The official ruble rate may slide down following the results of yesterday's meeting between Russian President Putin and Minister for Economic Development Maxim Oreshkin. Putin held the meeting with the minister due to the recent strengthening of the ruble rate. On February 14, 2017, the rate of the Russian ruble hit the highest level since 2015
Consulting agency PricewaterhoiseCoopers (PwC) has published a report entitled "The long view: how will the global economic order change by 2050?" In the report, experts predict the state of affairs in economies of different countries of the world. Emerging economies, including Russia, will dominate the world, the report says
In 2015, Bill Gates' fortune was evaluated at $83.6 billion. Mexican telecommunications tycoon has suffered largest losses among the billionaires, whose fortunes were included on the list. Eight richest people in the world own the fortune, the amount of which is equal to the money that 3.6 billion people have
During the discussions of the French and American Constitution, theme prevalent was the separation of religion and State – alias that was the recurring theme for 3 centuries when nobles and religious had unacceptable privileges by the emerging bourgeoisie: The privileged classes were tax exempt and a series of perks: right to realize certain taxes,
The next comment is from Pierre Rabhi, a French thinker: "Today, when one speaks of economics, it is not a question of the real economy. The real economy is a system that aims to share resources as evenly as possible to meet the needs of the greatest number of people. Unfortunately, what is called 'economics' is, above all, monetization.
Germany has second biggest gold reserves in the world. But most of this gold is kept in London and New York. Germany has returned 200 tons of the precious metal from the Federal Rereserve’s stores in New York and the French Central Bank for the year of 2016. Why has Germany sped up the process?
US presidential candidate from the Republican Donald Trump has won the election and shaken global markets, the members of which were counting on the victory of Democratic candidate Hillary Clinton. On November 9, gold has risen in price by 4.5% or $60
After the visit of Turkey's President to St. Petersburg and the meeting between the leaders of Russia and Turkey at the G20 summit in Hangzhou (China), the resumption of the Russian-Turkish relations is gaining momentum. The talks in Istanbul are expected to lay a solid trade and economic foundation for the new relations between the two countries
The modern financial system was created for the oppression of national states. Any society in today's world exists to serve the interests of international financial corporations. The power is concentrated in the hands of an international group of financiers that move capitals from one country to another
The oil market has balanced out in 2016 and will restore in late 2017, Russian Energy Minister Alexander Novak said. "The market follows the path of balance anyway," the minister said in an interview with Russia 24 TV channel. "The year 2016 has already balanced out the market partially, and I think that the market will recover in late 2017"
Russophobian policy of the states should have economic consequences. Russia has demonstrated it by canceling oil and other cargoes’ transit through the Baltic ports. Ukraine may also be deprived soon of its gas transit trough. But one question is still in the air. How will small but proud republics live after 2020?
Societe Generale Bank analyst Albert Edwards said that consumers will hardly be able to keep the US economy afloat for long. Because of the sharp drop in oil prices, American energy corporations have faced serious problems and may fall into a new trap. In less than eight years, the debt of the United States of America has nearly doubled
The Russian currency is nearly seven centuries old. The ruble appeared in the 13th century and for the next two centuries successfully drove out of circulation coins of other countries that people in ancient Russia used to acquire material goods. In addition, the foreign money made of silver was quickly repurposed into the new Russian ruble