Search Results for: Russia
Greek Pipeline Breakthrough To Challenge Russian Gas Dominance
May 19th, 2016
After years of debate, political jockeying and acrimony, a major pipeline project to bring natural gas to Southern Europe has broken ground. The Trans-Adriatic Pipeline (TAP) will connect the Caspian Sea to European markets, providing Europe with another large ...
About 27% of banks left Russian market in two crisis years — Sberbank expert
May 19th, 2016
According to the analyst the number of banks reduced from 922 (as of early 2014) to 697 as of May 2016 About 27% of banks left the Russian market in two crisis years, most of them are medium banks ...
The Central Bank of Russia reported annual inflation stood at 7.3% in April
May 18th, 2016
In April 2016, annual inflation stood at 7.3%, like a month earlier. The stabilization results from the low base effect. In April, prices for fruit and vegetables fell less considerably than last April when prices registered the all-time maximum ...
Hedge funds show best returns from Russian markets
May 16th, 2016
Russian assets have brought hedge fund managers 29 percent gains since the start of 2015, their highest revenues among emerging markets. The figure is eight times higher than the return on investments in China and 16 times greater than ...
Russian Ministries Question Bitcoin Criminal Liabilities
May 10th, 2016
The Ministry of Justice and the Interior Ministry in Russia have – according to reports – questioned the “public danger” that Bitcoin supposedly brings, as proposed by the Russian Ministry of Finance. Unsubstantiated reports from Russian news outlets quoting ...
U.K., Russia Offer Lowest Rates of Corporate Tax, Study Finds
May 9th, 2016
Corporate tax rates globally average 27 percent, UHY says Group of Seven economies impose corporate levies of 32 percent Russia and the U.K. give companies the lowest effective tax rates among the world’s leading economies, according to a report ...
Russia calls Saudi bluff after Riyadh threatens to spice up oil output
April 21st, 2016
The Russian Power Ministry says it’s prepared to extend oil manufacturing and exports ought to Saudi Arabia undergo with its menace to spice up output after the failure of the Doha talks. Russia’s oil output might attain 540 million ...
Russia wins Hague court appeal over $50bn Yukos judgement
April 21st, 2016
A Dutch appeal court has overturned an arbitration court decision which required Russia to pay shareholders in the former Yukos oil company $50 billion, the Interfax news agency reports. “We have won our appeal of the arbitration court decision ...
Russian Official Calls for Criminal Liability for Bitcoin
April 21st, 2016
Russia’s Investigative Committee Chairman Alexander Bastrykin has, once again, opined that virtual and cryptocurrencies like Bitcoin are money substitutes or surrogates that need to be outlawed. He also claimed that virtual currencies are “often used” for the financing of ...
Bitcoin Trademark Issued for the first time in Russia
April 19th, 2016
Bitcoin and Russia have had some tough times so far. The government is not interested in having bitcoin around, but they definitely want to explore the use of blockchain technology in banking and financial sector. However, ‘Bitcoin’ did get ...
