Economy

27 May. 21:25

Iran plans to increase trade turnover with Russia to $10 billion

The volume of trade between Russia and Iran could be be increased to $10 billion, according to Tehran.

27 May. 15:30

Lavrov announces sustainable development Russia-Turkey trade cooperation

The cooperation between Russia and Turkey in trade and investment is developing stably, Russian Foreign Minister Sergey Lavrov said at negotiations …

27 May. 15:00

Ilham Aliyev visits Lachin region

Today, President of Azerbaijan Ilham Aliyev arrived in the Lachin region and opened various production facilities. The head of state attended …

27 May. 12:00

Saudi Arabia and Kuwait announce new oil discovery

Saudi Arabia and Kuwait have announced a new oil discovery in the so-called Partitioned Zone between the two OPEC heavyweights which share equally output from the area.

27 May. 9:30

Novak predicts key rate cut

The high key rate of the Bank of Russia is temporary and the current monetary policy will soften next to inflation downward trend, Russian Deputy Prime Minister Alexander Novak said at the Caucasus Investment Forum.

27 May. 9:00

CPC may boost oil pumping to 81 mln tons per year

The Caspian Pipeline Consortium (CPC) could boost the volume of pumping oil from 67 million tonnes per year to 81.5 million tonnes per year, the Kazakh government's press service said.

26 May. 22:35

OPEC+ meeting postponed to Saturday

OPEC+ countries have postponed their June meeting to discuss the production plan for July. It will now take place a day earlier than planned.

26 May. 14:30

What are risks of economic overcooling in Russia?

The current situation points to risks of overcooling in the Russian economy, while inflation is slowing down, Russia's Economic Development Minister Maxim Reshetnikov said during a meeting of the State Duma Committee on Budget and Taxes on …

25 May. 10:45

Iran accelerates construction of Rasht-Astara railway

The construction of the Rasht-Astara railway, which is part of the North-South transport corridor, will be accelerated by the authorities, the Iranian parliament announced.

24 May. 18:30

EU considers tightening price cap for Russian oil

Another initiative from Brussels is to disconnect over two dozen banks from SWIFT

23 May. 15:25

EAEU intends to eliminate trade barriers with Serbia

A seminar with the participation of representatives of the EAEU countries was dedicated to the development of cooperation with Serbia. There is a free trade zone agreement between the parties.

23 May. 12:25

Azerbaijan increases trade turnover with Hungary

Since the beginning of the year, the volume of trade operations between Azerbaijan and Hungary amounted to $14.6 million. Azerbaijan exported products worth $1.1 million to Hungary.

23 May. 10:55

Inflation in Türkiye: Central Bank maintains forecast for 2025

This year, according to the forecast of the Central Bank of the country, inflation in Türkiye will remain at 24%. Next year, inflation is expected to decrease by half.

23 May. 9:45

Armenia and ADB discuss cooperation issues for coming years

A representative of the Asian Development Bank (ADB) held a meeting in Armenia with the Deputy Prime Minister of the Republic. The central topic of the discussion was the cooperation between Yerevan and the bank.

22 May. 21:50

Karabakh and Eastern Zangezur to become region with zero carbon footprint

The Karabakh and Eastern Zangezur regions of Azerbaijan, liberated from occupation and currently undergoing restoration, may soon achieve zero carbon emissions. Green energy is actively used in these territories.