Παρασκευή, 5 Φεβρουαρίου 2016

Personal thoughts for the Future of the Cyprus Economy

*** The present article was originally posted on the July of 2015 ***

Caution : The Article is on the Greek Language

At the time that i was writing the following article, my fillings were miscellany( i was feeling
both injustice and anger).

Follows the Article

Θα ήθελα να αναφερθώ σε παλαιότερο δημοσίευμα της στήλης ΤV ΜΑΝΙΑ της εφημερίδας
" Ο Φιλελεύθερος" .

Το δημοσίευμα είχε τον τίτλο ” Στην άκρη του γκρεμού… “, για την συγκεκριμένη επιστολή που
είχε δημοσιευθή, πρίν απο δύο χρόνια, και ποιό συγκεκριμένα, κατά το δεύτερο τρίμηνο
του 2013.

Σε εκείνη την επιστολή είχε αναφερθεί το εξής : ” Όλοι εμπιστεύονται τους πολιτικούς, τους
τραπεζίτες, όλους αυτούς δηλαδή που μας έφεραν στο σημερινό μας κατάντημα. “.
Κάτι που ισχύ μέχρι και την παρούσα χρονική περίοδο.

Εκείνη την χρονική στιγμή, το κύριο θέμα στις ειδήσεις και στην επικαιρότητα, ήταν το
κούρεμα των καταθέσεων, δύο τραπεζών, της τράπεζας Κύπρου και της Marfin Λαϊκής και μπορώ να πώ πώς ακόμα είναι ένα απο τα κύρια θέματα στην σκέψη των περισσότερων Κυπρίων, ειδικά της μερίδας της Κυπριακής κοινωνίας που έχει επηρεαστή είτε έμεσα, είτε άμεσα απο το το κούρεμα των καταθέσεων, της τράπεζας Κύπρου και της Marfin Λαϊκής.

Η μερίδα της Κυπριακής κοινωνίας, που η καταθέσεις τους έχουν υποστεί κούρεμα,
προσπαθούν με κάθε τρόπο να ανακτήσουν τα κουρεμένα χρήματα τους, και πιστεύω πως
βγάζουν τον θυμώ τους και ρίχνουν το φτέξιμο σε τρίτα άτομα, που δεν φταίνε σε τίποτα, αντί
στους πολιτικούς, που είναι αυτοί που έχουν μεγάλο φτέξιμο και ενώ το γνώριζαν πως θα
γινόταν κούρεμα καταθέσεων, επέλεξαν να χρησιμοποιήσουν επιλεκτικά και ψηφοθηρικά,
αυτή την γνώση.

Ακόμα, οι πολιτικοί της Κύπρου, επέλεξαν να βάλουν δόλωμα στην Κυπρική κοινωνία, ούτος ώστε να ασχολείτε με κάτι άλλο και όχι με το πραγματικά ζητούμενο, δηλαδή την Κυπριακή οινονομία και ως λογική συνέχεια, να τους πάρει με τις πέτρες για τις πολιτικές τους αποφάσεις.

Ποιο κάτω παραθέτω τις σκέψεις μου για την Κυπριακή οικονομία :

1) Η μεγάλη μερίδα της κυπριακής κοινωνίας, εμπιστεύεται τους πολιτικούς και τα πολιτικά
κόμματα.

Εμπιστεύεται τους τραπεζίτες και αυτοί με την σειρά τους εκμεταλεύονται τον πόνο του Κυπριακού λαού,πρός όφελος τους.

2) Η κυπριακή οικονομία πάει απο το κακό στο χειρότερο, μέρα με την μέρα.

Η ανεργία, ειδικά στους νέους είναι σε μεγάλα επίπεδα και θα υπάρξει μεγαλύτερο πρόβλημα
με την λήξη της καλοκαιρινής περιόδου.

Η οικονομία και γενικά το όλο σύστημα καταρέουν.

Και μεγάλη ευθύνη για αυτό έχει η απληστία μίας μεγάλης μερίδας της κυπριακής κοινωνίας,
και ειδικά του πολιτικού συστήματος και των πλουσίων της χώρας.

Πιστεύω πως το παρόν σύστημα είναι τόσο σάπιο, που η σαπίλα του, μας έχει αγγίξη όλους
μας, έμεσα ή άμεσα.

Κατα την δική μου γνώμη, ειδικά για την εργατική τάξη, μισθοί δεν υπάρχουν.

