acceptance as market economy

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EBRD wins M&A award for central and eastern Europe

29 March 2017 14:54:29 - Europe News

Bank recognised as 'Investment Bank of the Year' in ceremony in Warsaw In recognition of the EBRD's continuing impact on the economies of central and eastern Europe (CEE) the Bank has been named 'Investment Bank of the Year' in a ceremony in Warsaw after a selection by an independent jury comprising over 30 private equity, venture capital and M&A professionals operating in the region. The EBRD also accepted the 'Cross-border Deal of the Year' award on behalf of all investors for the buyout of Allegro Group, the leading online market platform and the largest non-food online...

Vice All News Time29 March 2017 14:54:29


Wang bears message: End protectionism

16 February 2017 23:59:16 - Europe News

FM urges Germany to back China's acceptance as market economy Beijing sent a strong signal to the European Union to scrap protectionism with Foreign Minister Wang Yi calling on Germany to prompt the EU to redress a lapse in World Trade Organization protocol. Meeting with Wang on Thursday, German Vice-Chancellor and Foreign Minister Sigmar Gabriel said Berlin would help promote talks on the China-EU Bilateral Investment Treaty and welcomed Chinese investment. The meeting on the sidelines of the G20 foreign ministers meeting in...

Vice All News Time16 February 2017 23:59:16

'Hard' Brexit most likely outcome for UK leaving EU, says S&P

11 November 2016 12:11:35

A "hard" Brexit in which Britain loses its free access to the European Union market now looks like the most likely outcome of the country's plan to leave the bloc, ratings agency Standard & Poor's said. Britain will suffer the brunt of the economic impact of Brexit and the effects on the world economy will be more limited, S&P said in its latest update on Britain's economy. S&P cut Britain's top-notch AAA credit rating by two places to AA shortly after the June 23 vote to leave the EU, arguing that the country's capacity for effective and stable policymaking had diminished. On Friday, it said that it appeared that Britain's government had not yet accepted that the EU was unlikely to yield on the indivisibility of its four freedoms - the free movement of people, capital, goods, and services. "Even if Westminster were to acknowledge the EU position, it is hard to fathom how a rather hard Brexit can be avoided unless both sides become much more flexible than they appear today," said S&P chief sovereign credit officer Moritz Kraemer.

Vice All News Time11 November 2016 12:11:35

Fixed income-differing momentum in Europe and the US

31 October 2016 10:29:05

Fixed-income investors should be more than satisfied in terms of performance, as till date the income generating asset class proved to be one of the top performers. In Europe the performance is primarily attributed to the fuelled monetary policy in early March, while the remarkable gains in mainly Emerging Market hard currency debt and US high yield were driven by investors fetching higher yield. Thus surely against most odds the fixed-income class turned to be a strong performer in 2016. However, where are bonds heading in the last two months of 2016? Initially, a clear distinction should be made between the current situation in Europe and the economic reality being experienced in the United States. Let’s face it, the monetary policy implemented a few years ago in the US did trigger the necessary appetite for investment spending and consumer spending (which accounts to circa 70 per cent of GDP) which in turn is pushing economic growth towards acceptable levels. Just as a side note, last Friday the US economy grew by an annualised rate of 2.9 per cent, while expectations were those of a 2.6 per cent growth. By the way, this is the strongest growth rate since the third quarter of...

Vice All News Time31 October 2016 10:29:05

Competition Commission to Tackle Cartels

09 August 2016 16:26:19 - Africa News

Windhoek -It is widely accepted that the cornerstone of a successful market economy is the existence of a "competition culture" within a country and that an understanding by the public of the benefits of competition and broad-based support for a strong competition policy is essential. ......

