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Economy

Coffee producer Tchibo left the Russian business
09:46, Friday, 12 August, 2022
The fourth coffee producer in the world, the German Tchibo GmbH, left the Russian business and ceased to own Chibo CIS LLC, follows from the data of ...
1507 | 0
In the Ukraine war, a battle for the nation’s mineral and energy wealth: WP
22:30, Thursday, 11 August, 2022
Less than 100 miles east, artillery salvos pound Ukrainian defensive positions as Russian forces inch forward. But below the surface of this ...
2201 | 0
Coca-Cola estimated the losses from leaving Russia
15:42, Thursday, 11 August, 2022
Coca-Cola HBC AG said on Thursday it incurred a one-time hit of 190 million euros ($195.36 million) in the first-half due to costs related to its ...
1717 | 0
EU slaps sanctions on former Ukraine leader Yanukovych
12:30, Friday, 05 August, 2022
The EU member states imposed sanctions Thursday on Ukraine's ousted pro-Russian former president Viktor Yanukovych and his son Oleksandr for their ...
2027 | 0
UN welcomes new centre to put Ukraine grain exports deal into motion
20:42, Thursday, 28 July, 2022
The Secretary-General has underscored the importance of the parties working in partnership directly to effectively implement the Black Sea Grain ...
3018 | 0
Taliban to buy 350,000 tons oil from Iran
19:36, Saturday, 23 July, 2022
According to the Finance Ministery of the Taliban, the contract has been signed in order to reduce the price of fuel in Afghanistan. Earlier, a ...
3188 | 0
IMAX has officially confirmed its departure from Russia
18:36, Saturday, 23 July, 2022
IMAX Corporation left Russia on June 1, 2022. Roman Isaev, member of the Board of the Association of Cinema Owners, announced today.“I am ...
3130 | 0
Turkey: Ukraine grain export deal to be signed in Istanbul
22:54, Thursday, 21 July, 2022
Turkish officials say a deal on a U.N. plan to unblock the exports of Ukrainian grain amid the war and to allow Russia to export grain and ...
2585 | 0
Russia resumes gas flows via Nord Stream, Europe still wary
16:36, Thursday, 21 July, 2022
Russia resumed pumping gas via its biggest pipeline to Europe on Thursday after a 10-day outage, the operator said, allaying Europe's immediate ...
2927 | 0
Swedish-Swiss electrotechnical concern ABB leaves Russia
15:36, Thursday, 21 July, 2022
The Swedish-Swiss concern ABB, which specializes in the field of power engineering and electrical engineering, is leaving the Russian market. This ...
2072 | 0
Exclusive: Russia seen restarting gas exports from Nord Stream 1 on schedule
22:00, Tuesday, 19 July, 2022
Gazprom is expected to restart gas flows through the Nord Stream 1 pipeline on Thursday, after the completion of a 10-day maintenance that has put ...
3990 | 0
EU executive proposes import ban on Russian gold, tweaks on food trade
18:54, Tuesday, 19 July, 2022
The European Commission, the EU executive, formally proposed on Friday its latest package of sanctions against Moscow, including an import ban on ...
2499 | 0
Zelensky Takes Aim at Hidden Enemy: Ukrainians Aiding Russia
13:24, Tuesday, 19 July, 2022
Even as it engages in fierce fighting with Russia on the battlefield, Ukraine is also waging war on a different, more shadowy front: rooting out ...
3972 | 0
Ameriabank Receives Euromoney Award for Excellence as the Best Bank in Armenia for 2022
14:54, Monday, 18 July, 2022
Euromoney has named Ameriabank the Best Bank of Armenia in its Awards for Excellence 2022, which were announced at a ceremony in London. The ...
2071 | 0
H&M says to wind down business in Russia
12:00, Monday, 18 July, 2022
H&M the world’s second-biggest fashion retailer, said on Monday it had decided to wind down its business in Russia, joining a growing list ...
2539 | 0
European Commission proposes ban on Russian gold
14:18, Saturday, 16 July, 2022
The European Union has targeted Russian gold exports in a seventh package of sanctions proposed by the European Commission on July 15. The ...
2684 | 0
World Bank urges to ease anti-Russian sanctions
11:18, Saturday, 16 July, 2022
The leaders of the World Bank, the Food and Agriculture Organization, the International Monetary Fund (IMF) and the World Trade Organization (WTO) ...
3295 | 0
It became known when the EU will adopt the seventh package of sanctions against Russia
10:30, Tuesday, 12 July, 2022
A new package of sanctions against the Russian Federation for the war in Ukraine will be formed and adopted in the coming weeks. Since February, ...
2551 | 0
Electrolux Professional to exit Russia
12:42, Monday, 11 July, 2022
Following the assessment that business continuity in Russia, in the current situation, is not feasible, Electrolux Professional is to cease its ...
2157 | 0
The next beneficiary of ''The Power of One Dram'' is ''QaylTech'' company
12:42, Friday, 08 July, 2022
On July 6, Idram, IDBank and the "reArmenia" platform signed a memorandum of cooperation, by which they agreed regularly include the projects of ...
2595 | 0
Idram and IDBank: AMD 9.107.498 was transferred to "Children of Armenia" fund
19:42, Wednesday, 06 July, 2022
IDBank and Idram have summed up the results of the next program of the “Power of one dram” initiative: the entire amount of “one ...
2213 | 0
Japan imposes new anti-Russian sanctions, including a ban on gold imports
10:12, Tuesday, 05 July, 2022
New anti-Russian sanctions approved by the Japanese government. This was announced on July 5 by the press service of the Japanese Ministry of ...
2375 | 0
Order Mastercard Standard and Mastercard Gold and use the preferential credit line
15:30, Thursday, 30 June, 2022
From July 1 to October 1 of this year, within the framework of IDSalary package, by ordering Mastercard Standardand Mastercard Gold cards of IDBank ...
3120 | 0
Gazprom cancels dividend for first time since 1998, shares dive
15:24, Thursday, 30 June, 2022
Russian gas giant Gazprom has decided not to pay dividends on last year’s results, the first time it will not pay out since 1998, sending its ...
2656 | 0
Finnish tire manufacturer Nokian Tires will stop the plant in Russia
00:36, Wednesday, 29 June, 2022
The Board of Directors of Nokian Tires decided to leave the Russian market and stop the largest enterprise in Vsevolozhsk. It produces 80% of all ...
2381 | 0
Michelin to transfer Russian operations to local management
14:12, Tuesday, 28 June, 2022
French tyre maker Michelin said on Tuesday (Jun 28) that it plans to hand over its activities in Russia to a new entity under local management by ...
2373 | 0
Elevator maker Kone divests Russia business
13:42, Tuesday, 28 June, 2022
Finnish elevator maker Kone said on Tuesday it will sell its business in Russia to local management for an undisclosed amount. The firm had ...
2333 | 0
Holiday Inn hotel chain owner announces exit from Russia
22:54, Monday, 27 June, 2022
The British company IHG, which owns the Holiday Inn hotel chain, announced its withdrawal from Russia. This is stated on the company’s ...
2317 | 0
Japan to impose sanctions on another 160 Russian individuals and legal entities
10:12, Monday, 27 June, 2022
The Japanese government will expand individual and export sanctions against Russia, Prime Minister Fumio Kishida said at a G7 summit in Germany, ...
2146 | 0
Russia in historic foreign debt default, reports suggest
09:00, Monday, 27 June, 2022
Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctions that shut ...
3888 | 0