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Fears of oversupply pull oil prices down

Oil prices on world exchanges continue dropping. As of 08:29, the price of a barrel of Brent crude dropped 0.78%, reaching $40.55. WTI oil prices dropped by 0.69% to $39.12 per barrel. The decline in world oil prices is …

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Survey: 11% of Russians don't notice economic crisis

The number of Russians who believe that the country is currently experiencing an economic crisis has reached 79%, the results of a survey by the Public Opinion Foundation indicate. In January 2015, this opinion was expressed by …

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 Oil continue to fall awaiting US statistics

The decline in world oil prices is associated with the publication of the US Department of Energy's new statistics and in anticipation of Baker Hughes statistics. As of 8:00 MSK, the price of a barrel of Brent crude dropped 0.02%, …

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Azerbaijan becomes leader for investments in Georgia

According to the results of 2015, Azerbaijan ranked first in terms of volume of direct investments in Georgia. In total, $1.351 billion were invested in Georgia's economy in 2015 and Azerbaijan has invested $542 million, abc.az …

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Armenian trade goes through dark times

The situation in Armenia's retail trade has further deteriorated in recent years, according to data of the National Statistical Service of the Republic. The retail turnover in the country decreased by 6.5 billion drams (about $ …

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US statistics did not prevent rise in oil prices

Oil prices continue to rise in the world markets. As of 20:31, the cost of a barrel of Brent oil has reached the level of 37.17 dollars, adding 1.01% during the tradings. Prices are rising, despite the data, released by the US …

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Quarter of Kuban citizens work "in shadows"

To date, 600 thousand people are involved in the "shadow" sector of Krasnodar Territory's labor market, which amounts to about a quarter of the economically active population, regional Minister of Labor and Social Development …

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Georgia expects fertility decline

A sharp decline in the birth rate is expected in Georgia next year, the chairman of the demographic revival Fund Tamara Chiburdanidze said. "In 2017 fertility will decline by rwice, as 445,000 thousand girls were …

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City of Labinsk becomes main greenbelt of Kuban

According to a rating of greenbelts in the Krasnodar region, the Kuban city of Labinsk tops the list of green spaces area with 57.7%, the press service of Krasnodarstat reports. Krymsk is in second place with 47.2%, Armavir is in the …

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Price for Brent above $34

Oil prices have increased on the world markets. As of 08:11pm a barrel of Brent oil increased by $0.90 (2.71%) to $34.17. The price of WTI crude oil increased by $0.22 (0.69%) to $32.09, Interfax reports. …

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Armenian economy becomes twice as passive in month

The level of economic activity in Armenia in January fell 49.2% in comparison with December, according to data of the National Statistical Service of the Republic. Furthermore, there is fixed a reduction in several other parameters. In …

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Armenian economy becomes twice as passive in last month

The level of economic activity in Armenia in January fell 49.2% compared with December, according to data of the National Statistical Service of the Republic. Furthermore, there is fixed a reduction in several other parameters. In …

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Georgia loses foreign trade turnover

In January of 2016, Georgia's foreign trade turnover with EU countries amounted to 137 million dollars, which is 25% less than in January 2015, the National Statistics Office of Georgia Gruzstat reported. Exports from Georgia to the …

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