Economy

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Why Uzbekistan hires  foreign advisers

When President Shavkat Mirziyoyev decided Uzbekistan’s inefficient and laggard economy needed a legislative overhaul, he turned not to his ministers nor the country’s parliament, but a more unusual source: an Indian-born former British civil servant

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Why Armenia Should Sign A Peace Treaty With Azerbaijan

For the last three decades normalising diplomatic relations with Azerbaijan and Turkey was impossible when Armenia occupied twenty prevent of Azerbaijani territory in 1994-2000. But the situation has radically changed following the 44-day Second …

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Bank of Russia increases key rate to 6.75% per annum

Russia’s Central Bank has again raised its key rate - by 0.25 percentage points to 6.75%, noting that it holds open the prospect of further key rate rises at its upcoming meetings, according to the press release following they key rate …

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Construction of Nord Stream 2 completed

The construction of the Nord Stream 2 gas pipeline was fully completed on the morning of September 10, Gazprom said in a statement. "At a morning operational meeting of Gazprom, Chairman of the Board Alexey Miller said that at 8:45 …

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Sibur boosts petrochemical exports to Europe

Russian petrochemicals giant Sibur has recovered from the initial shock of the pandemic and is increasing its exports, mainly to Europe, thanks to surging demand for medical equipment, a senior executive told Reuters, Nasdaq informs. Sibur, the …

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China to host 14th BRICS summit next year: Xi

Chinese President Xi Jinping said Thursday (Sept 9) that China will take over as the chair of BRICS and host the 14th BRICS summit next year, The Star reports.  China looks forward to working with BRICS partners to deepen …

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Gas price in Europe hits $680 per 1,000 cubic meters

The gas price in Europe hit $680 per 1,000 cubic meters during Thursday trading, according to data provided by London’s ICE. Particularly, the price of gas futures for October delivery at the TTF hub in the Netherlands reached …

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Protests in Libya, Hurricane Ida support oil rally

Oil prices rebounded early on Wednesday, rising by more than 1 percent, as nearly 80 percent of the total crude oil production in the U.S. Gulf of Mexico remains shut-in more than a week after Hurricane Ida made landfall in Louisiana

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Who will cover Olympic financial loss?

The spectatorless 2020 Olympic and Paralympic Games leaves a financial loss for host nation Japan, setting up talks in the coming months on filling the hole left by hundreds of millions of dollars in unsold tickets. Under the International …

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