economics

The U.S. tax law that would force financial institutions worldwide to report to U.S. tax authorities will increase expenses and modify global banking culture, financial experts said today.

"From 2014 we will have another way of banking," said at a press conference the specialist in risk consulting firm Deloitte, Ramon Arosemena.

Very little has changed since the G-20 announced the end of offshore havens in 2009. A new report by the NGO ActionAid puts in question the British government's political will to combat the problem.

This year the Russian Engineering Union is celebrating its first jubilee. Within five years the organization not only united the leading companies of the country, but became a powerful driving force. The important step was made last year, when a new political trend connected with participation in All-Russia People’s Front arose. 

It is well known from the finance theory that “profit” and “risk” terms always go hand in hand, as in case of change of any parameter the other one changes as well. There are a lot of theoretical and applied researches based on the classic “Portfolio Theory” of Harry Markowitz describing a combination of risky and risk-free assets (practical financiers also widely use the William Sharpe ratio).

In the financial world occurrences which have not found their expression in fundamental scientific works yet regularly appear and persist for a long time. Let’s consider the most interesting and fundamental ones.

Eco products are driving out industrial production

“MB-Belyaevo” - 20 years of motion ahead!

In January 1992 the Russian automobile market saw a significant event: in the south of Moscow first authorized dealership of “Mercedes-Benz” was opened. It was the first not only in Russia but throughout the CIS. “MB-Belyaevo”, based on the principle of sincere love for client, has been successfully developing for 20 years.

 Several years of preparation and creation of infrastructure, months of discussing the agenda, a week of the summit and many million fireworks. All this is about the summit of Asian-Pacific Economic Cooperation (APEC) on Russky Island (Vladivostok) in 2012.