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How long can world live in debt?

Living in debt - is the natural state of the world economy, and it is acceptable for both creditors and debtors, economists said in an interview with Vestnik Kavkaza, commenting on Alexei Kudrin's warning about the fact that …

Armenian wineries owe 2 billion drams to wine-growers

Armenian wineries owe 2 billion drams to local wine-growers for grapes procured last year, the head of a union of farmers, Hrachya Berberyan, said. According to him, the main problem of wineries is that the vendors …

Gazprom comes up with punishment for Dagestan and Ingushetia

As reported in Gazprom, the company will stop investing in Ingushetia and Dagestan - in this way it intends to respond to the billions dollars debts of the two regions for already supplied gas. The object that are already under the construction …

India clears part of $6.4bn Iran debt

India has made the first euro payments to Iran in four years to clear part of its $6.4-billion oil debt ahead of Prime Minister Narendra Modi's visit to Tehran on Sunday, reports say. The payment through Turkey’s Halkbank was …

Merkel forgets to hand over the money to the party funds

German Chancellor Angela Merkel is in the ranks of debtors. Thus, according to the newspaper Bild am Sonntag, Merkel did not pay dues of her party ‘Christian Democratic Union’ (HDZ) over the past few years. As a result, the amount of …

Azerbaijan fully repays debt to IMF

Azerbaijan fully repaid its debt to the International Monetary Fund (IMF), a report on the activities of the country's cabinet of ministers for 2015 says. Recall that Azerbaijan joined the IMF in 1992. The country attracted …

Armenian press review (January 28 - February 3)

Armenian media write about the aggravation of differences between President Serzh Sargsyan and Prime Minister Hovik Abrahamyan during the negotiations on the establishment of the next ruling coalition

Armenia's external debt exceeds $ 4 billion

Armenia’s foreign liabilities to international financial organizations and creditors crossed the $4-billion mark for the first time, reports. The Armenian government already signed several loan agreements, …