Sharing Economy News: October 2014

Monday, October 20, 2014

Asten gets more than one million euros from bankrupt Icelandic bank … – Omroep Brabant

PROBE – A financial windfall for Asten. The municipality receives an amount of over one million euros from the bankrupt Landsbanki from Iceland. This reports the Eindhoven Dagblad Monday night.

A total of sixteen Dutch governments, including municipalities and Asten Zundert, garaged 172 million in Landsbanki, which went bankrupt in 2008. Had In January 2012 Asten was more than three tons back.

Gives a good feeling
Asten is in a legal battle with Iceland for years. The board went months of up to 800,000 euros to get back. It is thus at least two tons, reports

the local

paper.

Councilman Jac van Bussel is pleased that a line can be below the issue. “That feels good,” he says to the newspaper. “Because we now no longer have time and energy to stabbing. Herein alone”

Attractive savings rates
Landsbanki was the parent bank of internet bank Icesave. Six years ago, the bank came in sight of Dutch investors through cost savings rates. More than a hundred thousand Dutch brought together billions of euros to the Icelandic bank.

Apple sells more iPhones and Macs but fewer iPads – NU.nl

This is evident from the quarterly figures for the fourth quarter of the prior fiscal year from Apple. That quarter is the months of July, August and September.

During those months, Apple sold 39.2 million iPhones, an increase of 16 percent compared to the same quarter last year. The distribution of models is therefore not disclosed. The new iPhone 6 and 6 Plus are available. Since September 19

The demand for new iPhones, according to Apple CEO Tim Cook “duizelinwekkend”. In every country where Apple iPhone 5S sold last year, the demand for the new iPhones this year was bigger. The question might even be so great that Apple is worried whether it is the high demand during the Christmas season can satisfy.

The number of iPads sold has fallen compared to last year, with 13 percent to 12 3 million units last quarter. Last year, Apple sold 14.1 million iPads still in the same period. Cook calls the decline in iPad sales a “speed bump” where the company will get over it.

Record number of Macs

The number of Macs sold grew by 25 percent or sharply, to 5.5 million copies sold in the past quarter. That’s right the greatest number of Macs that Apple has ever sold. One quarter

In the same quarter last year, Apple sold more 4.6 million Mac computers. That number increased by, with a dip in the first three months of this year.

It is notable that Apple loss in revenue due to the decline in

iPad sales captures the sharp rise in the number of Macs sold. Where sales of iPads by 14 percent decreased compared to Macs, sales increased by Macs by 18 percent. It is the first time since the introduction of the iPad in 2011 that the revenue for Macs is greater than that on iPads.

The number of iPods sold continues to decline, as is the case for several years. Last quarter were 2.64 million iPods, down 24 percent compared to last year.

Slight increase in profit

That Apple provides a turnover of 42.1 billion dollars (32.7 billion euros), an increase of 12 percent compared to the same period last year. The benefit that is about $ 3 billion higher than analysts had predicted.

The profit amounted past three months, $ 8.5 billion, an increase of 3.66 percent compared to last year.

Are most profitable quarter, Apple still expected to go. The first quarter of its fiscal year has broken the Christmas season. During that period, sales records iPhones and iPads are regularly broken.

Apple presented last week the thinner iPad 2 Air and a version of the iPad Mini with Retina fingerprint scanner. In addition, among other things, presented a new iMac, with a 5K retina display

Read our review of the iPhone 6. | See what we think of the great iPhone 6 Plus

Eight reasons why iPad sales collapses

Lufthansa cancels 2000 flights through strike – AD.nl

Edited by: Editorial
20-10-14 – 11:03 Source: Reuters Aircraft Lufthansa stand still at the Franz-Josef Strauss airport in the German city of Munich. © AFP.

The Pilots strike at Lufthansa are the next two days over two thousand flights canceled. That made Lufthansa announced today. The cancellations are in addition to the thousands of flights that the German airline earlier this year had to delete by work stoppages.

The pilots are in conflict with the management

of the airline group over austerity plans, which may include the retirement age is increased. The pilots of the long-haul tomorrow lay down their work between 06.00 and 23.59. The short to medium distances are taken between now 13.00 and 23.59 tomorrow.

Previous actions of the pilots surpassed European traffic of Lufthansa and that budget subsidiary Germanwings. The series of strikes is the longest ever in the history of the aviation company.

Travelers at Schiphol do not need to worry about any consequences of the German pilots strike. “There is little evidence of this,” a spokesman know today.

