finances

 Bank of Russia raises key rate to last year level

The Bank of Russia Board of Directors decided to raise the key rate by 0.25 pp to 7.75% per annum today. The regulator said in a press release that the decision taken is proactive in nature and is aimed at limiting inflation risks that …

Read
 Will Russia issue government bonds in yuan?

The Russian Finance Ministry hopes to place federal loan bonds in the Chinese yuan next year, head of the ministry's Department of National Debt and State-Owned Financial Assets Konstantin Vyshkovsky said during a video …

Read
Georgia's presidential reserve fund to be canceled

The Georgian presidential reserve fund will be canceled next year as no finances are allocated for it at this time.  This year the reserve fund contained 5 million GEL. In 2019, funding for the Georgian Presidential …

Read
EU finance ministers agree to bolster eurozone

EU finance ministers have agreed on steps to bolster the eurozone against future financial crises, striking a deal after negotiations that went through the night. "We made it," Eurogroup President Mário …

Read
 Russia takes part in creating euro-SWIFT

Russia is taking part in developing a European counterpart of the Society for Worldwide Interbank Financial Telecommunications (SWIFT), the European Commission’s press service said. According to the EC's spokesperson, the …

Read
"We have fallen into serious stagnant hole"

Russia's economic situation reminds me of the era of post-war stagnation, Russian Accounts Chamber Chairman Alexei Kudrin said today. "For the last 10 years we have been living with a growth rate of 1%. …

Read
Will Russia issue Eurobonds in euros once again?

Russia's Finance Ministry is planning its first euro-denominated bond in half a decade as Moscow strives to reduce dependence on the U.S. dollar. The Eurobond settlement date is scheduled for December 4, 2018, the bond's …

Read
Armenia's parliament adopts 2019 government budget

Armenia's National Assembly approved the government budget for 2019 at the meeting today. As many as 66 MPs voted for the budget, four voted against it and two abstained.   MPs from the Republican Party of …

Read
 Bitcoin price hits new 2018 low

Bitcoin has suffered a major price crash over the past week, plunging to its lowest point in a year - dropping from $5,560 to $5,170 within a period of 12 hours. After dropping to $5,750 on June 11, BTC has defended the $6,000 support …

Read

Populars