Russian Prime Minister Vladimir Putin in his speech in Sochi indicated that he has not made up his mind yet whether to candidate in the Presidential Elections of 2012. Meanwhile he reminded that the President of USA Franklin Roosevelt was elected four times.
The SX7P shares value has dropped in the European banks. This was caused due to the doubts about the efficiency of state creditors' issue of loans, which occurred shortly after the Wall Street Journal published an article on stress test results and the bank's Basel III capital move uncertainty.
Experts are of the opinion that, alongside with growing inflation,the Central Bank of Russia should reconsider the option of increasing the interest rates.
Estonian government wants to reduce subsidies for renewable energy producers, thus reducing costs for consumers, indicates Minister of Economic Affairs of Estonia Juhan Parts. The Ministry of Economics of Estonia plans to prepare amendments in the bill.
For the first time in the history, the Lithuania mobile phone application developer GetJar, has been recognized as one of the world’s most innovative companies for the category Technology Pioneer 2011 in World Economic Forum (WEF).
The European Central Bank (ECB) will not change its record low interest rate – 1%. The impressive growth of Germany does not make amends to the management of ECB, as the European financial market is again confronted with concern about the performed loan operations.
The Bank of England, fearing new crisis wave, intends to introduce restrictions on the maximum amount of mortgage loan. In this way, the bank hopes to avert another financial crisis, while those who wish to get a mortgage, will have to open a special deposit account, issued by the creditor that will be 10 - 25% of property value.
Due to the ongoing flooding in Pakistan, clothing and bedclothes might become more expensive. Textile manufacturers around the world are anticipating a new rise in cotton prices, because the severe flooding has significantly affected Pakistan’s cotton industry.