Friday, October 17, 2014

Middle class deserves well to cruising – Haarlem Dagblad

By Pieter van Hove – 17-10-2014, 15:09 (Update 17-10- 2014, 15:14)

-IJMUIDEN – The IJmuidense middle class earns good on the cruise, we can use the numbers from the Cruise Lines International Association (CLIA) believe. The data show that on average 42 euros a passenger spends in port. For a crew that is 19 Euros. IJmuiden belongs – in addition to Amsterdam and Rotterdam -. Until the Dutch top-three in the cruise

The cruise industry accounted for 357 million direct spending over the past year. That is an increase of 1.6 percent from the previous year. In 2013 96.000 cruise passengers chose our country as a departure port and another 228,000 international travelers visited the Netherlands during their cruise. Of the total of 357 million euros, the cruise lines spent 268.5 million to include supplies, fuel and hotels. The rest is partly the

result of revenues from passengers and crew.

The majority of these, 30.6 million, is generated by revenues from tourists departing from the Netherlands. The expenditures of the previously mentioned 228,000 international travelers visited the Netherlands during their cruise, generated another 10.5 million.

Of the three largest cruise ports received the Passenger Terminal in Amsterdam, most passengers, namely 161 749 persons. In the Netherlands, the cruise industry accounts for 5,826 jobs with a total payroll of 166 million, 1 percent more than last year. The growth of the cruise market at European level also continues. The direct expenditures that have been initiated by the cruise industry in Europe in 2013 amounted to 16.2 billion (in 2012 € 15.5 billion). In the global cruise industry is $ 117 billion.

Tuesday, October 14, 2014

AFM fined Charlene de Carvalho-Heineken – Financieel Dagblad (Registration)

Charlene de Carvalho-Heineken, the daughter of Freddy Heineken, has been criticized by the Netherlands Authority for the Financial Markets (AFM). She gets an administrative penalty of € 375,000, because transactions in Heineken Holding been reported. Too late

This made the stock market watchdog said Tuesday . A spokesman of the Heineken family said earlier that a mistake has been made. There in the sentence seems AFM take this into account: the initial fine of € 500 000 is moderate because a press release is issued in which the purchase of shares is announced, and because transactions from other buyback programs have been reported on time in the past

De Carvalho-Heineken

bought between September 9 and December 21, 2013 in 61 transactions for approximately € 50 million of shares purchased in Heineken Holding, the major shareholder in the Amsterdam Brewery. She did so through L’Arche Green, a vehicle that holds a controlling interest in the family business. The family behind the brewer regularly buys additional shares to maintain control.

This time however, did not meet the Carvalho-Heineken to duty that she has to ‘immediately’ to report. trading stocks Heineken as auditor of the company As a result, investors were not well informed about the financial instruments of Heineken Holding.

Falling oil prices put no brake on production – Volkskrant

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TomTom start online navigation – Car Today

TomTom exploited the potential of the Internet and comes with an online navigation service for clients and devices do not have the ability to save. Navigation maps

The new service opens up opportunities for manufacturers of mobile devices (such as eyewear and watches) or developers Navigation to apply,

including the familiar functions such as traffic, without any (first) navigation maps to be downloaded. using an Internet connection The service follows the announcement that TomTom cooperation with deCarta – a provider of mobile services – has expanded

FNV merger would still succeed – Telegraaf.nl

THE HAGUE –

The FNV still trying to succeed. the proposed merger The members of FNV will once again vote for the end of this year on the proposed merger between the FNV unions and the Confederation. Foreman Ton Heerts remains at

(LEFT) Corrie van Brenk (Abvakabo), Ton Heerts (FNV) and Ellen Dekkers (Allies) during a press conference on the steps leading to the merger of the FNV.

(FROM LEFT) Corrie van Brenk (Abvakabo), Ton Heerts (FNV) and Ellen Dekkers (Allies) during a press conference on the steps leading to the merger of the FNV. Photo: Reuters

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(! Reporter Ertan Basekin is present at the press conference of the FNV, look below for the Twitter feed.)

That proved Tuesday at a press conference of the FNV in The Hague. It is intended that a new conference is organized in late November. It is the same merger proposal on the agenda as the last time. That motion failed when enough support.

New mood

The Board of FNV, which wanted to retire earlier, remains on. According to the FNV more than 125 participants in the FNV Congress have asked for a new conference.

To unsubscribe from an additional conference must be at least 10% of the 401 participants request it. However, some FNV’ers complained on Twitter that now a democratic decision taken slicing is unplugged. They also fear that “there will be tuned to the outcome is good

indeed.”

