Baltic states Estonia, today became a member of the European Union euro zone and entering the 17th.
Small Baltic country of Estonia's currency, the crown's decision to use euros instead of the common currency euro region, gained its independence from the Soviet Union in 1991 with the consolidation of Europe's economy for nearly 20 years after the last adımıydı effort. Estonia, which is also included in the Euro Zone was the first former Soviet republic.
Estonian Prime Minister Andrus Ansip, the nation's capital Tallinn with a population of 1.3 million opera house is a machine to withdraw money out of the euro banknotes placed in the first person to attract, while the Ansip'i, EU Commission Vice President Siim Kallas in charge of transportation, and the Lithuanian Prime Minister Andrius Kubilius Prime Minister of Latvia Valdis Dombrovskis followed.
Ansip, Kallas, Kubilius and Dombrovskis, both in Estonia as well as the start of a new era for the people by 2011 along with thousands of input avroları shaking hands to celebrate with fireworks.
Prime Minister Ansip, avroları machine to withdraw money after serving his speech, 'This little for Euro Zone, is a big step for Estonia. The most important guarantor of our security of euros. We are now the world's second largest financial district with all the obligations of member of the 'he said.
Without including a statement hours before the Estonia Euro zone and EU Commission President Jose Manuel Barroso, and euros all EU members would support Estonia's economy has sent a strong message, he said.
Senior officials from Estonia, and many economists, the economy contracted by 14 percent last year to join euro zone and believe will benefit. Yesterday, Prime Minister Ansip journalists, 70 percent of the country's trade is with members of the EU said, 'Estonia's trade in Euros not support' he said.
However, public opinion polls in the country more than a third of the euro zone and the entry shows not looking hot.
Almonds in the center of the capital Tallinn to continue working in their lives by selling 20-year-old Cairo Raitme, euro zone and the entry of his country, 'I think is bad for our economy. Prices are rising and will continue to rise, 'the words evaluated.
Slovakia, Slovenia and Estonia after the third Eastern European countries using the euro. Estonia's neighbors, Latvia and Lithuania expected to join the Euro Zone in 2014, Poland, Romania, Hungary, the Czech Republic and Bulgaria will be included in when not clear.
All of these countries, despite having promised one day to participate in Euro Zone, Ireland, Greece, Spain and Portugal want to see how to resolve debt problems. Euro zone and the debt crisis in Europe as well as lower borrowing costs, guarantee of being a member of the ideas that are badly damaged.
President of Poland Marek Belka Central Bank, the country euro zone and an 'order' is established would take, saying, 'Euro Zone are dramatic events, so why rush it? " he says.
Czech Republic Prime Minister Petr Necas said that the euro will not be the advantage of his country for a long time.
Economists, the Eastern European countries join the 2019-2020 years before the euro zone and do not think.
Showing posts with label euro. Show all posts
Showing posts with label euro. Show all posts
Saturday, January 1, 2011
Thursday, December 23, 2010
Dollar and euro the day how did it start?
Istanbul free market of $ 1.5520, the euro was 2.0380 pounds the day.
Lira lira 1.5520 dollars from 1.5460 in the Grand Bazaar are sold.
2.0310 pounds from the sales price of the euro was 2.0380 pounds.
1.5540 pounds yesterday at the close of a free market sale price of the dollar, the euro was the sales price of 2.0360 lira.
Dollar interbank market quotations as of 9:05 hours alışta 1.5440 pounds lowest and the highest 1.5470 pounds, the lowest 1.5500 pounds on sale, are traded on the highest level of 1.5540 pounds.
Lira lira 1.5520 dollars from 1.5460 in the Grand Bazaar are sold.
2.0310 pounds from the sales price of the euro was 2.0380 pounds.
1.5540 pounds yesterday at the close of a free market sale price of the dollar, the euro was the sales price of 2.0360 lira.
Dollar interbank market quotations as of 9:05 hours alışta 1.5440 pounds lowest and the highest 1.5470 pounds, the lowest 1.5500 pounds on sale, are traded on the highest level of 1.5540 pounds.