Vice All News Time09 August 2016 16:26:19

Valletta market move set to take place

20 June 2016 20:30:36

The relocation of the Valletta open market from Merchants' Street to Ordnance Street is set to take place in the coming weeks, Economy Minister Chris Cardona said today. Speaking during the first of a series of public consultations called Gvern li jisma, Dr Cardona said around half of the stalls which are currently set up along Merchants street would be moving to Ordinance Street;. The rest, he added had accepted an €80,000 government offer to give up their licence. Dr Cardona said inspections would be carried out “regularly” to ensure that no unlicensed hawkers set up stalls and to ensure the area was kept clean. “I myself have reprimanded hawkers for leaving clothes hangers and other litter lying around. This should not and will not be tolerated,” he said. See also

Vice All News Time20 June 2016 20:30:36

Marriott Hotel Leads the Way to Boost the Halal Tourism Economy in Philippines

27 April 2016 17:49:35 Morocco World News

Rabat - The Manila Marriott has become the first premium hotel chain to be rated for its Halal friendly services to help accelerate the vision of Philippines to become one of the world’s preferred destinations for Muslim tourists. The five star Manila Marriott Hotel has been recognised by CrescentRating, the leading authority in Halal travel, with a rating of five for its halal friendly services and facilities. Among other Muslim friendly services, the Hotel has a Halal food section in the Marriott Café. Crescent Rating of the Hotels and Resorts in the Philippines is part of a series of initiatives recently unveiled by The Philippine Department of Tourism (PDOT) to create a long-term infrastructure across the country to diversify its visitor arrivals by attracting Muslim visitors- especially from the neighbouring ASEAN region and the Middle East. Travel experts predict these initiatives could be worth millions of dollars to the tourism industry in the country. The Muslim travel market is now widely recognised as a key growth tourism sector projected to be worth more than $200 billion by 2020, according to the MasterCard-CrescentRating Global Muslim Travel Index 2016 report. “Marriott Hotel Manila is excited to be a leader in promoting Halal Friendly services and offerings to the region and beyond. We look forward to extending not only our world class Filipino Hospitality to our local, regional and global customers, but also an environment of awareness, sensitivity and exemplary service expected from a multitude of discerning customers. We are thrilled to partner with The Philippine Department of Tourism (PDOT) in this important initiative”. Bruce Winton, General Manager for Marriott Manila said. Fazal Bahardeen, CEO of CrescentRating, said “We are delighted to welcome a prestigious brand such as Marriott as a member of Crescent Rated Hotels. “Marriott are leading the drive from the front and more Hotels will be granted a Crescent Rating in the Philippines soon.” “We predict that this commitment by Marriott will be worth millions of dollars to the local economy over the next few years and will drive visitor arrivals to the country.” The Philippine Department of Tourism (PDOT) recently partnered with CrescentRating on a series of activities to increase awareness of the availability of Halal food, mosques and other Muslim-friendly holiday experiences and facilities in the Philippines. Philippines close proximity to the large Muslim populations of Malaysia, Indonesia and Singapore coupled with its rich diverse culture make the country an attractive destination for family tourists keen to explore one of the most unique places in Asia. The Philippines receives approximately 566,000 visitors from the Middle East, parts of ASEAN, as well as India and Israel annually. Tourism Philippines said this new drive to attract inbound Muslim touristsformed a key strand on its long-term strategy to maximizeits economic growth in the halal tourism industry. Secretary Ramon R. Jimenez, Jr. of the Philippine Department of Tourism (PDoT), said: “Our Philippine Halal Tourism project has been successful in generating awareness and creating a Halal consciousness among the Filipino people. We have finally broken real ground and set very realistic targets to begin the important work of making Halal a real industry in the Philippines. “It is important because it is a given in the Filipino culture that our best and most important welcome to any visitor is with food. And if we are not Halal, there is a very important segment of society in the world that we are not extending a proper welcome to. “We commend Manila Marriott Hotel for being the first premium hotel chain to be rated for its Halal friendly services and for joining us in making our brand of welcome special, through food that is proper and acceptable to our countrymen and friends around the world.” The Philippines is a Southeast Asian country comprising more than 7,000 islands and offering a unique travel experience from its beautiful coastlines, lush mountain ranges and bustling city centers. The MasterCard-CrescentRating Global Muslim Travel Index (GMTI) 2016, the most comprehensive research that has been released on the sector, revealed that in 2015, there were 117 million Muslim travellers representing 10% of the entire travel economy. Philippines was ranked 46 th on the list with a GMTI 2016. The post Marriott Hotel Leads the Way to Boost the Halal Tourism Economy in Philippines appeared first on Morocco World News .