FNV foreman Ton Heerts has about two years the fire got out of slippers to establish a merger between the large FNV unions. In recent days, there was also speculation about the sustainability of the President. But Heerts continues, partly because of the “overwhelming support” for the merger.

Deception

The proposed merger seemed a few weeks ago was in the bag and within the FNV top actually no one assumes that the whole operation sometimes to smear.

The emotions were running high last week than during the congress of FNV in the World Forum in The Hague, after members of a deception of the largest FNV union the proposed merger with FNV Bouw FNV Sport, Abvakabo and the Confederation had rejected.

Distribution of budgets

Of the voting members at the Congress voted a grand total of 64 , 62%, but there was a two-thirds majority (66.7%) required to approve the proposal.

Pre was already clear that within FNV there were major concerns about the merger. Especially the seniors within the union see nothing in the merger plans, partly because of the impact on employment and the distribution of the budgets.

Abvakabo and Building indeed for

Initially there were fears that would be especially Abvakabo, cross but the members of the union voted like FNV Sport, FNV Bouw and parliament members of the FNV by a large majority for the merger

Tweets fromhttps:. // twitter .com / dft / lists / conference-fnv

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Ten-year rate Netherlands: lowest level ever – AD.nl

By: editors
14-10-14 – 20:30 Source: Reuters A depth record for the ten-year rate. © anp.

The yield on Dutch government bonds with a maturity of 10 years, today fell to its lowest level ever. That turned out data from Bloomberg.

The yield on ten-year bonds ended the day at 0.98 percent. Early this year, that rate was still at 2.2 percent. A month ago yielded a ten-year bond yield of 1.2 percent.

The interest rates on the same type of loans from Germany, Finland, France and Austria fell to record lows

Tuesday. German rates thus arrived at 0.8 percent, the French rate at 1.2 percent. Comparable Spanish yields fell to just over 2 percent. During the debt crisis that interest peaked even at more than 7 percent.

The value and yield of a bond move in opposite directions. Declining interest rates indicates thus a higher value and a growing demand for the relevant debt securities.

The strong demand for the bonds depends on the meager prospects for the international economy, which led last week for heavy losses the equity markets. It has also led American government bonds again more popular. The ten-year rate of USA Tuesday dropped to 2.2 percent.

Ireland is end to tax – AD.nl

By: editors
14-10-14 – 17:28 Source: Reuters An Irish protest sign, October 14 in Dublin. © AFP.

Ireland eliminates tax advantages it offers to multinationals. That made the Irish Finance Minister Michael Noonan on Tuesday.

Ireland stops the so-called ‘Double Irish’. That loophole in the tax law allows international companies to slide, so to come out. Among the taxes by billions Starting early next year, it is no longer possible to be eligible. For this scheme The benefits for companies that

already use the tax route running off in 2020.

Ireland is internationally under great pressure to change, because the country is seen as a tax haven for big companies. His tax rules For example, the European Commission recently that a tax deal that the country did not comply with EU rules comply with Apple.

Ireland keeps time being attached to its relatively low corporate tax, which many international companies to the country drawn.

Tuesday presented budget for next year, the Irish government is counting on an economic growth of 3.9 percent in 2015, while the budget deficit is expected to drop to 2.7 percent of gross domestic product ( GDP).

AFM imposes an administrative fine on Charlene De Carvalho-Heineken for late … – Food Holland

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Authority for the Financial Markets (AFM) has an administrative fine of 375,000 Euros on Charlene De Carvalho-Heineken, Director of Heineken Holding on 3 October. The AFM has established that it has fulfilled its obligation to report to the AFM has not met immediately. During the period from September 9 to December 20, 2013 in respect of 61 transactions from L’Arche Green shares in Heineken Holding L’Arche Green is a company in which De Carvalho-Heineken has a majority interest. She has these transactions until December 30, 2013 reported to the AFM. De Carvalho-Heineken has thus violated the Act on Financial Supervision.

