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Central Bank of Russia expecting decline in inflationary pressure due to tight monetary policy, cooling in lending activity
MOSCOW. Dec 20 (Interfax) - Inflationary pressure will begin to decline in the coming months due to the impact of tight monetary policy and the cooling of lending activity, the Central Bank of Russia ...
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Azerbaijan's AccessBank allocates $8.2 mln to confectionery manufacturer under program with EBRD
BAKU. Dec 20 (Interfax) - Azerbaijan's AccessBank has allocated a loan totaling 14 million manat, $8.2 million at the current exchange rate, to the AZZA confectionery and dairy producer to complete ...
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Russian economy's upward deviation from balanced growth trajectory remains significant - Central Bank
November, the Russian economy grew at a rate close to the 2024 Q3 figures. High domestic demand is still the main driver of growing economic activity. The upward deviation of the Russian economy from ...
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Russian pork association sees exports growing to 320,000-350,000 tonnes in 2025
"Therefore, if new Russian producers do not receive access in 2025, we forecast that exports to China will total 60,000-70,000 tonnes. But if another five or six companies are certified at the ...
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Czechia extends temporary protection for Ukrainian refugees
MOSCOW. Dec 20 (Interfax) - The Lex Ukrajina VII bill has passed the third reading at the Czech parliament to extend temporary protection for about 380,000 Ukrainian refugees currently in Czechia, ...
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Georgian interior minister appointed as deputy prime minister
TBILISI. Dec 20 (Interfax) - Georgian Prime Minister Irakli Kobakhidze signed a decree on Friday to appoint Interior Minister Vakhtang Gomelauri to the post of deputy prime minister.
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First cluster of EU accession talks with Ukraine could open in early 2025 - von der Leyen
Brussels will be ready to open the first cluster of EU accession talks with Kiev early next year if Ukraine keeps up the good work on its path toward membership in the EU, European Commission ...
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Construction of China-Kyrgyzstan-Uzbekistan railway to begin on Dec 27 - Kyrgyz president
Kyrgyzstan ratified the railway construction agreement with China and Uzbekistan on June 27. According to the agreement, the China-Kyrgyzstan-Uzbekistan railway will go through Kashgar (China), ...
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MTS to forego M&A in favor of reducing debt amid high interest rates, cut some staff
"MTS's key objective in the context of tight monetary policy will be to reduce its debt position over the coming year. In 2025, we plan to stay away from cost-intensive M&A deals," Vyacheslav ...
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Deadline for foreign gas buyers to arrange working with Gazprombank deferred to April
The deputy CEO of gas giant Gazprom , Famil Sadygov said that, "in light of the many requests of foreign gas buyers [...] they have been granted a deferral for making payment to an account at the ...
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European sanctions on Russian LPG imports fully in force now as transitional period ends
The European Union restricted Russian LPG imports on December 18, 2023 as part of its 12th package of sanctions against Russia. The new measures took effect the following day. However, the ...
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European Council asks European Commission to help strengthen Moldova's energy sector
BRUSSELS. Dec 20 (Interfax) - The European Council discussed the situation in the energy sector of Moldova, which has EU candidate status, at its meeting in Brussels on Thursday, instructing the ...