A number of countries worldwide are determined to dump the US dollar or at least to eliminate its role in international settlements. These countries are mulling over this idea for different reasons. However, there is something in common – they are driven by political and economic motives.

One of influential policymakers who stands for de-dollarization is Francois Villeroy, the incumbent Governor of the Bank of France. Interestingly, Mr. Villeroy is among the front-runners to become the next President of the European Central Bank. Therefore, his views on the US dollar as a universal financial tool deserves special attention. The leader of France’s central bank advocates for a global use of the single currency that will “help to protect our businesses against foreign exchange risks or legal disputes abroad.” Mr. Villeroy believes that the euro is “a key component of the European financial sovereignty.” He noted that the global role of the US dollar was “a clear advantage in the exercise of American power, while China cares about the internationalization of the renminbi”.

Francois Villeroy has been at the helm of the Bank of France for a few years. So, the regulator has been forging ahead with plans to challenge the status of the US dollar in favor of the euro. If he replaces Mario Draghi, he is likely to carry on with this rhetoric. However, if Francois Villeroy is not elected as the ECB President, France’s monetary authorities will still pose a challenge to the US dollar, thus promoting the international expansion of the euro.

Read more: https://www.mt5.com/forex_humor/image/42087

https://instaforex.livejournal.com/2000877.html

A number of countries worldwide are determined to dump the US dollar or at least to eliminate its role in international settlements. These countries are mulling over this idea for different reasons. However, there is something in common – they are driven by political and economic motives.

One of influential policymakers who stands for de-dollarization is Francois Villeroy, the incumbent Governor of the Bank of France. Interestingly, Mr. Villeroy is among the front-runners to become the next President of the European Central Bank. Therefore, his views on the US dollar as a universal financial tool deserves special attention. The leader of France’s central bank advocates for a global use of the single currency that will “help to protect our businesses against foreign exchange risks or legal disputes abroad.” Mr. Villeroy believes that the euro is “a key component of the European financial sovereignty.” He noted that the global role of the US dollar was “a clear advantage in the exercise of American power, while China cares about the internationalization of the renminbi”.

Francois Villeroy has been at the helm of the Bank of France for a few years. So, the regulator has been forging ahead with plans to challenge the status of the US dollar in favor of the euro. If he replaces Mario Draghi, he is likely to carry on with this rhetoric. However, if Francois Villeroy is not elected as the ECB President, France’s monetary authorities will still pose a challenge to the US dollar, thus promoting the international expansion of the euro.

Read more: https://www.mt5.com/forex_humor/image/42087

https://instaforex.livejournal.com/2000877.html

There are several unique bridges on the globe that make people feel dizzy while walking on them. Not anyone can dare to step on such a bridge. They are located at a breathtaking altitude that can virtually take your breath away. See top 10 of these bridges in our photo gallery

Langkawi Sky Bridge (Malaysia)
The bridge with the self-explanatory name was built in Malaysia. The mountains and cloudy peaks come into view on the Sky Bridge. While constructing it, builders raised the huge parts by helicopter.

Royal Gorge Bridge (USA)
A huge bridge stretches over a deep gorge, named Royal Gorge. Those who walk on this bridge can view fascinating sceneries, but it’s better not to look down. It took six months to build this construction in Colorado

Zhangjiajie Bridge (China)
The unique Zhangjiajie glass bridge is opened for travellers in China. Adventure-seekers would definitely love it: walking at a height, they can see deep gorges under their feet. The entrance fee to the bridge is $ 20.

Eshima Ohashi Bridge (Japan)

An amazing bridge resembling a roller coaster was constructed in the Land of the Rising Sun. It seems to slope up into the sky due to its shape. Moving on such a bridge can be challenging, especially for drivers.

The Cloud Bridge, overlooking the clouds, was constructed at the foot of Daedunsan Mountain in South Korea. This bridge resembles a stairway to the sky. It rises to the very top of the mountain, and it’s rather hard to ascend this bridge.

Aiguille du Midi Bridge (France)

A fascinating bridge stretches in the French Alps. To walk on it, one should take a cable car. There are snow caps of the mountain peaks on both sides of the bridge, as far as the eye can see, and below there are deep gorges. A part of the bridge is cut in a high rock.

Capilano Suspension Bridge (Canada)

There is a very long suspension bridge in the Canadian province of Vancouver. It looks like vines in tropical forests. The bridge stretches across the woodlands. It seems fragile and unstable at first sight, but this impression is deceptive. The bridge boasts of fascinating views.

Hussaini Bridge (Pakistan)

This structure is not as sustainable as the previous bridge. Previously, the Hussaini Bridge was repeatedly washed away by waves, and it had to be restored. Currently, this bridge is actively used, but travelers should be careful.

Bein Bridge (Myanmar)

Meanwhile, one of the longest bridges in Myanmar is in much worse condition. This construction falls into disrepair gradually. Crossing it is dangerous. The U Bein bridge is supported by teak pillars that are steadily decaying.

Windsor Bridge (Gibraltar)

This magnificent structure seems to be floating in the air. The Windsor Bridge offers stunning views of the strait and the surrounding mountains. This construction runs along the path that has been named the Gibraltar thrill seekers trail. Even sophisticated travelers can get a bunch of impressions on this bridge.

https://instaforex.livejournal.com/2000484.html

There are several unique bridges on the globe that make people feel dizzy while walking on them. Not anyone can dare to step on such a bridge. They are located at a breathtaking altitude that can virtually take your breath away. See top 10 of these bridges in our photo gallery

Langkawi Sky Bridge (Malaysia)
The bridge with the self-explanatory name was built in Malaysia. The mountains and cloudy peaks come into view on the Sky Bridge. While constructing it, builders raised the huge parts by helicopter.

