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10 December 2018

Servicing the large deposits of third-country nationals and shell companies in Cyprus is over. The Cypriot Minister of Finance Harris Georgiades affirms that this sort of practice on the island contributed to the financial crisis in spring 2013.

05 December 2018

Russian taxes are growing nearly twice as fast as salaries. Analysts came to this conclusion after examining the fiscal charges paid by Russians over the past three years.

20 November 2018

Over the past three years, the CBR purchased a record amount of gold. As a result, Russia's gold reserves amounted to more than 2,000 tons, which is an equivalent of 17% of global reserves. At the same time, the Bank of Russia reduces investments in the US public debt. The central banks of other countries also started to invest more in gold, with its price sagging in August and rising again recently.

12 November 2018

The EC President Jean-Claude Juncker addressed the European Parliament with a proposal: next coming year the EU leadership should take additional steps to increase the prominence of the European currency in the global financial arena.

10 November 2018

There are no more than 2% of Russian clients in the Cypriot banks. They account for less funds than the local residents or the clients from other European states, the head of the Association of Cypriot Banks (ACB) Michael Kammas affirms.

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