The reports pursuant to the provisions of the Act on Financial Supervision are required to give the interests and power of investors and companies understand directors and auditors. Because De Carvalho-Heineken has repeatedly not timely reported that its indirect interest and control

of the company was increased, investors were deprived of the opportunity to correct information and substantiated the use of financial instruments relating to Heineken Holding.

a review

The fact that by L’Arche Green a press release was issued in which the intention to purchase shares of Heineken Holding announced, and the fact that transactions other purchasing programs are reported on time in the past, the AFM on August 26, 2013 the fine reduced from 500,000 to 375,000 euros. The judgment of the AFM contained in the decision may be submitted by interested parties for review to the right

source:. Financial Markets Authority, 14.10.14

Jean Tirole wins Nobel Prize in Economics – Parool.nl

13-10-14 13:16 h – Source: Reuters, AP

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Jean Tirole. © AFP

The French economist Jean Tirole, the Nobel Prize for Economics won this year. That made the Norwegian Nobel Committee in Oslo today announced

The announcement of the Nobel Prize in Economics by the Nobel Committee at a press conference in Stockholm. © AFP

Jean Tirole is one of the most influential economists of our time.

The Nobel Committee

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The 61-year-old professor at the University of Toulouse awarded the prize for his “analysis of market power and regulation.” Jean Tirole ‘is one of the most influential economists of our time, “says the Nobel committee in a statement. “Above all, he has made it clear how to understand industries with a few powerful companies and regulate.”

The economics prize is the last Nobel prize this year is forgiven. It is the only one by namesake Alfred Nobel is not called, in life, but by the Swedish central bank. Since 1969 the Nobel Prize in Economics awarded. So far, almost always went with them to the American economists get. Once won a Dutchman:. Jan Tinbergen in 1969

The Nobel Prizes are awarded annually on December 10, the anniversary of Alfred Nobel

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375,000 euro fine for Charlene de Carvalho-Heineken – Parool.nl

14-10-14 9:05 pm – Source: Reuters

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Charlene de Carvalho – Heineken. © anp

The Financial Markets Authority (AFM) Director Charlene de Carvalho-Heineken Heineken Holding imposed a fine of 375,000 euros.

That made the regulator Tuesday. De Carvalho-Heineken gets the fine because she has failed to reporting obligations.

The AFM states that De Carvalho-Heineken has not done 61 transactions in shares of L’Arche Green, a company in which the Heineken direct message -erfgename a majority interest in shares of Heineken Holding.

De Carvalho-Heineken had the transactions which took place between September 9 and December 20, 2013, newly reported at December 30, 2013.

Monday, October 13, 2014

Many pitfalls in the path towards a basic income – Financieel Dagblad (Registration)

A social safety net for everyone – the terminal is loose enthusiasm, but the road to it is littered with landmines. Employers Foreman Harry Kraats of the dome itself is severely AWVN was conscious when he advocated a new social system yesterday in this newspaper. He paints a perfect picture of a basic provision for all: freelancers and permanent employees, at retirement, disability, sickness and unemployment. But it will be

somewhere paid the math club allows employers aware:. Driven that would be fired at this early stage. The main purpose seems to make the spirits might ripe for the next term of government: AWVN calls for a horizon of 2020, the proposed revolution is that solidarity will soon be organized around working, not around those with a permanent contract. The support for this mindset shift is growing, along with the realization that the Netherlands already counts 1.2 million flex workers, of which a significant portion is uninsured and can get a mortgage

De difficulty is that there is a huge redistribution is involved with: acquired rights of permanent employees must be spread over all workers. How far can you go in it and at what rate? AWVN is even there yet with a bow around it. But even get first a broad public debate. The hope is that the new SER chairman Mariette Hamer will demand Lodewijk Asscher Minister of Social Affairs to bring here, so as to consensus.

Those not yet presents itself: board Mariette Patijn of the largest trade union FNV says she Social Accord

from 2011 though you will not go far enough. The reaction is predictable: FNV would first redeem earlier agreements with employers. But not thinking is also risky: it can be interpreted as a confirmation of the popular image that when FNV is no room for new ideas or groups, and that one has to hold together the organization and supporters

The FNV sound contrasts at least to that of vice-president Peter Fortune CNV Professionals: he is very positive about the system based on workers rather than employees.

In addition to the redistribution problem playing there are other highly sensitive issues, such as the idea that ZZP ” ers have a safety net forced: compulsory insurance against unemployment, illness and disability. That you create wealth loss and you scare the freelancer rates in the Netherlands, because the costs are to be processed, says SEO Economic Research, the AWVN plans passed

Dit therefore calls on great disgust at self-consciously the bureaucracy of a permanent job have fled. “It’s a pattern that these organizations would decide on self-employed without letting them talk,” says Maarten Post freelancer lobby club Foundation ZZP Netherlands. Not everything, however, is more taboo: Henk Wesselo FNV Self-Employed ‘want to think about the idea “of a compulsory insurance against disability, and Post as well. “That is a universal risk, which can happen to anyone. Unemployment not, then you’re just not a good entrepreneur ‘

Safety net for flexible workers should discuss – Financieel Dagblad (Registration)

Employers actually come up with a proposal that you would expect. Employees from the corner There should be a social safety net are all freelancers and other flexible workers to prevent them from falling by the wayside, allows employers dome AWVN in the FD. The current system only guarantees security for permanent workers, while the Netherlands will count an estimated two million self-employed.

