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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.

05 November 2018

In November, the CBR published data on the net capital outflow from the Russian Federation over the third trimester. According to the first estimates, the volume of transactions grew by 48 times compared to the same period last year and amounted to USD 19.2 billion (against USD 400 million a year earlier).

24 October 2018

Over the summer trimester 2018, the Russian clients of Sberbank spent more than EUR 2 billion for overseas travel (excluding the airfare). On average, individual spending is about EUR 900, although certain tourists managed to spend some EUR 14.000 on food or USD 500.000 on gambling in Monaco, Sberbank reported in October.

14 October 2018

China has reduced investment in the US debt by 7.7 billion dollars to a minimum over the past six months. Despite a seriously aggravated tensions with Washington, Beijing still remains the largest foreign holder of the treasury securities: more than a trillion dollars.

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