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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.

30 June 2017

The leaders of Russia and Germany met last month in Sochi to discuss the situation in Syria, compliance with the Minsk agreement and the preparations for the G20 summit. Germany remains Russia’s major economic partner, with the trade turnover in 2017 up by more than 40%, as the Russian President Putin observed after his meeting with the German Chancellor Angela Merkel.

30 May 2017

At the spring press conference in Beijing, the official Chinese representative, Wang Guoqing, observed that given the current weak recovery of the global economy, the growth of the Chinese economy in 2016 was 6.7%.

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