Russia's annual inflation reaches 7,17 percent
The year-on-year inflation figure "may be adjusted following the release of Rosstat's September data on October 9
Economy
Former Ingushetia economic development minister to stand trial for fraud
A trial in the case of the republic's former minister of economic development will begin soon in Ingushetia
Gold futures price falls below 4,100 per ounce
Despite the local correction, gold is trading near record highs
Freight traffic on Azerbaijan Railways up 11 percent this year
The company reports that 20% more cargo was transported along the East-West corridor this year, while freight traffic on the North-South corridor increased by 26%
Türkiye develops its own satellite communication system
Astralink will feature its own proprietary signal format and chips
Armenia will find no better gas terms anywhere, Russian Foreign Ministry says
"If they do manage to find anything, it will be loans that increase Armenia's debt burden, which, given the republic's current level of public debt, is already substantial, to put it mildly,” Kalugin said
Baku plans to lay second fiber-optic cable across Caspian Sea
The AzerTelecom CEO noted that given current demand growth rates, scalability and channel capacity are not the only factors that matter
UAE becomes fullfledged partner of EAEU nations
With the EAEU‑UAE economic partnership agreement now in force, trade between the bloc and the country is expected to grow by at least $5–6 billion in the medium term.
Islamic banking could become permanent in Russia
The Central Bank is discussing options for the permanent regulation of Islamic banking in Russia, with two approaches currently under consideration.
Gold hits weekly low on Comex
During trading on the Comex exchange, the price of December gold futures fell below $4,150 per ounce for the first time since September 28
Mirzoyan, Araghchi discuss TRIPP
Ararat Mirzoyan, Armenia's Minister of Foreign Affairs and International Trade, met with Iran's Foreign Minister Abbas Araghchi in Tehran
Russia's three-year budget draft resilient to any economic scenario
The head of the Finance Ministry emphasized that the base price of Urals crude will fall from $59 per barrel this year to $50 over the upcoming three-year period
Global trade to feel effects of Iran war for a long time - Reshetnikov
According to Maxim Reshetnikov, global trade will experience the negative effects of the US‑Israeli war with Iran over a prolonged period.
Georgia to upgrade its rolling stock
Expecting higher freight volumes on the Middle Corridor, Georgia plans to modernise its railway fleet by purchasing 45 electric freight locomotives and 10 passenger trains for 250 million lari.
Middle East oil and gas shipments return to prewar levels - Reuters
Oil exports from the Middle East have increased, reaching and exceeding pre-war levels; daily exports stood at approximately 20 million barrels by late September, compared with 18 million barrels prior to the conflict involving the US, Israel, and Iran.
Russia made no Turkish orange purchases in August
In August, Russia purchased no Turkish oranges. Nevertheless, imports for the first eight months of 2026 were higher than a year earlier.
TurkStream sets nine-month record for gas exports to Europe
The TurkStream gas pipeline set a record for the volume of Russian gas exports to Europe during the January–September 2026 period.
Armenia approves 2027 draft state budget
At its meeting today, the Armenian government approved the draft state budget for 2027, projecting a deficit of nearly half a billion drams and an inflation rate of 3-4%.
Peace in South Caucasus opens new economic opportunities - Jabbarov
According to Economy Minister Mikayil Jabbarov, the establishment of peace in the South Caucasus has opened a new economic dimension for the region.
Global oil prices fall
This morning, Brent crude fell to $96.69 per barrel and WTI dropped to $88.90, while the price of Azeri Light rose to $112.29 per barrel.
