. By Oren Laurent President, Banc De Binary The president of the European Central Bank (ECB) recently announced the decisions of the Governing Council. Various monetary policy decisions have been taken, and will be implemented in the European economic area. These include a total of 6 points, all of which are aimed at combating deflation,
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The impact of the 2013 financial crisis on Cyprus companies, as well as on the economy in general, has been marked by a rapid fall in the rate of bounced cheques and the rise in liquidations, all benchmarks of a contracting economy, according to an analysis commissioned by the Infocredit Group. The study demonstrates how
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By Lukman Otunuga, Research Analyst, FXTM The financial markets were shaken by explosive levels of volatility during trading on Thursday following the unexpected over-delivery from the European Central Bank in unleashing aggressive stimulus measures to turbocharge Eurozone growth. In this instance Mario Draghi respected his pledge in doing what he must do in a bid
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. Some 1,500 nurses plan to go on strike, again, this time demanding that their qualifications be upgraded to university level recognition in order to be eligible for promotions beyond the current scale of A5-A7, as per the civil servants’ code. Anything beyond that in the entire state sector requires some academic qualification of at
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. Marcuard’s Market update by GaveKal Dragonomics By Arthur Kroeber After a year of terrible news, Brazilian markets rallied last week on the surprise news that former president Lula Ignacio da Silva had been forcibly hauled in for questioning by investigators plumbing a vast and fetid corruption scandal. The basic charge is that Lula’s Workers’
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* Anastasiades-Georgiades announce exit from MoU; Only €7.25 bln of 10 bln used; exclusion from ECB QE ‘is not news’ President Nicos Anastasiades and Finance Minister Harris Georgiades announced on Monday that Cyprus had exited from the its three-year economic adjustment programme, adding that only three quarters of the EUR 10 bln bailout plan was
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Seasonally-djusted GDP rose by 0.4% in the last quarter of 2015 in Cyprus compared to the previous quarter and by 2.7% compared to the same quarter of 2014, according to data released by Eurostat, the European Union’s statistical office. In the euro area, GDP rose by 0.3% and by 0.4% in the EU28 during
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Bureaucratic delays at the highest level in government continue to hamper potential foreign investments, with international companies based in Cyprus troubled by the endless red tape for permits, according to a survey commissioned by the Cyprus Investment Promotion Survey shows. “Investor concerns are mainly structural vulnerabilities and not coincidental challenges, such as the impact of
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. By Oren Laurent President, Banc De Binary US presidential politics has an interesting effect on stock markets, and the current year is no different. In the aftermath of Super Tuesday on March 1, several interesting developments took place. For starters, two candidates emerged as likely front-runners for their respective parties in Donald Trump for
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Given prevailing economic conditions and the turbulence in the Cyprus banking system, there were few property transactions in the fourth quarter of 2015, although volume was higher on a year on year basis, according to the RICS Cyprus Property Price Index. Local buyers in particular were the most discerning as unemployment remains at
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