In 2022 alone, more than 250,000 Germans emigrated abroad. 16% of the 3.5 million self-employed people in Germany are currently moving jobs abroad, 30% are considering to emigrate. The number of self-employed people in Germany has fallen by 18.6% during the last 10 years. The number of female...

Gold Market In September, Gold lost 3.7% mainly during the last three days of the month. Gold’s challenging month is traced to an extensive run up in bond yields alongside a stronger dollar. The sell off at the end of the month was also likely the result of a strong adverse reaction to US...

Bright shining Gold in China Jewellery retailers in China went into 2023 with strong expectations after shaking off the pandem-ic but the recovery has been difficult with facing economic uncertainties and record-level renminbi (RMB) gold price. Understanding current trends and future...

Cyprus has been included among the top 20 spots in an international list of countries considered to enjoy significant levels of economic freedom. More specifically, in the 18th position on the list, Cyprus falls in the ‘Mostly Free’ category of the 2023 Index of Economic Freedom. The Index...

How To Avoid Popular Gold Scams In 2023? In recent years, gold has been a popular investment. Many investors around the globe were drawn to “safe haven assets” such as precious metals due to the geopolitical issues and market instability. Gold, like any other investment, is vulnerable to scams...

In Q2 2023 the central bank buying was slower but still resolutely positive. Due to this, healthy investment and resilient jewellery demand created to a supportive environment for gold prices. Q2 gold demand (excluding OTC) dropped slightly by 2% y/y to 921t, driven by a marked...

India’s Gold Market: One of the biggest gold bar and coin markets in the world is India and its investment demand for gold is driven by its safe-haven appeal with the ability of converting these products into jewellery. The government’s focus on ‘bank the unbanked’ over the past decade has...

Gold Demand 2023 Quarter 1 Continued momentum in central bank buying and resurgent Chinese consumer demand con-trasted with a negative contribution from ETFs and weakness in India. Q1 gold demand (ex-cluding OTC) was 13% lower y/y at 1,081 tonnes (t). Inclusive of OTC, total gold demand...

The Government of Cyprus is focused on attracting for-eign investment to further economic growth, announcing amended regulations for the rights of non-EU nationals to live in Cyprus. Non-EU nationals who invest in Cyprus are granted per-manent residency rights (immigration permits) for as long...

Gold psychology and its attraction Gold is a predominant feature of festivals and celebrations in some cultures and the idea of gold as a colour is intimately connected with our idea of gold as a material. When we think of the colour gold, images of grandeur and extravagance are likely to...

Cyprus: an emerging startup ecosystem at crossroads between Europe, Africa and Asia Cyprus, the third-largest island in the Mediterranean Sea, is located at the eastern end of Europe, at the heart of the busy shipping and air routes that connect Europe, Africa, and the Middle East and Asia....

2022 was the best gold demand year since 2012 with enormous purchases of central bank assisted by strong buying of retail investors and slower ETF outflows which increased the annual demand to an eleven year high. Annual gold demand (excluding OTC) jumped 18% to 4,741t, almost on a par with...

Cyprus – for local and international business, and for headquartering Cyprus is the fastest growing tech hub in the European Union. Not only tech companies are enjoying the business and lifestyle benefits of Cyprus. Cyprus is a stronghold for many international companies that do business...

Gold and Investors in Australia in 2023. Last year and so far in 2023, Gold, in Australian dollars (AUD), delivered positive returns and attracted attention. While global central banks bought a record level of gold in 2022, Australia’s sovereign wealth fund also added gold to its portfolio....

The Best Dubai Free Zones The best free zones in Dubai combine quality and agile services with rigorous cost efficiency. Very few free zones in Dubai meet both criteria. Many free zones are cost efficient, but only a very few of them provide really fast and agile services without being...

Gold is unusual as a commodity in that it has very little true consumption; the vast bulk of what has been mined sits above ground in various forms with the potential to return to the market. Disinvestment is one such avenue, but this article covers the often-larger area of recycling (or scrap)....

EU Update on the List of Non-Cooperative Jurisdictions For Tax Purposes. The EU Council has revised the current list of non-cooperative jurisdictions for tax purposes, on 14th February 2023. The list which was established in 2017 now consists of 16 jurisdictions by adding Marshall Islands,...

Tourism revenue in Cyprus approaches pre-pandemic levels! Approximately, 20% of the Republic of Cyprus GDP is generated by tour-ism-related activities. Prior to COVID-19, Cyprus had 3 years of consistently breaking records with annual visitor arrivals of 4 million tourists. In 2020...

What Makes Gold a Persuasive Asset for Investment? Gold has been regarded as a precious metal for ages. People used to own gold for several purposes. These days, many people invest in gold for variety of advantages. The benefit is that you are not limited to having physical bars, coins, or...

The United Arab Emirates experiences an unprecedented interest by the global business community. At the same time, the UAE is working tirelessly to implement international compliance and business standards to avoid adverse treatment by authorities and banks of other countries. Consequently, the...