Russian banks have begun to sharply reduce the issuance of credit cards, which has caused a wave of discussions among experts and consumers. In this article, we analyze the reasons for this trend: from high interest rates and Central Bank restrictions ... ... Banks Reducing Credit Card Issuance? High Interest Rates The Central Bank of Russia maintains a high key interest rate to curb inflation. High rates directly impact the cost of borrowing, increasing consumers' debt servicing expenses. Consequently, banks ...

The German auto industry, including such giants as Mercedes, BMW and Volkswagen, is under threat of a serious crisis. Trade tariffs, falling demand in Europe and strong competition in China have ... ... their revenues. Declining Demand in Europe: The European automotive market is facing decreased demand against a backdrop of high inflation, economic difficulties, and support policies for local producers. This diminishes the appeal of German brands' products ...

Magnit, Russia's leading retailer, is actively investing in expanding its store network, supporting domestic manufacturers, and implementing digital technologies. Find out how the company is developing infrastructure, increasing the availability of goods ... ... segment in Russia is characterized by high competitive saturation. Economic Challenges: Declining purchasing power and rising inflation may affect demand. Magnit continues to successfully adapt to market challenges by developing new lines of business and ...

... foreign securities will be available only to qualified investors in Russia. This step by the Central Bank is aimed at protecting unqualified investors from the risks associated with foreign assets, but will also limit opportunities for diversification and protecting savings from inflation. In this article, we analyze how the new rules will affect retail investors, their access to foreign markets, and the future of the Russian stock market. Foreign Securities to Be Available Only for Qualified Investors: What This Means for ...

Tomorrow brings critical decisions from the central banks of Turkey and South Africa, shaping emerging market currencies and global trade dynamics. U.S. labor market data and EU consumer confidence ... ... Decisions Central Bank of Turkey (2:00 PM MSK): The Central Bank of Turkey is expected to raise its key interest rate to combat inflation. This decision could strengthen the Turkish lira and impact trade relations with the European Union, particularly in ...