Armenia is learning the right lessons from its ongoing recession and should respond to it with radical reforms in order to return to the path of robust economic growth, a senior World Bank official said on Friday.
“When 30 percent of the economy is composed of income produced in one sector — [...]
The International Monetary Fund has warned that it could freeze further financial assistance to Armenia if the authorities in Yerevan continue to heavily intervene in the local financial market to prop up the national currency, the dram.
The Central Bank of Armenia (CBA) admitted intensifying its monetary interventions this month but insisted [...]
Armenia is fully complying with an agreement to import natural gas from neighboring Iran, Energy Minister Armen Movsisian said on Thursday, denying claims to the contrary made by Iranian officials.
Rasul Salmani, a top executive from Iran’s national gas exporting company, was quoted by the ISNA news agency as saying late last week [...]
The International Energy Agency (IEA) says the world is facing an oversupply of natural gas and predicts gas prices will fall in coming years.
Paris-based IEA says in its annual World Energy Outlook, published today, that global gas supplies are rising faster than demand.
The report states that “global gas markets have evolved from [...]
The president of Iraq’s Kurdish regional government (KRG) described to European lawmakers on November 10 the differences his government has with the Baghdad government, RFE/RL reports.
Masud Barzani spoke before the European Parliament’s Foreign Affairs Committee, noting disagreements his government has with Baghdad over the rights and profits from oil and gas reserves, much of which [...]