The Russian ruble has become the world's top-performing currency in the first half of the year, according to an analysis of global trading data. It surged nearly 45% against the U.S. dollar.
Oil prices hit their lowest in two weeks today as a freshly announced Iran-Israel ceasefire began to allay investor concerns over supply and shipping disruptions in the oil-rich Middle East.
The Baku branch of Iran’s Melli Bank (National Bank) has fully resumed its operations after a period of inactivity in Azerbaijan. The branch has restarted issuing loans and accepting deposits, marking a full return to regular …
Türkiye has raised its key rate again, breaking a series of consecutive rate cuts over the past three meetings of the country's Central Bank.
Money transfers from Russia to Georgia totaled $93 mln in January-March, which is 1.9 lower than in the same period last year, according to figures provided by the National Bank of Georgia. Money transfers to Georgia from various …
The leadership of Azerbaijan intends to increase funding for the areas liberated from occupation. Last year, about $2.3 billion was allocated for these purposes.
The Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) have allocated $2 million in funding for the Caspian Green Energy Corridor project, which involves Azerbaijan, Kazakhstan, and Uzbekistan, Azerbaijan's …
Germany plans to support the World Health Organization with an additional 2 million euro following the U.S. withdrawal from the international organization, …
After a six-year hiatus, the Türkiye-EU High-Level Economic Dialogue is set to resume in Brussels on April 2. The decision to revive the dialogue was made at the EU General Affairs Council meeting last December and later approved …
Remittances sent by individuals from Azerbaijan to Kazakhstan amounted to $8.58 million in 2024, according to the Central Bank of Azerbaijan/ This figure grew by 14% compared to 2023. The volume of money remittances of …
The United States has agreed to extend a sanction waiver on Gazprombank, which would allow Turkey to continue buying Russian natural gas until May, …
U.S. President Donald Trump has instructed U.S. Secretary of the Treasury Scott Bessent to reassess the existing U.S. sanctions policy as it undermines the dollar's role as the world's reserve currency, according to Bessent. …
The technological payment method is planned to be introduced in late March
The United States' pause on foreign aid contributions is having a serious impact on global health, World Health Organization …
Clubs worldwide spent a record $2.35 billion on international transfers in men's soccer in the January window, nearly a 58% increase from last year, FIFA …
Azerbaijan's trade turnover with CIS countries from January to July 2024 surpassed $6.9 billion, representing 14.55% of the total foreign trade turnover. …
By the end of 2025, the first branch of a Russian bank will open in the capital of Iran, Tehran. VTB will transform its representative office in Iran into a branch. It will support foreign economic activity for Russian and Iranian companies.
In 2024, Azerbaijan strengthened and developed its economy, the republic achieved significant macroeconomic figures, Azerbaijani President Ilham Aliyev said in his address on the occasion of New Year. According to …
Azerbaijan has allocated more than 19 billion manats for the restoration of Karabakh and East Zangezur, and the implementation of the Great Return Program will continue to be a priority for us, Azerbaijani President Ilham Aliyev in …
The Russian government approved a list of regions and territories where mining will be banned from January 1, 2025. The restrictions will remain in …