Προσωπικά πιστεύω πως αν συνεχιστή η παρούσα κατάσταση ως έχει, τον πλούτο της
χώρας θα τον έχουν στα χέρια τους μία χούφτα πλούσιων οικογενειών και ο υπόλοιπος
πληθυσμός θα πεινά, και θα εξαναγκάζεται να δουλεύει 12 εώς και 16 ώρες της ημέρας για
ένα πιάτο φαγητού(480 ευρώ ελάχιστου εγγυημένου εισοδήματος).

Ζητούν απο τους νέους, να πάρουν στην πλάτη τους την οικονομία και να την χτύσουν απο
την αρχή, αλλά μέσω του ελάχιστου εγγυημένου εισοδήματος, και της οικονομικής ύφεσης,
τους κόβουν τα φτερά και τα όνειρα που έχουν για μία καλύτερη ζωή.

‘Ολοι περιμένουν την ανακούφηση της οικονομίας απο τα κοιτάσματα πετελαίου και φυσικού
αερίου, που βρίσκονται εντός της Κυπριακής Α.Ο.Ζ..

Εγώ πιστεύω πως είναι λανθασμένη αυτή η προσέγγιση.

Απλές εισηγήσεις, με τις οποίες πιστεύω πως θα έρθει η ορθοπόδιση της Κυπριακής
οικονομίας είναι μέσω:
α) Των ανανεώσιμων πηγών ενέργειας.
β) Της πλήρης εκμετάλευσης των ευρωπαϊκών κονδυλίων που προορίζονται για την Κύπρο.
γ) Της δημιουργίας casino-resort(τουλάχιστων ενός σε κάθε επαρχία της ελευθερης
Κύπρου).
δ) Μείωσης της φορολογίας, για προσέγγιση επενδήσεων απο το εξωτερικό.
ε) Μείωσης της τιμής των ταξιδιωτικών πακέτων που προσφέρονται προς τους τουρίστες,
ποιοτικότερη εξυπηρέτηση πρός τους τουρίστες, μείωση τιμών διαμονής σε ξενοδοχεία.
η) Μείωση τιμών αγαθών και υπηρεσιών, ειδικά σε τουριστικές ζώνες.
θ) Εξεύρεσης εργασίας άνεργων νέων πτυχιούχων, σε ευκαιρίες εργοδότησης, εντός αλλά
και εκτός της Ευρωπαϊκής Ένωσης, που εμπίπτουν στην ειδικότητα τους( π.χ. μέσω του
Ευρωπαϊκού δικτύου EURES), για αποσυμφόριση της Κυπριακής αγοράς εργασίας.
ξ) Εξαγωγή όσο το δυνατό περισσότερων Κυπριακών προϊόντων.

Ακόμα προσωπική μου γνώμη είναι πώς τα μεγαλύτερα κοιτάσματα πετελαίου και φυσικού
αερίου, βρίσκονται στην περιοχή της Κυπριακής Α.Ο.Ζ. που διεκδηκείτε απο την Τουρκία.

3) Ακόμα πιστεύω πως στην Κύπρο δεν δίνεται η δυνατότητα στον απλό λαό, και ειδικά
στους νέους, να εκφράσουν ελέυθερα τις άποψεις τους,
για την επικαιρότητα του τόπου, αλλά και για την πολιτική εξουσία του τόπου.

Όσοι εκφράσουν ελέυθερα τις άποψεις τους, για την επικαιρότητα του τόπου, αλλά και για
την πολιτική εξουσία του τόπου, γίνονται στόχος του πολιτικού και οικονομικού συστήματος.

Γενικά, αυτό που βλέπω είναι μία προσπάθεια χαλιναγώγησης, του γραπτού και προφορικού
λόγου, αλλά και των Μ.Μ.Ε..

Προσωπική μου γνώμη, είναι ότι δέν επικρατή δημοκρατία στην Κύπρο, αλλά δικτατορία.

4) Στην Κύπρο, όσοι έχουν χρήματα καί/ή επιρροή ευνοούνται απο το σύστημα, ενώ οι
υπόλοιποι όχι.

Επειδή υπάρχει αυτή η ανισότητα, και ενόσω συνεχιστή η οικονομική ύφεση, και διογκωθή η
ανεργεία, στο τέλος της ημέρας, οι μόνοι που θα μείνουν στην Κύπρο και δεν θα
αναγκαστουν να μεταναστεύσουν για ένα καλύτερο αύριο, ως οικονομικοί μετανάστες, θα
είναι οι πλουσιοί, οι πολιτικοί, οι ευνοούμενοι του πολιτικού και οικονομικού συστήματος
και οι τραπεζίτες.

