Stories related to finance and economics.
Last week on 29 November, the PMC Research Center published a study revealing that a quarter of all Georgians aged 15-24 do not work or study. Such people are also known as NEET: ‘not engaged in education, employment, or training’.
Russian Deputy Prime Minister Alexander Novak stated on Sunday that Moscow will not adhere to the price cap of $60 per barrel imposed by the G7 on the sale of Russian oil to non-EU countries, and will reduce production in order to make up for lost exports.
Novak also argued that the price cap mechanism contravenes World Trade Organization rules, would cause a decrease in energy investment, and could potentially lead to worldwide shortages and further market disruption.