Economy
Banks and Credits
According to a study of the European Central Bank (La Banque centrale européenne, BCE), 25 banks from the euro area are not able to resist 130 in the financial shock and have a need for capital to 25 billion euros.
Cars
In January-September 2014 in Russia produced 37.6 million tires, tires and tubes (-4.1% in 2013). The major market players continue to: Nizhnekamskshina, Nizhnekamskshina and Altai Tyre Plant.
Macroeconomy
The total number of economically active population aged 15-72 years in Russia in September 2014 amounted to 75.7 million (53% of the total population). 3.7 million people were unemployed by the ILO criteria (i.
Economy
According to the Bank of Russia, in January-August 2014 foreign trade turnover of the country amounted to $549.5 billion (98.4% as against January-August 2013), including exports – $342.5 billion (101.1%), import –
Macroeconomy
According to the forecast of the Minister of economic development Alexei Ulyukayev at the end of 2014 inflation in Russia could exceed 8%, since its growth rate is 0.2% per week (according to Rosstat).
Energy industry
Shares of grand oil company Total fell by 2% to €42.08 per share, and capitalization decreased to €100.3 bln. 20.10.2014 in avia crash died its managing director Christophe de Margerie.
Macroeconomy
HSBC Holding gave Russia 50.9 industrial index, which shows small growth of the rate in September 2014. In industry was noted the lowest growth in the last 3 months. In services expectations worsened.
Banks and Credits
HSBC will decrease mortgage rate to 0.99% – the lowest rate, which will reduce mortgage credit expenses by pounds of pound strelings. It is expected, that increase of currect bank rate by 0.
Energy industry
On the website of the Federal Service of State Statistics (the so-called Rosstat) updated the index of industrial production of petroleum products (petrol for 104.7 and 103.9 for diesel) and consumer prices
Avia
Drop in demand for aviatrips forces UTair to launch campagn for decrease expenses: in 2014-2015 it is decided to reduce 10% of stuff, 20% of flights, and also to postpone purchasing of 20 contracted Airbus
Banks and Credits
The Central Bank, led by Elvira Nabiullina has revoked the licenses of banks Purpe (Tyumen) and CreditBank (Elista), as well as non-Bank credit organization Utika (Moscow) in connection with their participation in “
Economy
French economist Jean Tyrol was awarded the Nobel peace prize for achievements in the field of Economics. In an interview to Europe 1, the hero noted that the main task of the country is now to invest
Economy
Since 2013, October 15 is the last date of submission for approval of the budgets of the 18 Eurozone member States, and this negotiation is even before the national budget approval.
Macroeconomy
In a recently published Credit suisse review of the Global wealth changes of household wealth in mid-2014 compared to mid-2013 are listed. The welfare of the world as a whole increased by 8.
Energy industry
Le Monde reports that the mandate of the current head of the French Electricity (Électricité de France) Henri Proglio, is expiring on November 22, 2014. The post will go to Jean-Bernard levy, who heads