29 April 2016

Changing legislation of the British Virgin Islands will not make the offshore administration any more transparent. According to the sources of Midland Consult, owners of the companies registered in a popular offshore zone of the British Virgin Islands (BVI) recently received a letter with a requirement to disclose their company directors.

25 March 2016

A couple of years of relative calm and the global economy is once again on the verge of recession. The risk of such scenario has increased and continues to rise, according to the recent reports of economists around the globe.

26 February 2016

In the list of currencies devalued against the US dollar, the Russian Rouble last year moved from the 2nd worst to the 22nd position.Russian currency lost 44.2% against the USD in 2014, arriving second in the list of the most depreciated currencies.

27 January 2016

In 2017, the World Bank predicts a growth of the Russian economy by 1.3% and by 1.5% in 2018. This year, however, it forecasts a decline of 0.7%. Thus, the rate of decline is expected to decrease significantly. According to the WB experts, the Russian economy lost 3.8% last year. The prospects are rather vague for 2016 due to the continuously low O&G prices and the international sanctions against Russia.

22 December 2015

The improvement in Moody’s ranking shows the acknowledgement by the foreign agencies of the macroeconomic policies carried out in Russia. However, it is necessary to reduce the budget deficit and progress towards sustainable economic growth in order to bring back the investment-worth ranking, comments the head of the Russian Ministry of Finance Anton Siluanov.

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