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Уважаемые дамы и господа! В разделе "Разбор полетов" опубликован обзор " I will be кэшбэк - Мишустин стимулирует туризм " Россия пока не спешит открывать границы с другими государствами для туристов, руководствуясь принципом взаимности. finam.ru »
For now, existing rules for non-EU travelers will extend until end of JuneBut to extend travel warning for non-EU countries until 31 AugustBorder controls with Switzerland, France, Austria, Denmark will end on 15 JuneThere will be no more quarantine period with several neighboring countriesIf coronavirus situation worsens, will look into things again teletrade.ru »
For now, existing rules for non-EU travelers will extend until end of JuneBut to extend travel warning for non-EU countries until 31 AugustBorder controls with Switzerland, France, Austria, Denmark will end on 15 JuneThere will be no more quarantine period with several neighboring countriesIf coronavirus situation worsens, will look into things again teletrade.ru »
The Ukrainian government approved new restrucuturing terms of its local bonds that are held by the central bank, the Finance Ministry reported on Sept. 4. Based on the new deal, the central bank will agree to restructure local currency sovereign bonds of a total par value of UAH 219.6 bln (about USD 8.3 bln), of which UAH 159.5 bln mature in 2017-2020. After the restructuring, the bonds will mature every six months between May 2025 and November 2047. For the bonds that mature in 2025-2035 (abou ru.cbonds.info »
Switzerland's economic growth will likely accelerate at a faster rate than estimated earlier, supported by stable domestic demand and an improvement in exports as the Eurozone recovery strengthens, revised estimates released by the KOF Economic Institute showed Monday.
The agency forecasts that gross domestic product will grow at a faster rate of 1.9 percent this year than 1 percent in 2012. The revised outlook marks an improvement from the 1.4 percent gain the the firm had predicted earlier.
Further, growth is expected to accelerate to 2.1 percent next year, slightly faster than the 2 percent estimated earlier. Going ahead, growth is seen gathering further momentum, and the economy will expand 2.3 percent in 2015.
According to KOF, an upturn in Switzerland's exports will contribute significantly to the economy in the coming months, shifting the dynamics of growth from domestic demand towards foreign demand. The firms expects Swiss exports to rise 4.2 on average in 2014.
Consumer prices will likely drop further by 0.2 percent this year, but will reverse the falling trend by recording increases of 0.5 percent and 0.7 percent, respectively, in 2014 and 2015.
At the same time, unemployment will remain low in the coming months, but will hardly fall any further despite the positive economic developments.
KOF further noted that the economic environment will make it easier for the Swiss National Bank to end its zero interest rate policy and allow it to gradually start raising short-term interest rates again from 2015 onwards.
The Bank of Japan on Thursday announced decisive stimulus measures aimed at ending 15 years of deflation in the country as Governor Haruhiko Kuroda kept his promise of embarking on aggressive monetary easing at his first Policy Board meeting.
The Board decided to merge its asset purchase program with the regular monthly bond purchases. Under the new plan, the central bank purchases of the Japanese Government Bonds (JGB) will amount to around JPY 7 trillion per month.
The Board said that the BoJ will purchase JGBs so that their amount outstanding will increase at an annual pace of about JPY 50 trillion. This is expected to encourage a further decline in interest rates across the yield curve.
The average maturity of the bank's JGB's will be extended to seven years from slightly less than three years at present. JGBs with all maturities including 40-year bonds will be made eligible for purchase, the central bank said in a statement.
The Board decided to change the main operating target for money market operations to the monetary base from the benchmark uncollaterilized overnight call rate, which was kept unchanged at 0-0.1 percent.
The monetary base will now increase at an annual pace of about JPY 60-70 trillion. Further, the central bank temporarily suspended the banknote principle.
BoJ also set a time horizon of about two years for attaining 2 percent inflation target.
Germany's economic confidence turned positive in December for the first time since May 2012 as the largest euro area economy is expected to avoid a recession, a closely watched survey of financial market experts showed Tuesday.
The Indicator of Economic Sentiment climbed sharply by 22.6 points to 6.9 for December, survey from the ZEW Centre for European Economic Research revealed. Economists had forecast the reading to improve to -11.5.
Positive development in the U.S. also contributed to the improvement, which spurred the hope that the global economy will gain momentum. "The financial market experts forecast the development of the economic activity in 2013 with pre-Christmas optimism," said ZEW President Wolfgang Franz.
Although the cooling down of the economic activity will last until the beginning of 2013, Germany will not have to face a recession, provided the crises in the Eurozone do not deepen once again, he added.
The assessment of the current economic situation in Germany remained almost unchanged in December. The corresponding indicator gained 0.3 points to 5.7.
In contrast to the findings of ZEW survey, the German economic ministry today said the activity will weaken further in the final quarter of 2012. For the coming months, leading indicators show a dim picture, but with bright spots, it said in a statement.
The German economy grew 0.2 percent in the third quarter. Citing widespread uncertainty and difficult economic situation in parts of the euro area, the Bundesbank last week slashed its 2013 growth forecast for Germany to 0.4 percent from 1.6 percent.
Economic expectations for the Eurozone rose by 10.2 points to 7.6 points, the survey showed. The indicator for the current economic situation, at the same time, came in at -79.9 points-mark, up 0.4 points from the prior month.
The European Central Bank cut its economic forecasts for the euro area last week. The central bank projects GDP contractions of 0.5 percent this year and 0.3 percent in 2013. The economy is expected to recover in 2014 with a growth of 1.2 percent.