Thursday, November 25, 2010
Asset Management Market Commentary (November 24, 2010)
Germany, the United States described the positive impact of the data described in the applications for unemployment benefits to come down to the lowest level since July 2008 and is added to exceed the expectations of consumer confidence in global stock markets yesterday, despite the concerns of the debt of Ireland, said the rise hard. Process will be made today, the U.S. market in the United States because of Thanksgiving Day.
Stocks within the country of the Turks from Germany translate to positive from stable due to the appearance of positive data and Fitch Turkey 67.231 1.3% increase from ended. 4 basis points to 7.63% with the increase in the level of the benchmark bond held close. £ 1.4% against the U.S. dollar fell against the euro appreciated 0.2%.
Macro data on the IFO business climate index for Germany in November, was announced as a 109.3 on the estimates. UK quarterly basis, third quarter data GSİYH 0.8%, rose by 2.8% on an annual basis. While growth estimates for the month of October in the U.S. durable goods orders fell 3.3%. In October, personal income increased 0.4% in 0.5% of expenditures. 407K is quite below expectations on a weekly basis, while applications for unemployment is described, in 4182 took place in the ongoing applications. Consumer confidence index in November, as expected, was announced on the 71.6. Expectations, while the increase in new home sales in October fell to 2%.
Stocks within the country of the Turks from Germany translate to positive from stable due to the appearance of positive data and Fitch Turkey 67.231 1.3% increase from ended. 4 basis points to 7.63% with the increase in the level of the benchmark bond held close. £ 1.4% against the U.S. dollar fell against the euro appreciated 0.2%.
Macro data on the IFO business climate index for Germany in November, was announced as a 109.3 on the estimates. UK quarterly basis, third quarter data GSİYH 0.8%, rose by 2.8% on an annual basis. While growth estimates for the month of October in the U.S. durable goods orders fell 3.3%. In October, personal income increased 0.4% in 0.5% of expenditures. 407K is quite below expectations on a weekly basis, while applications for unemployment is described, in 4182 took place in the ongoing applications. Consumer confidence index in November, as expected, was announced on the 71.6. Expectations, while the increase in new home sales in October fell to 2%.
Greece lead Spain, Ireland and Portugal different
Euro-zone economies turning down one by one almost like dominoes. Process that began with Greece and Ireland, Portugal and Spain now has turned to the eyes. Spain put on a par with others, however, the same is not true.
The analysts estimated as the priest, the cause of this condition being mentioned in the euro common currency is due to economies said they lost their competitive advantages due to the single currency, these countries will defend yakalayamayacaklarını again. In this case, the collapse of the country's next in a matter of time.
However, the situation can be more closely examined, this assessment is incorrect. Because of these economies has çatırdamasında different reasons.
Greece's economy has collapsed because of the worst managed in this country among the members of the OECD economy. The country is no longer a systematic state corruption, incorrect assessment of the risks of the markets caused by hiding the true financial position. Sack in the end, however, did not fit the spear and liabilities exceeded the tolerance level.
BANKING PROBLEMS IN IRELAND
On the other hand the conditions in Ireland rather than in the euro zone may find all she took the blow from somewhere else. The Dublin government has failed in controlling the banking system at the end of the corresponding 176'sına percent of gross domestic product was forced to take on bank debt.
Bank and contractor companies that inevitably this will happen if it does not control. In fact, once seen as a high growth rate of the Celtic Tiger in Ireland or even England and Germany may become debt.
Portugal also had the problem before the start of the global financial crisis. Portugal's economy is growing slowly, the growth performance between 1999 and 2008 remained below 1 percent. Portugal after Euro haunted by this problem, drawing concerns about finding a sustainable level debt.
PORTUGAL TO DO MORE
The Lisbon government, Greece and Ireland for not sharing the same fate as many of the structural reforms need to do more. Affordable for the euro zone the size of Portugal's debt problem is size of the inside of the authorities relaxed a little.
Representation of Business uneasy when it comes to economic growth of Spain as the head of a similar situation in this regard, of course heads the state constitutes the very busy.
This is an economy in the hands of Europe's 350 billion euro rescue program, in case it needs them the source, in spite of support from the IMF may not be enough.
