The number of countries transmitting information about tax residents to Russia has increased
The organization for economic cooperation and development (OECD) continues to fight tax evasion and illegal profit-withdrawal schemes. One of the methods is the automatic exchange of information about foreign accounts,…

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Homes for Sale in Atlanta
Knight Frank named the most prosperous cities in the world
International consulting company Knight Frank has prepared a report City Wellbeing Index 2020. Analysts measured the quality of life in 40 cities around the world. Knight Frank experts have developed…

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France has imposed a 15-day quarantine
On the evening of Monday, March 16, French President Emmanuel macron made a televised address to the nation, in which he announced the introduction of a quarantine in the country…

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The fed lowered its interest rate due to risks to the US economy

The regulator took emergency measures in connection with the spread of the coronavirus and the fall of markets. For the first time since the 2008 financial crisis, the rate decision was made at an emergency meeting. Donald trump is in favor of even more base rate cuts.

The us Federal reserve, which serves as the country’s Central Bank, lowered the interest rate by 50 basis points to 1 – 1.25% on March 3 as a measure of economic stimulus. The decision was made after an emergency meeting.

The US economy remains strong, but the spread of the coronavirus poses growing risks to economic activity, the fed said in a statement.

“The virus itself and measures against its spread, of course, will affect economic activity for some time, both here and in other countries,” — commented on the decision of the head of the Federal reserve Jerome Powell. “We are confident that this measure will be able to seriously revive the economy,” he added.

The last time the fed announced an interest rate cut after an emergency meeting was in 2008 during the global financial crisis.

US President Donald trump has called for an even bigger rate cut. “It’s finally time for the fed to take the initiative. More easing and lowering!» – the President wrote on Twitter.

Trump has recently repeatedly called on the fed to cut interest rates.

Golden visa in Spain
Golden Visa is an unofficial name for special government programs that provide foreigners with a residence permit or permanent residence for investment in the country's economy. Golden visa " is…

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Russia completely stops air traffic with other countries
Since March 27, flights abroad from Russian airports and in the opposite direction will stop. There will only be flights for the export of Russians from abroad according to the…

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International companies invest in Greece
More and more companies with an international name and reputation are investing in Greece, writes Ekathimerini. The government of the country seeks to simplify the conduct of business and facilitate…

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Russia has restricted air traffic to all countries of the world
Only regular flights from Moscow to the capitals or major cities of foreign countries are maintained. Here is a full list of current flights. Russia has restricted air traffic to…

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