Conventional wisdom dictates that money should be deposited in a bank rather than under a mattress. Aside from the security motives, the bank typically pays an interest, even if minimal, to depositors. This is all the more reason to store your money at a bank rather than your house. But this classic adage appears to be no longer applicable as the world enters another recession, which is poised to be worse than the 2008 economic crash.
African leaders, export trade organizations and corporate businesses have an extraordinary opportunity to design a well-timed strategy to take advantage of the growing market and to boost trade as a way to reverse considerably trade imbalance that has existed from Soviet days between Russia and Africa, both foreign and local experts have suggested.
The newly created Eurasian Economic Union (EEU) has shortly got the momentum as an economic hub for the countries of the region. The EEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia as its members, whereas; the Organization is a continuation of contemplation for establishing the integration projects by the Belarus, Kazakhstan, and Russia since 2007.