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The second container train carrying freight from Turkey, consisting of 42 containers each 40 feet long, has arrived in China's Xi'an. The transportation, which plays a key role in rail freight between China and Europe, was …
In Kazakhstan, in 2021, a phased transition to online sales of investment and collectible coins from precious and base metals begins. The National Bank explained this step by a desire to protect citizens from coronavirus infection. At …
The Georgian Parliament has approved a state budget of 18.4 billion GEL for 2021 at an extraordinary session yesterday. The state budget includes over 890 million GEL expenditures for quarantine, testing and …
At its last meeting this year, the Bank of Russia decided to once again retain the key rate at 4.25% per annum, according to the regulator’s press release. It indicates a more significant and lasting impact of one-off …
The International Monetary Fund (IMF) Executive Board has completed the Seventh Review of Georgia’s economic reform programme supported by a four-year extended arrangement under Extended Fund Facility (EFF) and approved a disbursement of …
Finance Minister Anton Siluanov said on Wednesday that the decision by OPEC+ last week to gradually increase oil output would help Russia to fulfil its budget revenue plan and also potentially grow its sovereign wealth fund, Reuters reports. …
For the first time in many years, the use of the services of the International Bank of Azerbaijan (IBA) has become available in the territories of Azerbaijan liberated from occupation, the IBA said. Thus, a mobile ATM of the IBA has …
Russian technology company Yandex has negotiated acquisition of Tinkoff Bank with TCS Group, the parent company of the bank, TCS Group says in its statement at the London Stock Exchange. The transaction amount will be $5.48 bln or …
One of the discussed socio-economic topics this week was the initiative of Dmitry Medvedev, deputy head of the Russian Security Council, chairman of the United Russia party, to introduce a minimum guaranteed income for all citizens in Russia. …
The German government believes that it is inappropriate to link the implementation of Nord Stream 2 with the situation around blogger Alexei Navalny, Ulrike Demmer, deputy government spokesperson and deputy head of the Press and Information …
Chief executive of Russia’s Sberbank German Gref said that the Russian ruble may strengthen at 60-62 rubles per dollar at year end. According to him, Russia's national currency is closely related to oil prices, but they …
Russian banks received a record low net profit of 500 million rubles in May, Russia's central bank chairwoman Elvira Nabiullina said at the State Duma. According to her, in January–May, banks earned a net profit …
The Saudi central bank said it provided 50 billion riyals ($13.3 billion) to support liquidity in the banking sector, according to a statement on twitter on Monday. The stimulus measure was introduced to help banks support and …
The Pentagon has notified Congress that Ukraine's government has made the necessary progress on key institutional reforms, thereby justifying an additional $125 million in new military assistance, including patrol boats armed with …
UEFA allocated €236.5 million ($256 million) to 55 member associations over the financial struggles from the coronavirus outbreak, European football’s governing body said. ''The UEFA Executive Committee gives the …
The Executive Board of the International Monetary Fund approved relief on debt service for 25 member countries that are eligible for support from the Catastrophe Containment and Relief Trust (CCRT), the IMF said. The approval …
Direct foreign investments in Russia’s non-banking sector during Q1 2020 reached only $0.2 billion, according to data from the Central Bank. For comparison, that figure in Q1 2019 was $10.3 billion, making for a more …
The World Bank said it had increased to $14 billion the amount of fast-track financing available to members to respond to the global coronavirus pandemic, adding $2 billion to an initial package announced on March 3. The change …
Head of the Russian Accounts Chamber Alexey Kudrin commented on the U.S. Federal Reserve's announcement of cutting the key interest rate to near-zero. "The U.S. Federal Reserve is being proactive," Kudrin …
Russia's gasoline prices will not drop after the oil price slide, but their increase is also unlikely, Deputy Finance Minister Alexei Sazanov said. "I do not think that the gasoline prices will fall but they …
