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