Economic news

Heightened tensions between Russia and Ukraine are putting pressure on the cryptocurrency market, which saw a decline in the value of cryptocurrencies on Tuesday. Against this backdrop, bitcoin fell to a two-week low of $36,370. Then its value slightly recovered to $37,192 thousand. The cost of Ethereum has fallen almost to the minimum mark since […]

In the first month of the current year, the UK government budget surplus reached 2.9 billion pounds. In the same month of the previous year, there was a budget deficit of 2.5 billion pounds. The Statistical Office, which published the data, explained that the positive balance of the January budget was due to increased tax […]

One of the largest banks in the Russian Federation, VTB, announced the end of 2021 with a net profit of 327.4 billion rubles. It is 4.3 times higher than the figure recorded a year earlier. According to the results of the Q4, net profit also increased 4.3 times in annual terms to 69.8 billion rubles. […]

Oil quotes are growing on geopolitical news. By 8.15 am Moscow time, a barrel of Brent oil has risen in price by 1.42 cents or 1.49% to 96.81 cents. The price of a WTI crude barrel rose $2.79, or 3.06%, to $93.86. On the eve, the Brent oil rose in price by 2%. Trades closed […]

The acceleration of economic growth in the countries of the Organization for Economic Cooperation and Development in the last three months of last year is stated in a recent review of the organization. Aggregate GDP rose to 1.2% from 1.1% 3 months earlier. The G7 countries expanded their economies by 1.2% over the specified period […]

The weakening of the US dollar in anticipation of a possible summit between the presidents of the US and Russia led to the growth of emerging market currencies. Recently, in the East of Ukraine, there have been more cases of violation of the silence, which must be observed by the Minsk agreements. Media reports of […]

The next meeting of the Chinese Central Bank ended with the adoption of the expected decision. The annual rate on loans was kept at 3.7%. As a result of the previous two meetings of the bank, this rate was reduced by 20 bp. The rate on 5-year loans was left at 4.6%. Last month it […]

Producer prices in Germany showed a record increase. In January, they rose by 25% compared to prices in the same month of 2021. Such a high rise in prices has not been observed in the country for more than 70 years. It occurred against the backdrop of an increase in energy prices by almost 67%. […]

The Ministry of Finance of Russia has developed and sent to the government for approval a bill regulating the cryptocurrency market. The document is posted on the official website of the Ministry of Finance. It provides an opportunity for private investors who have successfully passed the relevant testing to invest annually in cryptocurrencies for no […]

The Russian Ministry of Economy has updated its previously published prognosis for 2022 for the average cost of a Urals oil barrel. It was raised from $15.50 to $77.70. Experts note that an increase in the price of 1 dollar generates additional income. According to the results of 12 months, it can reach 150 billion […]