World Bank: Georgia shows sustained growth and economic resilience
World Bank representatives have identified key development conditions and economic prospects for Georgia.
banks
Baku hosts IX International Banking Forum
The IX International Banking Forum is being held in Baku today. The event runs under the motto “Reliable, Secure, and Sustainable Banking.”
Russia's international reserves reach record high
Russia's international reserves rose to a record high in a week, reaching almost $723 billion, with the Central Bank citing positive revaluation as a key growth factor.
Mir cards may become operational in China
Russian tourists may use Mir payment cards in China soon, with parallel efforts underway to enable QR code-based transactions.
Russian bank cards to be more actively accepted abroad
Russian bank cards will be more actively accepted abroad, Chief Executive Officer of Russian Direct Investment Fund (RDIF) Kirill Dmitriev said.
Russian Central Bank's key rate may be reduced by 2% on September 12
The Central Bank will consider lowering the key rate at its September meeting, with a potential decrease of 1 or 2 percent, according to VTB.
Armenian banks start requesting information about tax residency
Armenian banks have started to request information regarding the tax residency for the automatic exchange of information, NSV Consulting reported. The financial exchange is conducted in accordance with the OECD standard. …
Armenia's Central Bank leaves refinancing rate unchanged
The Central Bank of Armenia has decided to leave the refinancing rate, or discount rate, at 6.75% per annum, the regulator said.
Georgian bank sues opposition TV channel
Cartu Bank has initiated legal proceedings against opposition-aligned TV Pirveli, accusing the broadcaster of slander.
China's CIPS payment system to operate in Georgia
Georgia and China are expanding economic cooperation. The Governor of the National Bank of Georgia held a meeting with the President of China's Cross-Border Interbank Payment System, which is planned to be implemented in the country's banks.
Russia's Central Bank expects slowdown in inflation to continue
Weekly inflation data indicate that price growth is continuing to slow, Russia's Central Bank governor Elvira Nabiullina said. …
Russia's Central Bank says key rate hike possible
The Russian Central Bank does not rule out raising the key rate if the slowdown in inflation does not proceed at the expected pace, Deputy …
Kazakhstan proposes national crypto bank
Member of the Kazakh Parliament Azat Peruashev, has initiated a proposal to establish a national cryptocurrency bank in the republic. …
VTB launches QR code payment for purchases in Turkey
VTB was the first among Russian banks to launch QR code payments for purchases in Turkey, the bank said on March 12. A buyer may pay for purchases at points of sale throughout the country by pointing the smart phone camera at the QR …
Three banks resume issuing cards to non-residents in Kazakhstan
Three Kazakh banks - Halyk Bank, Kaspi Bank and VTB's subsidiary - have resumed issuing payment cards to non-residents.
VTB bank to open subsidiary in Iran
Russia's VTB bank plans to open a full-fledged subsidiary bank in Iran by the end of 2025, President and Board Chairman Andrei Kostin said. "We are announcing today that we plan to open a bank by the end of this …
International Banking Forum kicks off in Baku
The 8th International Banking Forum is in full swing over two days in Baku, Azerbaijan. Executive Director of the Azerbaijani Central Bank Vusal Khalilov said the implementation of green taxonomy in Azerbaijan will establish a robust …
Turkey and Russia may pay for gas in national currencies
Turkey and Russia continue trade in national currencies and they can similarly pay for gas, a source in banking consulting in Ankara said when asked to comment on the situation with U.S. sanctions on Gazprombank, TASS reported. …
Türkiye seeks exemptions from US sanctions for Russian gas
US sanctions against Gazprombank may leave Türkiye without Russian gas. The Turkish authorities are seeking exemptions from these restrictions to continue using the Russian bank for gas payments.
Another five countries refuse to serve Gazprombank cards
Italy, Argentina, Egypt, Indonesia, Uruguay has warned its clients about possible issues
