Construction of Georgian section of East-West Highway continues
The highway has currently been built over approximately 325 km
economy news
US says implementation of Armenia critical minerals memorandum has begun
The memorandum on rare earth metals and critical minerals was formally signed during a meeting between Armenian Foreign Minister Ararat Mirzoyan and US Secretary of State Marco Rubio
Dollar falls below 83 rubles on interbank market
The euro fell 0.96% to 94.349 rubles
Astana, Berlin to cooperate on oil and gas supplies to Europe
The presidents of Kazakhstan and Germany adopted a declaration following the Kazakh leader's visit to Germany
Iranian rial falls to record low
Iran’s official exchange rate is kept in check by the government and differs significantly from the actual market rate
Armenia faces serious downturn in agriculture
Armenian authorities forecast a significant decline in the country’s agricultural sector by the end of 2026
Moscow, Tehran discuss energy cooperation
The head of the Russian Ministry of Energy held a meeting with Iran’s oil minister
Saudi Arabia resumes oil exports via East-West pipeline
After state-owned Saudi Aramco tested the pipeline, the oil supplies abroad via the route were fully restored
Former deputy central bank governor arrested in Türkiye over stock market case
Former deputy governor of the Central Bank of Türkiye Erkan Kilimci and over 50 other people have been detained as part of the criminal investigation
Ilham Aliyev inaugurates hydropower plant in Lachin district
The capacity of plant is 3.2 MW
Moscow, Baku step up constructive energy dialogue, Novak says
Russian Deputy Prime Minister Alexander Novak met with Azerbaijani Deputy Prime Minister Shahin Mustafayev
Georgia sets record for imports of Russian tea
Georgian companies purchased 26 tonnes of tea in Azerbaijan
EU Council extends sanctions against 3,000 people and entities linked to Russia
They will remain in effect until September 2029
Russian agriculture ministry assesses Armenias trade prospects in Europe
The Armenian government said it would help producers redirect exports to European countries
Georgia and Armenia central banks agree to expand cooperation
A meeting between National Bank of Georgia President Natia Turnava and Central Bank of Armenia Governor Martin Galstyan was held in Tbilisi
Pashinyan seeks Russian help to expand Yerevan metro
He stressed that a comprehensive economic analysis of the possible options had shown that Russian companies were the best and most cost-effective contractors
Two new small hydropower plants to be built near Agdere
Baku is developing Karabakh’s energy infrastructure as part of its Great Return projects to make the region self-sufficient in electricity
US military says 2,000 ships escorted through Persian Gulf
About half of the vessels were tankers, carrying a combined cargo of about 1 bln barrels of oil
Azerbaijan, ADB discuss energy cooperation
Azerbaijan’s Energy Minister Parviz Shahbazov held a meeting with the Executive Director of the Asian Development Bank (ADB) Board of Directors
Dagestan to receive support to deal with aftermath of spring floods, Matviyenko says
She stressed that the disaster caused extensive damage to infrastructure and affected over 3,000 residential buildings
