Turkish Central Bank raises key rate to 46%
Türkiye has raised its key rate again, breaking a series of consecutive rate cuts over the past three meetings of the country's Central Bank.
finances
Money transfers from Russia to Georgia down
Money transfers from Russia to Georgia totaled $93 mln in January-March, which is 1.9 lower than in the same period last year, according to figures provided by the National Bank of Georgia. Money transfers to Georgia from various …
More than $11.5 billion to be spent on restoration of liberated territories in Azerbaijan
The leadership of Azerbaijan intends to increase funding for the areas liberated from occupation. Last year, about $2.3 billion was allocated for these purposes.
Caspian Green Energy Corridor to be funded by ADB and AIIB
The Asian Development Bank (ADB) and the Asian Infrastructure Investment Bank (AIIB) have allocated $2 million in funding for the Caspian Green Energy Corridor project, which involves Azerbaijan, Kazakhstan, and Uzbekistan, Azerbaijan's …
Germany pledges more money for WHO after U.S. withdrawal
Germany plans to support the World Health Organization with an additional 2 million euro following the U.S. withdrawal from the international organization, …
Ankara resumes economic dialogue with Brussels
After a six-year hiatus, the Türkiye-EU High-Level Economic Dialogue is set to resume in Brussels on April 2. The decision to revive the dialogue was made at the EU General Affairs Council meeting last December and later approved …
Azerbaijan's remittances to Kazakhstan reach $8.5mln in 2024
Remittances sent by individuals from Azerbaijan to Kazakhstan amounted to $8.58 million in 2024, according to the Central Bank of Azerbaijan/ This figure grew by 14% compared to 2023. The volume of money remittances of …
Turkey gets U.S. sanction waiver extension for Russian gas
The United States has agreed to extend a sanction waiver on Gazprombank, which would allow Turkey to continue buying Russian natural gas until May, …
Trump instructs to review U.S. sanctions policy
U.S. President Donald Trump has instructed U.S. Secretary of the Treasury Scott Bessent to reassess the existing U.S. sanctions policy as it undermines the dollar's role as the world's reserve currency, according to Bessent. …
Sberbank starts testing QR code payments in Türkiye
The technological payment method is planned to be introduced in late March
WHO asks U.S. to resume aid funding
The United States' pause on foreign aid contributions is having a serious impact on global health, World Health Organization …
FIFA says transfer spending reached record levels in 2025
Clubs worldwide spent a record $2.35 billion on international transfers in men's soccer in the January window, nearly a 58% increase from last year, FIFA …
Azerbaijan boosts trade turnover with CIS nations
Azerbaijan's trade turnover with CIS countries from January to July 2024 surpassed $6.9 billion, representing 14.55% of the total foreign trade turnover. …
VTB branch to open in Tehran
By the end of 2025, the first branch of a Russian bank will open in the capital of Iran, Tehran. VTB will transform its representative office in Iran into a branch. It will support foreign economic activity for Russian and Iranian companies.
Azerbaijan's foreign exchange reserves exceed external debt by 14 times
In 2024, Azerbaijan strengthened and developed its economy, the republic achieved significant macroeconomic figures, Azerbaijani President Ilham Aliyev said in his address on the occasion of New Year. According to …
Azerbaijan to increase investments in Karabakh from $11bln to $13.5bln
Azerbaijan has allocated more than 19 billion manats for the restoration of Karabakh and East Zangezur, and the implementation of the Great Return Program will continue to be a priority for us, Azerbaijani President Ilham Aliyev in …
Russia's Cabinet bans cryptocurrency mining
The Russian government approved a list of regions and territories where mining will be banned from January 1, 2025. The restrictions will remain in …
National Statistics Office reveals Georgia's average salaries
Average monthly nominal earnings in Georgia increased by 10.9% in the third quarter of 2024, rising by 201.3 lari to reach a total of 2,056.7 lari compared to the same quarter in the previous year, the National Statistics Office (Sakstat) …
Armenia to be deprived of vote in CSTO for debts
Armenia has stopped fulfilling its financial obligations in the CSTO
Bidzina Ivanishvili gets $1.13bln richer
Wealth of the ruling Georgian Dream - Democratic Georgia party's founder Bidzina Ivanishvili estimated at $7.73 billion, according to Bloomberg Billionaires Index. Since the beginning of 2024, Ivanishvili's …
