Investment

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 Armenia investors’ club to build large HPP

Armenia investors’ club to build large HPP

The investors’ club, which is founded by Armenia's Prime Minister Karen Karapetyan, plans to build a new hydroelectric power plant (HPP) in the country. The draft of the respective agreement was approved …

Russian industrial zone in Egypt to cost $7 billion

Russian industrial zone in Egypt to cost $7 billion

Aroun $6,9 billion must be invested in order to create Russian industrial zone in Egypt, Russian Ministry of Industry and Trade reported. "This project should be finished in 13 years, it will be divided into three stages," the …

Hajigabul Industrial Complex to be built in Azerbaijan

Hajigabul Industrial Complex to be built in Azerbaijan

Azerbaijani President Ilham Aliyev has signed an order to provide funding for the creation of Hajigabul Industrial Complex. The complex will be developed and regulated by Azerbaijan Investment Company. The Cabinet …

Azerbaijani pharmacists to cooperate with foreign partners

Azerbaijani pharmacists to cooperate with foreign partners

Azerbaijan is holding negotiations with foreign investors for launching joint pharmaceutical production, the country's Ministry of Economy said in a statement. The negotiations are underway with pharmaceutical companies from Turkey, …

Azerbaijan's calls on to invest in development of tourism

Azerbaijan's calls on to invest in development of tourism

Azerbaijan is known as a safe, stable country and number of tourists has grown by 25% this year, the country's President Ilham Aliyev said at the meeting of the Cabinet of Ministers dedicated to results of socio-economic …

 Vladimir Putin: Russia's crisis is over

Vladimir Putin: Russia's crisis is over

Crisis in Russia is over, Russian President Vladimir Putin said during his annual Q&A call-in session, adding that Russia has moved to a period of growth.  "Recession in the Russian economy is over, …

Giorgi Gakharia: foreign business trusts Georgia

Giorgi Gakharia: foreign business trusts Georgia

Head of Georgia's Economy Ministry, Giorgi Gakharia, said that direct foreign investments in the country's economy are constantly increasing, which is unique for the region. He specified that the amount of …

Why will low inflation not save Russian economy?

Why will low inflation not save Russian economy?

The excessively rapid decline in inflation is not a healthy process, it will be rather a problem for Russia's economy, the head of Sberbank German Gref said during a broadcast on the Rossiya 24 TV channel. According …

Kvirikashvili meets with  Abdullah II

Kvirikashvili meets with Abdullah II

Jordan’s King Abdullah II discussed with Georgian Prime Minister Giorgi Kvirikashvili bilateral relations and means of developing them in various fields, especially in the economic domain.  The meeting discussed …

Best investment projects contest held in North Ossetia

Best investment projects contest held in North Ossetia

Winners of the "Best Investment Project" contest were awarded in North Ossetia. The contest was initiated by the Ministry of Industry and Trade of the republic to find new projects and ideas in the field of industry and …

Armenia to build 100 wind power plants

Armenia to build 100 wind power plants

Over 100 windmills will be built in Armenia, worth $350 million, Deputy Minister of Energy Infrastructure and Natural Resources Hayk Harutyunyan said. He said the government has already approved an investment program of an …