Vice All News Time27 April 2016 17:49:35

Strategic Plan 2020: Ingenico Group strengthens its global leadership in omni-channel payment acceptance (Ingenico Group SA)

23 March 2016 08:38:37 - Europe News

(Source: Ingenico Group SA) The electronic payment market is in the midst of a boom driven by the rise of e-commerce, new regulations that restrict the use of physical money around the world and the continuous expansion of the middle class in the emerging economies. As a result of those trends, new consumption patterns and new payment methods have emerged. Ingenico Group's unique status as a provider of smart terminals and both online and in-store payment services puts the company in...

Vice All News Time23 March 2016 08:38:37

German minister feels Brexit would be poisonous

06 March 2016 22:33:48 The Asian Age

A British vote to leave the European Union would damage the British, European and global economies, German finance minister Wolfgang Schaeuble said in an interview with the BBC. A British exit following a June 23 membership referendum would rock the EU by ripping away its second-largest economy and its richest financial centre. Prime Minister David Cameron has said Britain will be better off remaining in the bloc. “We would have years of the most difficult negotiations, which would be very difficult for the EU as well. And for years we would have such insecurity that would be a poison to the economy in the UK, the European continent and for the global economy as well,” Mr Schaeuble said, according to a translation of the interview broadcast on Sunday. Mr Schaeuble said that while Britain would still be able to trade with the EU after leaving, it could not have the advantage of access to the bloc’s single market without accepting free movement of EU citizens or paying in to the EU’s budget. He dismissed the idea that Britain could follow the example of countries such as Norway, which accepts freedom of movement, pays contributions to the EU budgets and applies the single market’s rules and regulations without having a vote on them. “I cannot really see why the UK would be interested in staying within the single market without being able to make decisions about it,” he said. “It doesn’t really make sense.” A collection of polls published by YouGov on Saturday showed that the ‘In’ camp has had four consecutive leads since Febraury 25, averaging 40 per cent support compared with 37 per cent for ‘Out’. Its four previous polls put the ‘Out’ camp ahead. Meanwhile, London mayor Boris Johnson accused the establishment of “crushing” a business leader for publicly supporting a Brexit. Mr Johnson, the leading advocate of the campaign for Britain to leave the EU in a June referendum, said it was “absolutely scandalous” that John Longworth had been suspended as head of the British Chambers of Commerce. “It cannot be right that when someone has the guts to dissent from the establishment line, he or she is immediately crushed by the agents of Project Fear,” he said.

Vice All News Time06 March 2016 22:33:48

Hawkers find closed doors

31 January 2016 15:51:55

The government is considering doubling the payout to monti hawkers to reduce the number of stalls, enabling it to return to its original plans to relocate the market to Valletta’s Ordnance Street, The Sunday Times of Malta has learnt. The offer being considered is in the region of €40,000, up from the €23,000 offer made in November last year to entice them to give up their licence. Sources said this was just one of the options being considered by the government to resolve the impasse over the stalls’ relocation. An Economy Minister spokesman would not confirm nor deny that it was one of the options being considered. But lawyer Claire Bonello, representing the monti hawkers, said although she had heard such information through the grapevine, the authorities had not made an official offer. “I am reliably informed this is being considered but the offer has not yet been made,” Dr Bonello said when contacted. Asked whether they would be prepared to accept such an offer, Dr Bonello said hawkers were not after money but simply wanted to be allowed to work. “It seems the government is intent on reneging on its contractual obligations and preferring to cull the number of hawkers, in...

Vice All News Time31 January 2016 15:51:55