Audit Chamber Director Alexei Kudrin says a maximum of RUB2-3bn ($32.6-48bn) are stolen from the Russian federal budget annually, Vestnik reported on January 14.
The value of the Russian economy was $1.657 trillion in 2019, making the stealing equivalent to 1.9%-2.9% of GDP.
MNB governor Gyorgy Matolcsy blamed the government for a lack of strategy that has contributed to spiralling prices.
Moscow saw a record of 4.96mn sqm of housing space completed in 2019, up by 40% year-on-year, and highest level of residential construction since the 1965 mass housing blitz carried out by Nikita Khrushchev.
Installed by a heterogenous group of parties and MPs, and with term elections looming towards the end of this year, the scope of Ludovic Orban’s government to take action on issues such as tackling Romania’s budget deficit is very limited.
Survey also shows 87% of consumers make point of comparing prices at supermarkets before heading to shops. Figure is up from 72% a year ago.
EU officials to start working on changes to the enlargement methodology soon in attempt to persuade French President Emmanuel Macron to approve start of negotiations with Albania and North Macedonia.
Pro-regime protesters, meanwhile, set alight union jack after UK ambassador detained after leaving vigil for victims at which chanting started.
Three of Russia’s best known veteran real estate businessmen have come together to form L.O.P. to develop urban warehousing that targets Russia’s booming last mile e-commerce sector.
Just six months ago forecast was for contraction of only 4.5% in face of US “economic war”.
Backlog of Turkish contract work in conflict-torn country amounts to $16bn says business council representative. Ankara militarily backing Tripoli government in bid to ensure its survival.
Moscow’s Basmanny Court on January 9 prolonged the house arrest of Michael Calvey, US citizen and founder of leading Russian fund Baring Vostok private equity firm, until February 13.
Sales of hybrid cars, combining an internal combustion engine and an electric motor, in the Czech Republic increased by 73% year-on-year to 8,346 cars in 2019, while the domestic automotive industry market declined
Belarusian President says Russian natural gas monopoly Gazprom earns "three times as much in Belarus than in Germany" from gas sales amid the lack of agreement with Moscow on new oil and gas subsidies for Minsk.
Adds that Iranians were prepared to fire even thousands of missiles if US had militarily responded to Iraq airbase strikes. Up to 500 Americans could have died in ‘first phase’ he claims.
Iranian civil aviation chief insists: “Scientifically, it is impossible that a missile hit the Ukrainian plane, and such rumours are illogical.”
Neno Dimov was detained over illegal siphoning from a reservoir that deprived a major industrial town of water supplies. He is the first serving minister ever to be arrested in Bulgaria.
Confidence said to be growing among issuers after US-Iran crisis made for a slow start to CEEMEA bond issuance.
Aircraft crashed hours after Iranian missile attack on Iraq airbases began. Ukrainian president cautions against "speculation or unchecked theories" but little has yet been ruled out.
Not a lot to choose between Turkey's two largest private banks but mismanagement of economy means there are reservations about both, says analyst.