The world Bank downgraded the dynamics of Russia’s GDP in 2016. The international organization expects the economy to contract by 1.9 per cent instead of 0.7 per cent projected earlier. This is stated in an April world Bank report. Also a more pessimistic forecast of growth of Russian economy in …
Read More »The world Bank has suspended the issuance of loans to Ukraine
Qimiao Fan explained that the world Bank money Ukraine will give. after checking. Photo: telegraf.com.ua In international finorganizatsii want to see where our country has spent previous funds. World Bank Director for Ukraine, Belarus and Moldova Qimiao Fan said that while our country does not receive money from the organization. …
Read More »The Central Bank found 50 similar to a financial pyramid organizations
Photo: Anatoly Zhdanov / Kommersant The Bank of Russia from the beginning of 2016 has identified 50 organizations with signs of financial pyramids, that is, paying money to clients only at the expense of new entrants. This was reported to journalists by the head of the main Department of the …
Read More »The Bank has proposed a plan of their salvation at the expense of the budget
The Supervisory Board of Vnesheconombank approved the recapitalization of the Corporation at 150 billion rubles, and considered measures to increase its financial sustainability. About this newspaper “Vedomosti”, which was in the plan of measures on increase of financial stability of the Bank. It is expected that money from the budget, …
Read More »The Central Bank of China set the Renminbi to the dollar at a maximum level since the beginning of the year
The decision of the people’s Bank of China on Friday set the yuan exchange rate against the dollar at maximum from the beginning of 2016 a mark, in addition, the Bank has poured into the financial system of the country’s 140 billion yuan (21,67 billion) through reverse REPO, the message …
Read More »The EBRD has provided the Ukrainian Bank EUR 10 million under the trade facilitation programme
The European Bank for reconstruction and development (EBRD) boosted support trade Finance in Ukraine, highlighting Ukrainian credit Agricole Bank (controlled by the French Credit Agricole Group) funds in the amount of up to EUR 10 million. About it as reports RIA Novosti Ukraine, is spoken in the message of the …
Read More »The media reported plans by the Central Bank to weaken the control of the banks for clients
The Central Bank is going to mitigate the requirements for control of the banks for clients in terms of transactions falling under mandatory control in the sphere of combating money laundering and legalization of incomes, and access to databases of government agencies to identify clients, reported the media. Draft amendments …
Read More »The national Bank continues to block the requests of importers for currency buying
On 25 March, the dollar began to fall again. After the start of interbank trading in the framework 26,25-UAH 26.40 roubles per litre/S, the currency depreciated by 35 cents. “The market has gone 26,10-26,20 USD./$, then went to the movement downward: first the quotes left by 26.0-26,10 USD./$ stood long …
Read More »VTB Bank will give 20.3 billion rubles for the offices in the skyscraper “Moscow-city”
VTB Bank buys 22.4 thousand square meters in the tower “Eurasia” in the MIBC “Moscow city”, reports RIA Novosti. The deal is estimated at 20.3 billion rubles. The seller — open company “Plaza”. The premises will be transferred to the property in April of this year. Earlier media wrote that …
Read More »The Central Bank has justified the reluctance to stimulate the economy with money
The CBR explained why deny the possibility to stimulate the economy by increasing the money supply. According to the regulator, such action is extremely limited and is not suitable in terms of inflation. In the proof of the Central Bank brings the experience of developed countries. While it remains unclear …
Read More »