... and how does it affect the Russian economy? Devaluation is the process of reducing the value of the national currency in relation to foreign currencies. Simply put, this means that the ruble, which yesterday could buy a certain amount of dollars or euros, is worth less today. For example, if earlier one dollar was worth 60 rubles, and now it is 80, then the ruble has become cheaper, and this is called devaluation. Devaluation greatly affects the purchasing power of citizens and the country's economy....

... tightening its monetary policy. Eurozone Industrial Production (September) — Published at 10:00 GMT Industrial production data across the Eurozone provides insights into the region's manufacturing and production capacity. Positive results can support the euro and European stocks, while a downturn might signal economic challenges, affecting investor sentiment in European equities. 2. Asian Market Events Japan Revised Industrial Production (September) — Published at 04:30 GMT Japan’s revised industrial ...

... Key Economic Events for Investors 1. European Market Events Eurozone Trade Balance (September) — Published at 10:00 GMT The trade balance report reveals the difference between exports and imports across the Eurozone. A strong surplus supports the euro and signals demand for European goods. A deficit could raise concerns about economic resilience, especially in export-driven sectors. Germany Industrial Production (September) — Published at 07:00 GMT This report offers insights into the German ...

... manager or administrator. Budget It is commonly believed that millions are required to invest in the restaurant business abroad. However, this is not necessarily true. To invest in an established business on rented premises, an investment of 100,000 euros is sufficient. This could represent a small establishment with its own customer base, capable of generating stable profits even without repairs or redevelopment. Investments that involve purchasing property in Europe will cost more than 500,000 ...

..., they will lose the accrued interest. Therefore, if there is a risk of needing the entire sum in the near future, one should avoid long-term deposits, preferring terms of 1-3 months instead. Additionally, the interest rates for deposits in dollars, euros, and the national currency can vary significantly. Rates in dollars and euros are considerably lower due to devaluation risks. It is also crucial to carefully read the contract. Often, banks include a clause regarding automatic renewal of the deposit....