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Real Madrid top football rich list for 10th year running

Real Madrid has matched its 10th triumph as champions of Europe by topping the Deloitte football rich list for a 10th straight year. Manchester United moves up from fourth to second on the list, which is based on season 2013-14 revenues. Bayern Munich, Barcelona and Paris Saint-Germain filled the next …

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Russian business is braced for “much worse”

The last six months has been a torrid time for Russia’s business and companies operating there, but the worst could be yet to come. “We will see a much worse time in Russia. A lot of mistakes have been made. It will maybe be over by September,” Oleg Deripaska, president …

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Ukraine asks IMF for new bailout funds – Davos 2015

The Ukrainian government just released a statement, confirming it has asked the IMF for more support. In it, Ukraine Minister of Finance Natalie Jaresko argues that investors should welcome it (even though Ukraine is also planning to restructure its debt). “The markets were expecting this step and should welcome it …

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Lithuania is ready to start OECD membership negotiations

President Dalia Grybauskaitė is attending the World Economic Forum in Davos, Switzerland, and is scheduled to meet with heads of Germany, Ukraine and Georgia. According to the president, major global companies like Google, Nasdaq as well as biotechnology and pharmaceutical company Thermo Fisher show interest in investing in Lithuania.

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The Guardian: Russia’s ruble crisis poses threat to Georgia

The recent collapse of the Russian ruble is posing a threat to nine countries relying on remittances including Georgia, claims one of Britain’s leading newspapers. Georgia and eight other countries, which heavily rely on cash sent home from Russia for their economic buoyancy, could collectively lose more than $10 billion …

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