Economics

Georgia has no plans to give up its role of transit country supplying Russian gas to Armenia, Prime Minister Mamuka Bakhtadze told reporters on Friday when asked whether the transit agreement with the Russian gas producer Gazprom on Russian gas supplies to Armenia via Georgia that expired on December 31, 2018, would be revised....

Oil prices for 18 January: WTI Crude Oil (Light Sweet) price at NYMEХ Stock Exchange stood at $52.21 per barrel. Brent Crude Oil price at London’s IСE Stock Exchange stood at $61.15 per barrel. Barrel is the unit of measurement of oil volume. One barrel equals to 159.98 liter. New York’s NYMEХ (New York Merchantile Exchange) is ...

Non-ferrous and minor metals prices for 18 January: “Armenpress” reports the price of aluminum up by 1.64% to $1858.00, copper price up by 1.34% to $6045.00, lead price up by 1.02% to $1982.00, nickel price up by 1.26% to $11640.00, tin price up by 0.36% to $20700.00, zinc price up by 3.05% to $2569.00, molybdenum price stood at...

USA main indexes values for 18 January: “Armenpress” reports the value of Dow Jones up by 1.38% to 24706.35 points, S&P 500 up by 1.32% to 2670.71 points, Nasdaq up by 1.03% to 7157.23 points. The Dow Jones Industrial Average is one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charl...

European main indexes values for 18 January: “Armenpress” reports the value of German DAX up by 2.63% to 11205.54 points, French CAC 40 up by 1.70% to 4875.93 points, British FTSE up by 1.95% to 6968.33 points, and Russian RTSI up by 1.67% to 1176.42 points. The German Stock Index is a total return index of 30 selected German bl...

Precious metals prices for 18 January: “Armenpress” reports the price of gold futures is stood at $1291.95, silver futures is stood at $15.54, while platinum futures is stood at $810.50. The measurement unit is 1 troy ounce (31.1 grams). New York’s NYMEХ (New York Merchantile Exchange) is a US futures market founded in 1882. Cur...

Romania’s national flag carrier “Tarom” will conduct direct Bucharest-Yerevan flights starting from April 3. This will be an affordable option for Armenians to visit other European countries by transit. ARMENPRESS reports the flights will start from April 3, for now twice a week. “We hope to increase the number of flights by Jun...

Georgia is not planning to renounce its role as a transit country for Russian gas supplies to Armenia, ARMENPRESS reports Georgian PM Mamuka Bakhtadze told reporters on January 18 in Tbilisi, answering the question if Georgia plans to revise the agreement with Gazprom on gas supplies to Armenia. The agreement expired on December...

Asian main indexes values for 18 January: “Armenpress” reports the value of Japanese NIKKEI up by 1.29% to 20666.07 points, Japanese TOPIX up by 0.93% to 1557.59 points. Chinese Shanghai Composite up by 1.42% to 2596.01 points, and HANG SENG up by 1.25% to 27090.81 points. The Nikkei-225 Stock Average is a price-weighted average...

Acting minister of energy infrastructures and natural resources of Armenia Garegin Baghramyan on January 18 held a meeting with Giovanni Rubini, Chief Executive Officer at Italy’s Renco S.p.A., the ministry told Armenpress. At the meeting Giovanni Rubini provided information about the works carried out for the construction of ne...