Good news for Europe as China decides to invest in the region’s bailout funds and maintain its holdings of euro assets. As a result, currency gains have already become apparent, while Asian stocks also increase thanks to a more optimistic outlook. “China will always adhere to the principle of holding assets of EU sovereign debt,”…
Russia-Cyprus Ties Boost Economies
According to Russian Ambassador Vyacheslav Shumskiy, Russia and Cyprus have managed to restore pre-crisis trade and economic cooperation levels. Last year, the countries’ economic ties reached $1.3 billion. Over the past 20 years, “the gross investment volume between our countries reached one hundred billion dollars and this is a very impressive figure,” the ambassador said…
Robert Horrocks on Greece’s Bailout and Global Economy
Yesterday, Greece missed yet another deadline for a new bailout, boosting investors’ concerns across the globe as the chances of EU-IMF aid fade. Still, Chief Investment Officer of Matthews Asia Robert Horrocks believes Greece should be treated like a “sideshow,” claiming that a default would not have such a dramatic effect on global economy. “We…
Eastern European News
Lithuania Propels into Fintech
Lithuania is fast gaining a reputation for being the most accelerated Fintech hub in all of Europe. It features year-on-year 40% growth in the area as well as a burgeoning talent base and quite unique regulatory route. This has rendered it Europe’s largest e-money license issuer. As such, large names are flocking to the area…
Business in Europe: Best Countries Report
Yesterday the European Chamber (EUCHAM) put out a report of “rank[ing] and analyz[ing] all 46 European countries according to their economic environment.” In brief, it was found that the list toppers were those from the Nordic regions (Denmark, Finland, Norway and Sweden). Next on the list was the UK. While in general the FSU countries…
