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 ...
Andreas Theophanous
April 7th, 2015
Professor Andreas Theophanous was born in Cyprus on February 14, 1960. In 1980, he went to the USA on a Fulbright scholarship. He received his BA degree in Economics and Political Science (with distinction, baccalaureate) from Susquehanna University in ...
EU Lays Groundwork for Antitrust Charges Against Google
April 2nd, 2015
Regulator seeks permission to publish complaints against Internet giant in long-running probe Europe’s competition regulator is preparing to move against Google Inc. in the next few weeks, a person familiar with the matter said Wednesday, setting the stage for charges against the ...
Greece PM says sanctions against Russia ‘a road to nowhere’
March 31st, 2015
The Greek premier stressed that the economic war is a “dead-end policy” Greece does not back the West’s sanctions against Russia as this is a “road to nowhere,” the country’s Prime Minister Alexis Tsipras said in an exclusive interview ...
UAE moving towards allowing 100% foreign ownership of businesses outside free zones
March 31st, 2015
Plans for a law to allow full foreign ownership of companies outside free zones in strategic sectors are at an advanced stage, the Minister of Economy said. At a the Annual Investment Meeting in Dubai on Monday, Sultan Al ...
Brazil’s Galvao goes bust following Petrobras scandal
March 27th, 2015
One of Brazil’s biggest engineering companies, Galvao Engenharia, has filed for bankruptcy protection in the wake of the Petrobras scandal. The state-run oil company has cut off payments to Galvao. Grupo Galvao, the firm’s parent company, said it was ...
Russia’s Putin calls for regional currency union
March 23rd, 2015
Russian President Vladimir Putin proposed on Friday creating a regional currency union with Belarus and Kazakhstan, Russia’s main partners in a union of ex-Soviet states facing growing economic challenges. Putin made his proposal at a meeting with the Belarussian ...
Predicting the Future With Russia’s Economic Nostradamus, Mikhail Dmitriyev
March 19th, 2015
Mikhail Dmitriyev, president of the New Economic Growth consultancy, is often described as “Russia’s top brain.” He studied in Leningrad in the ’80s and took part in economics discussion clubs with the people who transformed Russia into a market economy, including Anatoly Chubais, the architect of Russia’s privatization ...
Russia Deposit Fight Sees Foreign Banks Seeking New Clients
March 19th, 2015
Oksana Semenikhina, a customer of Citigroup Inc.’s Russian unit for the past decade, got an offer from the lender this year that she couldn’t pass up. “They offered to open a ruble term deposit for me at 9 percent ...
ECB Warns Cyprus as Government Pushes for Georghadji’s Dismissal
March 16th, 2015
The European Central Bank warned Cypriot President Nicos Anastasiades to respect central-bank independence after the country’s government started proceedings to dismiss Governor Chrystalla Georghadji. A year after previous Cypriot central-bank chief Panicos Demetriades resigned his post following months of ...
