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Economy

European Central Bank President Christine Lagarde announces resignation

She will leave office on 7 February 2027, and the European Council has already begun the procedure to select her successor

29 Oct, 16:37Read in Russian

commons.wikimedia.org — Grunpfnul

Lagarde has headed the European Central Bank since November 2019. Her eight-year term was set to conclude on 31 October 2027.

The successor will be chosen by the European Council by a qualified majority vote of eurozone countries. Among the possible candidates mentioned were former heads of the central banks of the Netherlands and Spain, Klaas Knot and Pablo Hernández de Cos.

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Uzbekistan aims to attract approximately $1 billion through Islamic finance by 2030

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A competitor to Visa and Mastercard begins operating in Europe

28 Oct, 17:19

Taxes on Property and Land Near Reservoirs to Be Reduced by 50% for Tourism Businesses

28 Oct, 15:04

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