SIAB Bank Joins Finstar Holding and Changes Name to FINSTAR BANK

SIAB Bank Joins Finstar Holding and Changes Name to FINSTAR BANK

Shareholders were invited to decide on the renaming of the Bank SIAB to FINSTAR BANK at the general meeting of shareholders on September 19, 2023. SIAB Bank will join the Finstar holding brand with subsequent renaming into PJSC FINSTAR BANK and the launch of the rebranding process. The changes will come into force after the … Read more

The Rising Popularity of Chinese Cars in Russia: Survey Results and Trends

The Rising Popularity of Chinese Cars in Russia: Survey Results and Trends

Almost two-thirds of Russians (64%) generally consider Chinese cars a worthy replacement for foreign cars that left Russia, and 59% agree with the statement that the quality of Chinese cars has become better. These are the results of a survey conducted by Otkritie Avto, the auto business unit of Otkritie Bank. 17% of respondents believe … Read more

AvtoVAZ Promises No Price Increases for Basic and Budget Cars Despite Reports

AvtoVAZ Promises No Price Increases for Basic and Budget Cars Despite Reports

AvtoVAZ has promised not to raise prices for inexpensive cars yet – basic and budget versions of cars with deep localization of production. At the same time, “correction” of prices for cars in expensive configurations is not ruled out, the company said. This is how AvtoVAZ reacted to reports from a number of media about … Read more

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