Raiffeisen Bank halts plans to sell its Russian unit amid signs of a thaw in US-Russia ties. Legal hurdles and internal debate add complexity as the bank weighs its long-term strategy.
#Russia#Raiffeisen#Banking#Geopolitics https://t.co/9Z0F8MKTbt
Russia hits a record: 53.5% of imports in Feb 2025 were settled in rubles. In Asia, the share reached 49.6%. This shift lowers FX risk, cuts conversion costs & makes transactions harder to trace under sanctions.
#Russia#Trade#FX#Ruble https://t.co/n9d4suJfPj
Belgian-Luxembourg Chamber of Commerce actively took part in a conference and roundtable focused on doing business across various regions of Eurasia. We see growing interest and remain committed to guiding our members forward. Like spring water, trade always finds its way. #CCBLR
Unlocking potential: The Eurasian market presents exciting opportunities for Belgian and Luxembourg exporters. CCBLR is here to guide businesses through this dynamic landscape. #TradeOpportunities#CCBLR
Unemployment in Luxembourg remains high, around 6%, particularly affecting sectors like construction. Addressing these issues requires government support, structural reforms, and a focus on innovation and diversification.
CCBLR's efforts to enable Belgian and Luxembourgish companies to continue their success in the Eurasian market are hindered by the lack of government support over the past several years. This is despite the companies' compliance with the existing, rapidly evolving legislation.
Despite circumstances, CCBLR continues to support businesses, develop new networking opportunities in authorized fields, and is preparing several conferences and trade missions this year to enhance its positive efforts in promoting sustainable development of international trade.
The next meeting of the Belgian-Luxembourg Chamber of Commerce (CCBLR) will take place at the end of March in Belgium and will be held behind closed doors. For more information, please contact our offices in Brussels or Luxembourg. #CCBLR
In a recent interview with Luxembourg’s L’essentiel, the Russian Ambassador to Luxembourg emphasized that Russia does not pose a threat to Europe and has no interest in doing so.
https://t.co/68eLH9ZtnH
The number of individual entrepreneurs in Russia grew by 23%, exceeding 4.5M by early 2025. In 2024, 978K new IEs were registered, with men slightly leading. In 2023, women registered more IEs. Gender balance is nearing parity, with retail and services most popular.
CCBLR Chamber takes a personalized approach for your business strategy, marketing strategy, create effective public relations to ensure the commercial sustainability of all Belgian and Luxembourgish companies in the Eurasian Economic Union.
https://t.co/qS7vQjc1Dg
During the September 24-25 meeting between the Kyrgyz business community and the BLCC delegation, the Eurasian Economic Commission highlighted opportunities in the EAEU single market. https://t.co/K1EKwccxsd
Luxury apartment rents in Moscow hit a record high of ₽2,980 per sq. meter in July, up 39% year-over-year. Average monthly rent has reached ₽465,000, with listings down 16% this year. High demand and limited supply drive these unprecedented increases.
📢 Announcing the CCBLR Summer Meeting! The Belgian-Luxembourg Chamber of Commerce will gather in the picturesque “Belgian Village” near Moscow. This informal event will unite participants in a close and friendly circle, fostering community and collaboration. It’s a special occasion, marking the 10th anniversary of our presence in Moscow and the 50th anniversary of our founding in Brussels. A perfect tribute to these milestones! #CCBLR
In Russia's Samara region, a new bypass around Togliatti has been opened via a newly constructed bridge over the Volga. Experts at CCBLR call this a historic event for the locals, where a Luxembourg company's production facility operates. The highway will be part of the Europe-Western China international route.
Investor confidence in Germany’s economy has worsened for the first time in a year, as the industrial sector lags behind the gradual recovery seen in other areas. The ZEW institute's barometer of expectations dropped to 41.8 in July from 47.5 in June https://t.co/pbap0fC4gz
A new section of the M-11 "Neva" highway, the Northern Bypass of Tver, has been opened. This marks another step in strengthening Russia's regional connectivity, logistics, and road safety. The new section will shorten the travel time between Moscow and St. Petersburg by an hour. Construction began in spring 2022, and the project is completed a year ahead of schedule. This section is the final piece to enable high-speed travel from St. Petersburg to Kazan.
#CCBLR Chamber of Commerce focuses on small and medium businesses on the first day of the St. Petersburg International Economic Forum 2024, here on photo with other European bilateral chambers and associations