Blog - Page 1627

Swiss Replica Watches

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Put the classical and magnificence on wrist naturally, the IWC Replica Watches Franck Muller Casablanca Watch will give you an excellent enjoyment of luxury. The watch is an excellent type of the luxurious watch.

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GERMANY: Use idle surplus to pay for refugees, says Ifo

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The Ifo Institute in Munich has suggested that the German government should use unexpected budget surpluses to fund the cost of settling and rehabilitation of refugees, mainly from the Middle East and North Africa, who seek better prospects in low-unemployment economies like Germany. “Unexpectedly high tax revenues mean that the budget can still be balanced

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CYPRUS: ENI commitment to exploration ‘very strong’

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The chief executive of Italy’s energy giant ENI has reaffirmed his company’s commitment to continue with explorations off the coast of Cyprus, despite announcing the discovery last week of the biggest offshore gasfield in the eastern Mediterranean within nearby Egyptian waters. Some had feared that Italian ENI’s discovery of 30 trillion cubic feet (tcf) at

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CYPRUS: 35 vie for Stelios bi-communal awards

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The deadline for applications for the Stelios Bi-Communal Awards 2015 is next Tuesday, September 15, according to the organisers of the event, the Stelios Philanthropic Foundation. The non-profit, fully-funded by serial entrepreneur and easyJet founder Stelios HajiIoannou, said that so far 35 applications have been received. The awards ceremony will take place on the October

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MARKETS: Shanghai Composite up again, UK manufacturing takes a hit

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By Lukman Otunuga, Research Analyst, FXTM The China saga continues as the Shanghai Composite Index journeys into green territory, with the major market concluding trading over +2.25% higher on Wednesday. The noticeable decline in both imports and exports from the recent China economic data has been shrugged away, with this perhaps linked to expectations that

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CYPRUS: Economy recovers after 3-year recession

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 * HICP falls -1.9% in August * The economy recorded a positive growth rate for the second quarter in a row, suggesting that it has recovered from the three year recession in which it had plunged in the fourth quarter of 2011. The Statistical Service Cystat published on Tuesday growth data according to which the

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CYPRUS: €50 mln 30-day T-bills yield 1.31%

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The Finance Ministry has raised EUR 50 mln during a 30-day Treasry-bills auction on Tuesday, the Public Debt Management Office said. “During today’s 30 Day Treasury Bills Auction, tenders for a total amount of EUR 120.5 mln were submitted, out of which 50 mln total nominal value have been accepted with a weighted average yield

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CYPRUS: ‘Lagarde list’ under scrutiny by tax authorities

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Finance Minister Harris Georgiades confirmed on Tuesday that the tax authorities have received data containing deposits of Cypriot individuals or entities held at HSBC in Switzerland, noting that this list is subject to “sophisticated scrutiny.” “The tax authorities have received information about Cypriot depositors, included in this list, or other persons under a Cypriot address,”

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CYPRUS: Oil companies expect higher cost from moving to Vasiliko

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Moving the oil companies’s storage facilities from the Larnaca seafront to the Vasilikio area will entail additional costs, representatives of the companies told the House Energy Committee, which convened in the presence of Energy Minister Yiorgos Lakkotrypis. The companies did not exclude the possibility of a hike in fuel prices. The Minister briefed the committee

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IRAN: Sanctions deal would unlock banks’ growth potential

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The lifting of nuclear-related trade and financial sanctions on Iran, should it materialise, would be credit positive for the country’s banks, Moody’s Investors Service said in a report on Wednesday. According to the rating agency, increased trade and investment could boost growth in Iran’s banking sector and support asset quality of domestic banks, although such

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