The economic situation in Cyprus improved after the Eurogroup decided to provide Nicosia with financial assistance in the amount of ten billion euros. According to experts, the acute phase of the crisis in Cyprus has already been overcome.
As a result of lengthy negotiations, it was decided that deposits of more than 100 thousand euros covered by insurance in the EU will be fully retained, and for large – above 100 thousand euros – the tax will be 40%. Cyprus President Nikos Anastasiadis noted that he was satisfied with the agreement.
Now the Cypriot authorities are trying by all means to prevent the outflow of funds of investors. They will be allowed to withdraw no more than 300 euros per day to prevent the outflow of liquidity. At the same time, a number of prohibitive measures are being introduced, including the abolition of cashing checks and restrictions on the export of currency outside the country.
Citizens of Cyprus will also temporarily be unable to take out more than 1000 euros when traveling abroad. Customs officers will conduct checks at border crossings. Continue reading
The Scandinavian countries are today considered one of the most promising in terms of business. This is where the most incredible startups can be brought to life. After the perestroika, many Russians also decided to open their own business there. 25 years of experience have shown that there are some nuances (however, as always) that either complicate or simplify the work in this country for different people. So, what can please or upset a small business startup in Sweden?
Business in Stockholm – common features In Sweden, small business and the startup movement as a whole is very large-scale. But in recent years, due to the ongoing financial crisis, its activities are gradually declining. This is evidenced by the famous Swedish businessman Gustav Henman.
Today, there is a serious decline in the ability to find good sponsors and large investors, and the pace of market development is gradually slowing down. Continue reading