finances

Erdogan: Turkey to bring down prices soon as possible

Erdogan: Turkey to bring down prices soon as possible

Turkish President Recep Tayyip Erdogan said that Turkey would bring consumer prices down as soon as possible, after annual inflation soared to its highest level in 19 years in December. Addressing lawmakers from his ruling Justice and …

U.S. preparing sanctions against Putin - report

U.S. preparing sanctions against Putin - report

U.S. senior Democratic senators will today unveil a new package of sanctions to punish Russian President Vladimir Putin if Moscow engages in hostilities against Ukraine, reads the legislation, obtained by The Washington Post in advance of its …

Turkish lira soars on Erdogan’s measures to support currency

Turkish lira soars on Erdogan’s measures to support currency

The Turkish lira soared, rebounding from a record low reached earlier, after Turkish President Recep Tayyip Erdogan’s government announced extraordinary measures to bolster the currency. The dollar-lira currency pair plunged as …

Ukraine asks EU for additional financial aid

Ukraine asks EU for additional financial aid

Ukraine has appealed to the European Union for additional financial aid as the country struggles to meet its obligations, Bloomberg reported. “We have formally requested from the European Commission a long-term, macro-financial …

Inflation in Russia nears six-year peak

Inflation in Russia nears six-year peak

Russia’s annual inflation accelerated to a near six-year peak of 8.38% in late November, weeks ahead of a central bank meeting where it is expected to raise rates to rein in stubbornly rising consumer prices, economy ministry data showed on …

EU to spend 3.5 million euro to return refugees from Belarus

EU to spend 3.5 million euro to return refugees from Belarus

The European Union will spend 3.5 million euro to return refugees from Belarus to their countries, head of the executive European Commission Ursula von der Leyen said at the European Parliament Plenary on the conclusions of the October …

 Russia’s budget surplus reaches 2 tln rubles

Russia’s budget surplus reaches 2 tln rubles

Russia’s budget surplus in January-October 2021 amounted to 2.14 trillion rubles, according to the statement posted on the website of the Russian Finance Ministry.  In October, Russia’s budget surplus reached …

Taliban ban use of foreign currency in Afghanistan

Taliban ban use of foreign currency in Afghanistan

The Taliban radical militant group (outlawed in Russia) announced a complete ban on the use of foreign currency in Afghanistan on Tuesday, a move sure to cause further disruption to an economy pushed to the brink of collapse by the abrupt …

EU disburses 600 mln euro in assistance to Ukraine

EU disburses 600 mln euro in assistance to Ukraine

The European Commission, on behalf of the EU, has today disbursed 600 million euro in macro-financial assistance (MFA) to Ukraine, according to the EC website. "This is the second and final tranche under Ukraine's current MFA …

Kazakh central bank hikes rate to 9.75%

Kazakh central bank hikes rate to 9.75%

Kazakhstan’s central bank delivered its third consecutive interest-rate hike as inflation accelerated in Central Asia’s largest energy producer. The National Bank raised the key rate by 25 basis points to 9.75%, it said in a …

Taliban won't be allowed access to Afghan central bank reserves

Taliban won't be allowed access to Afghan central bank reserves

Deputy U.S. Treasury Secretary Wally Adeyemo said he sees no situation where the Taliban movement (prohibited in Russia), who regained power in Afghanistan in August, would be allowed access to Afghan central bank reserves, which are largely …

Russia’s labor market back to pre-pandemic level

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 …

Georgia decides not to take second part of EU loan

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 …

Russia’s public debt exceeds 20 trillion

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.  …

Georgia earns $17 mln from peaches and nectarines export

Georgia earns $17 mln from peaches and nectarines export

Georgia has exported 19 tonnes of peaches and nectarines worth $17 million from May 1 to July 25, which is 6.3 tonnes more than in the same period of last year, the Ministry of Agriculture of Georgia announced. The ministry says  …

Apple Pay becomes available to Mir cardholders

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 …