trade

European gas prices reach $ 1150

European gas prices reach $ 1150

On the Thursday session, gas futures prices in Europe reached $ 1,150 per 1,000 cbm. According to the London ICE stock exchange, by the end of the trades, the price of February delivery amounted to $ 1,146.8. That is 7.2% higher than …

Oil rises sharply for the first time since mid-November

Oil rises sharply for the first time since mid-November

On Thursday, the price of the Texas oil benchmark exceeded $ 80 per barrel - for the first time since November 17. According to trading data, on January 6, the global oil prices rally accelerated to 2-3%.  At 17.20 Moscow time, the …

Georgia,Turkey hold talks

Georgia,Turkey hold talks

Georgia and Turkey have successfully completed negotiations on the liberalization of tariffs for agricultural products, the press service of the Georgian Ministry of Economy reports. The countries are important trading partners, and …

Russian-Iranian trade turnover grew 1.4 times

Russian-Iranian trade turnover grew 1.4 times

The trade turnover between Russia and Iran in the first six months of this year increased by 39.9% compared to the same period last year,  the trade mission of the Russian Federation in Iran informs, citing data from the Federal Customs …

Uzbekistan expects trade restart with Afghanistan

Uzbekistan expects trade restart with Afghanistan

Trade and economic ties between Tashkent and Kabul should recover soon, despite the aggravation of the situation in Afghanistan caused by the shift in power, Director of Termez Cargo Center, the largest logistical terminal in South Uzbekistan, …

Turkey-China commerce moves forward despite Covid

Turkey-China commerce moves forward despite Covid

Turkey and China have managed to further develop and diversify their growing trade relationship despite the COVID-19 pandemic as they celebrate the 50th anniversary of diplomatic ties this year. The two countries established diplomatic relations in 1971, and since then, their ties have intensified on political, cultural, and economic levels

Brent oil climb to $ 69 for the first time since March 15

Brent oil climb to $ 69 for the first time since March 15

On Tuesday, on the London ICE exchange, the price of Brent crude oil exceeded $ 69 per barrel for the first time since March 15. Brent oil futures for delivery in July reached $ 69.04 (+ 2.19%), Brent futures traded at $ 68.88 per …

Turkey-Azerbaijan trade to reach $15B

Turkey-Azerbaijan trade to reach $15B

An increase in the mutual investments and commissioning of a free trade agreement (FTA) could easily pave the way for Turkey and Azerbaijan to reach as much as $15 billion (TL 121 billion) in bilateral trade volume, Turkey’s Trade Minister Ruhsar Pekcan said Friday. Pekcan's remarks came as she and the accompanying delegation arrived in Baku to meet with Azerbaijani officials and hold talks on bilateral relations, Daily Sabah writes

China overtakes U.S. as Europe’s main trading partner

China overtakes U.S. as Europe’s main trading partner

China dethroned the U.S. last year to become Europe’s top trading partner for the first time, data from the European statistics office has shown, CNBC informs. European Union exports to China grew by 2.2% last year and imports rose by 5.6%. In comparison, exports to the U.S. dropped by 8.2% and imports fell by 13.2%. The latest figures, released Monday by Eurostat, showed that China now has an even bigger role in how European economies perform

Armenia closes its market in response to opening of borders

Armenia closes its market in response to opening of borders

Turkish goods will remain banned in Armenia at least until the end of the year, and most likely, the embargo will be maintained until Armenian importers replace them with goods from other countries or establish domestic production, Armenian …

Price of nationalism: Turkish goods disappear from Armenian stores

Price of nationalism: Turkish goods disappear from Armenian stores

Following Ankara’s strong backing of Azerbaijan in the recent war, Yerevan is banning many Turkish goods. Outside the Mavi clothing store in Yerevan, a giant sign reads: “70 percent liquidation!” Stocks are running low, an employee told Eurasianet, as the store gets ready to close its doors. On December 31, a ban on Turkish imported goods goes into effect in Armenia. And that includes the Mavi shop, an outpost of the global Turkish fast-fashion chain

Russia remains Azerbaijan's top trading partner in CIS region

Russia remains Azerbaijan's top trading partner in CIS region

Russia was Azerbaijan's largest foreign trade partner in the Commonwealth of Independent States (CIS) region in the first nine months of 2020, despite a decline in the overall trade turnover compared to the same period in 2019.

Armenia bans import of Turkish goods in 2021

Armenia bans import of Turkish goods in 2021

Armenia will ban the import of Turkish goods for six months from January next year due to Ankara's position on the Nagorno-Karabakh conflict, the Armenian Economy Ministry said. The decision will take effect on December 31, …

Trump decides to terminate China trade deal

Trump decides to terminate China trade deal

U.S. President Donald Trump decided to terminate the China trade deal amid growing conviction of intelligence officials that the coronavirus pandemic originated in a Wuhan lab, White House trade adviser Peter Navarro said. …

China approves imports of live poultry from U.S.

China approves imports of live poultry from U.S.

China has approved the import of all poultry products from the United States, the Ministry of Agriculture and Rural Affairs said on its website, including breeding birds in addition to poultry meat approved late last year. Beijing …