putin: Russia's crisis is over

Crisis in Russia is over, Russian President Vladimir Putin said during his annual Q&A call-in session, adding that Russia has moved to a period of growth.  "Recession in the Russian economy is over, …

Giorgi Gakharia: foreign business trusts Georgia

Head of Georgia's Economy Ministry, Giorgi Gakharia, said that direct foreign investments in the country's economy are constantly increasing, which is unique for the region. He specified that the amount of …

Why will low inflation not save Russian economy?

The excessively rapid decline in inflation is not a healthy process, it will be rather a problem for Russia's economy, the head of Sberbank German Gref said during a broadcast on the Rossiya 24 TV channel. According …

Kvirikashvili meets with  Abdullah II

Jordan’s King Abdullah II discussed with Georgian Prime Minister Giorgi Kvirikashvili bilateral relations and means of developing them in various fields, especially in the economic domain.  The meeting discussed …

Best investment projects contest held in North Ossetia

Winners of the "Best Investment Project" contest were awarded in North Ossetia. The contest was initiated by the Ministry of Industry and Trade of the republic to find new projects and ideas in the field of industry and …