Royal Gorge Bridge (USA)
A huge bridge stretches over a deep gorge, named Royal Gorge. Those who walk on this bridge can view fascinating sceneries, but it’s better not to look down. It took six months to build this construction in Colorado

Zhangjiajie Bridge (China)
The unique Zhangjiajie glass bridge is opened for travellers in China. Adventure-seekers would definitely love it: walking at a height, they can see deep gorges under their feet. The entrance fee to the bridge is $ 20.

Eshima Ohashi Bridge (Japan)

An amazing bridge resembling a roller coaster was constructed in the Land of the Rising Sun. It seems to slope up into the sky due to its shape. Moving on such a bridge can be challenging, especially for drivers.

The Cloud Bridge, overlooking the clouds, was constructed at the foot of Daedunsan Mountain in South Korea. This bridge resembles a stairway to the sky. It rises to the very top of the mountain, and it’s rather hard to ascend this bridge.

Aiguille du Midi Bridge (France)

A fascinating bridge stretches in the French Alps. To walk on it, one should take a cable car. There are snow caps of the mountain peaks on both sides of the bridge, as far as the eye can see, and below there are deep gorges. A part of the bridge is cut in a high rock.

Capilano Suspension Bridge (Canada)

There is a very long suspension bridge in the Canadian province of Vancouver. It looks like vines in tropical forests. The bridge stretches across the woodlands. It seems fragile and unstable at first sight, but this impression is deceptive. The bridge boasts of fascinating views.

Hussaini Bridge (Pakistan)

This structure is not as sustainable as the previous bridge. Previously, the Hussaini Bridge was repeatedly washed away by waves, and it had to be restored. Currently, this bridge is actively used, but travelers should be careful.

Bein Bridge (Myanmar)

Meanwhile, one of the longest bridges in Myanmar is in much worse condition. This construction falls into disrepair gradually. Crossing it is dangerous. The U Bein bridge is supported by teak pillars that are steadily decaying.

Windsor Bridge (Gibraltar)

This magnificent structure seems to be floating in the air. The Windsor Bridge offers stunning views of the strait and the surrounding mountains. This construction runs along the path that has been named the Gibraltar thrill seekers trail. Even sophisticated travelers can get a bunch of impressions on this bridge.

https://instaforex.livejournal.com/2000484.html

China complains about unfair economic pressure from the US. On the other hand, Beijing widely employs similar tools towards other partners. Diplomatic strain between China and Canada has been going on for half a year. Oddly enough, Beijing stands against economic sanctions as political penalizing measures but at the same time, it follows the policy of double standards. In late 2018, Beijing started a crackdown on Canada’s imports. China’s first move was to slash imports of Canada’s agricultural produce. However, when other categories of cargo are still delivered to China’s ports, they go through a strict inspection at the customs.

“I cannot say that I unavoidably have a sense of hopefulness since we are at an impasse. It is a difficult moment. And of course we’re concerned with the spectra of other products being either delayed at the border or in some way taken out of the trading relationship. This is a real concern,” Canada’s Finance Minister Bill Morneau commented on diplomatic tension. At present, the parties have not found a way out of the gridlock. In this context, they will hardly resume efficient trade relations in the short term. A standoff between the two countries followed after Canada had arrested Huawei’s chief financial officer Meng Wanzhou at the request of the US. In retaliation, China detained several Canadian citizens who were accused of alleged involvement in espionage. Now they are facing trial as the charges of stealing China’s national security information were confirmed last month.

Read more: https://www.mt5.com/forex_humor/image/42076

https://instaforex.livejournal.com/2000208.html

China complains about unfair economic pressure from the US. On the other hand, Beijing widely employs similar tools towards other partners. Diplomatic strain between China and Canada has been going on for half a year. Oddly enough, Beijing stands against economic sanctions as political penalizing measures but at the same time, it follows the policy of double standards. In late 2018, Beijing started a crackdown on Canada’s imports. China’s first move was to slash imports of Canada’s agricultural produce. However, when other categories of cargo are still delivered to China’s ports, they go through a strict inspection at the customs.

“I cannot say that I unavoidably have a sense of hopefulness since we are at an impasse. It is a difficult moment. And of course we’re concerned with the spectra of other products being either delayed at the border or in some way taken out of the trading relationship. This is a real concern,” Canada’s Finance Minister Bill Morneau commented on diplomatic tension. At present, the parties have not found a way out of the gridlock. In this context, they will hardly resume efficient trade relations in the short term. A standoff between the two countries followed after Canada had arrested Huawei’s chief financial officer Meng Wanzhou at the request of the US. In retaliation, China detained several Canadian citizens who were accused of alleged involvement in espionage. Now they are facing trial as the charges of stealing China’s national security information were confirmed last month.

Read more: https://www.mt5.com/forex_humor/image/42076

https://instaforex.livejournal.com/2000208.html

China complains about unfair economic pressure from the US. On the other hand, Beijing widely employs similar tools towards other partners. Diplomatic strain between China and Canada has been going on for half a year. Oddly enough, Beijing stands against economic sanctions as political penalizing measures but at the same time, it follows the policy of double standards. In late 2018, Beijing started a crackdown on Canada’s imports. China’s first move was to slash imports of Canada’s agricultural produce. However, when other categories of cargo are still delivered to China’s ports, they go through a strict inspection at the customs.

