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President of the Republic of Azerbaijan Ilham Aliyev has attended a conference on outcomes of the first year of implementation of the "State Program on socio-economic development of districts of the Republic of Azerbaijan in 2014-2018".
Russian President Vladimir Putin and Managing Director of the International Monetary Fund (IMF) Christine Lagarde had a telephone conversation to discuss issues of international assistance in overcoming the profound financial and economic crisis in Ukraine.
Prime Minister of Turkey Ahmet Davutoglu and President of Ukraine Petro Poroshenko during a meeting in Davos have discussed bilateral cooperation and financial assistance to Kiev. "Territorial integrity and sovereignty are important not only for you, but also for the whole world," the head of the Turkish government said.
Interview by Maria Sidelnikova, exclusively for Vestnik Kavkaz
Shell Oil ex-President John Hofmeister said that oil prices at the end of 2015 could rise to $80-100 per barrel and the demand will exceed the supply, as in 2009. IMF experts predict that the average price for oil would total $56.73 per barrel in 2015 and $63.88 in 2016. The average price in 2014 was $96.26 per barrel. The IMF forecasts an economic fall of 3% in Russia in 2015 and 1% in 2016.
according to the Economist
Russia has every reason to demand early repayment from Ukraine of the loan of $3 billion, as at the moment a number of indirect data state that Ukraine's GDP has increased 60%.
A mission of the International Monetary Fund (IMF) has arrived in Ukraine today. IMF officials said in late 2014 that the mission was continuing work on reforms to stabilize the economy of Ukraine and maintain sustainable economic growth. Negotiations between the mission and members of the Ukrainian government will probably continue until the end of January, TASS reports.
According to the IMF and Fitch, Iran and Venezuela will be the main sufferers of low oil prices, their budget expenses need oil prices of $130.7 and $117.5 per barrel respectively. The critical level in Russia is $98 per barrel, Watchdog.org reported.The minimal desirable oil price in Iran has not been calculated due to its concealed economic indicators. Bread in the republic has become 30% more expensive since December 1.
Today at the opening of the first conference on the Iranian economy, which started its work in Tehran, President Hassan Rouhani said that Iran's economy should get rid of rent-seeking and grow in a competitive environment, the Iranian news agency IRNA reports.
Ukrainian President Petro Poroshenko and German Federal Chancellor Angela Merkel discussed international economic aid to Ukraine by telephone on Saturday, the Ukrainian president’s press service said,
Ukrainian President Petro Poroshenko has held a telephone conversation with Christine Lagarde, Managing Director of the International Monetary Fund (IMF). They discussed the Ukrainian economic situation, as well as the fulfilment of the obligations by the sides within the IMF programme, the Ukrainian presidential press service said on Saturday.
Kazakhstan is afraid of another devaluation of the national currency
Foreign Policy magazine published an article by Jamila Trindle entitled "Who Will Foot the Bill in Ukraine?" devoted to the economic crisis the former Soviet republic is facing. "When it comes to fighting the economic battle over Ukraine, the West has been much more willing to hit Russia in its pocketbook than play sugar daddy to Kiev," the article begins.
New Ukrainian ministers to get support from IMF and WB
Georgia turned out to be dependent on the situation on the Russian foreign exchange market
