Russian steel major Mechel was able to refinance a loan from several foreign banks in the amount of $1 billion through the provision of a credit line in EUR from VTB bank maturing in April 2022, Mechel’s press service said in a statement this week, according to RBC.
Analysts from...
Uzbekistan may very well be the best under-the-radar investment story in the world today. But the transformation spearheaded by the country's new president, Shavkat Mirziyoyev, from socialism to capitalism should put the $50 billion economy on investors radar screens, Forbes writes.
The country is famous for the ancient cities of...
China has become a world leader in the new technologies and bilateral cooperation in this field is “of great importance for Kazakhstan,” said Kazakh President Kassym-Jomart Tokayev delivers remarks at the Kazakhstan-China Business Council in Beijing, EURACTIV reported.
“We are interested in creating joint innovative enterprises, technology parks and IT...
Russia's trade surplus decreased 6.2 percent year on year to 104.8 billion U.S. dollars in January-July this year, the Russian Federal Customs Service said Wednesday, according to Prime news agency.
The trade surplus in the first seven months was 6.9 billion dollars less than during the same period last year,...
The European Union has decided to extend sanctions against Russian and Crimean officials as well as companies and groups accused of undermining Ukraine's sovereignty and independence, RBC Ukraine reported.
"The Council has extended the restrictive measures over actions undermining or threatening the territorial integrity, sovereignty and independence of Ukraine...
Despite an ongoing slowdown in GDP growth, there is no question of the Russian economy going into recession, Deputy Finance Minister Vladimir Kolychev said on Thursday, according to Reuters.
Last week, the Russian central bank lowered its 2019 economic growth projection to 0.8%-1.3% from an earlier forecast of 1.0%-1.5%.
Kolychev said...
The Minister of International and Foreign Economic Affairs of Russia's Sverdlovsk Region Vasily Kozlov praised Azerbaijan as an important trade and economic partner of Russia in the South Caucasus, according to Trend news agency.
Speaking to reporters in Azerbaijan’s capital Baku, Kozlov noted that about 50 percent of Russia's trade...
Russia’s debt-to-GDP ratio has turned negative for the first time since its economy was hit by Western sanctions in 2014, thanks to steadily growing gold and foreign currency reserves, RT reports.
Public debt is the broadest definition of debt and includes the more narrowly defined external debt, as well as...
The pace of growth of the Russian economy observed at the moment does not correspond to forecasts and "to what we are striving for," Russian Prime Minister Dmitry Medvedev said in a debate program on TV channel Russia 24 on Wednesday.
According to the PM, Russia has all necessary resources...
U.S. Senate Majority Leader Mitch McConnell last month blocked a measure that would have used Treasury Department funds marked for Appalachian development to help pay for coal miners’ health care and pensions in his home state of Kentucky, Alternet reports.
Now the miners are angry because just a few months...
