finances

Russia’s labor market back to pre-pandemic level

Russia’s labor market has generally regained pre-pandemic indices, Russian Minister of Labor and Social Protection Anton Kotyakov said on Thursday on the sidelines of the Eastern Economic Forum (EEF). "Russia’s Federal …

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Georgia decides not to take second part of EU loan

Georgian Prime Minister Irakli Garibashvili has announced that the government has decided not to take the second tranche of an EU loan as 'we are trying to reduce foreign debt'.  "We took part of the loan in 2020. The …

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Russia’s public debt exceeds 20 trillion

Russia’s public debt increased by 1.48 trillion rubles for the first half of 2021 and amounted to 20.4 trillion rubles, the Accounts Chamber said in its report on execution of the federal budget for January-June 2021.  …

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Apple Pay becomes available to Mir cardholders

Holders of Mir cards can use Apple Pay starting from Tuesday, according to press service of the payment system. Every Apple Pay transaction is secured by innovative iPhone technologies. Payment is available for iPhone and Apple Watch …

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Bitcoin drops below $30K

Bitcoin dropped below $30,000, breaking below a trading range that had held for the past four weeks and potentially setting up the largest cryptocurrency for deeper price declines. The cryptocurrency was trading around $29,998 at …

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Russia among leaders in budget stimulation in G20

Russia is holding a leading position among the Group of Twenty (G20) countries in terms of budget stimulation, and the fiscal impetus in the country was 6.3% of GDP in 2020, Finance Minister Anton Siluanov said in the article posted in the …

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Georgia to receive $67 mln in grants from U.S.

Georgia and the U.S. have signed a grant agreement earlier today through which Georgia will receive $330 million via USAID over the course of five years to promote the country’s sustainable development, create jobs, strengthen …

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Russia's Magnit to acquire Dixy retailer

Russian food retailer Magnit MGNT.MM has reached an agreement to acquire 100% of shares in the Dixy retail chain, including 2,651 of its stores in Moscow, St Petersburg and other regions, Magnit said on Tuesday. The deal price …

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Work on Nord Stream 2 can continue in German waters

Work to complete the subsea Nord Stream 2 gas pipeline can go ahead in German waters, Germany’s federal maritime regulator BSH said on Monday. Two environmental groups had in January filed complaints with BSH against a move to …

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Russia has basis for analogue of SWIFT

Russia has a basis for creating an analogue of the SWIFT payment system, Russian Foreign Minister Sergei Lavrov said. "The basis [of an alternative to SWIFT] exists. And I am convinced that both the government and the Central Bank …

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