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The Bank of Russia does not consider prudent to completely abandon the dollar in international reserves, department director Alexei Zabotkin said in the State Duma today. "From my personal point of view, …
A number of Sevastopol public sector employees and pensioners were left without salaries and pensions for a while, the acting governor of the city, Mikhail Razvozhaev, said today. "The technical failure of the …
New 10 lari banknotes were into circulation today across Georgia, the National Bank of Georgia reported. On the front of the new banknote there is a portrait of prominent Georgian writer and public figure, Akaki Tsereteli, with a …
Sberbank CEO Herman Gref, speaking at the International Organization of Supreme Audit Institutions (INTOSAI) Congress, described the International Monetary Fund (IMF) as the body which is completely out of the picture. …
The National Bank of Georgia has increased the refinancing rate by 0.5 percentage points to 7.5% - for the second time this September. The regulator explains that the reasons behind such decision are inflation expectations as a result …
Russia’s central bank is studying the possibility of setting negatives rate on forex deposits, but no decision has been made, the central bank’s financial stability department chief Elizaveta Danilova said at the …
In North Ossetia, the prosecutor’s office secured the repayment of debts in the amount of 13 million rubles from officials of the the Right-Bank District administration, the press service of the prosecutor's office reports. …
The Central Bank of Russia is often asked to inject money into the economy, but it would only hamper growth, the bank's head, Elvira Nabiullina, said Friday. "The Central Bank has many ways to influence the economic growth. We …
Foreign investors will soon realize the attractiveness of the country
The board of directors of Russia's Central Bank has cut its key rate today by 25 bp to 7.00% per annum. Commenting on the decision, the regulator's press service said that inflation slowdown is continuing, but inflation …
Russia and India have settled the issue of the Indian side’s advance payment for the delivery of S-400 long-range surface-to-air missile systems, the press office of Russia’s Federal Service for Military and Technical Cooperation …
The Russian Finance Ministry plans to issue no more than 15 billion rubles of OFZ federal bonds for households in September, Deputy Minister Sergei Storchak said. "We will launch it in autumn, in September. I will …
The Bank of Russia instructed systemically important banks to connect to the Faster Payment System (FPS) by October 1, 2019. Banks with the all-purpose license should be connected by October 1 of the next year, according to the regulator. …
Azerbaijani President Ilham Aliyev has signed a decree amending the Law on Labour Pensions today. In compliance with the decree, starting from 1 October 2019, the minimum amount of the labour pension is set at the …
Russia and China have set the target of boosting trade turnover to $200 billion by 2024, China’s new Ambassador to Russia Zhang Hanhui said. "We have already set another target of …
Russia's finance ministry said it will issue 100 billion rubles ($1.52 billion) worth of new ruble-denominated OFZ treasury bonds maturing in July, 2022. New OFZ treasury bonds are expected to be available on August 21. …
Turkey's state-owned lender Ziraat Bank and Russian Central Bank started cooperation to enable the use of Russia's National Payment Card (MIR) in Turkey. Russian Central Bank's subsidiary National Payment Card System …
Russia’s Finance Ministry said that Russia has a positive attitude towards the nomination of Bulgaria’s Kristalina Georgieva to become the head of the International Monetary Fund and will be ready to support her …
U.S. Federal Reserve Chairman Jerome Powell said the central bank’s rate cut approved yesterday was part an ongoing move to adjust to economic conditions though no guarantee of future cuts. The Fed voted to reduce …
Sberbank announces that it has completed the sale of its entire 99.85% stake in DenizBank to Emirates NBD Bank. In line with the sale and purchase agreement, the total revenue is 170.7 billion rubles, while Sberbank's …
