On June 20, Novikom, part of Russia’s Rostec Corporation, inaugurated its first bank branch in Cuba, a longtime partner. This initiative bridges the financial infrastructures of Russia and Cuba, countries both facing U.S. sanctions. Moreover, the new branch will bolster dependable financial exchanges and stimulate shared investments. Elena Georgieva, President of Novikom, underscored the branch’s […]
Related Posts
Brazil’s Service Sector Confidence Declines in May: Economic Implications
The Service Confidence Index (ICS) dropped by 0.6 points in May, reaching 94.2 points. This marks the second consecutive decline, according to the Getúlio Vargas Foundation (FGV) on May 29. However, the index remained stable in three-month moving averages compared to April. FGV/Ibre economist Stéfano Pacini highlighted that service sector confidence fell for the third […]
Dorival Júnior’s First Brazil Team Picks
On March 1, 2024, Brazil’s national soccer team coach, Dorival Júnior, announced his team lineup. This event took place at the CBF office in Rio de Janeiro. He chose 26 players for matches against England and Spain in March. The coach is looking ahead to the World Cup in two and a half years. He […]
No New Constitution for Chile Under Boric’s Leadership
Chile’s President Gabriel Boric has announced the conclusion of efforts to revise the nation’s constitution. This decision comes after two failed plebiscites to replace the 1980 constitution, established during Augusto Pinochet’s dictatorship. The president’s declaration marks the end of a political era that began with the 2019 social upheaval. Boric’s statement, following a democratic process […]