The proposal is not free of course of self-interest: the imagined new system means that the current facilities are spread over more people thinner. Premiums down and therefore permanent jobs are much cheaper.

Market failure

Dat Nevertheless, there is much to be said for a system review. The approach is progressive, that social security should be around a form of contract, but not organized around work. This principle can also count on support in trade union circles.

And the dome rightly raised the issue that many self-employed not unwillingness uninsured, but because the private market poorly or does not work, is opaque, and therefore too expensive. Government intervention at this point may be desirable, especially in the area of universal risks such as illness and disability.

xmlns="http://www.w3.org/1999/xhtml"> Political fire

The idea is based on economic grounds not so bad: the productivity of flexible workers is generally higher, and with an independent a safety net is more likely to call for a mortgage. The most sensitive issue is how the acquired rights of permanent employees should be. Creamed This is a potential political hotbed, and it is not surprising that here AWVN little meaning to dare to give.

The important thing is of recognizing the fact that flexible work is part of the new reality, not a disease that must be fought. Creates awareness that you can not squeeze, as envisaged in the Social Accord in 2011, self-employed in permanent jobs, the new labor market does not adapt itself to the social system, which will be the other way around.

Het the question is when. AWVN has the luxury of what to look further ahead but the lobby club VNO-NCW is bound to Hague relations and the implementation of the agreement. The ink is barely dry them, and already seems outdated.

This is the daily commentary the editorial board of the FD.

‘End in sight for tax haven Ireland’ – AD.nl

'End in sight for tax haven Ireland' – AD.nl

The end seems near for Ireland as a tax haven. Under pressure from the European Union and governments, the favorable tax regulations, which are eager multinationals operating from Ireland, changed soon. Reportedly, the legislative changes are announced Tuesday, wrote business newspaper Wall Street Journal today.

The so-called ‘Double Irish’, uses a twist in the Irish legislation in the area of royalties for intellectual property. This allows companies and subsidiaries impunity with billions slide in order to come out. Include taxes

It is not yet known how long it takes before the legislation is modified. According to the newspaper are multinationals, especially in the technology sector and in the pharmaceutical industry busy making a battle plan should the legislative changes are made.

Companies that use Irish legislation include Facebook , Google and VMware.

Nobel Prize in economics for Tirole – Telegraaf.nl

The Nobel Prize for Economics this year goes to the French economist Jean Tirole. This has the Nobel committee announced today

The 61-year-old Professor at the University of Toulouse receives the prize for his “analysis of market power and regulation”. Jean Tirole “is one of the most influential economists of our time,” says the Nobel committee in a statement. “Above all, he has made it clear how to understand industries with a few powerful companies and regulate. To award a sum of eight million Swedish kronor

connected.

From the mid-80s, Jean Tirole new life into the search for such market failures, says the committee. His analyzes of companies with a strong market position provides a coherent theory with a strong influence on questions like; how the government should deal with mergers and cartels, and how it should regulate monopolies?

Last year, the three American economists Eugene Fama, Robert Shiller and Lars Peter Hansen along the prize.

once won a Dutchman prestigious economic distinction:. Jan Tinbergen in 1969

The price for economy is a special, the creator of the Nobel Prizes, Swedish industrialist Alfred Nobel, was not in his will that price included

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“Fire risk is greatest in Overijssel and lowest in North Holland ‘- Focus on News

"Fire risk is greatest in Overijssel and lowest in North Holland '- Focus on News

The fire risk is greatest in Overijssel and lowest in North Holland. Remarkable is the higher probability of fire in residential areas: which is as much as 37 percent higher than in comparable urban areas. This reports the Association of Insurers Monday on the website.

The above is the conclusion of the first Risk Monitor Burn House, which the Association of Insurers releases as part of Fire Prevention Week. The Federation has made an analysis of fire claims insurers registered in the Central Information System (CIS). The past five years Although the fire risk through better awareness and safer devices has dropped occurs annually in one of the 65 houses fire.

