finances

Russia's Central Bank cuts key rate to 7.75%

The board of directors of Russia’s Central Bank cut its key interest rate by 50 basis points to 7.75% from 8.25%. The central bank said it would also consider cutting the key rate next year because inflation had slipped below …

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Russia's Sberbank presents new strategy

Russia's Sberbank sees its annual net profit rising to around 1 trillion rubles ($17 billion) by 2020, according to a strategy plan published on its website. According to the document, Sberbank’s return on equity, a key …

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Bitcoin drops to $13000

 The price of bitcoin spent much of Saturday in decline, as the world's largest cryptocurrency saw a nine percent drop over the 24-hour span, CoinDesk reports. Sunday's session has so far seen that drop …

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Twins become world's first bitcoin billionaires

The twin brothers Tyler and Cameron Winklevoss are worth more than $1bn after capitalising on the astonishing rise in Bitcoin. An $11m bet on Bitcoin made by Tyler and Cameron Winklevoss over four years …

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National debt clock relaunched in New York

he Durst Organization has returned the 20-foot wide billboard displaying the US national debt to Manhattan after almost six months of rehab, aimed at replacing the digital display, wiring and to refresh the facade, …

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Bitcoin exchange rate down 8.4% after historical high

Bitcoin exchange rate fell by 8.4% on the Bitstamp exchange to $9,000, TASS reports. On November 29, the cryptocurrency set a historical record, rising by more than 10% and breaking the $11,000 mark. Earlier on November 28 …

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 Russia's central bank promises key rate of 6%

Russia's Central Bank expects that the key rate will stabilize at 6% after reaching this level in 2019, the deputy director of the Monetary Policy Department of Russia's Central Bank Andrey Lipin said, speaking at …

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Additional $22 million for Tbilisi budget 2018

The 2018 budget for Tbilisi City Hall is about 880 million GEL, 60 million GEL more (over $22 million) than was planned initially. The decision was made after meeting between new Tbilisi mayor Kakha Kaladze and recently …

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Bitcoin sets another all-time high

The price of the cryptocurrency Bitcoin continues its surge above $9,000, trading at roughly $9,495, according to the CoinDesk Bitcoin Price Index (BPI). This continues a roughly eight-month winning streak for Bitcoin and other cryptos, …

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US approves sale of anti-tank missiles to Georgia

The US intends to provide Georgia with Javelin Missiles and Command Launch Units, the US Defense Security Cooperation Agency said in a press release. Besides 410 Javelin missiles, the deal includes 72 Javelin command launch units, 10 …

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Bitcoin plunges almost 30% from record high

Bitcoin plunged 29% as the cancellation of a technology upgrade prompted some users to switch out of the cryptocurrency, spooking speculators who had profited from a more than 800% surge this year. The cryptocurrency has dropped 9.5% …

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 Will Sberbank be privatized?

The chairperson of the Central Bank of Russia Elvira Nabiullina said that it would be possible to discuss privatization of Sberbank after the restoration of the Russian banking market and the growth of confidence …

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