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24 November 2017

More than 300 toxic banks have already been driven from the market by the Central Bank of Russia, dozens are saved including two top-10 institutions. However, the country’s banking system, it turns out, is not doing fine so far: the regulator will have to reduce the number of financial organisations by half in the next four years, experts say.

27 October 2017

In a recent speech, the EC President Jean-Claude Juncker called for a strengthening of the EU, increasing its effectiveness despite the most serious challenges. In his opinion, there is good ground for this: the economic situation has improved, there is growth observed in all the member states, while the unemployment rates are at a nine-year low.

04 October 2017

The US Congress recently passed a law on the temporary increase of the national debt threshold. The new limit will allow public institutions to work only until December 8, while the Congress is working on the federal budget for 2018. In September, for the first time in history, the US public debt crossed the mark of USD 20 trillion.

31 August 2017

The number of poor people in Russia increased by 2 million in the first trimester of 2017, affirms the head of the Accounts Chamber Tatyana Golikova. The real income continues to fall, albeit slower than last year. «In the first trimester of 2017, the number of people who lived below the ’poverty line’ was 15% of the total population, or 22 million.

30 July 2017

The Cypriot authorities started the summer of 2017 by signing two new double taxation treaties: with Luxembourg and Barbados. Both treaties are based on the principles of the OECD frame convention.

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