MarketLine Blog

Posts tagged to PESTLE Report

Turkey: An uncertain investment opportunity

MarketLine

There is an old Chinese curse that says: ‘may you live in interesting times.’ Some would argue that the whole world is experiencing such times as a result of the financial crisis and political upheaval across the Middle East in particular. Yet no country is in the midst of a political and financial watershed like Turkey. Once known as the sick-man of Europe, Turkey has experienced a decade of unprecedented economic growth that has paved the road for greater ambitions. It currently boasts a youthful population with a well trained… Read more

Ukraine: Anti-government protests intensify

MarketLine

Anti-government protests in Ukraine are intensifying as a tense standoff develops between protesters and riot police. Dissenters have been gathering in Kiev’s Independence Square since the Ukrainian government failed to sign a proposed free trade deal aimed at promoting greater integration with Western Europe in late November. Rumoured interference from Russia has caused many to question the country’s future direction and recent events in the capital’s main square suggest that many are not satisfied with what they see as the continued close links between President Viktor Yanukovych and Russian Premier… Read more

US government shutdown could cost as much as $300m a day

MarketLine

At midnight on the night of September 30th/October 1st, the US government entered a partial shutdown following a disagreement between rival parties over how it should be funded over the next year. Early estimates indicate the shutdown could cost as much as $300m a day. The first shutdown in 17 years came as the Republican-led House of Representatives insisted on delaying President Barack Obama’s healthcare reform, known colloquially as Obamacare, as a condition for passing the budgetary bill. It means that several government departments have had to shut down completely,… Read more

Merkel celebrates election win, seeks grand coalition

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Bundeskanzlerin Angela Merkel and her Christlich Demokratische Union Deutschlands party (CDU) are celebrating an astounding election win that saw them narrowly miss out on securing an absolute majority. Angela Merkel herself described the result, which saw the CDU and its sister party the CSU (Christlich-Soziale Union in Bayern) increase their combined share of the vote by 8%, as “superb”. It was a more chastening result for the Freie Demokratische Partei (FDP) and Chairman Philipp Rösler has resigned following an outcome which means that the junior coalition partner will be without… Read more

Spain: Behind the glitz and glamor lies a sad tale of economic woe

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If you spent this past weekend glued to the TV, you would be forgiven for thinking that Spain is a country with no worries and awash with cash. As Spanish trio Jorge Lorenzo, Marc Marquez, and Dani Pedrosa were racing round Silverstone on motorbikes that cost around €5m ($6.4m), Real Madrid were proudly announcing the €100m ($128.5m) purchase of the world’s most expensive footballer, Gareth Bale, taking their summer spending to an estimated €163.5m ($210.1m). However, behind the glitz and glamor of elite level sport lies a sad tale of… Read more

Bundestagswahl 2013: Angela Merkel looks set to retain position as Chancellor

MarketLine

On the 22nd September 2013, Europe’s largest economic power, Germany, goes to the polls to determine the 598 members of the Bundestag, the main federal legislative house of Germany. If early indications are anything to go by, current Bundeskanzlerin (Chancellor) Angela Merkel will remain in place as head of government. Polls from five leading survey companies (Allensbach, Emnid, FG Wahlen, Forsa, and Infratest) place the Christlich Demokratische Union Deutschlands’ (CDU) share of the vote at between 39% and 42%, as compared to 22%-25% for Peer Steinbrück’s Sozialdemokratische Partei Deutschlands (SPD)…. Read more

Egyptian economy suffers after prolonged political uncertainty and instability

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Hosni Mubarak being thrown out of power by a people hell bent on determining its own political future might have had a positive emancipative effect, but, wholly in terms of Egypt’s economy, the event was most definitely a negative one. First, the original revolution in 2011 took immediate negative effect on the Egyptian economy. GDP slumped as events in Tahrir Square and the fight for control of the country obviously diverted attention and effort from economic production: output fell nearly 4% in the first quarter of 2011, and it took… Read more

Mohammed Morsi and the Muslim Brotherhood removed from power in Egypt

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Egypt has once again been in uproar as Tahrir square became the epicentre for a new wave of protests a year on from the last regime change. After days of speculation and promises from military leaders, there has been a momentous night of change in Egypt. The generals and military leaders have been true to their word and acted comprehensively in ousting both the president and loosening the grip of the Muslim Brotherhood on state institutions and organizations. Mohammed Morsi (the Egyptian President) and Mohammed Badie (the supreme leader of… Read more

Croatia becomes 28th member of the European Union

MarketLine

Croatia today became the 28th member of the European Union (EU) less than 20 years after the end of its bloody war for independence. The country’s accession to the union was celebrated in the country’s capital, Zagreb, where thousands flocked to the city’s central square to party with music and fireworks.  “Welcome to the European Union!”  European Commission President Jose Manuel Barroso exclaimed, rather impressively, in Croatian and President Ivo Josipovic described it as “a great and joyful day for our homeland”. Croatia is the first new EU member since… Read more