“I cannot say that I unavoidably have a sense of hopefulness since we are at an impasse. It is a difficult moment. And of course we’re concerned with the spectra of other products being either delayed at the border or in some way taken out of the trading relationship. This is a real concern,” Canada’s Finance Minister Bill Morneau commented on diplomatic tension. At present, the parties have not found a way out of the gridlock. In this context, they will hardly resume efficient trade relations in the short term. A standoff between the two countries followed after Canada had arrested Huawei’s chief financial officer Meng Wanzhou at the request of the US. In retaliation, China detained several Canadian citizens who were accused of alleged involvement in espionage. Now they are facing trial as the charges of stealing China’s national security information were confirmed last month.

Read more: https://www.mt5.com/forex_humor/image/42076

https://instaforex.livejournal.com/2000208.html

To sell homes and land for 1 еuro has become popular in Europe in recent years. Certain risks of such attractive offers are revealed in our article.

The government is trying to improve the welfare of settlements and increase the flow of investment in the depopulated regions by putting up for sale houses and land for a nominal fee. Due to the abundance of such offers you can come to the conclusion that this strategy is worth implementing. Having invested in real estate and having spent thousands of euros on the registration of all the necessary papers, the majority of new settlers remain to live in the well-kept territories.

Rappottenstein, Austria
Local authorities announced the possibility of purchasing 800-900 square metres of land for 1 Euro in order to increase the population of the Austrian village, Rappottenstein. In return everyone interested (married couples or singles) should have at least one child for the first ten years. You should also build a house over the next three years otherwise they will have to pay a fine of 12 thousand euros in case of the breach of the contract.

Champ-du-Boult, France
Several offers for buyers with firm intentions are valid in France. You can enjoy idyllic rural landscapes by agreeing to the proposed modalities. Thus, the authorities of the French commune Champ-du-Boult in the Calvados department offer all families with children, regardless of nationality and citizenship to purchase a land plot of about 1, 000 square meters. Previously, the population of this town was scarce - a few hundred people. Sale of plots for 1 euro is aimed at increasing the number of people there, whereas there were several hundred people in total.

Roubaix is a small village in nothern France, located near Belgian border. You can purchase the whole house for one euro, however, the house will be shabby. Then, you should rebuild the house at your own expenses. It is prohibited to sell it for five years.

One more life is given to shabby houses in Cobridge, Staffordshire. After paying 1 euro, the new tenant needs to fork out another 30 thousand pounds for house renovation but then it is prohibited to sell the house for five year after the purchas

Liverpool, England
Despite the fact that there is a legendary Liverpool football club stadium in Enfield, the region itself is considered to be decadent and houses are sold for nothing.
The authorities, in their turn, are trying to breathe life into it, transforming dilapidated houses into beautiful ones. Putting houses up for auction, they do all the most diffucult work on the renovation of buildings, but only British citizens living and working in Liverpool can buy them.

The Pitcairn Islands, Great Britain
The Pitcairn Islands group is a British overseas territory. These islands are almost inhabited. It is largely explained by its remote location. Since 1930s up to the present time, the population has decreased fourfold (from 200 to just over 50 people). That is why distribution of free land is considered by the authorities as one of the ways to attract new residents (along with the legalizing same-sex marriages). Potential buyers should prove their solvency by providing bank statements with no less than 30 thousand New Zealand dollars as far as it is difficult to find a job in this area and construction will cost a lot.

Piemonte, Italy
About two dozen cities joined this program. Carrega Ligure, a comune in the Province of Alessandria comprises 13 regions with only 100 hundred inhabitants. The houses for sale are surrounded by five valleys, once chosen by monks for their atmosphere of peace and solitude. Here, at an altitude of 950 m above sea level, there are excellent environmental conditions, so new houses can only be built with environmentally friendly materials, meanwhile preserving the authenticity of the buildings.

Region Sicily and Sardinia, Italy
Houses for sale in communes Gangi and Mussomeli in Sicilia continue to be put up for 1 euro in order to limit rates of urbanization and breathe life into this paradise, once a favourite place for the mafia. Purchased houses should also be renovated at one’s own expense. It will cost 6.000 euros to register the purchase. You should do the house renovation in Sicilia within five years while in Ollolai and Nulvi, in Sardinia, within a year after making a deal that is 20 thousand euros.

https://instaforex.livejournal.com/1999998.html

To sell homes and land for 1 еuro has become popular in Europe in recent years. Certain risks of such attractive offers are revealed in our article.

The government is trying to improve the welfare of settlements and increase the flow of investment in the depopulated regions by putting up for sale houses and land for a nominal fee. Due to the abundance of such offers you can come to the conclusion that this strategy is worth implementing. Having invested in real estate and having spent thousands of euros on the registration of all the necessary papers, the majority of new settlers remain to live in the well-kept territories.

Rappottenstein, Austria
Local authorities announced the possibility of purchasing 800-900 square metres of land for 1 Euro in order to increase the population of the Austrian village, Rappottenstein. In return everyone interested (married couples or singles) should have at least one child for the first ten years. You should also build a house over the next three years otherwise they will have to pay a fine of 12 thousand euros in case of the breach of the contract.

Champ-du-Boult, France
Several offers for buyers with firm intentions are valid in France. You can enjoy idyllic rural landscapes by agreeing to the proposed modalities. Thus, the authorities of the French commune Champ-du-Boult in the Calvados department offer all families with children, regardless of nationality and citizenship to purchase a land plot of about 1, 000 square meters. Previously, the population of this town was scarce - a few hundred people. Sale of plots for 1 euro is aimed at increasing the number of people there, whereas there were several hundred people in total.