SPANISH same bag FALSE ARREST
However, the markets in Spain, although the same par with other countries to put the above, by increasing borrowing costs cezalandırsa is that the good side of the business, it too has no basis. If you need it in a nutshell, the other countries mentioned in the same basket is not in Spain.
Because Spain's total gross public debt to almost half of the corresponding rate of hasılasına Greece has 64'ile percent. However, this ratio is only part of a 26 per cent by foreign investors. The remainder is taken from local investors. On the other hand, guarantee obligations arising from the Madrid government debt to GDP ratio of banks is not too much. This rate was 176 per cent in Ireland, Spain, does not exceed 5 percent.
Likewise, in Spain, the largest banks in emerging economies intensive activities abroad, in an emergency without having to load onto the government's disposal is also possible.
Of course, economic growth and unemployment in Spain, but still lives on the serious issues, what is the stock of debt to Greece, Ireland, such as what is irrelevant as the embattled banking sector in Portugal, nor is a government problem.
* This article is CNBC.com 'or, "Why Spain Is NOT Like Greece, Ireland, Portugal," compiled from articles published under the title.
The analysts estimated as the priest, the cause of this condition being mentioned in the euro common currency is due to economies said they lost their competitive advantages due to the single currency, these countries will defend yakalayamayacaklarını again. In this case, the collapse of the country's next in a matter of time.
However, the situation can be more closely examined, this assessment is incorrect. Because of these economies has çatırdamasında different reasons.
Greece's economy has collapsed because of the worst managed in this country among the members of the OECD economy. The country is no longer a systematic state corruption, incorrect assessment of the risks of the markets caused by hiding the true financial position. Sack in the end, however, did not fit the spear and liabilities exceeded the tolerance level.
BANKING PROBLEMS IN IRELAND
On the other hand the conditions in Ireland rather than in the euro zone may find all she took the blow from somewhere else. The Dublin government has failed in controlling the banking system at the end of the corresponding 176'sına percent of gross domestic product was forced to take on bank debt.
Bank and contractor companies that inevitably this will happen if it does not control. In fact, once seen as a high growth rate of the Celtic Tiger in Ireland or even England and Germany may become debt.
Portugal also had the problem before the start of the global financial crisis. Portugal's economy is growing slowly, the growth performance between 1999 and 2008 remained below 1 percent. Portugal after Euro haunted by this problem, drawing concerns about finding a sustainable level debt.
PORTUGAL TO DO MORE
The Lisbon government, Greece and Ireland for not sharing the same fate as many of the structural reforms need to do more. Affordable for the euro zone the size of Portugal's debt problem is size of the inside of the authorities relaxed a little.
Representation of Business uneasy when it comes to economic growth of Spain as the head of a similar situation in this regard, of course heads the state constitutes the very busy.
This is an economy in the hands of Europe's 350 billion euro rescue program, in case it needs them the source, in spite of support from the IMF may not be enough.
SPANISH same bag FALSE ARREST
However, the markets in Spain, although the same par with other countries to put the above, by increasing borrowing costs cezalandırsa is that the good side of the business, it too has no basis. If you need it in a nutshell, the other countries mentioned in the same basket is not in Spain.
Because Spain's total gross public debt to almost half of the corresponding rate of hasılasına Greece has 64'ile percent. However, this ratio is only part of a 26 per cent by foreign investors. The remainder is taken from local investors. On the other hand, guarantee obligations arising from the Madrid government debt to GDP ratio of banks is not too much. This rate was 176 per cent in Ireland, Spain, does not exceed 5 percent.
Likewise, in Spain, the largest banks in emerging economies intensive activities abroad, in an emergency without having to load onto the government's disposal is also possible.
Of course, economic growth and unemployment in Spain, but still lives on the serious issues, what is the stock of debt to Greece, Ireland, such as what is irrelevant as the embattled banking sector in Portugal, nor is a government problem.
* This article is CNBC.com 'or, "Why Spain Is NOT Like Greece, Ireland, Portugal," compiled from articles published under the title.