6) Προσωπικά πιστεύω πως ο κάθε νέος και η κάθε νέα της Κύπρου, έχουν δικαίωμα στην
εργασία και σε ένα καλύτερο αύριο, χωρίς να πρέπει να ανέχονται την ιδιορυθμία του καθε
ενός.

Εγώ, μιλώντας για τον ευτό μου, λέω πως εάν αυτό το καλύτερο αύριο το προσφερει μία
οποιαδήποτε χώρα του εξωτερικού, τότε εγώ θα αδράξω την ευκαιρία, έστω και αν αυτό σημαίνη πως δεν θα ξαναδώ την Κύπρο ποτέ ξανά.

Όπως λέει και μια παροιμία, υπάρχουν πολλές πορτοκαλιές που κάνουν πορτοκάλια.

Ας το βάλουν καλά στο κεφάλι τους αυτό, οι πολιτικοί, τα οικονομικά συμφέροντα του τόπου
και γενικά η Κυπριακή κοινωνία.

Προσωπικά την αδικία, την ψευτιά, την υποκρησία και την ψυχολογική πίεση, δεν μπορώ να
τα ανεκτό πιά.

Αγαπητοί αναγνώστες και αναγνώστριες, σας ευχαριστώ εκ των προτέρων για τον χρόνο που αφιερώσαται στο παρόν κείμενο.

Reasons for investing in the Gold Market

*** The article was originally posted on the January of 2016 ***

I was holding in my pocket a small amount of euro currency bank notes.
I had make the following question to myself.

Should i hold them in my pocket or should i invest an amount of them in valuable
minerals(ex. gold bullion, silver bullion) ?

I believe that the answer came in a short time interval.

At first i had tried to get information for the financial equivalent of the euro with the rest of
the global currencies.

From the www.xe.com website( http://www.xe.com/currency/eur-euro ), i have noticed
similar information to the following page(rates) table:




As you may notice, the euro currency is almost equivalent to the dollar currency.

Also the euro currency in comparison with the GBP(UK pound), is undervalued.

In my opinion, the euro currency is undervalued in comparison with the prices of the global
major currencies five years ago.

That reason i believe, is enough for me to invest on the gold.

Although i am not an economist, i believe that the euro currency is undervalued, because of
the global financial crisis.

I believe the euro had lost it strength over the rest of the major global currencies because:
a) i believe that a lot of the European Union countries had sold part or in whole their
reserves in gold, in order to reinforce their local market and their local labor market.
b) because not all of the countries members the European Union had adopted the euro
currency.
c) because countries that are members of the European Union and the European Economic
Union, like the United Kingdom(GBP) and the Norway(NOK) have stronger currency than
the euro currency.
d) the United States of America dollar, had been strengthen it position in the Global markets,
since the Global financial crisis began by the collapse of the Lehman Brothers Bank, back in
the 2008.

At the mid 2010, the Euro to Dollar parity was one(1) Euro to 2.5 Dollars.

Today's parity is one(1) Euro to 1.09 Dollars. Almost a one to one ratio.

It reminds me the Argentinian Peso to U.S. Dollar 1 to 1 parity, the time primary of the Argentine financial crisis of the 2000. 


e) The recent terrorist attacks to major European Union countries and the upcoming deploy
of the western countries forces to Syria.

With the above information in mind, i had chosen to invest few euros in gold, because i
believe that the Euro currency will be farther undervalued in comparison with the rest of the
Global market major currencies, in the first two months of the 2016.

I had search for European Gold bullion sell markets.

Two of the European Union mints, had online shops and they were willing to ship their
products to Cyprus.

These mints are the:
a) Austria Mint( https://www.muenzeoesterreich.at/eng/ ), that accepts payments in the
Euro currency.

b) Czech Mint( https://ceskamincovna.cz/en/ ), that accepts payments in the Euro, the Dollar
and the Czech Koruna.

According to my budget, i had chosen a very small amount of gold bullion and i had proceed
to the purchase of the gold bullion.

In sum, i believe is a good choice, for someone, to invest in gold.

Suggestions for the improvement of the Cyprus tourism industry during the financial crisis period

*** The article was originally posted on the January of 2015 ***

In the present article, i will express my personal thoughts and opinions by expressing various
ways that the tourism industry of Cyprus, can be improved, in order to attract more tourists
and travelers.

