Russian financiers prepare to enter Kazakh market
Russian financial group Finam may soon enter the Kazakhstani financial market, as the trader is already in talks to buy a brokerage company in Kazakhstan.
finances in the East
Chinese bank opens representative office in Tashkent
It will serve the clients from 8 countries of the South Caucasus and Central Asia
Russia-China trade increasing
Trade turnover between Russia and China increased by 2.8% in January-October year-on-year to $202.2 bln, the General Administration of Customs of the People's Republic of China reported. Exports from Russia to China added 1.1% in …
Turkish banks resume opening accounts for Russians
Turkey's state-owned banks continue to open accounts for Russian citizens, but if certain conditions are met, including a Turkish residence permit and a work …
Ilham Aliyev: Azerbaijan is a reliable country between Asia and Europe
Ilham Aliyev said that Azerbaijan had invested more than $20 billion in the economy of the Turkic states. He noted that the country made a valuable contribution to the work of the East-West corridor.
Former Sberbank subsidiary in Kazakhstan could be acquired by new investor
An investor from Qatar is evaluating Kazakhstan's Bereke Bank - a former subsidiary of Sberbank, chairman of the Agency for Regulation and Development of the Financial Market of Kazakhstan Madina Abylkasymova said.
Islamic banking in Uzbekistan has great future
There are great prospects for the development of Islamic banking in Uzbekistan, since most of the population is Muslim. This tool is able to attract up to $10 billion to Uzbekistan per year.
Türkiye raises minimum wage again
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.
Tatneft acquires Turkish filling station network
Tatneft has acquired a large network of filling stations in Türkiye
Russia becomes main importer of Turkish citrus fruits
In the first three months of this year, citrus exports from Türkiye increased by 12% and amounted to $351 million. Russia, Ukraine and Poland became the main importers of Turkish fruits.
Iran's foreign trade increases in seven months
The value of Iran’s non-oil export rose 5.6% during the first seven months of the current Iranian calendar year (March 21-October 22) as compared to the same period of time in the past year, the spokesman of the Islamic Republic of Iran …
Türkiye to ignore G7 sanctions against Russian oil
Ankara can purchase and transport Russian oil without the need for Western financing or insurance, Treasury and Finance Minister Nureddin Nebati said. When asked whether Turkish buyers would comply with the requirements of the G7 …
Central bank of Türkiye lowers interest rates again
The Central Bank of Türkiye has decided to cut the discount rate from 13% to 12%, the regulator's press service reports. "The Monetary Policy Committee has decided to lower the rate at weekly repo auctions (a short-term …
Payment in rubles to benefit Russia and Turkey, Erdogan says
Turkish President Recep Tayyip Erdogan, in an interview with reporters, spoke about the talks with Russian leader Vladimir Putin, which took place in Sochi. He noted that the parties reached an agreement on the start of the transition …
Sberbank to cooperate with Iranian bank
Commercial bank Bank Melli Iran has signed cooperation agreements with Russia's Sberbank, Iranian Press TV reported. It is noted that the memorandum was signed by the CEO of Bank Melli Iran Mohammad Reza Farzin, who is on a visit to …
Another Turkish bank begins accepting Mir cards
The fourth largest bank in Turkey has joined the acceptance of cards of the Russian payment system "Mir", ATOR reports. At the end of May, DenizBank was added to the credit organizations Ziraat Bankası, Vakıfbank and Iş …
Reebok sells its business in Russia to Turkish retailer
Turkey's online shoe store FLO and an American fitness footwear and clothing manufacturer Reebok have signed a cooperation deal: the new owner now has 100 Reebok stores in Russia. The Russian-Turkish deal's three …
Russian Mir card may be recognized in Iran
Iranian Ambassador to Russia Kazem Jalali said that Tehran is discussing with Moscow the Mir payment system recognition. "This issue is on the agenda, which we are discussing with our Russian colleagues," RIA Novosti quoted …
New banknotes to be issued in Uzbekistan
The Central Bank of Uzbekistan in 2024 will put into circulation a 200 thousand soums banknote. "A lot of people say the issue of new bills is an indication of inflation. No, it is not. We simply exchange old bills for …
Erdoğan: Turkey's minimum wage to grow by 50% next year
Turkish President Recep Tayyip Erdogan today announced the new minimum wage in the country for 2022, which will be 4250 liras. "The national minimum wage for the coming year is 50% higher than the current rate. We …
