finances

 IMF praises Georgian government's work

The International Monetary Fund (IMF) praised the first phase of the development process of a recently approved $285 million, large-scale technical assistance program of the IMF for Georgia. The program aims to support the …

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VIM-Avia’s debt exceeded 10 billion rubles

VIM-Avia’s debt exceeded 10 billion rubles, Russia’s Transport Minister Maxim Sokolov said, noting that the fate of the company lied in the hands of creditors. The minister stressed that the airline …

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Nabiullina: Russia’s banking system stable

Russia’s banking system is stable, the Central Bank Chief Elvira Nabiullina said in an interview aired by the Rossiya-24 TV news channel. "The banking system is stable. We have to monitor general indicators …

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Gref: Turkey to start accept 'Mir' cards in 2018

Sberbank CEO and Chairman of the Board German Gref expects that Russia's "Mir" payment cards will be accepted in Turkish payment terminals in 2018. "I hope that next year we will be able to accept Mir …

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Sberbank withdraws from Europe

Russia's Sberbank plans to leave the market of certain European countries due to sanctions imposed on it, Sberbank CEO and Chairman of the Board German Gref said.

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Russia’s central bank decides on B&N Bank

  Russia’s central bank said that it will nationalise B&N Bank in the second rescue of a top lender in three weeks. B&N asked for a rescue package yesterday after running into financial difficulties …

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US Fed keeps base interest rate at 1-1.25%

The US Federal Reserve System acting as the national central bank has kept the base interest rate at the level of 1-1.25%, the Federal Open Market Committee said after the meeting. Bloomberg poll revealed that only five of one hundred …

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US Fed to decide fate of dollar and ruble

Analysts give different predictions on results of the two-day session of the U.S. Federal Reserve System. The Fed is not expected to increase discount rate at tomorrow's disclosures, but it can give information about reducing its balance …

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Is Russia’s B&N Bank on brink of collapse?

Russia’s B&N Bank, the owner of Russia’s 12th biggest lender by assets, has asked the central bank for a bailout, the regulator said today. The central bank said B&N Bank’s owners, a holding group controlled by …

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Russia to save on pensioners

According to the Russian Ministry of Economic Development, pensions will be reducing in Russia during the next three years. First of all, this will affect payments to more than 10 million working pensioners, whose pensions are not indexed, the …

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EBRD to continue projects in Armenia

Armenian Prime Minister Karen Karapetyan told today the visiting President of the European Bank for Reconstruction and Development (EBRD) Suma Chakrabarti  that EBRD-financed projects implemented in Armenia …

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