Large provincial differences
insurance wisdom steals the town, rural lit “seems to be correct regarding fires. In 2013, the Dutch General Brand Peil was (ANBP – the number of fire claims per 1,000 households) was 15.3. In the provinces of Overijssel (23.1), Limburg (20.5) and Ontario (18.4) is the fire risk is greatest in the provinces of Noord-Holland (10.8) and South Holland (12.1 ) the lowest. Probable cause is that it lasts longer in less populated areas for people to discover a fire and take action. Of the major cities are only Enschede and Apeldoorn above the national average, in Amsterdam and Delft is the probability of fire is the lowest.

Strong more fire claims in residential areas
Risk Monitor

Flat Burn a comparison was made between 106 residential areas and surrounding districts of the same size: in the investigated residential areas, the percentage of fire claims as 37 percent higher. Subsequent detection also plays a role here, because living in residential areas relatively many two-income households that are far from home. Vandalism – for example by being annoying and loitering youths – may also play a role. It could also be that more odd jobs in these areas and more electrical equipment is present -. Far as the fire-large

Peak during the New Year Most
find house fires during the New Year instead – by fireworks damage is the number of claims than three to four times as high. The summer and autumn months sometimes show peaks when there is heavy rainfall or major storms. One of the causes of fire is crazy enough water: by sagging (gas) pipelines and cables or falling trees could cause a fire

Defect device often cause fire
. faulty machine or inappropriate use is the leading cause of fire, followed by heating / self-heating and arson. As part of Fire Prevention Week the Covenant has incited households in order not to leave, not stabbing too many plugs in one socket and receptacles ‘looped’. Electric devices

Tirole slams ‘catastrophic labor’ in France – The Standard

Tirole slams 'catastrophic labor' in France – The Standard

The award of the Nobel Prize for Economics at Jean Tirole is “a slap in the face of certain politicians and intellectuals” who always criticize the economic policies of the French government. That put the French Prime Minister Manuel Valls Monday on Twitter. But Tirole itself was not tender for the alleged “catastrophic labor” in his country.

Valls said to be happy with the worship of Tirole. The French government has repeatedly from abroad been accused of being short cuts and economic reforms too little. The Nobel Prize for a French economist is a boost.

President François Hollande left according to the newspaper Le Figaro know that the award of the prize to Tirole “is something which France can be proud of.” The award demonstrates the high quality of scientific research in France is seeing and an appreciation for the appearance that the work of Tirole has, says the president. Hollande

recalled that the second Nobel Prize this year for a Frenchman. Thursday was the Nobel Prize for Literature to Patrick Modiano.

Tirole itself was less tender for French politics. Monday at a press conference he called to reform the labor market. Domestically This labor market, according to the Nobel Prize winner ‘catastrophic’. “There have to change if we want to give a future to our children things,” he said. The Economist referred to the large differences in the labor market between the north and south of Europe, which are “not accidentally” according to him. “The south uses a different model than the north, where the unemployment rate is much lower.”

Back in 2003, he proposed a series of reforms, including the distinction between permanent and temporary contracts be abolished. “Unfortunately, these proposals were not adopted,” though the situation, according to him “not hopeless.”

French Prime Minister: Nobel Prize ‘long nose’ to French bashing – Volkskrant

French Prime Minister: Nobel Prize 'long nose' to French bashing – Volkskrant

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Russia gets severe impact of falling oil prices – Parool.nl

13-10-14 10:58 pm – Source: Reuters

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Falling oil prices are a drag on Russia. As a result of the fall in prices the country is still often forced to intervene to boost the economy. Today it was announced that currency interventions last week’s four billion dollars (3.2 billion euros) have transcended.

Revenues from oil along with gas responsible for almost half of the Russian economy, quite come to be. steady decline in oil prices under

pressure Combined with the economic sanctions that Russia imposed the value of the ruble fell for the fifth week in a row. That’s the longest depreciation of the currency since the country in March operation in Ukraine.

The price of oil is under pressure for some time, by concerns about the global economy and geopolitical unrest. A barrel of American oil fell Monday around 9:20 pm 1.7 percent in value to $ 84.39. Brent oil was 1.9 percent lower at $ 88.51 a barrel.

Russia gets severe impact of falling oil prices – AD.nl

Revenues from oil along with gas responsible for almost half of the Russian economy

are quite come through the steady decline in the oil price pressure to stand. Combined with the economic sanctions that Russia imposed the value of the ruble fell for the fifth week in a row. That’s the longest depreciation of the currency since the country in March operation in Ukraine.