Roubaix is a small village in nothern France, located near Belgian border. You can purchase the whole house for one euro, however, the house will be shabby. Then, you should rebuild the house at your own expenses. It is prohibited to sell it for five years.

One more life is given to shabby houses in Cobridge, Staffordshire. After paying 1 euro, the new tenant needs to fork out another 30 thousand pounds for house renovation but then it is prohibited to sell the house for five year after the purchas

Liverpool, England
Despite the fact that there is a legendary Liverpool football club stadium in Enfield, the region itself is considered to be decadent and houses are sold for nothing.
The authorities, in their turn, are trying to breathe life into it, transforming dilapidated houses into beautiful ones. Putting houses up for auction, they do all the most diffucult work on the renovation of buildings, but only British citizens living and working in Liverpool can buy them.

The Pitcairn Islands, Great Britain
The Pitcairn Islands group is a British overseas territory. These islands are almost inhabited. It is largely explained by its remote location. Since 1930s up to the present time, the population has decreased fourfold (from 200 to just over 50 people). That is why distribution of free land is considered by the authorities as one of the ways to attract new residents (along with the legalizing same-sex marriages). Potential buyers should prove their solvency by providing bank statements with no less than 30 thousand New Zealand dollars as far as it is difficult to find a job in this area and construction will cost a lot.

Piemonte, Italy
About two dozen cities joined this program. Carrega Ligure, a comune in the Province of Alessandria comprises 13 regions with only 100 hundred inhabitants. The houses for sale are surrounded by five valleys, once chosen by monks for their atmosphere of peace and solitude. Here, at an altitude of 950 m above sea level, there are excellent environmental conditions, so new houses can only be built with environmentally friendly materials, meanwhile preserving the authenticity of the buildings.

Region Sicily and Sardinia, Italy
Houses for sale in communes Gangi and Mussomeli in Sicilia continue to be put up for 1 euro in order to limit rates of urbanization and breathe life into this paradise, once a favourite place for the mafia. Purchased houses should also be renovated at one’s own expense. It will cost 6.000 euros to register the purchase. You should do the house renovation in Sicilia within five years while in Ollolai and Nulvi, in Sardinia, within a year after making a deal that is 20 thousand euros.

https://instaforex.livejournal.com/1999998.html

To sell homes and land for 1 еuro has become popular in Europe in recent years. Certain risks of such attractive offers are revealed in our article.

The government is trying to improve the welfare of settlements and increase the flow of investment in the depopulated regions by putting up for sale houses and land for a nominal fee. Due to the abundance of such offers you can come to the conclusion that this strategy is worth implementing. Having invested in real estate and having spent thousands of euros on the registration of all the necessary papers, the majority of new settlers remain to live in the well-kept territories.

Rappottenstein, Austria
Local authorities announced the possibility of purchasing 800-900 square metres of land for 1 Euro in order to increase the population of the Austrian village, Rappottenstein. In return everyone interested (married couples or singles) should have at least one child for the first ten years. You should also build a house over the next three years otherwise they will have to pay a fine of 12 thousand euros in case of the breach of the contract.

Champ-du-Boult, France
Several offers for buyers with firm intentions are valid in France. You can enjoy idyllic rural landscapes by agreeing to the proposed modalities. Thus, the authorities of the French commune Champ-du-Boult in the Calvados department offer all families with children, regardless of nationality and citizenship to purchase a land plot of about 1, 000 square meters. Previously, the population of this town was scarce - a few hundred people. Sale of plots for 1 euro is aimed at increasing the number of people there, whereas there were several hundred people in total.

Roubaix is a small village in nothern France, located near Belgian border. You can purchase the whole house for one euro, however, the house will be shabby. Then, you should rebuild the house at your own expenses. It is prohibited to sell it for five years.

One more life is given to shabby houses in Cobridge, Staffordshire. After paying 1 euro, the new tenant needs to fork out another 30 thousand pounds for house renovation but then it is prohibited to sell the house for five year after the purchas

Liverpool, England
Despite the fact that there is a legendary Liverpool football club stadium in Enfield, the region itself is considered to be decadent and houses are sold for nothing.
The authorities, in their turn, are trying to breathe life into it, transforming dilapidated houses into beautiful ones. Putting houses up for auction, they do all the most diffucult work on the renovation of buildings, but only British citizens living and working in Liverpool can buy them.

The Pitcairn Islands, Great Britain
The Pitcairn Islands group is a British overseas territory. These islands are almost inhabited. It is largely explained by its remote location. Since 1930s up to the present time, the population has decreased fourfold (from 200 to just over 50 people). That is why distribution of free land is considered by the authorities as one of the ways to attract new residents (along with the legalizing same-sex marriages). Potential buyers should prove their solvency by providing bank statements with no less than 30 thousand New Zealand dollars as far as it is difficult to find a job in this area and construction will cost a lot.

Piemonte, Italy
About two dozen cities joined this program. Carrega Ligure, a comune in the Province of Alessandria comprises 13 regions with only 100 hundred inhabitants. The houses for sale are surrounded by five valleys, once chosen by monks for their atmosphere of peace and solitude. Here, at an altitude of 950 m above sea level, there are excellent environmental conditions, so new houses can only be built with environmentally friendly materials, meanwhile preserving the authenticity of the buildings.