Personal Opinion # 1:

A good idea, is the creation of casino-resorts, that can attract, specially in the summer
months, professional and hobbyist gamblers, from around the Europe and also around the
world.

Casino-resorts, are able to attract rich people, that enjoy the luxury that offers a resort, with
the entertainment,
that offers a casino.

In casino-resorts, can be introduced various tournaments, such as poker tournaments, and
offer great prices to the winners of the tournaments.

At least each district(Larnaca, Nicosia, Paphos, Limassol) of the island, must
 have a casino resort, specially the towns that are coastal, and they are depended on the
tourism industry for their growth, in contradiction with the mainland town of Nicosia, that is
not depended, in such degree in the tourism industry, as much as the coastal towns because:
a) In Nicosia town are located the H.Q. of major public sector offices and services, as well as
the government ministries main H.Q.’s.
b) In Nicosia are located the offices of companies such as wargaming, PWC, KPMG and many
more.
c) In Nicosia are located the H.Q.’s of the semi-government companies.
d) Also Nicosia is a cultural and nightlife with a lot of archaeological monuments, that
attract a lot of travellers each year.

The towns of Paphos, Limassol, Larnaca and the part of the Famagusta district, such as
Protaras and Ayia Napa, is a good idea, to have at least a casino resort, in combination with a
marina.

Also, another good idea is that the coastal towns casino-resorts, be interconnected through
the sea, with a common ferry line and also through a common shuttle land line.
Also in Nicosia town, it will be wise, to casino-resort and also i believe is a good idea, for the
Cyprus country site(Troodos), to have a casino in combination with hotel, mountain sports
and shuttle facilities.

In a view, both mainland and coastal casino-resorts should be interconnected with a
common shuttle or/and luxury transportation lines.
The main idea, is that, is good for a Mediterranean island such as Cyprus, to have it own “Las
Vegas”, because competitive tourism destinations such as the Turkey, the Malta and the Greece, have already established casino-resorts.

Personal Opinion # 2:

Another good idea, is the advantage of the funds provided by the European Union.

The business society that constitutes the tourism industry of the island, in collaboration with
the Cyprus Tourism Organisation, the Cyprus government and the European Office of
Cyprus(offers information on policies and funding opportunities that the European Union
offers to citizens of the member states), can request information for the appropriate
mechanisms in order to request funding from the European Union, in order to provide a
more competitive and attractive holidays packages.

Personal Opinion # 3:

Another good idea, is the reductase of the total cost of the:
a) holidays packages provided for the travelers from the European Union countries.
b) holidays packages provided for the travelers from Non European Union countries,
c) holidays packages provided for the domestic residence of the republic of Cyprus

I believe that all travelers, either with a big holiday budget or small holiday budget, they are
looking for the best value to price accommodation, transportation and consumer products
prices.

Is a good idea, for instance, for the consumer products prices to be reduced in both the
tourist and urban areas of the island.

Personal Opinion # 4:

Another good idea, is the collaboration of the Cyprus government and the business society
that constitutes the tourism industry of the island, in order to be consulted by European
Union and Republic of Cyprus Tourism industry professionals.

In my personal opinion, it should be given priority to professionals with working experience,
in the re-evaluation, planning, implementation and upgrade, of decadent and not operational
efficient, holiday destinations.

Identically, for the European Union funds, related to the education, i believe is a good choice,
to get help from professional from the United Kingdom(Scotland, England).

Also another of my personal opinions, is that, for many aspects of the Cyprus economy, that
need either , Cyprus government is wise to ask help from professionals from the United
Kingdom and also from local(Cypriot) Professionals.

I believe is a bad choice, to ask the help from professionals from the Republic of Ireland, for
any aspect of the Cyprus economy, because in my opinion in different aspects, the Republic
of Ireland requested financial assistance from the European and International communities
and for different aspects the Republic of Cyprus requested financial assistance from the
European and International communities.

Personal Opinion # 5:

I have notice, a big mistake(in my opinion), made by the business society that constitutes the
tourism industry of the island.

In the first quarter of the present year(2015), i have noticed that were in the process of
development, several modern hotel units(for example in Famagusta district, at Ayia Napa).

