Economy

Russia and China - main product supplies to Turkey

Russia and China - main product supplies to Turkey

Turkey imported products from Russia to the amount over $3.3 bln in April 2024, Turkish Minister of Trade Omer Bolat said. China tops the list of Turkey’s import of products with the share of $3.753 bln. It is followed by Russia …

Iran's foreign trade increases

Iran's foreign trade increases

Iran's foreign trade increased by nearly 48% and reached $10.420 million in March-April. Iran's trade balance, including crude oil, gas …

Turkey-Iran trade turnover decrease

Turkey-Iran trade turnover decrease

The trade exchanges between Turkey and Iran in the first three months of 2024 reached $1.362 billion, registering a 16% decline compared to the …

Turkey names condition for resuming trade with Israel

Turkey names condition for resuming trade with Israel

Turkey will not resume trade with Israel, worth $7 billion a year, until a permanent ceasefire and humanitarian aid are secured in Gaza, Turkish Trade Minister Omer Bolat said. According to him, Israel’s “uncompromising …

Türkiye to trade imported LNG

Türkiye to trade imported LNG

Türkiye will begin trading liquefied gas imports. The law on this was adopted by the country's parliamentarians.

Director General of European Commission arrives in Baku

Director General of European Commission arrives in Baku

The European Commission's Director General for Neighbourhood and Negotiations arrived in Azerbaijan. During the visit, cooperation between the EU and Azerbaijan on the upcoming COP29, green energy, mine clearance and peace in the South Caucasus and other relevant topics will be discussed.

Türkiye halts all trade with Israel

Türkiye halts all trade with Israel

In April, Turkish authorities announced a reduction in trade ties with Israel. About a week later, the republic decided to stop all trade with the Jewish state.

Moscow cancels export duties on Russian coal

Moscow cancels export duties on Russian coal

Russia’s government waived export duties on coal for four months in a bid to support its domestic industry. The duties will be canceled from May 1 through August 31, the Russian government said. Russia had previously …

ExxonMobil offers Türkiye to buy U.S. gas

ExxonMobil offers Türkiye to buy U.S. gas

Türkiye is in talks with U.S. energy company ExxonMobil over a multibillion-dollar deal to buy liquefied natural gas, Turkish Energy Minister Alparslan Bayraktar said. Türkiye is seeking to build a …

Türkiye and Greece to be connected by new bridge

Türkiye and Greece to be connected by new bridge

Türkiye and Greece have reached an agreement on the construction of a new bridge connecting the checkpoints of the two countries in the Maritsa River area. The construction of the new 811-meter-long, four-lane bridge structure will …

Baku and Riyadh discuss cooperation in energy sector

Baku and Riyadh discuss cooperation in energy sector

The Minister of Economy of Azerbaijan held a meeting with the chief executive officer of one of the largest oil companies in the world in Saudi Arabia. The parties discussed a number of topics related to cooperation in the energy sector.

Bank of Russia leaves key rate unchanged once again

Bank of Russia leaves key rate unchanged once again

The Bank of Russia has decided to keep the key rate at 16% per annum again. On April 26, 2024, the Bank of Russia Board of Directors decided to keep the key rate at 16% per annum," the statement reads. …