Region Sicily and Sardinia, Italy
Houses for sale in communes Gangi and Mussomeli in Sicilia continue to be put up for 1 euro in order to limit rates of urbanization and breathe life into this paradise, once a favourite place for the mafia. Purchased houses should also be renovated at one’s own expense. It will cost 6.000 euros to register the purchase. You should do the house renovation in Sicilia within five years while in Ollolai and Nulvi, in Sardinia, within a year after making a deal that is 20 thousand euros.

https://instaforex.livejournal.com/1999998.html

For the past month, bitcoin has broken the level of 9,000 USD several times. Probably, the cryptocurrency will manage to breach the physiological threshold at 10,000 USD. The rally is gaining momentum and has been continuing for several weeks. So far, there have been no signs that it will end soon. A threefold increase in bitcoin prices has been registered year to date. Thus, bitcoin is again considered to be the most lucrative asset for investments this year. A surge of more than 300% in less than half a year - that’s a really impressive result. In fact, bitcoin is pushing the entire cryptocurrency market up. Early this year, the market capitalization was at 200 billion USD, in April this figure advanced to 445 billion USD, and in May the capitalization reached as high as 725 billion USD. The total value of the largest crypto projects — Bitcoin, Ethereum, and Ripple — exceeded 1 trillion USD in May. At the same time, there is a big difference between the current rally and the last year’s surge. Back in 2018, people were buying bitcoins in hope of getting fast profits. Nowadays, investors’ decision to buy the cryptocurrency is usually well-balanced. In most cases, bitcoin is chosen as an asset for long-term investments, which proves a sustainable nature of the ongoing rally. The institutional investors tend to be more reserved and don’t rush around unlike individual traders. Therefore, the risk of another bubble is lower this time.

Read more: https://www.mt5.com/forex_humor/image/42058

https://instaforex.livejournal.com/1999735.html

For the past month, bitcoin has broken the level of 9,000 USD several times. Probably, the cryptocurrency will manage to breach the physiological threshold at 10,000 USD. The rally is gaining momentum and has been continuing for several weeks. So far, there have been no signs that it will end soon. A threefold increase in bitcoin prices has been registered year to date. Thus, bitcoin is again considered to be the most lucrative asset for investments this year. A surge of more than 300% in less than half a year - that’s a really impressive result. In fact, bitcoin is pushing the entire cryptocurrency market up. Early this year, the market capitalization was at 200 billion USD, in April this figure advanced to 445 billion USD, and in May the capitalization reached as high as 725 billion USD. The total value of the largest crypto projects — Bitcoin, Ethereum, and Ripple — exceeded 1 trillion USD in May. At the same time, there is a big difference between the current rally and the last year’s surge. Back in 2018, people were buying bitcoins in hope of getting fast profits. Nowadays, investors’ decision to buy the cryptocurrency is usually well-balanced. In most cases, bitcoin is chosen as an asset for long-term investments, which proves a sustainable nature of the ongoing rally. The institutional investors tend to be more reserved and don’t rush around unlike individual traders. Therefore, the risk of another bubble is lower this time.

Read more: https://www.mt5.com/forex_humor/image/42058

https://instaforex.livejournal.com/1999735.html

According to the International Development Management Institute (IMD), there are about ten competitive countries in the world. The governments of these states provide a suitable competitive environment and ensure favorable conditions for doing business.

Singapore
Singapore held the first spot in this ranking nine years ago. It turned out that it is among the business leaders again this year. Experts believe that the reasons for the economy growth consist in advanced technological infrastructure, a sufficient number of skilled labour power, favourable immigration laws, and effective ways of business development.

Hong Kong
The economy of this country is based on a free market, minimum taxation and non-interference of the state. Hong Kong is an offshore territory where imports are duty-free. Excise taxes are only imposed on four types of goods - alcoholic beverages, tobacco, mineral oil, and methyl alcohol, regardless of the fact whether they are imported or locally produced. Hong Kong is an important center of international finance hosting headquarters of many world's leading corporations.

The USA
IMD ranked the United States third. However, experts mention that Donald Trump’s policy rating is poor. Despite the fact that the country is setting global growth rates for infrastructure and economic indicators, US competitiveness is hardly the highest one. The state of the world's largest economy was affected by high fuel prices, a decline in the export of high-tech goods, and fluctuations in the cost of the national currency.

Switzerland
The economy of Switzerland is one of the world’s most stable economies. Switzerland ranks at number 4 in terms of economic competitiveness.The policy of long-term monetary security and bank privacy has made Switzerland a prosperous country. Investors are confident in the safety of their funds here. It makes the country's economy highly dependent on the inflow of foreign investment. Industrial and trade sectors play a significant role as key economic resources for Switzerland. The country also processes two thirds of the world's gold reserves.

The United Arab Emirates
The UAE occupies the fifth place in this ranking. Re-export, trade, extraction as well as oil and gas exports. Additionally, oil production in the UAE reaches 2.2 million barrels per day. The largest petroleum factories are located in Dubai, Sharjah, and Ras Al Khaimah. Dubai's commercial center and Jebel Ali free zone have attracted impressive foreign investment over few decades. The capacity of the ports of Rashid and Jebel Ali is more than 3 million container units per year.

The Netherlands
The Netherlands, which is at the sixth line, is among highly competitive countries for its reputation of world famous companies and leading trusts. There are headquarters and production facilities of such multinational and European companies as VimpelCom, Royal Dutch/Shell (petrochemistry), Unilever (household chemicals and products), and Royal Philips Electronics (electronics) in Holland. The economy of the Netherlands is considered to be export-oriented, so this country is focused on foreign markets.

Ireland
IMD ranked Northern Ireland the seventh. Export is the main driver of its economic growth. The economic development of the country allows to increase consumer spending. Analysts mention that the unemployment rate in Ireland is very low.

