. The rating agencies, the Troika of the international lenders and the technocrats at the Finance Ministry are once again patting each other on the back, with words of “good job” blurted out every now and then as Cyprus seems to show “fiscal stability”. In actual fact, what they all want is the justification to
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. Marcuard's Market update by GaveKal Dragonomics There is growing speculation that the Bank of Japan may follow the European Central Bank, which last week signalled additional easing, and the People’s Bank of China, which cut rates on Friday, and surprise the markets with further credit easing. But while extra action from the BoJ could
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. By Oren Laurent President, Banc De Binary The International Monetary Fund (IMF) created what is known as Special Drawing Rights (SDRs) back in 1969. This serves as an official global reserve asset used for the purposes of supplementing the reserves of a country’s money supplies. The Special Drawing Rights reserve asset is based upon
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Τhe House Committee on Financial and Budgetary Affairs began the discussion on the 2016 state budget with Finance Minister Haris Georgiades analysing the state revenues, the situation of the public finances and the fiscal index, adding that there will be no tax breaks before the parliamentary elections in May 2016. The budget provides for revenues,
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Russian power prices will grow at below inflation rates until 2017 on the back of persistent overcapacity, weaker electricity demand due to Russia’s economic slowdown and limited growth in gas tariffs, according to Moody’s Investors Service. The rating agency forecasts power prices to be in the range of 1,100-1,400 RUB/MWh (16-20 EUR/Mwh) in the European
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. By Dr Andrestinos N. Papadopoulos, Ambassador a.h. Upon the request of the Syrian leadership, Russia’s President Putin decided to use his air force against “terrorist organisations” in Syria, and in particular against the Islamic State. A rough calculation of their strength would be that 35% belong to Islamic State, 35% to Al-Nusra, 20% to
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. After a week-long diet of the usual self-pampering announcements and speeches, the Cyprus delegation has returned from China, where President Anastasiades declared on several occasions the ‘warm relations’ and ‘cooperation prospects’ between the two countries. What is now clear is that Cyprus is no longer seen a pariah state with a fragile economy,
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. By Olga Kandinskaia There has been evidence in the last four years suggesting that many U.S. companies are bringing manufacturing back to the U.S. This growing trend is expected to boost the competitiveness of the U.S. economy and help it grow out of its debt. As Europe is currently looking for ways to boost
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WISTA Cyprus President, Despina Panayiotou Theodosiou, was elected as the new Secretary of WISTA International during the 35th WISTA International annual general meeting (AGM) and conference held in Istanbul and attended by 250 delegates from 34 countries. Following the elections, the new Executive Committee of the Women’s International Shipping and Trading Association is as follows:
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* Forex sector still driving employment opportunities * With the September unemployment figures showing the first real drop since March 2013, recruitment experts say that interest is growing in all areas, albeit slowly in some, but the forex trading and financial services sectors seemingly driving the new momentum. The government statistics office Cystat said that
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