Airbus 30 thousand euro prize contest
Europe's multi-national aircraft manufacturer Airbus company, students from around the world urged to develop new ideas for a greener aviation industry. The members of the jury's award-winning set of 30 thousand Ero Fly Your Ideas (FYI) competition in 2011 from Turkey at the moment: Istanbul Technical University, Middle East Technical University, Kocaeli University, Anadolu University and Bahcesehir University participation of the group reported a total of 6. Other students wishing to participate in three or five-person teams, 30 November 2010 until the date of the application needs to make Airbus'un website.
Project teams have to submit proposals until December 10, 2010. Project presentations in the last 5 teams, then the second round of the Paris Air Show to win the VIP trip, will make presentations in front of the jury.
All over the world, engineering, marketing, management science, philosophy and design students in such fields can submit their applications.
Content of the presentations of Airbus 'Environmental Life Cycle' approach to the fifth stage of the design, supply chain, manufacturing, airline operations and the user has to be one of the post.
30 THOUSAND EURO PRIZE COMPETITION JURY DETERMINED
Develop ideas for the aviation industry teams will compete in the finals in June 2011 in Paris, in front of the jury will be composed of the following names: German Aviation and Space Industry Center (DLR) Chairman Prof. Woerner, who participated in the UK easyJet acquired Go's Barbara Cassani, founder and CEO, Chairman, Emirates Government, Environment and Public Relations Vice President, Andrew Parker, squad leader, writer and administrator of all the BBC's Peter Horrocks, including Airbus Vice President, Engineering Charles Champion'ın including senior representatives of Airbus.
Airbus held a similar contest in 2008 to 2 thousand 350 students from 80 countries participated.
Project teams have to submit proposals until December 10, 2010. Project presentations in the last 5 teams, then the second round of the Paris Air Show to win the VIP trip, will make presentations in front of the jury.
All over the world, engineering, marketing, management science, philosophy and design students in such fields can submit their applications.
Content of the presentations of Airbus 'Environmental Life Cycle' approach to the fifth stage of the design, supply chain, manufacturing, airline operations and the user has to be one of the post.
30 THOUSAND EURO PRIZE COMPETITION JURY DETERMINED
Develop ideas for the aviation industry teams will compete in the finals in June 2011 in Paris, in front of the jury will be composed of the following names: German Aviation and Space Industry Center (DLR) Chairman Prof. Woerner, who participated in the UK easyJet acquired Go's Barbara Cassani, founder and CEO, Chairman, Emirates Government, Environment and Public Relations Vice President, Andrew Parker, squad leader, writer and administrator of all the BBC's Peter Horrocks, including Airbus Vice President, Engineering Charles Champion'ın including senior representatives of Airbus.
Airbus held a similar contest in 2008 to 2 thousand 350 students from 80 countries participated.
Well shut down in the German travel industry
President of the German Travel Agents Association, Klaus Laepple, DRV'nin meeting organized by the German travel market in Morocco, the business volume reached 21.3 billion euros, he said. Laepple, Turkey assessed the rising demand. Here are the details ...
Speaking at the annual meeting of the German Association of Travel Agencies DRV'nin DRV President Klaus Laepple held in Morocco, said the industry experienced a recovery after the crisis seriously.
Captured 21.3 billion euros BUSINESS VOLUME
Laepple, 2009/2010 fiscal year which ended on October 31 travel agencies in Germany, said revenue increased by an average 2-3 percent of the volume of work consists of a 21.3 billion euro, he said.
German travel agents and consumers realized the crisis period 2008/09 to increase by 5 percent, indicating that Laepple, the package is around 1 per cent increase in turlardaki said.
TURKEY TO THE SERIOUS GROWTH MARKET
DRV performed research for the growing interest of Turkey to express koyfuğunu Laepple, 9 percent of sales in Turkey, Morocco, 6 percent, 4 percent increase in sales in Egypt, he said. Spain's the same level as the previous year sales chart birt intercepts Laepple said, sales of 4 percent in Greece, Tunisia, adding that the sales decline of 6 percent.
Dinleyin
Fonetik olarak okuyun
Speaking at the annual meeting of the German Association of Travel Agencies DRV'nin DRV President Klaus Laepple held in Morocco, said the industry experienced a recovery after the crisis seriously.