Denmark
IMD put Denmark to the eighth line. The country depends on imports of raw materials and foreign trade. It has modest natural resources, but the government of the country puts big investments into human resources. The service sector in Denmark holds the lion’s share of the labor market and the nation’s economy. The Danish economy is characterized by its stability. It has balanced budget, a stable currency, low interest rates, and slow inflation.

Sweden
The ninth spot in the IMD ranking goes to Sweden. The country has a diversified and competitive economy. Swedish companies export many goods to foreign countries. The country maintains a trade surplus from year to year. There are 50 global companies in Sweden, including ABB, Atlas Copco, Oriflame, Saab AB, Scania, Volvo, Ericsson, TELE2, AB Electrolux, TetraPak, Alfa Laval, SKF, H&M, and others. Innovations are very popular in the country. There is a highly developed and constantly upgraded infrastructure, as well as well-trained staff.

Qatar
Qatar is the last country on the rating list. According to experts, the high revenues from trade contributed to the economic development of oil and gas producing countries, including Saudi Arabia and Qatar. Analysts say that the state has joined the top ten business leaders for the first time since 2013.

https://instaforex.livejournal.com/1999377.html

According to the International Development Management Institute (IMD), there are about ten competitive countries in the world. The governments of these states provide a suitable competitive environment and ensure favorable conditions for doing business.

Singapore
Singapore held the first spot in this ranking nine years ago. It turned out that it is among the business leaders again this year. Experts believe that the reasons for the economy growth consist in advanced technological infrastructure, a sufficient number of skilled labour power, favourable immigration laws, and effective ways of business development.

Hong Kong
The economy of this country is based on a free market, minimum taxation and non-interference of the state. Hong Kong is an offshore territory where imports are duty-free. Excise taxes are only imposed on four types of goods - alcoholic beverages, tobacco, mineral oil, and methyl alcohol, regardless of the fact whether they are imported or locally produced. Hong Kong is an important center of international finance hosting headquarters of many world's leading corporations.

The USA
IMD ranked the United States third. However, experts mention that Donald Trump’s policy rating is poor. Despite the fact that the country is setting global growth rates for infrastructure and economic indicators, US competitiveness is hardly the highest one. The state of the world's largest economy was affected by high fuel prices, a decline in the export of high-tech goods, and fluctuations in the cost of the national currency.

Switzerland
The economy of Switzerland is one of the world’s most stable economies. Switzerland ranks at number 4 in terms of economic competitiveness.The policy of long-term monetary security and bank privacy has made Switzerland a prosperous country. Investors are confident in the safety of their funds here. It makes the country's economy highly dependent on the inflow of foreign investment. Industrial and trade sectors play a significant role as key economic resources for Switzerland. The country also processes two thirds of the world's gold reserves.

The United Arab Emirates
The UAE occupies the fifth place in this ranking. Re-export, trade, extraction as well as oil and gas exports. Additionally, oil production in the UAE reaches 2.2 million barrels per day. The largest petroleum factories are located in Dubai, Sharjah, and Ras Al Khaimah. Dubai's commercial center and Jebel Ali free zone have attracted impressive foreign investment over few decades. The capacity of the ports of Rashid and Jebel Ali is more than 3 million container units per year.

The Netherlands
The Netherlands, which is at the sixth line, is among highly competitive countries for its reputation of world famous companies and leading trusts. There are headquarters and production facilities of such multinational and European companies as VimpelCom, Royal Dutch/Shell (petrochemistry), Unilever (household chemicals and products), and Royal Philips Electronics (electronics) in Holland. The economy of the Netherlands is considered to be export-oriented, so this country is focused on foreign markets.

Ireland
IMD ranked Northern Ireland the seventh. Export is the main driver of its economic growth. The economic development of the country allows to increase consumer spending. Analysts mention that the unemployment rate in Ireland is very low.

Denmark
IMD put Denmark to the eighth line. The country depends on imports of raw materials and foreign trade. It has modest natural resources, but the government of the country puts big investments into human resources. The service sector in Denmark holds the lion’s share of the labor market and the nation’s economy. The Danish economy is characterized by its stability. It has balanced budget, a stable currency, low interest rates, and slow inflation.

Sweden
The ninth spot in the IMD ranking goes to Sweden. The country has a diversified and competitive economy. Swedish companies export many goods to foreign countries. The country maintains a trade surplus from year to year. There are 50 global companies in Sweden, including ABB, Atlas Copco, Oriflame, Saab AB, Scania, Volvo, Ericsson, TELE2, AB Electrolux, TetraPak, Alfa Laval, SKF, H&M, and others. Innovations are very popular in the country. There is a highly developed and constantly upgraded infrastructure, as well as well-trained staff.

Qatar
Qatar is the last country on the rating list. According to experts, the high revenues from trade contributed to the economic development of oil and gas producing countries, including Saudi Arabia and Qatar. Analysts say that the state has joined the top ten business leaders for the first time since 2013.

https://instaforex.livejournal.com/1999377.html

India has got involved in a trade war. One of the most fast-developing economies could not resist the pressure and joined the lingering struggle for the best trading conditions. The Indian government introduced additional tariffs on the goods imported from the United States. So far, the customs duties on 28 categories of products have been increased. The measures were announced on the official website of the Ministry of Finance. The tariffs have already come into effect, so now the United States should pay more to import almonds, apples, and walnuts to the country. Thus, the Indian authorities retaliated against US President Donald Trump for his decision to deprive India and Turkey of trade concessions allowed by the Generalized System of Preferences. Remarkably, Trump was justified in imposing this measure. He argued that “India failed to provide the United States with assurances that it will provide equitable and reasonable access to its markets in numerous sectors”. As for Turkey, it lost privileges due to its “sufficient economic development”. By the way, apart from India’s removal from the Generalized System of Preferences, the United States imposed additional levies on all imports of steel and aluminium. The decision affected Indian businesses. There is a risk that this interchange of tariffs and sanctions may lead to a full-blown battle. Donald Trump has a quick temper: once he flares up, it’s hard to stop him. Time will show how this round of another trade conflict will end.

