Articles by: Viliyana Filipovamm

Mark Carney agreed to remain at the head of the Central Bank of England by January 2020

September 12, 2018 9:43 amComments Off on Mark Carney agreed to remain at the head of the Central Bank of England by January 2020
Mark Carney agreed to remain at the head of the Central Bank of England by January 2020

Mark Carney has agreed to remain at the head of the Central Bank of England for another seven months, extending his mandate for the second time, to help the British economy run through the Brexit. British Finance Minister Philip Hammond has put an end to the speculation about the future of Mark Carney, telling MPs that he will not withdraw as planned in June 2019. “I have discussed with the […]

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Russia’s GDP grew by 1.9% yoy in Q2 2018

September 10, 2018 11:39 pmComments Off on Russia’s GDP grew by 1.9% yoy in Q2 2018
Russia’s GDP grew by 1.9% yoy in Q2 2018

The Russia’s GDP grew by 1.9% yoy in Q2 2018, compared with a preliminary growth estimate of 1.8% and an expansion of 1.3% in the first three months of the year. The stronger growth rate is mainly due to the profits made by hotels, the transport sector and restaurants due to the positive effect of the World Cup. In addition, the production and mining increased at a faster pace. The […]

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Russian ruble recorded another devaluation against the US dollar

5:07 amComments Off on Russian ruble recorded another devaluation against the US dollar
Russian ruble recorded another devaluation against the US dollar

The Russian ruble recorded another devaluation against the dollar, reaching more than 70 rubles on Monday for the first time since March 2016, still under pressure from worries and uncertainty about US sanctions. At the opening of the market earlier today, one dollar was exchanged for 70.16 rubles, thus the annual losses for the Russian currency rose to 19%. The Russian Central Bank will meet at the end of the […]

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British economy grew by 0.3% in July

September 9, 2018 10:21 pmComments Off on British economy grew by 0.3% in July
British economy grew by 0.3% in July

The British economy grew by 0.3% in July on a monthly basis, supported by the heat wave and the World Cup, according to data from the Office of National Statistics. For the second quarter of the year there was a growth of 0.6% on a quarterly basis – the fastest rate of acceleration of nearly an year. “The services were strong, and retail sales were good, boosted by the warm […]

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The EU and Eurozone economy continues to grow in the second quarter

September 7, 2018 10:54 pmComments Off on The EU and Eurozone economy continues to grow in the second quarter
The EU and Eurozone economy continues to grow in the second quarter

The European Union (EU) economy grew by 0.4% in the second quarter of 2018, according to the original seasonally adjusted data of Eurostat. Thus, the EU economy kept its growth in the first three months of this year. On an annual basis, however, the gross domestic product of the EU increased by 2.1% in the period April-June. However, there was a slight slowdown in comparison with the previous quarter when […]

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