The Chinese Hurun Research Institute has released its latest Global Rich List rating, with a surprise result in that India’s Mumbai has surpassed the Chinese capital Beijing in terms of the number of billionaires living there. Mumbai is now in third place in the world rankings after New York and London. In Russia, according to […]
Russia Climbs To Seventh Place In Global Billionaire Rankings Read More »
The subject of Ukraine’s public debt is shortly to become a pressing issue as the International Monetary Fund (IMF) has scheduled a meeting to discuss it with creditors on April 17. The IMF have already stated that the matter requires ‘deep treatment’. According to Focus Economics, Ukraine’s Public Debt reached 78.5% of GDP in 2022, and is almost certainly
Ukraine’s Public Debt 2024 And The IMF: What Happens In April Read More »
An Atlantic Council study published on Thursday showed that 134 countries, or 98% of the global Gross Domestic Product (GDP), are currently exploring the launch of a central bank digital currency (CBDC). This number has surged from just 35 since May 2020. The development is significant as it seems to predict an almost universal move
All BRICS Nations Are Piloting Digital Currencies But USD Likely To Remain Dominant Read More »
The Russian economy is in the investment phase of growth, with investment activity at a record level and imports of investment goods are growing, according to Central Bank of Russia (CBR) Governor Elvira Nabiullina. She made the comments following a meeting of the regulator’s board, at which it held the key interest rate at 16%.
Russian Economy At Investment Grade: Central Bank Read More »
Austrian Foreign Minister Alexander Schallenberg has said in a meeting with US Secretary of State Antony Blinken during a joint press conference in Vienna on March 15, that 95% of Western companies are still invested in Russia. This is despite Western government pressure since early 2021 and many high profile foreign businesses announcing their exit
95% of Western Investors Still in Russia In 2024 Read More »
The Moscow Stock Exchange (MOEX) has seen an increase in domestic Russian corporate interest for conducting IPOs and SPOs compared to 2023; with more than 20 transactions potentially taking place in 2024, according to Vladimir Krekoten, the Managing Director of the exchange. Krekoten was speaking at the ‘Financial Markets: New Guidelines in a Changing World’
Moscow Stock Exchange Expecting 20+ IPOS In 2024 Read More »
The Russian economy will become the fourth largest economy in the world before 2030, with sustainable growth at a rate of at least 2% per year and gradual acceleration to 3%. This will yield approximately 20% growth by 2030, Russian First Deputy Prime Minister Andrei Belousov said at a meeting of Russian President Vladimir Putin
Russian Economy To Be World’s Fourth Largest By 2030 Read More »
The Russian State Duma has approved in the first reading this March, a bill on the gradual decoupling of prices for goods on the domestic market of Russia from global indicators. This means about the possibility of the Russian Federal Antimonopoly Service (FAS) to not take these into account when determining the monopoly high and
Russia To Develop Domestic Price Indicators And Remove World Pricing Tags Read More »
As geopolitics reshape the contours of physical commerce, digital services remain one area where sovereign countries can engage between each other with relative freedom, during a period where certain nations around the world are erecting new politicized barriers, controlling, restricting, or sanctioning trade in goods like minerals, raw materials, food, through to services, semiconductors and
Developing a SWIFT Alternative Digital Currency Global Trading System Read More »
The share of national currencies in the Eurasian Economic Union (EAEU) trade currently amounts to 90%, according to Russian Prime Minister Mikhail Mishustin, speaking at the end of February this year. According to him, the percentage of use of domestic currencies is still growing. The EAEU, which is based on the Customs Union of Russia,
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