Articles by: Viliyana Filipovamm

House prices in London declined sharply in July

September 20, 2018 1:10 pmComments Off on House prices in London declined sharply in July
House prices in London declined sharply in July

House prices in London reported their biggest decline in July in nearly a decade, according to the data from the National Statistics Service. The house prices fell by 0.7% yoy, which is the biggest decline since September 2009. The average property price in the British capital in July is 485,000 GBP. This sliced off around 2,500 GBP per home. A separate one-off ONS analysis of the London property market concluded […]

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China will not start competitive devaluation of its currency to stimulate exports

September 19, 2018 9:49 amComments Off on China will not start competitive devaluation of its currency to stimulate exports
China will not start competitive devaluation of its currency to stimulate exports

China will not start competitive devaluation of its currency to stimulate exports. This was stated by Chinese Prime Minister Li Keqiang after another episode of the escalating trade war between Beijing and Washington. Speaking at an event at the World Economic Forum, he did not comment on the growing tensions, but pointed out that the deliberate devaluation of the yuan was “groundless”. “One-day devaluation of the yuan brings more damage […]

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Cashless payments are becoming more popular in Europe

September 18, 2018 8:51 amComments Off on Cashless payments are becoming more popular in Europe
Cashless payments are becoming more popular in Europe

Cashless payments are becoming more popular in Europe. Last year, the total number of payments by electronic means (card, money transfer from one account to another, checks and etc) made in the European Union (EU) grew by almost 8% and reached 134 billion EUR, according to data from the European Central Bank (ECB). The Europeans used cards transactions more than ever. The card payments jumped by 11% last year and […]

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The European Central Bank expectedly kept the interest rates unchanged

September 13, 2018 1:42 pmComments Off on The European Central Bank expectedly kept the interest rates unchanged
The European Central Bank expectedly kept the interest rates unchanged

The European Central Bank (ECB) expectedly kept the interest rates unchanged, but has signaled that net asset purchases will end in December only if macro data confirm its medium-term inflation expectations. This is clear from today’s decision of the ECB published on the institution’s website. At today’s meeting the ECB kept unchanged the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and […]

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Business climate in Germany improved for the second consecutive month

September 12, 2018 9:51 amComments Off on Business climate in Germany improved for the second consecutive month
Business climate in Germany improved for the second consecutive month

German analysts and investors attitudes about the prospects for the country’s economy in the coming months improved in September for the second consecutive month, with a view to further weakening fears of a major trade war with the United States, according to a recent study of the European Economic Research Center Zew. The Zew index, measuring Germany’s future economic outlook for the next six months, rose by 3.1 points to […]

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