Armenia to receive over $170 million from IMF
The International Monetary Fund (IMF) has approved credit support of over $175 million for Armenia, with disbursements scheduled over a three-year period.
finances
U.S. offers returning Russia's assets frozen by West - report
The U.S. administration has opposed the European Union’s initiative to use frozen Russian assets to fund Ukraine via a reparations loan, Politico reported, citing senior European diplomats.
Baku and Beijing deepen financial cooperation
Azerbaijan and China have held discussions on expanding cooperation in the financial sector, Governor of the Central Bank of Azerbaijan Taleh Kazimov said.
Armenia's GDP grows by 6%
According to the Eurasian Development Bank (EDB), Armenia's GDP increased by 6% this year, driven primarily by growth in the financial, IT, and construction sectors.
Russia's international reserves grow by $14 billion in a week
The Central Bank of Russia has reported substantial expansion in national foreign currency reserves, with total international reserves now reaching $734 billion.
Azerbaijan's Great Return program budget to reach $13 bln by end of 2025
Azerbaijani Finance Minister Sahil Babayev said that nearly $13 billion will be earmarked for the reconstruction of the territories reclaimed from occupation as part of the Great Return program by the end of 2025.
Baku hosts IX International Banking Forum
The IX International Banking Forum is being held in Baku today. The event runs under the motto “Reliable, Secure, and Sustainable Banking.”
Belgium partially unfreezing Russians’ assets - report
Belgian depository Euroclear has begun unfreezing Russian investors’ assets without obtaining a license from the Office of Foreign Assets Control (OFAC), RBC news agency reported quoting a large broker that deals with the unfreezing of such assets.
ADB approves over $233 mln loan to Georgia
The Asian Development Bank (ADB) approved a $233.2-million loan to help expand access to reliable, safe water supply services in rural areas of Georgia.
UN to slash its global peacekeeping force
The United Nations will cut a quarter of peacekeepers in nine operations around the world in the coming months due to a lack of money, senior U.N. officials said.
U.S. may cut security funds for countries bordering Russia - report
The United States will phase out some security assistance for European countries near the border with Russia, sources said.
Trump plans to take control of Gaza for 10 years
The White House is reportedly considering a plan to pay Palestinians $5,000 to relocate for 10 years while the Gaza Strip is transformed into the “Riviera of the Middle East” envisioned by U.S. President Donald Trump.
Iran plans to denominate rial
Members of a committee of the Iranian parliament have voted in favor of a motion to reform the country’s national currency by removing four zeros from it and restoring an old currency subdivision named qiran.
Russian ruble emerges as record-breaking strongest currency in 2025
The Russian ruble has become the world's top-performing currency in the first half of the year, according to an analysis of global trading data. It surged nearly 45% against the U.S. dollar.
Oil and gas prices drop after Israel-Iran ceasefire reached
Oil prices hit their lowest in two weeks today as a freshly announced Iran-Israel ceasefire began to allay investor concerns over supply and shipping disruptions in the oil-rich Middle East.
Baku branch of Iran's National Bank resumes operations in Azerbaijan
The Baku branch of Iran’s Melli Bank (National Bank) has fully resumed its operations after a period of inactivity in Azerbaijan. The branch has restarted issuing loans and accepting deposits, marking a full return to regular …
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.
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 …
