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Manufacturers Union chief: energy prices may soar after Vorotan sale

Manufacturers Union chief: energy prices may soar after Vorotan sale

August 20, 2014 - 16:06 AMT  12:06 GMT
“With the effective work of the HPP, the sale makes no sense, but rather becomes an economic mistake,” Vazgen Safaryan said.
Czech firm to build livestock breeding facility in Artsakh

Czech firm to build livestock breeding facility in Artsakh

August 19, 2014 - 11:35 AMT  07:35 GMT
The Czech businessmen said the location will adequately provide all of the necessary resources required for the project.
Bulgaria halts South Stream gas pipeline project

Bulgaria halts South Stream gas pipeline project

August 19, 2014 - 11:17 AMT  07:17 GMT
The South Stream pipeline is expected to carry Russian gas across the Black Sea to Southern and Central European countries.
China says Mercedes guilty of manipulating spare parts price

China says Mercedes guilty of manipulating spare parts price

August 18, 2014 - 17:29 AMT  13:29 GMT
Overseas companies in the pharmaceuticals, technology and food sector have also faced investigation in recent months.
EU pledges $168mln to assist producers hit by Russia's ban

EU pledges $168mln to assist producers hit by Russia's ban

August 18, 2014 - 15:57 AMT  11:57 GMT
The Commission aims to compensate producers who decide to not harvest some of their goods or give products away for free.
PM instructs entrepreneurs to boost Armenian exports to Russia

PM instructs entrepreneurs to boost Armenian exports to Russia

August 16, 2014 - 14:50 AMT  10:50 GMT
Agriculture Minister said the Russian move opened up new opportunities for Armenian farmers and food-processing companies.
Eurozone growth flatlines in the second quarter

Eurozone growth flatlines in the second quarter

August 14, 2014 - 18:12 AMT  14:12 GMT
German GDP contracted by 0.2% in the three months to the end of June, figures show, after growing by 0.7% in the first quarter.
French economy posts zero growth for second straight quarter

French economy posts zero growth for second straight quarter

August 14, 2014 - 11:44 AMT  07:44 GMT
Sapin had previously stuck to the government's forecast of 1 percent growth this year since he came into office in April.
Oil prices mixed after IEA slashes demand outlook for 2014, 2015

Oil prices mixed after IEA slashes demand outlook for 2014, 2015

August 13, 2014 - 14:33 AMT  10:33 GMT
Cutting its demand outlook for this year and next, the IEA said "the oil market today looks better supplied than expected".
Japan's economy sees biggest fall since 2011

Japan's economy sees biggest fall since 2011

August 13, 2014 - 10:37 AMT  06:37 GMT
On a quarterly basis, the economy contracted 1.7% in the second quarter after a 1.5% rise in the first three months.
Pharmaceutical giant GlaxoSmithKline faces bribery claims in Syria

Pharmaceutical giant GlaxoSmithKline faces bribery claims in Syria

August 12, 2014 - 14:42 AMT  10:42 GMT
The U.S. Department of Justice is already investigating GSK for possible breaches of the Foreign Corrupt Practices Act.
Volkswagen recalls over 150,000 Tiguan cars over fuel pump defect

Volkswagen recalls over 150,000 Tiguan cars over fuel pump defect

August 11, 2014 - 10:14 AMT  06:14 GMT
The automaker earlier recalled 18,526 Routan minivans over ignition problems that could cause the engine to suddenly shut off.
Russia, China agree currency swaps to cut dependence on U.S. dollar

Russia, China agree currency swaps to cut dependence on U.S. dollar

August 9, 2014 - 14:38 AMT  10:38 GMT
A currency swap is widely used and allows simultaneously exchanging a specific amount of one currency for another currency with two different settlement dates.
Turkey hopes to boost food exports to Russia

Turkey hopes to boost food exports to Russia

August 8, 2014 - 15:28 AMT  11:28 GMT
Büyükekşi said they thought Moscow’s move “would create an opportunity” for Turkish exporters to increase their trade with Russia.
World's oldest surviving bank reports heavy loss

World's oldest surviving bank reports heavy loss

August 7, 2014 - 22:51 AMT  18:51 GMT
In June, MPS raised 5bn euros on the stock market which it used to pay back state aid and boost its financial situation.
Italy's economy falls back into recession, figures show

Italy's economy falls back into recession, figures show

August 6, 2014 - 15:56 AMT  11:56 GMT
Separate figures showed industrial output increased by 0.9% from May to June, the biggest increase in five months.
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