Rumours about total refusal of the world from cash are exaggerated. No serious economist considers the question of abandoning cash for good. Nevertheless, there is such a trend in the world. It is not associated with only money-laundering or the funding of international terrorism
By early 2018, Russia and Belarus will develop rules for the joint market of natural gas. The parties reached an agreement during the talks between Presidents Vladimir Putin and Alexander Lukashenko in St. Petersburg. Belarus has accepted Russia's formula with a certain discount from 2018
Putin buys gold not only because of its possible fluctuations, but for another significant reason. The Russian president is afraid that the US dollar can be used as a weapon against Russia. Investing in gold can serve as excellent defense at this point
Representatives for the Russian Finance Ministry announced on March 21 that Russia was going to repay the last debt that the country has inherited from the USSR within the next 45 days. It goes about the debt to Bosnia and Herzegovina for trade turnover settlements between the former USSR and the former SFRY
The US dollar is currently traded at about 59 rubles per one dollar. The basic forecast of the Ministry for Economic Development stipulates the average annual rate of 67.5 rubles. Russia's Minister for Economic Development said that the current rate of the Russian ruble was stronger than fundamental values
Many in Russia paid attention to the social aspect of the tax: for some reason the luxury tax does not embrace either elite real estate, or yachts, or football clubs. Does Russia need a separate law on the luxury tax, which they tried to adopt, but have not adopted yet? Why doesn't the State Duma want to tax elite real estate, for instance?
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?