finances

ADB providing loans to rural households in Georgia

The Asian Development Bank (ADB) is providing a 60 million Georgian lari ($22.3 million) loan and a $500,000 technical assistance grant to Georgia's Credo Bank to launch new products including home improvement and mortgage loans to lower …

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Russia refuses to place Eurobonds

Russia's Finance Ministry sees no particular need to issue Eurobonds this year, Deputy Russian Finance Minister Sergei Storchak said. The Finance Ministry plans to focus on the domestic debt market, he noted, describing …

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U.S. dollar weakening predicted

The U.S. dollar exchange rate against a basket of major currencies may drop by 6% by the end of 2019, according to Morgan Stanley experts. They expect the U.S. currency will depreciate because of the U.S .economic slowdown and the Federal …

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Russia’s Central Bank keeps key rate at 7.75%

The board of directors of the Bank of Russia decided to keep the key rate at 7.75% per annum, the regulator said in a press release following the board meeting on Friday. "If the situation develops in line with the baseline …

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Russia borrows record amount in the West

Global Head of Debt Capital Markets at VTB Capital Andrey Solovyev said investors from the United Kingdom, the United States and Russia were the main buyers of dollar-denominated and euro-denominated Russian Eurobonds. …

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Why is ruble going strong?

The dollar exchange rate declined below 65 rubles during trading on the Moscow stock exchange last week, while the euro exchange rate dropped below 74 rubles. This week the dollar fluctuated near 64.5 rubles on Monday-Wednesday, …

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Gazprombank presents its possibilities in Azerbaijan

Gazprombank is ready to participate in all Azerbaijani investment projects implemented on a project finance basis, the bank's deputy chairman Famil Sadigov said during the business seminar 'Azerbaijan on the way to the …

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 Russia’s central bank says when rate can be cut

Russia’s central bank may cut its key interest rate as soon as late 2019 if the economy develops in line with forecasts, the bank’s head of monetary policy department Alexey Zabotkin said. He added that the …

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Kazakhs policy rate unchanged at 9.25%

Kazakhstan’s central bank kept its policy rate unchanged at 9.25%, in its first review since last month’s leadership reshuffle at the Central Asian nation’s financial regulator. The bank said in a statement that the …

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