Captured 21.3 billion euros BUSINESS VOLUME
Laepple, 2009/2010 fiscal year which ended on October 31 travel agencies in Germany, said revenue increased by an average 2-3 percent of the volume of work consists of a 21.3 billion euro, he said.
German travel agents and consumers realized the crisis period 2008/09 to increase by 5 percent, indicating that Laepple, the package is around 1 per cent increase in turlardaki said.
TURKEY TO THE SERIOUS GROWTH MARKET
DRV performed research for the growing interest of Turkey to express koyfuğunu Laepple, 9 percent of sales in Turkey, Morocco, 6 percent, 4 percent increase in sales in Egypt, he said. Spain's the same level as the previous year sales chart birt intercepts Laepple said, sales of 4 percent in Greece, Tunisia, adding that the sales decline of 6 percent.
Dinleyin
Fonetik olarak okuyun
'We made the night of food ordered Turks'
Turkey VATAN'a Chess Federation President Ali Nihat Yazici said. Printer 1 pounds bribe not are no delegates, said that promotional activities are arranged for the food ısmarlandığı and the Turkish Night. The printer told me:
"Financial General Assembly in Ankara on Saturday there. Democratic ways of trying to create scandal for Muhalefetimiz beceremediği. Earned money is not an Olympic event. 200 countries, 3 thousand people in Istanbul for 15 days will be our guest. Budva Montenegro City were in front of us. Won 90 votes against 45. All spending 177 thousand liras. Budva has spent 300 thousand euros. 2012 World Chess Olympiad held in Istanbul is not under threat.
"We will crunch the answer"
Opposition will give the answer to this crunch. General Directorate of Youth (Youth and Sports General Directorate) inspectors have inspected, everything is documented. All event wrong interpretation of a sentence in the report. Pounds was not a bribe to a person, not paid in cash. Roughly 70 thousand pounds rent of the stand, on the night of 30 thousand Turkish liras, round-the arrival of 20 people, accommodation, souvenirs, dağıttımız chess sets, booklets, promotional films, found the cost of 70 thousand pounds. How many people can buy the remaining 3-5 thousand lirayla. One got 45 votes difference.
"Minister 'without coming' he said"
Minister of State for Sports, Murat Basesgioglu, in April 2008, 'Go take this organization. Without coming 'he said. That our relations in Africa, Latin America, Asia and all Muslim countries, such as door arkamızdaydı. But the federation's annual budget of Brunei Dollar 900. Finally, in a vote, a oydur. If you come up and we said let's airplane ticket. However, such a request did not come from anyone. French-speaking African Muslims have gathered in Dresden took a nice French restaurant. Turkish Night organized returns, whether served kebab, made a presentation accompanied by Turkish music. They bribe? This is a promotional activity. We did not bribe, did publicity. For example, candidate Norway 2013. We made an oral agreement of mutual support. In addition, some of our competitors in exchange for their support of a candidate tournament retreated.
"State officer"
I am a government officer working in TRT. Here, working as a volunteer. Turkey Chess Federation, the world's largest federation of chess. 155 thousand licensed athletes, there are 47 thousand antrenörümüz. We have about 6 million euro budget. That 25 percent of the sponsors and the state, create the rest of the proceeds obtained from the organizations.
"Financial General Assembly in Ankara on Saturday there. Democratic ways of trying to create scandal for Muhalefetimiz beceremediği. Earned money is not an Olympic event. 200 countries, 3 thousand people in Istanbul for 15 days will be our guest. Budva Montenegro City were in front of us. Won 90 votes against 45. All spending 177 thousand liras. Budva has spent 300 thousand euros. 2012 World Chess Olympiad held in Istanbul is not under threat.
"We will crunch the answer"
Opposition will give the answer to this crunch. General Directorate of Youth (Youth and Sports General Directorate) inspectors have inspected, everything is documented. All event wrong interpretation of a sentence in the report. Pounds was not a bribe to a person, not paid in cash. Roughly 70 thousand pounds rent of the stand, on the night of 30 thousand Turkish liras, round-the arrival of 20 people, accommodation, souvenirs, dağıttımız chess sets, booklets, promotional films, found the cost of 70 thousand pounds. How many people can buy the remaining 3-5 thousand lirayla. One got 45 votes difference.