Read more: https://www.mt5.com/forex_humor/image/42043

https://instaforex.livejournal.com/1999205.html

India has got involved in a trade war. One of the most fast-developing economies could not resist the pressure and joined the lingering struggle for the best trading conditions. The Indian government introduced additional tariffs on the goods imported from the United States. So far, the customs duties on 28 categories of products have been increased. The measures were announced on the official website of the Ministry of Finance. The tariffs have already come into effect, so now the United States should pay more to import almonds, apples, and walnuts to the country. Thus, the Indian authorities retaliated against US President Donald Trump for his decision to deprive India and Turkey of trade concessions allowed by the Generalized System of Preferences. Remarkably, Trump was justified in imposing this measure. He argued that “India failed to provide the United States with assurances that it will provide equitable and reasonable access to its markets in numerous sectors”. As for Turkey, it lost privileges due to its “sufficient economic development”. By the way, apart from India’s removal from the Generalized System of Preferences, the United States imposed additional levies on all imports of steel and aluminium. The decision affected Indian businesses. There is a risk that this interchange of tariffs and sanctions may lead to a full-blown battle. Donald Trump has a quick temper: once he flares up, it’s hard to stop him. Time will show how this round of another trade conflict will end.

Read more: https://www.mt5.com/forex_humor/image/42043

https://instaforex.livejournal.com/1999205.html

India has got involved in a trade war. One of the most fast-developing economies could not resist the pressure and joined the lingering struggle for the best trading conditions. The Indian government introduced additional tariffs on the goods imported from the United States. So far, the customs duties on 28 categories of products have been increased. The measures were announced on the official website of the Ministry of Finance. The tariffs have already come into effect, so now the United States should pay more to import almonds, apples, and walnuts to the country. Thus, the Indian authorities retaliated against US President Donald Trump for his decision to deprive India and Turkey of trade concessions allowed by the Generalized System of Preferences. Remarkably, Trump was justified in imposing this measure. He argued that “India failed to provide the United States with assurances that it will provide equitable and reasonable access to its markets in numerous sectors”. As for Turkey, it lost privileges due to its “sufficient economic development”. By the way, apart from India’s removal from the Generalized System of Preferences, the United States imposed additional levies on all imports of steel and aluminium. The decision affected Indian businesses. There is a risk that this interchange of tariffs and sanctions may lead to a full-blown battle. Donald Trump has a quick temper: once he flares up, it’s hard to stop him. Time will show how this round of another trade conflict will end.

Read more: https://www.mt5.com/forex_humor/image/42043

https://instaforex.livejournal.com/1999205.html

According to the survey by the Turstat analytical agency, many people prefer foreign medical centres. However, some trust Russian medicine. Turstat has ranked cities offering high-tech medical services.

Tel Aviv
Tel Aviv became the leader among cities which are the most suitable for medical tourism. It was chosen by 27% of the respondents. Israel is one of the most in-demand destination for diagnostics and patients treatment. 30 thousand foreign patients travel to Israel every year, including 48% residents from the CIS. According to the International Health Center (IHRC), the country took the top spot in terms of the quality of medical care.

Saint Petersburg
Saint Petersburg holds the second spot on the list of cities with the best medical service. It is preferred by 20% of the respondents. Saint Petersburg offers unique services in the field of medical care. This market is being developed, modernised, and completed with new advanced trends and technologies. Most patients are from the CIS countries. Treatment in Russian clinics costs 40-80% cheaper for foreign patients than in their home countries.

Moscow
Moscow, the capital of Russia, is the third among cities that are the most suitable for medical tourism. 16% of the respondents voted for it. Moscow is a multi-million metropolis where the best medical institutions are located. Many residents of the CIS countries consult Moscow specialists. Medical tourism to Moscow has become more popular among Russians recently.

Kazan
Kazan retains its fourth spot being the city with excellent healthcare professionals. 10% of the respondents voted for Kazan.
Patients come to Kazan hoping to receive a wide range of medical services of decent quality and at reasonable prices. An impressive number of highly qualified specialists are located in Tatarstan. The most popular areas are orthopedics, traumatology, oncology, gynecology, urology, cardiology, and ophthalmology.

Sochi
Sochi, Russia, closes the top-7 best medical tourism destinations. It was chosen by 4% of the respodents. Sochi is one of the largest year-round balneological resort in the world and in Russia, where the best sanatoriums and boarding houses of the Black Sea coast are located. Diseases of the musculoskeletal system, the cardiovascular and nervous systems, reproductive disorders, etc. are successfully treated in Sochi.

Berlin
According to Turstat, Berlin occupies the fifth place in this ranking. It is considered to be one of the most attractive cities for medical tourism. 8% of the respondents voted for it. Germany is a leader in global medical tourism, ranking the second place in Europe in terms of healthcare funding. Examination and treatment are carried out according to international protocols. Research centers operate on the basis of university clinics, and medical innovations are quickly used in treatment programs.

