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Number of bankruptcies in Russia have reached a record level
The number of bankruptcies in Russia in the third quarter increased by 3% compared to the second quarter. The country registered 3,227 bankruptcies, higher than July-September 2016. These increases were reported by the Center for Macroeconomic Analysis and Short-term Forecasting.
The report notes that two factors could have led to the increase in the number of bankruptcies: weak consumer demand and a slow decrease in the key rate. The Russian Federal State Statistic Service or Rosstat …
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Net outflow of capital from Russia tripled in period from January to October
Based on the review of the Central Bank of the Russian Federation, net capital outflow in Russia from January through October 2017 increased almost 2.8 times in the annual comparison, according to preliminary estimates, reaching $23.8 billion compared to $8.6 billion in the same period last year.
"Net capital exports by the private sector, according to preliminary estimates of the Bank of Russia, totaled USD 23.8 billion (USD 8.6 billion in January – October 2016)," the regulator’s review …
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Ukrainian Ambassador to Austria condemns visit by Austrian politicians to the Crimea
Ukrainian Ambassador to Austria Olexander Scherba stated that the Austrian politicians who visited the ‘Friends of Crimea’ Forum, which was organized by Russian authorities, violated the neutrality of Austria and the decisions of the European Union, reported Krym.Realii.
"While Renat Paralamov spoke about the untold suffering that he had to go through, Linz Deputy Mayor Detlef Wimmer and newly-elected Member of Parliament Hans-Jörg Jenewein laid out their belongings in the luxury rooms of the …
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Serbian Foreign Minister: Serbia will never support sanctions against Russia
Serbian Foreign Minister Ivica Dacic said in an interview with the Russian newspaper Izvestia that his country will not support anti-Russian sanctions.
Answering a question about whether there is a possibility that under certain circumstances Serbia might be swayed by the West to go against Russia, Dacic said that “Serbia will remain consistent with its policy and will not join European sanctions against Russia.” The foreign minister also stressed that Serbia hoped and wished for the “soonest …
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President of Poland: if we forgive Russia for Ukraine and Georgia, we are in for a tragedy
The President of Poland, Andrzej Duda, said that sooner or later relations with Russia will be restored, however for now the attitude towards them on the international scene is very cold and sanctions are in force. To improve this, Russia must return the wreckage of Tu-154 aircraft to Poland and begin to observe international law.
Polish President Andrzej Duda said that he had talked with German President, Frank Walter-Steinmeier about the return of the fragments of Tu-154 to Poland before the …