Articles by: Svilen Petrovmm

UK retail sales are shrinking at the sharpest pace since 2009

October 27, 2017 7:34 amComments Off on UK retail sales are shrinking at the sharpest pace since 2009
UK retail sales are shrinking at the sharpest pace since 2009

UK retail sales are shrinking at the sharpest pace since 2009, while the concerns about the weakness of the housing market may exacerbate the weakness in consumption this year. The retail sales index, prepared by the Confederation of British Industry, has fallen to -36 points in October, which is the lowest value since March 2009. In September the measure was in positive territory of 42 points. According to the confederation […]

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Norwegian Central Bank kept its key interest rate unchanged

October 26, 2017 11:39 amComments Off on Norwegian Central Bank kept its key interest rate unchanged
Norwegian Central Bank kept its key interest rate unchanged

The Norwegian central bank kept its key interest rate unchanged at a record low level of 0.5%. The low interest rates aim to support the economic recovery of the country, which was seriously hit by low oil prices. The Central Bank Governor Oystein Olsen said that the prospects and balance of risks for the Norwegian economy did not seem to have changed significantly since the September meeting. The economy of […]

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Turkey expects record economy growth

7:30 amComments Off on Turkey expects record economy growth
Turkey expects record economy growth

Turkey expects record economy growth after the export in 2017 will increase by 11% yoy, reaching record high in the history of the modern Turkish Republic. “Export will exceed 157.6 billion USD this year, which is the historic peak with an increase of 11% in the year”, said the Turkish Economy Minister, Nihat Zeybekci. He also noted that Turkey’s exports increased by 16% in October compared to the same month […]

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German business confidence improves to a new record high in October 2017

October 25, 2017 12:57 pmComments Off on German business confidence improves to a new record high in October 2017
German business confidence improves to a new record high in October 2017

German business confidence unexpectedly improves to a new record high in October 2017, indicating that the momentum of growth in the largest European economy is far from weakening. The index of the Munich Institute for Economic Research (Ifo) rose from 115.3 points in September to 116.7 points in October, beating the expectations of economists for retreat to 115.1 points. “Companies are very optimistic about the months ahead. They also upwardly […]

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Saudi leading investor joined the critics of Bitcoin and crypto-currencies

October 24, 2017 12:51 pmComments Off on Saudi leading investor joined the critics of Bitcoin and crypto-currencies
Saudi leading investor joined the critics of Bitcoin and crypto-currencies

Saudi prince Al-Waleed bin Talal joined the critics of Bitcoin and crypto-currencies, comparing it with the Enron affair. “I just do not believe in this thing Bitcoin. I think it’ll just blow out one day. I think it’s Enron affair in action”, said Al-Waleed bin Talal. “It just does not make sense, it’s not regulated, it’s out of control, it’s not under the supervision of any central bank”, added he. […]

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