Despite the expert forecasts, the average increase in prices of homes amounted to 5 percent by the end of the first quarter of 2003. According to real estate agents, the last year's average growth in real estate prices on the primary market came to 20 percent. Since then most of the experts strongly believed that the market would calm down, but they proved to be mistaken. The number of deals on the primary market in January and February was twice as high as the normal volume.
This unexpected upsurge was largely due to the war in Iraq, the dollar rate setback, the euro rate growth and also to the property developers' strong influence on price formation.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked
The Central Bank of Turkey announced measures to protect the financial market of Turkey against the background of the collapse of the Turkish lira and conflict of interests with the United States of America