Search Results for: Russia's
Russian Central Bank plans to move away from international ratings to Russian ones
April 8th, 2015
The Central Bank of Russia is going to gradually move away from international ratings to Russian ones, Chairperson Elvira Nabiullina at the Russian Bank Association conference. “We are thinking about gradually moving away from international ratings and developing our ...
Ruble Storms to 2015 Highs as Exporters Sell Off Foreign Currency
March 25th, 2015
The Russian ruble rose to new 2015 highs on Wednesday, shrugging off a decline in oil prices as Russian exporters continued to sell forex to pay monthly taxes. At 08:00 GMT, the ruble was 0.8 percent stronger against the dollar at 57.22, and 0.6 percent stronger at 62.66 versus the euro. The Russian currency ...
Greece to draft new reform plan within days – EU leaders
March 20th, 2015
EU leaders say Greece has agreed to come up with a new reform plan within days to secure the additional bailout funds required to prevent bankruptcy. The development came after marathon talks between Greek PM Alexis Tsipras, German Chancellor ...
China and Middle East will drive oil demand: OPEC
March 16th, 2015
Almost half of this year’s oil demand growth is likely to come from China and the Middle East, the Organization of the Petroleum Exporting Countries (OPEC) said Monday. In its monthly report, Opec forecast that global oil demand growth ...
Hungary Angles to Save Russian Nuclear Plant Deal From EU Opposition
March 16th, 2015
Hungary expects to wrap up talks with the European Union soon about a fuel supply deal for the country’s Paks nuclear plant, the government said Friday, adding that the EU’s concerns do not block a planned expansion of the ...
Moscow Exchange announces results for the full year 2014
March 12th, 2015
Moscow Exchange (MOEX) today announces its financial results under International Financial Reporting Standards (IFRS) for the year ended 31 December 2014. Higher volumes on the FX, Equities and Money Markets, as well as increased interest income and fees from ...
Botched Law Could Close Hundreds of Foreign Firms’ Rep Offices in Russia
March 11th, 2015
Representative and branch offices of foreign companies working in Russia are in a race against time to re-register with the authorities or lose their license to operate in the country. The re-registration was intended to streamline bureaucracy for foreign firms, but organizational failures and lack of proper warning have left companies scrambling ...
Russia Looks to Squeeze More Tax From Google — Report
March 9th, 2015
Russia is considering a move to raise taxes on international Internet company Google, business daily Vedomosti reported Friday citing unnamed government sources. The issue was discussed at a meeting initiated by former Communications Minister and Kremlin aide Igor Shchyogolyev and attended by officials from the Kremlin and the Communications Ministry ...
EU unveils plans for historic single energy market
February 26th, 2015
The EU unveiled plans Wednesday for a continent-wide single energy market to reduce its uneasy reliance on Russian supplies and cut a massive annual import bill of some 400 billion euros. The proposals by the European Commission, the executive ...
Council conclusions on Ukraine
January 30th, 2015
Foreign Affairs Council meeting Brussels, 29 January 2015 The Council adopted the following conclusions: “1. The Council strongly condemns the indiscriminate shelling of the residential areas, especially in Mariupol and the recent escalation of fighting in the Donetsk and ...
