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What do you think about the report of MKB for 9 months reduced net profit under IFRS to 28 billion?
... with an increase in reserves and a decrease in income from securities. Find out how MKB is adapting to economic challenges and what steps it is taking to strengthen its position.
Answer from Sergey Tereshkin for the subscriber-investor:
The 9-month reporting of MKB shows that the bank faced certain difficulties, which were reflected in the reduction of net profit to 28 billion rubles. The 29% decrease in profit is mainly due to the growth of reserves for asset impairment and a decrease in income ...
RIA Novosti/Prime: "Oil Resource Group Plans to Go Public in 3-4 Years"
... the fuel market plans to strengthen its position by entering the stock exchange.
The trading group of companies "Oil Resource Group" plans to go public with an initial public offering (IPO) in three to four years, CEO Sergey Tereshkin told reporters.
"We want to go public in three to four years. The bond issuance is a small step in this direction. Transparency of the company, IFRS reporting, obtaining a rating – we are becoming more transparent and streamlining all internal processes,...
European Economy Losing Competitiveness: Causes and Consequences
The European Commission report to be presented next week reveals serious problems facing the EU economy. High energy prices and bureaucratic barriers are jeopardizing the position of European companies on world markets. What consequences does this have for businesses, investors ...
Making Millions on Dogecoins: Top Executive Leaves Goldman Sachs
... a joke than a cryptocurrency that should be taken seriously. However, a London banker seemingly managed to rake in millions by liquidating positions at an all-time high for the coin.
Aziz MacMahon has recently made headlines in the UK. The Guardian reports that the Goldman Sachs executive has reaped "substantial profits" from his investments in the meme cryptocurrency Dogecoin. According to the media, the earnings have been so significant that MacMahon has either retired or, at the very ...
Corruption: a systemic threat to society and ways to overcome it
... powers to investigate corruption cases.
Introducing mandatory declaration of income and property of officials: increasing transparency and the ability to identify illegal enrichment.
Protection of whistleblowers: legislative protection for individuals reporting corruption violations.
2. Transparency and accountability:
Implementation of e-government systems: reducing personal contact between officials and citizens, automating processes.
Providing access to information on government expenditure: publishing ...