Seoul
Seoul, South Korea, is the sixth in the rating of the best countries for medical tourism. It is chosen by 4% of the respondents. There are more than 21 thousand of medical institutions, including multi-field hospitals of the highest category. Patients point out a high level of medical care in Seoul.

https://instaforex.livejournal.com/1998886.html

According to the survey by the Turstat analytical agency, many people prefer foreign medical centres. However, some trust Russian medicine. Turstat has ranked cities offering high-tech medical services.

Tel Aviv
Tel Aviv became the leader among cities which are the most suitable for medical tourism. It was chosen by 27% of the respondents. Israel is one of the most in-demand destination for diagnostics and patients treatment. 30 thousand foreign patients travel to Israel every year, including 48% residents from the CIS. According to the International Health Center (IHRC), the country took the top spot in terms of the quality of medical care.

Saint Petersburg
Saint Petersburg holds the second spot on the list of cities with the best medical service. It is preferred by 20% of the respondents. Saint Petersburg offers unique services in the field of medical care. This market is being developed, modernised, and completed with new advanced trends and technologies. Most patients are from the CIS countries. Treatment in Russian clinics costs 40-80% cheaper for foreign patients than in their home countries.

Moscow
Moscow, the capital of Russia, is the third among cities that are the most suitable for medical tourism. 16% of the respondents voted for it. Moscow is a multi-million metropolis where the best medical institutions are located. Many residents of the CIS countries consult Moscow specialists. Medical tourism to Moscow has become more popular among Russians recently.

Kazan
Kazan retains its fourth spot being the city with excellent healthcare professionals. 10% of the respondents voted for Kazan.
Patients come to Kazan hoping to receive a wide range of medical services of decent quality and at reasonable prices. An impressive number of highly qualified specialists are located in Tatarstan. The most popular areas are orthopedics, traumatology, oncology, gynecology, urology, cardiology, and ophthalmology.

Sochi
Sochi, Russia, closes the top-7 best medical tourism destinations. It was chosen by 4% of the respodents. Sochi is one of the largest year-round balneological resort in the world and in Russia, where the best sanatoriums and boarding houses of the Black Sea coast are located. Diseases of the musculoskeletal system, the cardiovascular and nervous systems, reproductive disorders, etc. are successfully treated in Sochi.

Berlin
According to Turstat, Berlin occupies the fifth place in this ranking. It is considered to be one of the most attractive cities for medical tourism. 8% of the respondents voted for it. Germany is a leader in global medical tourism, ranking the second place in Europe in terms of healthcare funding. Examination and treatment are carried out according to international protocols. Research centers operate on the basis of university clinics, and medical innovations are quickly used in treatment programs.

Seoul
Seoul, South Korea, is the sixth in the rating of the best countries for medical tourism. It is chosen by 4% of the respondents. There are more than 21 thousand of medical institutions, including multi-field hospitals of the highest category. Patients point out a high level of medical care in Seoul.

https://instaforex.livejournal.com/1998886.html

Fitch Ratings, an international credit rating agency, expects the global economy to slow down in the next two years.

Analysts note that global GDP will increase to 2.8 percent this year.

The favorable outlook for the global economy in 2019 reflects improved GDP forecasts for the United States, China, and the eurozone amid worsening economic expectations for Brazil, Mexico, Russia, South Korea, South Africa, Canada, and Australia.

Global economic growth in 2020 was revised down to 2.7 percent from a previously estimated 2.8 percents. It was caused by cuts of economic growth forecasts for China (to 6.0 percent from 6.1 percent), the US (to 1.8 percent from 1.9 percent), and Brazil (to 2.1 percent from 2.7 percent).

Experts at Fitch Ratings believe that the trade dispute between the US and China affects investment prospects and increases the risks for the global economy. The agency also downgraded the global economy’s growth outlook for the next year. If the US imposes 25-percent tariffs on the remaining $300 billion of imports from China, global GDP will reduce by 0.4 percent in 2020.

Fitch expects US GDP to rise by 2.4 percent this year and 1.8 percent next year. In 2021, the indicator may reach 1.7 percent. For the eurozone, growth forecasts are 1.2 percent, 1.3 percent, and 1.2 percent, respectively, for China - 6.2 percent, 6 percent, and 5.8 percent, for Japan - 0.8 percent, 0.5 percent, and 0.6 percent, and for the UK - 1.4 percent, 1.5 percent, and 1.8 percent.

Analysts of the agency assume that the economies of developed countries will go up by 1.8 percent in 2019 and by 1.5 percent in the next two years. For emerging markets (EM), economic growth is estimated at 4.5 percent for 2019, 4.8 percent for 2020, and 4.9 percent for 2021.

According to Fitch experts, deteriorating prospects for business investment have culminated in bearish forecasts for the global economy. Analysts say that more accommodative global monetary conditions may improve the situation. After raising interest rates four times in 2018, the Federal Reserve is expected to leave them on hold in 2019. Moreover, the European Central Bank is ready to restart asset purchases this year.

Last data signal an upcoming slowdown in business investment in the US. Moreover, manufacturing investment in China has reduced sharply. Fitch predicts that the benchmark interest rate in the US will set at 2.5 percent at the end of 2019, 2.75 percent at the end of 2020, and 3 percent at the end of 2021. The interest rate in the eurozone is forecasted to stay at 0 percent, and Japan’s interest rate is expected to remain at -0,1 percent. In the UK, the rate will be held at 0.75 percent at least until the end of this year, while an increase to 1 percent should be expected by the end of 2020 and to 1.25 percent by the end of 2021.

Read more: https://www.mt5.com/forex_humor/image/42031

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