19.02.2025

Stream press conference of the ECB head Mario Draghi

The European Central Bank President Mario Draghi holds a press conference following the meeting of the governing Council in Riga.

As reported “Vesti.Economy”, the ECB stated that it will continue to make net purchases under the asset purchase program (APP) by €30 billion a month until the end of September. After September the monthly net asset purchases will be reduced to €15 billion until the end of December 2018, and then net buying will be terminated.

The ECB left the interest rate on loans to zero, the Deposit rate at minus 0.4% per annum, the rate on margin loans – by 0.25% per annum. The regulator intends to keep interest rates at their current levels at least until the summer of 2019.

A text stream

Draghi: the governing Council came to the conclusion that there had been “significant” progress towards sustainable adjustment of inflation towards the target level (less than 2%).

We are ready to adapt our tools to achieve our goals for inflation.

Inflation in the Eurozone reached a maximum of 13 months

Consumer prices in the Eurozone in may increased by 1.9% in annual terms, according to final figures from the Statistical office of the European Union (Eurostat). Inflation accelerated to its highest level since April of 2017.

The figure was in line with a preliminary estimate and analysts.

According to revised data, in April inflation in the Eurozone was 1.3%, 1.2%, as previously reported. The inflation target of the ECB is “nearly 2%”.

Compared with April, consumer prices in the Eurozone last month rose 0.5%.

Consumer prices excluding volatile factors such as energy prices, food and alcohol (Core CPI) in may increased by 1.1% in annual terms, after rising 0.8% a month earlier.

The cost of energy in may jumped 6.1% in annual terms, after rising 2.6% in April.

Food, alcohol and tobacco products rose by 2.5%. In April, it was recorded an increase in value of 2.4%.

The price of services in may increased by 1.6% after rising 1% in the previous month.

Consumer prices in the European Union in may increased by 2% yoy and by 0.5% compared with April.

Among EU countries the minimum annual inflation was registered in Ireland (0.7%) and Greece (0,8%). The highest price growth in annual terms was recorded in Romania (4,6%) and Estonia (3.1 percent).

In Germany, consumer prices in may jumped 2.2% in annual terms, after rising 1.4% the previous month. In France inflation accelerated from 1.8% to 2.3%, in Italy from 0.6% to 1%. In Spain in may recorded the acceleration of inflation from 1.1% to 2.1%.

France withdrew from billionaire Kerimov all charges

Cleared of all charges in France Russian billionaire Senator Suleiman Kerimov, told reporters his lawyer Nikita Sychev.

“Cleared of all charges. I will not comment. The passport has to give soon, the pledge will also return,” the lawyer said (quoted by RIA “Novosti”).

The Senator from Dagestan Suleiman Kerimov was arrested on November 20, 2017 at the airport of nice, previously reported “Missing. Economy.”

He was later charged with money laundering and tax evasion in France. The period of detention the Russian Senator Suleiman Kerimov, on 21 November, was extended for another day, despite an, the Russian foreign Ministry a note of protest to the French authorities.

The Senator was in nice for personal reasons, so the diplomatic passport he was not. After two days of many hours of interrogation, Suleiman Kerimov was taken to court on 22 November evening for election of a measure of restraint. Then the court released the victim on bail of €5 million He was obliged not to leave the Department of Alpes-Maritimes and a few times a week to report to the local police. In December the court of Appeal of AIX-EN-Provence Prosecutor’s office refused to arrest the Russian Senator Suleiman Kerimov, but increased the bail amount from 5 million to 40 million euros.

Suleiman Kerimov – the Senator from Dagestan in the Federation Council since 2008, According to Forbes, his fortune is estimated at $6.3 billion Family Kerimov owns the largest gold mining company in Russia PJSC “Polyus” (82,44%) and the airport of Makhachkala.

The chief editor of Forbes in Russia fired for poor performance

Nikolay Uskov dismissed editor-in-chief of “Forbes Russia”, a personnel decision is due to the poor quality of his work and systematic violations of labor discipline, according to the ACMG media group, which owns the publication.

Nikolay Uskov. Photo: Forbes.ru

“Nikolai Uskov, dismissed editor-in-chief of Forbes, the acting, the Nikolai Mazurin, who previously held the post of chief editor of the publication. Personnel decisions shall enter into force on 9 June.

This decision is due to dissatisfaction with the quality of the work of Nikolai Uskov, the post of chief editor, systematic violations of labor discipline, paragraph of the labor contract is not about competition,” explained Director of public relations international media group ACMG Dmitry Osman.

Mazurin was one of the originators of Russian Forbes and an expert in business journalism. “Mazurin will be responsible for the editorial work of the magazine Forbes website Forbes.ru and will continue to develop communication with medium and large businesses,” – said the media group.

Work Forbes Life oversees its chief editor Andrei Zolotov.

International media group ACMG will continue to develop the already-established formats (Forbes clubs, Forbes conference) and new directions – media platform Forbes Video, club Forbes private capital Investment Club and other areas.

Uskov was the head of Russian of Forbes from January 2016 From 2003 to 2012 was the chief editor of the Russian edition of GQ magazine. In 2012, the media group headed by Mikhail Prokhorov, “Live!”, which was part of the magazine “Snob”, “Russian pioneer”, the cable TV channel “Live!” and the site snob.ru. In early 2013, the group ceased to exist, there are two project – TV channel “Live” and “Snob”. The head of the latter was Uskov.

“Friends, today Alexander Fedotov fired me from Forbes magazine. For participation in the program “Special opinion” on “echo of Moscow”, – said Uskov on his page in Facebook.

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