Iran to connect its Ardabil rail with Azerbaijan
Efforts will be made to connect the railway of Ardabil Province, located in northwestern Iran, to the railways of Azerbaijan, the new Iranian ambassador Mojtaba Demirchilu said.
Economy
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Azerbaijan to start supplying gas to Germany
The State Oil Company of Azerbaijan (SOCAR) and the German SEFE state energy company have inked a 10-year deal to secure a steady stream of natural gas.
Russia to help Iran develop peaceful nuclear energy
President of the Atomic Energy Organization of Iran (AEOI) Mohammad Eslami has announced that Russia will construct eight nuclear power plants in Iran under a previously signed contract between the two countries.
Modern container terminal opens in Poti
The opening ceremony of the container terminal of the new multimodal complex took place in the Georgian city of Poti yesterday.
Saudi Arabia's large-scale plans revealed in U.S.
OPEC+’s oil-output hikes are part of a Saudi strategy that will see the kingdom embark on a long but shallow price war designed to recapture market share, Bank of America Corp.’s head of commodities research Francisco Blanch said.
Israel to continue buying oil from Azerbaijan
Azerbaijan has assured Israel that it will continue supplying it with oil. At the same time, Israel is not included in the list of countries purchasing Azerbaijani oil in the official documents of the Azerbaijan Republic.
Kazakhstan to choose NPP construction partner by end of month
Kazakhstan is choosing a partner for the construction of its first nuclear power plant. Its name will be announced by the end of this month.
Russia's investments in Georgia up up 2.7-fol din 2025
Direct investments from Russia to Georgia’s economy amounted to $19.2 mln in Q1 2025, which is 2.7 times higher than in the same period last year, according to data released by the Georgian National Statistics Service.
Russia-China trade turnover declines
Trade turnover between Russia and China fell by 8.2% in January-May 2025 year-on-year to $88.796 bln, the General Administration of Customs of China reported.
Russian ruble named best-performing currency
The Russian ruble has staged a stunning rally in 2025, emerging as the world’s top-performing currency so far this year. In the midst of a special operation, declining oil prices and stiff sanctions, Russia’s ruble has been rising, CNBC reported.
Beijing and Washington to discuss trade in London
Delegations of the US and Chinese governments will hold trade talks in London. Donald Trump noted that the USA has made significant progress in the agreement with China.
Port of Baku establishes ties with Chinese Guangdong province
A representative delegation from China recently arrived in Azerbaijan for this purpose
Export duty on Russian wheat to decline
The export duty on Russian wheat will be 652.5 rubles per tonne starting June 11, down 37.5% from 1,023.5 rubles per tonne in the current week, the Russian Agriculture Ministry said.
China may open household appliance plant in Azerbaijan
The Chinese Youkai company may open a plant in Azerbaijan, the head of the company Huang Ping said on the sidelines of the Azerbaijan-China Economic and Trade Cooperation Conference.
Trump’s policies could cost U.S. tourism industry $12B
The U.S. economy could lose out on billions of dollars this year as President Trump’s policies hamper the tourism industry, Bloomberg reported.
Russian Central Bank lowers key rate to 20%
The Central Bank of Russia has changed the key rate for the first time this year, reducing it to 20%.
Gazprom increases gas supplies to Uzbekistan by 4.4 times
Russian gas exports to Uzbekistan increased 4.4 times in 2024. In 2023, Gazprom supplied almost 1.3 billion cubic meters to the republic.
Merz: Nord Stream 2 was a mistake
The construction of the Nord Stream 2 gas pipeline, through which Russian gas was supposed to flow to Germany, was a mistake, the German Chancellor said during a meeting with Donald Trump.
Uzbekistan agrees with Iran on investments in port of Shahid Rajaei
Tehran and Tashkent have agreed on a partnership within the framework of a logistics center project in Shahid Rajaei in southern Iran.
Azerbaijan multiplies its oil exports
Azerbaijan exported 4.38 million tons of crude oil and crude oil products derived from bituminous rocks to Italy from January through April 2025, according to the Azerbaijani State Customs Committee.
