Construction Bank Of The USSR
The Construction Bank of the USSR (russian: Всесоюзный банк финансирования капитальных вложений), in shorthand Stroybank (sometimes Stroibank), was a Soviet development bank that was a significant part of the Soviet banking system. Stroybank was formed in 1959 and took over the operations of several prior specialized development banks, namely Prombank (est. 1922, trade and industry), Tsekombank (est. 1925, residential construction), and Selkhozbank (est. 1932, agriculture). In 1988, it was restructured as the State Commercial Industrial and Construction Bank of the USSR (russian: Государственный коммерческий Промышленно-строительный банк СССР) or Promstroybank, with some operations spun off as the Agro-Industrial Bank (russian: Агропромышленный банк СССР or Agroprombank) and Bank of Housing, Communal Services and Social Development (russian: Банк ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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State-owned
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a s ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Council Of Ministers Of The Soviet Union
The Council of Ministers of the Union of Soviet Socialist Republics ( rus, Совет министров СССР, r=Sovet Ministrov SSSR, p=sɐˈvʲet mʲɪˈnʲistrəf ɛsɛsɛˈsɛr; sometimes abbreviated to ''Sovmin'' or referred to as the ''Soviet of Ministers''), was the '' de jure'' government of the Union of Soviet Socialist Republics (USSR), comprising the main executive and administrative agency of the USSR from 1946 until 1991. During 1946 the Council of People's Commissars was reorganized as the Council of Ministers. Accordingly, the People's Commissariats were renamed as Ministries. The council issued declarations and instructions based on and in accordance with applicable laws, which had obligatory jurisdictional power in all republics of the Union. However, the most important decisions were made by joint declarations with the Central Committee of the Communist Party of Soviet Union (CPSU), which was '' de facto'' more powerful than the Council of Ministers. Du ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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VTB Bank
VTB Bank (; formerly known as ''Vneshtorgbank'', , lit. 'International Trade Bank') is a Russian majority state-owned bank headquartered in various federal districts of Russia; its legal address is registered in St. Petersburg; as of 2022 company's capital stock was mostly owned by three Russian agencies. VTB Bank and its subsidiaries form a leading Russian financial group – VTB Group uniting VTB banks located in different countries and offering a wide range of corporate banking services and products in Russia, CIS, Europe, Asia, Africa, and the U.S. VTB was ranked 446th on the FT Global 500 2012, The ''Financial Times''’ annual snapshot of the world's largest companies. It climbed to 210th in the ranking of the 500 largest companies in Europe, the FT Europe 500 2014, and to 127th in the FT Emerging 500 2014, the list of the 500 largest companies on the world's emerging markets. History VTB Bank was founded as Vneshtorgbank in 1990 with the support of the Russian ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Bank Of Russia
The Central Bank of the Russian Federation (CBR; ), doing business as the Bank of Russia (russian: Банк России}), is the central bank of the Russian Federation. The bank was established on July 13, 1990. The predecessor of the bank can be traced back to the State Bank of the Russian Empire founded in 1860. The bank is headquartered on Neglinnaya Street in Moscow. Its functions are described in the Constitution of Russia (Article 75) and in federal law. History State Bank of the Russian Empire The decision to create a State Bank of the Russian Empire was made by Emperor Peter III in May 1762, which was modeled on Bank of England and would have the right to issue bank notes. However, due to the coup on 28 June 1762 and the murder of the Czar, the project was not implemented. The outbreak in 1768 of the Russian-Turkish War and deficit of the state budget forced Catherine II, in turn, refer to the idea of issuing a paper money, and in December 1768 she form ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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1998 Russian Financial Crisis
The Russian financial crisis (also called the ruble crisis or the Russian flu) began in Russia on 17 August 1998. It resulted in the Russian government and the Russian Central Bank devaluing the ruble and defaulting on its debt. The crisis had severe impacts on the economies of many neighboring countries. Background and course of events The Russian economy had set up a path for improvement after the Soviet Union had split into different countries. Russia was supposed to provide assistance to the former Soviet states and, as a result, imported heavily from them. In Russia, foreign loans financed domestic investments. When it was unable to pay back those foreign borrowings, the ruble devalued. In mid-1997 Russia had finally found a way out of inflation. The economic supervisors were happy about inflation coming to a standstill. Then the crisis hit and supervisors had to implement a new policy. Both Russia and the countries that exported to it experienced fiscal deficits. The cou ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Uzbekistan
Uzbekistan (, ; uz, Ozbekiston, italic=yes / , ; russian: Узбекистан), officially the Republic of Uzbekistan ( uz, Ozbekiston Respublikasi, italic=yes / ; russian: Республика Узбекистан), is a doubly landlocked country located in Central Asia. It is surrounded by five landlocked countries: Kazakhstan to the north; Kyrgyzstan to the northeast; Tajikistan to the southeast; Afghanistan to the south; and Turkmenistan to the southwest. Its capital and largest city is Tashkent. Uzbekistan is part of the Turkic world, as well as a member of the Organization of Turkic States. The Uzbek language is the majority-spoken language in Uzbekistan, while Russian is widely spoken and understood throughout the country. Tajik is also spoken as a minority language, predominantly in Samarkand and Bukhara. Islam is the predominant religion in Uzbekistan, most Uzbeks being Sunni Muslims. The first recorded settlers in what is now Uzbekistan were Eastern Irania ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Ukraine
Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian invasion, it was the eighth-most populous country in Europe, with a population of around 41 million people. It is also bordered by Belarus to the north; by Poland, Slovakia, and Hungary to the west; and by Romania and Moldova to the southwest; with a coastline along the Black Sea and the Sea of Azov to the south and southeast. Kyiv is the nation's capital and largest city. Ukraine's state language is Ukrainian; Russian is also widely spoken, especially in the east and south. During the Middle Ages, Ukraine was the site of early Slavic expansion and the area later became a key centre of East Slavic culture under the state of Kievan Rus', which emerged in the 9th century. The state eventually disintegrated into rival regional powers and ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Prominvestbank
Prominvestbank (Kyiv, Ukraine) (full name - Joint Stock Commercial Industrial & Investment Bank (closed stock company)) is a bank based in the Ukraine that was formed in August 1992. Its overall history goes back more than 86 years. History The history of the Bank goes back to the 1920s when pursuant to the government’s decision “On Supreme Council of the National Economy” the Industrial Bank (Prombank) was established as a central financial institution for industry, and on the 1st of January 1923, the All-Ukrainian Office of Prombank was opened in Kharkiv. The network of branches steadily expanded with a view of supporting the leading industrial enterprises. Following the reorganization of Prombank in 1928 into a Bank for Long-Term Lending to Industrial and Electric Power Companies – BDK (Prombank), its strategy changed to focus on providing long-term finance to the construction industry. As a result, approx. 2/3 of all investments into capital construction in the ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Moldova
Moldova ( , ; ), officially the Republic of Moldova ( ro, Republica Moldova), is a landlocked country in Eastern Europe. It is bordered by Romania to the west and Ukraine to the north, east, and south. The unrecognised state of Transnistria lies across the Dniester river on the country's eastern border with Ukraine. Moldova's capital and largest city is Chișinău. Most of Moldovan territory was a part of the Principality of Moldavia from the 14th century until 1812, when it was ceded to the Russian Empire by the Ottoman Empire (to which Moldavia was a vassal state) and became known as Bessarabia. In 1856, southern Bessarabia was returned to Moldavia, which three years later united with Wallachia to form Romania, but Russian rule was restored over the whole of the region in 1878. During the 1917 Russian Revolution, Bessarabia briefly became an autonomous state within the Russian Republic, known as the Moldavian Democratic Republic. In February 1918, the Moldavian ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Kazakhstan
Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eigh ... to Kazakhstan–Russia border, the north and west, China to China–Kazakhstan border, the east, Kyrgyzstan to Kazakhstan–Kyrgyzstan border, the southeast, Uzbekistan to Kazakhstan–Uzbekistan border, the south, and Turkmenistan to Kazakhstan–Turkmenistan border, the southwest, with a coastline along the Caspian Sea. Its capital is Astana, known as Nur-Sultan from 2019 to 2022. Almaty, Kazakhstan's largest city, was the country's capital until 1997. Kazakhstan is the world's largest landlocked country, the largest and northernmost Muslim world, Muslim-majority cou ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Turan Bank
BTA Bank ( kk, БТА; БТА Банкі; BTA Banki) (''BTA Bank Joint-Stock Company'' in full) is a Kazakhstan bank with headquarters in Almaty. it was the third largest lender by assets. In 2009, BTA Bank was subject of one of the world's biggest financial frauds totaling US$5 billion. History First stage On 15 October 1925 Presidium of Central Council of the Kazakhstan national economy ruled to open the department of Promyshlennyi (Industrial) Bank (''Prombank''). During the Soviet period the bank underwent several reorganizations. In 1991 it was re-established as Turanbank, the Kazakh Republican Bank of the State commercial industrial and construction bank. In 1991 Turanbank was established on this basis. In 1992 the bank was renamed to Alem Bank Kazakhstan, the Bank of foreign economic activities of the Republic of Kazakhstan. On 15 January 1997, Bank TuranAlem was privatised and set up a Closed Joint-Stock Company in accordance with the Decree of the Government of t ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |
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Georgia (country)
Georgia (, ; ) is a transcontinental country at the intersection of Eastern Europe and Western Asia. It is part of the Caucasus region, bounded by the Black Sea to the west, by Russia to the north and northeast, by Turkey to the southwest, by Armenia to the south, and by Azerbaijan to the southeast. The country covers an area of , and has a population of 3.7 million people. Tbilisi is its capital as well as its largest city, home to roughly a third of the Georgian population. During the classical era, several independent kingdoms became established in what is now Georgia, such as Colchis and Iberia. In the early 4th century, ethnic Georgians officially adopted Christianity, which contributed to the spiritual and political unification of the early Georgian states. In the Middle Ages, the unified Kingdom of Georgia emerged and reached its Golden Age during the reign of King David IV and Queen Tamar in the 12th and early 13th centuries. Thereafter, the ... [...More Info...]       [...Related Items...]     OR:     [Wikipedia]   [Google]   [Baidu]   |