Eurasia Business News

This episode is also available as a blog post: http://eurasiabusinessnews.com/2022/10/27/european-central-bank-raises-key-rates-by-75-basis-points/

The European Central Bank (ECB) raised the key interest rate by 75 basis points to 2% per annum. This is the third rate hike announced by the Frankfurt institution since July.

Last time, the key rate was increased by 75 points on September 8.

This episode is also available as a blog post: http://eurasiabusinessnews.com/2022/11/02/sberbank-sold-43-of-fortenova-group-to-investor-from-the-united-arab-emirates/

Sberbank sold 43% of Fortenova Group (created on the basis of the Croatian retailer Agrokor) to an investor from the United Arab Emirates (UAE), according to the press release.

“The buyer is a large investor from the UAE Saif Alketbi, whose assets include real estate, technology and high-tech companies,” Sberbank said.

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This episode is also available as a blog post: http://eurasiabusinessnews.com/2022/11/06/the-china-international-import-expo-opened-in-shanghai/

Companies from 145 countries and regions of the world are taking part in the fifth China International Import Expo (CIIE), which takes place in Shanghai on November 4-10. The opening ceremony was held on Friday. The organizers of this international exhibition claim that its scale will be larger than last year.

The theme of this year’s Expo is "Stimulating Global Opening-up for Shared Opportunities of Cooperation and Development".

This year, 66 countries, including Russia and India, and three international organizations will present their expositions at the National Exhibition and Congress Center.