This is a wrong choice in my opinion, because:
a) The tourism industry in Cyprus, receive financial sponsorship from the Cyprus
government, in order to attract more tourist in Cyprus. So, a self question, might be: What
will happen, if the Cyprus government stops the particular financial support to the Cyprus
tourism industry ? Will it collapse ?
b) The tourism industry of the northern Cyprus is more competitive than the tourism
industry located in the southern Cyprus.

It is wrong choice, because, if the occupied part of Famagusta district, and in essence the
town of Famagusta, re-united with the republic of Cyprus, then it will be re-structured from
the initial point and it will be a very competitive destination, and the existing Cyprus tourism
industry will have loss.

So i believe, it may be wiser for an investor in the tourism industry to be more patient and
invest on time, in the northern part of the island, because it is not as much developed as the
southern part of the island(republic of Cyprus).
This particular fact, you can notice in on google maps(satellite view).

Personal Opinion # 6:

Give space to the low budget travelers and the backpacking travelers from the European
and international destinations.

Since the continuous growth of the Cyprus tourism industry, from the late 90′s and onward,
the Cyprus, as a tourism destination grows more and more expensive.

I believe it should be given a space to low budget tourism, such as backpackers( high school,
college and university students from abroad), so the Cyprus tourism industry, can be placed
on the map of the low budget tourism, and grow even more.

Πέμπτη, 4 Φεβρουαρίου 2016

The Cyprus Dream

*** The present article was originally posted on the January of the 2016 ***

In the present article i will express my thoughts and opinions for the Cyprus dream.
By referring to the Cyprus dream, i am referring to the way of living, of the Cypriot people,
mainly, from the late 90′s to the early 2013, the year that take place the financial haircut on
the Cyprus, with consequence the collapse of the Marfin Laiki Bank and bringing financial difficulties to the Bank of Cyprus and the Cooperative Central Bank of Cyprus.

The collapse of Marfin Laiki Bank, i believe that it gave the opportunity to the Bank of
Cyprus, the Cooperative Central Bank of Cyprus and the foreign banks that are
established(on will be established) in the island, to expand their operational and financial
network.

I believe there are a lot of factors that had bring the Cyprus Economy on it knees, in the early
2013, the time that

had been taken place financial haircut on the Cyprus.

One of them is the Cyprus dream.

All the Cypriots at that time were seeking the big life.

The Cyprus Dream rules were:
1) Each person must have a luxury car.
2) Each persona must have a comfortable house or apartment.
3) Each person must hold valuable goods(ex. gold, silver, expensive jewelry).
4) Each person must hold expensive consumer goods(ex. expensive mobile phones,
expensive TV’s).
5) Each person must have luxury vacations/holidays , in expensive hotels or tourist resorts.

But all this come with a price.

This price was called Loans.

The majority of the Cypriots were taking either:
a) floating loans.
b) loans in foreign currency(Republic of Cyprus currency is the euro and until the mid 2000′s
it was the Cyprus pound).

I believe the case is the following:

In the floating loans, i believe that the loan usance will change(ex. the year X will be 10%, the
year XI will be 15%).

Although the floating loans are paid in a long term basis, the person that had taken a floating
loan must have, a stable long term job or a long term income, or either, he/she will risk to
lose the loan investment plus the pledge of the loan.

Although i am not in the place to specify the exact number of the people that had taken loans
in foreign currency from the Cyprus banking institutions, i believe that the risk of taking a
loan in foreign currency, is the parity of the currency of the loan that had been taken
compared with it parity of the major currencies around the globe(ex. euro, dollar, UK pound
sterling).

If the currency of the loan is enhanced compared with the major currencies around the
globe, then the loan it may be ” repaid by it own ” , that means the loan it will be ” making
profit ” to the loaned person.

Other wise, i believe, that the total loan value will be grow, with the person that had taken a
loan in foreign currency, will risk to lose the loan investment plus the pledge of the loan.
In sum, i believe that if a person is not an experienced stockbroker, then must not take a
loan, in foreign currency.

Interstitial of the Cyprus financial haircut, in the early 2013, the financially haircut people,
had seen their bank deposits getting freeze by the Cyprus government, and the loans that
have been taken, by them to stay as it is.

With the collapse of the Cyprus Labor market, to see their financial condition getting worse
everyday, their loans total value getting higher and in some instances loose their jobs and
not be able to respond to their financial liability to the Cyprus banks.

In sum there a lot of people that have financial difficulties, because of the Cyprus dream,
which by it side had promote

The over loan , something that also happened to the Ireland, to the Iceland and the United
States of America, with a lot of negative impact.