Survey Insights on Russian Household Finances: 67,530 Rubles
The threshold cited for what is termed temporary coverage stands at 67,530 rubles, a figure reported by Vedomosti based on Rosstat data.…
Sber500 Accelerator Selects 25 Startups for Fourth Wave and Details Program Milestones
Sber has selected 25 startups to join the fourth wave of the Sber500 international accelerator, the bank’s press service reported. The chosen…
Turkish Lira Faces Renewed Pressure After Election as Markets Watch Policy Moves
The Turkish lira kept sliding against the U.S. dollar in early trading, trading above 23 lira per dollar as investors watched developments…
US Trade Deficit Widens in April as Imports Outpace Exports by $74.6B
The United States reported a growing foreign trade deficit in April, with imports of goods outpacing exports by 74.6 billion dollars—the…
Russia GDP Outlook: OECD Projections and Global Context
Analysts from the Organisation for Economic Co-operation and Development (OECD) have updated their outlook for Russia, projecting a…
“Consumer loan activity in May 2023 shows a marked surge”
Consumer loan activity in May 2023 shows a marked surge The total volume of consumer loans issued in May 2023 surged to a record level,…
Ukraine’s Ukrenergo Adjusts Hydroelectric Operations to Reduce Kherson Flood Risk
Ukraine’s Ukrenergo Updates Hydroelectric Operations to Mitigate Kherson Flood Risks Ukrainian energy company Ukrenergo has announced a…
Russia-Belarus trade grows steadily through early 2024 despite sanctions
Between January and April this year, trade activity between Russia and Belarus continued its upward trajectory, rising by about 11 percent and…
May 2023 Russian consumer lending surged to record levels, with broad gains across loan types
In May, Russian banks extended a substantial amount of credit to the public, totaling 1.41 trillion rubles. This figure marked a sharp rise…
St. Petersburg Tests and Plans for Tourist Tax at Hotels
The St. Petersburg Legislative Assembly gave initial approval to the proposed holiday tax on visitors, a move that would charge travelers at…