The Russian Ruble Collapses Against the Dollar and Euro: Stock Indices Show Negative Dynamics

The Russian Ruble Collapses Against the Dollar and Euro: Stock Indices Show Negative Dynamics

The Russian currency on Friday once again collapsed against the dollar and the euro, which in the course of trading exceeded the level, respectively, of 96 rubles and 106 rubles. At the same time, Russian stock indices showed negative dynamics. This is evidenced by the trading data of the Moscow Exchange. At 18:59 Moscow time, … Read more

The Most Reliable Crossover: The New 2023 Lexus RX Hits the Russian Market

The Most Reliable Crossover: The New 2023 Lexus RX Hits the Russian Market

In Russia, began selling the most reliable crossover in the world (according to the American company JD Power). We are talking about the latest generation Lexus RX, which, thanks to parallel imports, is also imported to the Russian Federation, writes Daily-Motor. The new 2023 Lexus RX has arrived in the country in both petrol and … Read more

AvtoVAZ Renames RN Bank and Elects New Board of Directors

AvtoVAZ Renames RN Bank and Elects New Board of Directors

AvtoVAZ decided to rename RN Bank, which previously belonged to the Renault-Nissan alliance that left Russia. Now the credit institution will be called Auto Finance Bank. In addition, AvtoVAZ terminated the powers of all current members of the Board of Directors ahead of schedule and elected its new composition, reports Interfax with reference to the … Read more

Understanding the Terms: Privatization, Offshore Zones, Dow Jones, Insiders, Market Makers, Precious Metals, Exchange Glass, Fibonacci Levels, Buyback, and Divestments

Understanding the Terms: Privatization, Offshore Zones, Dow Jones, Insiders, Market Makers, Precious Metals, Exchange Glass, Fibonacci Levels, Buyback, and Divestments

The content of the article Show Hide Thanks to the investment boom that began in Russia in 2021, many have learned how the market economy works, what the stock exchange is, who issues shares, and what a broker is for. The simplest definitions and terms have come into use and almost no longer raise questions. … Read more

Banki.ru Launches Groundbreaking Loyalty Program for Financial Marketplace

Banki.ru Launches Groundbreaking Loyalty Program for Financial Marketplace

Banki.ru was the first among financial marketplaces to launch its loyalty program. Users can receive cashback, discounts and promotional codes for participating in promotions when purchasing financial, insurance and investment products. Banki.ru promotions and partner offers are updated and launched several times a month. In order to join the loyalty program, you need to register, … Read more

Credit Europe Bank Raises Rates on “Term” Deposit to 8.4%: Banki.ru Users’ Choice

Credit Europe Bank Raises Rates on “Term” Deposit to 8.4%: Banki.ru Users’ Choice

Credit Europe Bank raised the rates on the “Term” deposit for 730 and 1098 days to 8.4% per annum (previously for 730 days the rate was 7.65%, for 1098 days – 7.9%). The minimum deposit amount is 3 thousand rubles. Additional contributions and expenditure operations are not provided. Interest is paid at the end of … Read more

The Phases of Economic Cycles: Boom, Peak, Bust, and Bottom

The Phases of Economic Cycles: Boom, Peak, Bust, and Bottom

The content of the article Show Hide According to modern economic theory, the market economy is subject to repeated fluctuations – economic cycles. At the stage of recovery, there is an acceleration of production and an increase in prices, at the stage of recession – on the contrary. Each cycle includes several phases – a … Read more

Former Owner of Bank Reserve Arrested in Absentia for Embezzlement Charges

Former Owner of Bank Reserve Arrested in Absentia for Embezzlement Charges

On July 5, a court in Moscow arrested in absentia Alexander Ivanov, the former owner of the bankrupt Ural bank Reserve, for two months. The entrepreneur is accused in the case of embezzlement of funds belonging to his credit institution, writes “Kommersant”. According to investigators, Ivanov is outside Russia. Previously, he was put on the … Read more

Rising Prices of Popular Used Cars in Russia: LADA Priora, VAZ-2114 Samara, LADA Granta, and More

Rising Prices of Popular Used Cars in Russia: LADA Priora, VAZ-2114 Samara, LADA Granta, and More

For three years, the most popular used cars on the Russian market with mileage worth up to 1.5 million rubles have risen in price by about half. In particular, the most popular model in the top 10, LADA Priora, which accounted for 5.3% of total demand, in January-April rose by 39.5% to 300 thousand rubles … Read more

Top Used Car Brands in Russia: Kia, Toyota, and Hyundai Dominate

Top Used Car Brands in Russia: Kia, Toyota, and Hyundai Dominate

Russians have shown a preference for Japanese and German brands when it comes to buying used cars this year, according to a study conducted by the SberAvto service. The most popular brands among used cars in Russia are Kia, Toyota, and Hyundai. The study found that in the period from January to May 2023, Japanese … Read more