Russia receives over 400 mln rubles from UEFA, FIFA
The RFU was transferred funds for the past year in the amount of 3.7 bln rubles
finances
Georgia to built new highway to border with Armenia
The European Investment Bank will help Georgia with the construction of a new highway leading to the border with Armenia. The cost of the project will be a quarter of a billion euros.
BRICS states may integrate payment systems
Member states of the BRICS group of nations are discussing Iran’s initiative to integrate their national payment systems within the group’s framework, Russia's Deputy …
Mir payment system launched in Myanmar
The Mir payment system has started limited functioning in certain restaurants and shopping centers in Myanmar, the Russian Embassy in the country said. …
Islamic Development to finance major projects in Uzbekistan
Uzbekistan's Ambassador Nodirjon Turghunov held a meeting with Director of the Operations Policy and Services Department at the Islamic Development Bank (IDB) Anasse Aissami. The parties discussed further accelerating cooperation …
Russia, Azerbaijan consider de-dollarization of mutual settlements
The RIAC Director General spoke about possibility of complete abandonment of the dollar in bilateral Russian-Azerbaijani trade and replacing it with rubles and manats
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 …
Bank of Georgia purchases Armenia's Ameriabank
Armenia's Ameriabank has announced the completion of the transaction for its purchase by the Bank of Georgia Group and a change of shareholders. The Armenian bank says on its website that its new shareholders are Bank of Georgia …
Georgia raises growth forecast for Georgian economy in 2024
TBC Capital has raised its forecast for Georgian economic growth in 2024. The company has reported that the country's economic growth will exceed 6%. In February, Georgia's economy grew by 9.5%.
Moscow to allocate 120 mln rubles for centenary of Ingushetia
The Russian government allocated 120 mln rubles in the form of a budget subsidy for the celebration of the centenary of Ingushetia, organized on behalf of President Vladimir Putin
Zurabishvili and Kobakhidze to receive highest salaries in Georgia
Next year, salaries of government members and deputies in Georgia will be calculated using a new formula. The President and the Prime Minister will earn the most.
Turkish banks resume opening accounts for Russians
Turkey's state-owned banks continue to open accounts for Russian citizens, but if certain conditions are met, including a Turkish residence permit and a work …
Transfer spending by football clubs reaches record high in 2023
Clubs worldwide spent a record $9.63 billion on international transfers in 2023, an increase of nearly 50% compared to 2022, FIFA said. After transfer spending fell in 2020 and 2021 due to the financial impact of the COVID-19 pandemic, …
Israel to transfer frozen funds designated for Gaza to third-party country
Israel's cabinet approved a plan for frozen tax funds earmarked for Gaza to be held by Norway instead of transferred to the Palestinian Authority, officials said. Istaeli Prime Minister Benjamin Netanyahu said the cabinet …
Turkish banks to use 'inflation accounting'
Turkey's banks and other financial institutions will have to wait until 2025 to apply inflation-adjusted accounting to their balance sheets, the BDDK banking watchdog said. "It has been decided that banks, …
Azerbaijani oil price rising
The price of Azeri Light Azerbaijani oil on the world market increased by $2.75 or 3.4% to $83.45, Trend reported, citing the source from the country's oil and gas market. The Azeri Light crude oil price based on CIF in the Italian …
Azerbaijani-Turkish investment forum opens in Baku
Azerbaijani-Turkish investment forum has kicked off in Baku. The forum will evaluate potential to increase Azerbaijani-Turkish collaboration in …
Central Bank of Azerbaijan lowers interest rate
Azerbaijan's Central Bank (CBA) has lowered the benchmark interest rate from 8.5% to 8%. According to the CBA …
Bank of Russia raises key rate at last meeting in 2023
The board of directors of the Bank of Russia raised its key rate from 15% to 16% per annum at this year’s last meeting, noting that the return of inflation to target in 2024 assume that tight monetary conditions will be maintained in the …
Ilham Aliyev: Azerbaijan is a reliable country between Asia and Europe
Ilham Aliyev said that Azerbaijan had invested more than $20 billion in the economy of the Turkic states. He noted that the country made a valuable contribution to the work of the East-West corridor.
