Saturday, 15th February 2025

BRICS Nations Amass Over 20% of Global Gold Reserves

BRICS nations have significantly bolstered their economic influence by amassing over 20% of the world’s gold reserves, according to a new report from the World Gold Council

The BRICS nations – Brazil, Russia, India, China, and South Africa – now hold over 20% of the world’s total gold reserves, highlighting the growing economic clout of these emerging powerhouses, according to a new report from the World Gold Council.

As of Q2 2024, the global gold reserves stood at 29,030 tonnes, with BRICS countries collectively holding 6,200 tonnes, or 21.4%. Russia tops the list with 2,340 tonnes, followed closely by China with 2,260 tonnes, together accounting for 74% of the BRICS reserves. 

Gold’s reputation as a safe haven amid inflationary pressures and economic volatility continues to drive demand, especially with current global uncertainties pushing gold prices to an all-time high of $2,732.25 per ounce.

Revoz Set to Begin Production of Nissan’s Electric Pixo

Revoz, Renault’s Slovenian subsidiary, is preparing to launch the production of the revamped electric Twingo in 2026, but the...

Aleph Named TikTok’s Exclusive Sales Partner in Eastern & Baltic Markets

In a strategic move to further consolidate its presence in Central and Eastern Europe, TikTok has appointed Aleph as...

Volkswagen Leads Croatia’s Auto Market in January 2025

In January 2025, Volkswagen emerged as the leading brand in Croatia’s automotive sector, capturing a market share of 12.3%...

Croatia’s Industrial Shift Sees Fewer Jobs but Rising Productivity

Croatia’s industrial sector is grappling with unexpected challenges - while the number of jobs decreases, productivity continues to rise. According...

Slovenian Iskra Expands Footprint with New Factory in Bosnia and Logistics Hub in Serbia

Slovenian industrial giant Iskra is intensifying its regional footprint with a new manufacturing plant in Bosnia and a logistics...
spot_img

Connecting the Adria Region Decision Makers

The Region is more than a publication - it's where the region's elite converge for insights and opportunities