Economy of Russia

The Hellenic Investment and Trade Company, also known as Enterprise Greece, participated in 45 business meetings at the International Hotel Investment Forum (IHIF) from April 15 to 17 in Berlin. 

Amid widespread speculation about the impending collapse of the Russian economy, recent assessments by economists suggest a different narrative emerging.

The ambassadors representing European Union member states have given their approval for the implementation of the 13th package of sanctions targeting Russia. According to the Belgian presidency, which made the announcement, these sanctions are expected to be among the most comprehensive yet.

The 12th Arab-Hellenic Economic Forum on "Greece and the Arab World: Embracing Change" will take place on December 13-14 in Athens.

The Russian ruble's wobble in value has exposed a crack in President Vladimir Putin's fortress economy, a vulnerability quickly plastered over by the Kremlin's economic team in a move that allowed the currency to regain its footing, at least for now.

Russia's central bank yesterday raised its key interest rate by 3.5 percent, a move designed to fight inflation and strengthen the ruble after the country's currency reached its lowest value since early in the war with Ukraine.

The decision was announced after an emergency meeting of the bank's board of directors was called a day earlier as the ruble declined.

Russia has increased the quota of tomatoes to be imported from Türkiye by 150,000 tons, the local media have reported.

With a decree issued by the Russian Agriculture Ministry, the annual import quota has been raised from 350,000 tons to 500,000 tons.

"The probability of Gazprom requesting and winning an arbitration case against Bulgaria has been minimized. We are thinking in the direction of filing claims against 'Gazprom'", acting Minister of Energy Rosen Hristov said on the National Television regarding the suspension of natural gas deliveries from Russia in 2022.

The Turkish Petroleum Pipeline Corporation (BOTAŞ) has dismissed reports in certain Turkish media outlets speculating that the company will be taken over by Russia's Gazprom.

The claims suggesting that BOTAŞ may be sold or transferred to a country or to a company are untrue," BOTAŞ said in a statement.

British energy giant BP reported Tuesday a net profit of $8.2 billion for the first quarter, recovering from a record loss a year earlier as it ended operations in Russia after the Ukraine invasion.