Sberbank's subsidiary Sberbank Europe is selling subsidiary banks in Central and Eastern Europe, said today. Sberbank The agreement was signed with the group of companies AIK Banka ad Beograd, Gorenjska Banka dd, Kranj and Agri Europe Cyprus Limited. Subsidiary banks in Bosnia and Herzegovina, Croatia, Hungary, Serbia and Slovenia with total assets of 7.3 billion euros, 162 branches and about 600,000 customers (at the end of 2020) are being sold, the Russian state bank writes.

The Bell instruction: how to get a loan from a state support program for a business in a pandemic The following issues of the morning and evening newsletters The Bell will be released on Monday, November 8. Technology will be released on the weekend, according to the usual schedule. On November 1, a program for supporting a business affected by coronavirus, called “FOT 3.0”, started. According to it, entrepreneurs can receive a preferential loan from the state at a rate of 3% per annum.

The Fed will start winding down its massive asset buyback program in November, the US regulator announced. The volume of redemption of government bonds will be reduced by $10 billion per month, mortgage-backed securities by $5 billion. The asset buyback program was launched by the regulator in June 2020 to support the US economy during the crisis caused by the coronavirus pandemic.

A limited number of companies will be able to participate in the FOT 3.0 concessional business lending program, which started on November 1. Only legal entities and individual entrepreneurs who have already received preferential loans under previous support programs from the state, as well as new businesses registered after July 1, 2020, will be able to become borrowers.

On November 1, a program for supporting a business affected by coronavirus, called FOT 3.0, started. According to it, entrepreneurs can receive a preferential loan from the state at a rate of 3% per annum. The conditions are already known, but the business has any questions still.

Inflation in Russia in annual terms exceeded 8%, which is higher than the annual forecast of the Central Bank. According to Rosstat, inflation in annual terms by November 1 rose to 8.13% - it crossed the threshold of 8% for the first time since the beginning of 2016. Since the beginning of the year, prices have risen by 6.52%. For the whole of October, inflation was 1.11%, and this is the highest monthly increase since the beginning of 2019.

The S&P 500 has had its best year under an elected US president. In the year after Joe Biden won the election from Donald Trump, the index rose by 37%, noted . Bloomberg The US index has risen more since the 2020 election than in the first year of any other modern president. For example, under Donald Trump in 2016, the S&P 500 rose by 21.3%, under Barack Obama in 2012 - by 24%. Before Biden, the US index reached more than 30% growth only after the re-election of Bill Clinton in 1996 (+32%).

The 97-story glass skyscraper in Moscow City, known as the East Tower of the Skyscraper "Federation", became the refuge of cybercriminals laundering funds from around the world. Bloomberg talks about how the status of the tower allows hackers to uncontrollably cash out cryptocurrency. The Bell was the first to tell about the most mysterious crypto exchanger of the Federation and its founders in September.

The defense of Ivan Safronov, a journalist accused of treason, filed a complaint against an “unprecedented” violation of the deadlines for an appeal to extend his arrest. The lawyer said that due to the actions of the investigator, familiarization of the defense with the case materials was “practically paralyzed”.

Further evidence that the logistical crisis is here to stay: the world's largest furniture retailer, IKEA, has warned of higher prices in anticipation of a deterioration in supplier prices and delivery times in 2022. the Financial Times that IKEA does not expect improvements told Martin Vandam, CFO of Inter IKEA (brand owner and franchise manager), . “In the next fiscal year [through August 2022], we continue to focus on supplier issues, rising raw material and energy prices,” he said.

Approximately 450 financial institutions and investment funds, representing $130 trillion in assets, or 40% of the world, have joined the alliance, which aims to achieve carbon neutrality by mid-century. Founded this spring, the Glasgow Financial Alliance for Net Zero (GFANZ) is led by former Bank of Canada and Bank of England governor Mark Carney and today announced that will Mike Bloomberg, founder of the eponymous agency, co-chair.

Non-working days in the capital will not be extended after November 7, according to a statement by Moscow Mayor Sergei Sobyanin. “In Moscow… the dynamics of the disease has stabilized, this also applies to detectability and hospitalization of a severe form. This allows us to conclude that non-working days will not be extended from Monday, ” quotes the mayor.

It may take another months to put Nord Stream 2 into operation, writes Bloomberg. The deadline for the Russian gas pipeline to receive approval is May 2022. “The political demise of the project is practically out of the question,” states Bloomberg.

Russian President Vladimir Putin will have a "great opportunity" to tell US counterpart Joe Biden about what Moscow is doing on climate change, said Kremlin spokesman Dmitry Peskov . The understanding of the expediency of new communication between the two presidents has already been reached, he noted. In what format this "communication" can take place, Peskov did not specify.

In Russia and in the West - IPO boom. At the same time, in the United States, many placements do not live up to investors: Renaissance Capital IPO ETF, each quarter that has been released by new companies on the exchange with companies, since the beginning of the year, only 6.4%, while the S&P 500 index increased by 25.1%. In order not to lose money, investors need to study the documents that the company publishes before going to the exchange, in particular, IPO Avenue.