MOSCOW. Nov 19 (Interfax) - The Russian government has proposed to change the mineral extraction tax (MET) deduction for Rosneft's Vankor oil field so that the rate does not depend on the base oil ...

BAKU. Nov 19 (Interfax) - Severstal has developed a strategy to transition to steel production that has less impact on biodiversity, the head of the Russian steelmaker's environment department, Olga ...

PJSC Astra Group , the parent of a group of Russian companies that develop infrastructure software, including the Astra Linux operating system, increased its revenue by 84% to 8.6 billion rubles in ...

MOSCOW. Nov 19 (Interfax) - MTS Bank has updated its development strategy for the period to 2027 and plans to diversify its business model by accelerating the development of daily banking, with a ...

The BRICS countries have drafted a special memorandum for partnership on carbon markets and it is expected to be signed before the end of 2024, the director of multilateral economic cooperation and ...

MOSCOW. Nov 19 (Interfax) - Russia's Finance Ministry has proposed a number of amendments to the Tax Code that would ease requirements for fulfilling investment agreements to modernize oil refineries ...

MOSCOW. Nov 18 (Interfax) - New decisions to restrict exports of strategic raw materials from Russia to unfriendly countries, similar to recent ban on supplying enriched uranium to the United States, ...

Transneft is currently subject to the general profit tax rate of 20%, which is set to go up to 25% for all Russian companies as of January 1, 2025 under federal legislation passed this year.

CHISINAU. Nov 18 (Interfax) - The National Bank of Moldova (NBM) will use the euro as the reference currency for setting the leu's official exchange rate from January 2, 2025, replacing the dollar, ...

BAKU. Nov 18 (Interfax) - The State Oil Company of the Azerbaijani Republic (SOCAR) plans to increase its share of Bulgaria's gas distribution market to 7.5%, for which it and M-Gaz on November 16 ...

"Last week, the Albanian Infrastructure and Energy Ministry, Albgaz and SOCAR signed a memorandum of cooperation aimed at developing gas infrastructure in Korce. The feasibility study for the project ...

BAKU. Nov 18 (Interfax) - Azerbaijan boosted gas exports 4.6% year-on-year to 20.7 billion cubic meters of gas in January-October 2024, the Energy Ministry said, citing operational data. Energy ...