Economics and Finance Situation Reports

Armenia: Country To Join Customs Union

Armenia has decided to join the Russian-led Customs Union, Armenian President Serzh Sarkisian announced Sept. 3, Radio Free Europe/Radio Liberty reported.
Tuesday, September 3, 2013 - 11:30

Iran: Oil Minister Orders Revamp Of Energy Contracts

New Iranian Oil Minister Bijan Namdar Zanganeh has ordered the revision and wider review of energy contracts with the aim of making them more attractive to foreign investors, a National Iranian Oil Co. official told Shana news agency, Reuters reported Sept. 1.
Sunday, September 1, 2013 - 08:03

Russia: Oil Firms To Cut Supplies To Belarus

The Russian government Aug. 28 ordered its oil companies to cut deliveries to Belarus by about a quarter after Belarus arrested Vladislav Baumgertner, the CEO of Russian potash firm Uralkali, earlier the week of Aug. 26, Reuters reported.
Wednesday, August 28, 2013 - 11:16

Turkey: Lira Hits Another Historic Low

The Turkish lira continued to fall against the dollar Aug. 28 due to the increased possibility of an airstrike against Syria, Hurriyet reported.
Wednesday, August 28, 2013 - 03:50

Sri Lanka: Cooperation Agreements Signed With Belarus

Sri Lankan President Mahinda Rajapaksa met Aug. 26 in Minsk with his Belarusian counterpart, Alexander Lukashenko, Colombo Page and Adaderana reported.
Tuesday, August 27, 2013 - 06:31

Turkey: Lira Weakens After U.S. Signals Possible Syria Intervention

The Turkish lira weakened to 2.0051 against the dollar on Aug. 27 after the United States signaled a possible military intervention in Syria, Reuters reported.
Tuesday, August 27, 2013 - 05:36

South Africa: 90,000 Workers Strike

Approximately 90,000 members of the National Union of Mineworkers in South Africa declared an indefinite nationwide strike Aug. 26, a spokesman for the union said, Times Live reported.
Monday, August 26, 2013 - 08:37

Indonesia: Measures Unveiled To Stop Economic Turmoil

Indonesia unveiled measures Aug. 23 aimed at boosting confidence in the economy as the rupiah fell to its lowest level since early 2009, Channel NewsAsia and The Strait Times reported.
Friday, August 23, 2013 - 08:12

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