"Minister 'without coming' he said"
Minister of State for Sports, Murat Basesgioglu, in April 2008, 'Go take this organization. Without coming 'he said. That our relations in Africa, Latin America, Asia and all Muslim countries, such as door arkamızdaydı. But the federation's annual budget of Brunei Dollar 900. Finally, in a vote, a oydur. If you come up and we said let's airplane ticket. However, such a request did not come from anyone. French-speaking African Muslims have gathered in Dresden took a nice French restaurant. Turkish Night organized returns, whether served kebab, made a presentation accompanied by Turkish music. They bribe? This is a promotional activity. We did not bribe, did publicity. For example, candidate Norway 2013. We made an oral agreement of mutual support. In addition, some of our competitors in exchange for their support of a candidate tournament retreated.
"State officer"
I am a government officer working in TRT. Here, working as a volunteer. Turkey Chess Federation, the world's largest federation of chess. 155 thousand licensed athletes, there are 47 thousand antrenörümüz. We have about 6 million euro budget. That 25 percent of the sponsors and the state, create the rest of the proceeds obtained from the organizations.
Institute of Environment will be
Istanbul's rich Eleni Zarifis, a French company as a hotel built in 1898 2nd in the world, Europe's largest wooden structure in 1902 to purchase the building, the orphanage has to be used as the Fener Greek Patriarchate.
Büyükada Greek Female Orphanage Foundation was the transfer of the building in 1903. Law on Foundations in 1935 the orphanage was recognized legal entity. Vakıflar'a transferred to the building in 1936, the Cyprus crisis in 1964, evacuated by the state and not used after that date. Patriarch Bartholomew, 23 thousand square meters, built on the site of the century-old building, repair of the orphanage and in 1990, a Turkish tourism company agreed to lease of 50 years, but did not recognize this agreement, the General Directorate of Foundations. Fener Greek Patriarchate, the Court admitted in 2005 to take ownership of Büyükada orphanage. Court 8 July 2008, the ownership of the Ecumenical Patriarchate in Turkey in the orphanage without paying an appropriate compensation for the absence of decision-making authority was received. Fener Greek Patriarchate and the transfer of the building 3 months before the Court of Turkey as a non-pecuniary damage and costs EUR 6 thousand to 20 thousand Euros to pay for the ruled. Turkey General Directorate of Foundations collected from reaching the Assembly of the Court's decision, the Court's decision in accordance with Yetimhanesi'nin Büyükada Greek Patriarchate unanimously decided to transfer. Thus the foundation for the first time, instead of a religious congregation decided to make the transfer of land was taken. The Patriarchate does apply to the Court, to convert the institute reported that the orphanage environment. Patriarch Bartholomew, for his work on environmental issues, 'Green Patriarch' as is.
Büyükada Greek Female Orphanage Foundation was the transfer of the building in 1903. Law on Foundations in 1935 the orphanage was recognized legal entity. Vakıflar'a transferred to the building in 1936, the Cyprus crisis in 1964, evacuated by the state and not used after that date. Patriarch Bartholomew, 23 thousand square meters, built on the site of the century-old building, repair of the orphanage and in 1990, a Turkish tourism company agreed to lease of 50 years, but did not recognize this agreement, the General Directorate of Foundations. Fener Greek Patriarchate, the Court admitted in 2005 to take ownership of Büyükada orphanage. Court 8 July 2008, the ownership of the Ecumenical Patriarchate in Turkey in the orphanage without paying an appropriate compensation for the absence of decision-making authority was received. Fener Greek Patriarchate and the transfer of the building 3 months before the Court of Turkey as a non-pecuniary damage and costs EUR 6 thousand to 20 thousand Euros to pay for the ruled. Turkey General Directorate of Foundations collected from reaching the Assembly of the Court's decision, the Court's decision in accordance with Yetimhanesi'nin Büyükada Greek Patriarchate unanimously decided to transfer. Thus the foundation for the first time, instead of a religious congregation decided to make the transfer of land was taken. The Patriarchate does apply to the Court, to convert the institute reported that the orphanage environment. Patriarch Bartholomew, for his work on environmental issues, 'Green Patriarch' as is.
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