Economics


Real incomes of Russians continue to decline

The real incomes of Russians continue to decline, although the the country’s economy has marked a recovery in 2016. In April the income decrease has reached the level of 2009. Consumer spending, which was the…


Moodys

Moody’s downgraded Hong Kong’s credit rating

The rating agency Moody’s downgraded Hong Kong’s credit rating for the first time in 28 years after it earlier announced the same measure against China. Moody’s motivated its decision with the risks associated with the…



Jeroen Dijsselbloem

Eurogroup delays its decision on Greece

The Eurogroup delays its decision on Greece, said the chairman of the institution at a press conference in Brussels. The meeting, which lasted for hours, was interrupted for talks and further clarifications. The individual meetings…