Russia's Central Bank decided at its board of directors meeting on Friday to raise its key interest rate by 100 basis points to 13%. The Central Bank said that inflationary pressure in the Russian economy remains high. The …
In the republics of the North Caucasus, the popularity of e-commerce is growing
Russia and Georgia have increased trade by almost a quarter since the beginning of 2023. The export of Georgian goods to Russia has also grown by more than 25%, Georgia supplies water, wine and cars. Russia sells oil, gas and flour.
Russia’s government and the Bank of Russia have drafted a decree on unblocking a chunk of foreign assets to be exchanged for Russian …
Russia’s central bank sharply made a large interest rate hike of 3.5% at an emergency meeting on Tuesday. The decision to bring the key rate to 12% was announced after an emergency meeting of the bank’s board of …
According to the agreements concluded by the Islamic Republic with the USA, Iran will get access to $6 billion previously frozen by South Korea.
Four Armenian and three Georgian banks have suspended interaction with the Unistream payment system. "Ardshinbank has stopped making money transfers using the Unistream system. We apologize to our clients and propose …
Banks of Kazakhstan and Uzbekistan have suspended cooperation with the Unistream payment system, which fell under US sanctions. Earlier this was done by Georgian and Armenian banks.
Since the beginning of the year, Georgia has increased its foreign trade by more than 20% compared to last year's figures. The country's imports of goods amounted to $7 billion, while its exports was $3 billion.
For the second time in 6 months, Türkiye will increase the minimum wage. It will grow by 34% from July 1. This decision will increase the purchasing power of citizens.
Türkiye has increased the transit fee it charges commercial ships to use the Istanbul and Çanakkale Straits, in accordance with the rights granted to it by the Montreux Convention, Turkish Transport and Infrastructure Minister …
The sales of Turkish ready-to-wear clothes reduced by 5% from January to May this year. Over the past 12 months, the country exported goods worth $20.7 billion.
The state budget of Azerbaijan for 2023 will provide 5.2 billion manat ($3 billion) for expenses related to accelerating construction, restoration and reconstruction work in Azerbaijan’s Karabakh and Eastern Zangazur districts, …
Türkiye's newly appointed economy chief Mehmet Şimşek said macro-financial stability would be the top priority, stressing "vital importance" to bring inflation down to single digits, increasing predictability and accelerating …
Tehran announced its readiness to sell its defense and military products. The Iranian Armed Forces plan to develop relations with other countries in various fields.
Emin Agalarov is preparing the opening of an Azerbaijani cuisine restaurant in Derbent. The businessman plans to invest in the resort infrastructure in Dagestan in general.
The license of Azerbaijan's Gunay Bank OJSC has been revoked, according to the Central Bank of Azerbaijan. By the decision of the Board of Directors of Azerbaijan's Central Bank on May 16, 2023, the license of Gunay Bank …
Sberbank plans to expand its ATM network in Crimea to 80 installations in May-June, head of the Sales Network blockTatyana Galkina said. Now, there are about 30 Sberbank ATMs in Crimea. "We plan to expand the network of …
Tatneft has acquired a large network of filling stations in Türkiye
Russia is getting ready to launch a digital ruble - the Bank of Russia plans to test it on a small number of real customers, after which it will be offered to a wide range of users, Russia's Central Bank Governor …
