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Published May 16, 2012 | 
Mobile Roaming costs
EU mobile roaming costs are to fall substantially – hopefully the last regulation in this field.
From 1 July on, the tariffs for mobile roaming costs within the European Union will substantially decrease in the next two years. Liberals and Democrats in the European Parliament are generally satisfied with this and other results of todays plenary vote on the future of roaming for both the wholesale and the retail sector. The vote sealed the trilogue agreement settled between Commission, Council and Parliament in late March.
Probably the most significant step forward for consumers in this Roaming 3 regulation is the low cap on the roaming costs for data – from no caps on the costs per Megabyte so far to 0.70 EUR on 1 July this year and 0.20 EUR in 2014.
Adina VALEAN (Romania, PNL), who is the ALDE rapporteur on Roaming 3 and who was the EP rapporteur on Roaming 2, said after the final negotiation: “I welcome the agreement as we will continue to drag themobile roaming costs down. By introducing the structural measures allowing for decoupling the roaming services from the domestic services, competition in roaming prices should increase. This will hopefully provide customers with better services at a lower price, but without price intervention and in a market-based approach.”
Jens ROHDE (Denmark, Venstre) who is the ALDE coordinator at the Committee on Industry, Research and Energy, added: “Of course as liberals we can always ask ourselves why we continue to regulate prices. But we need to keep the history in mind. The first roaming regulation was a result of a strong suspicion of price cartels but with insufficient proof we had to approach it the other way around. This lack of competition and excessive prices continues to be a problem. Therefore, the regulation will introduce both lower maximum tariffs and structural measures to increase competition. In general, we hope the new competition elements will make further price regulation obsolete in the future.”
mobile roaming costs
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calls, charges, cyprus, european union, mobile, phones, roamingPublished April 30, 2012 | Euro sterling rate
Euro sterling rate
Cyprus Euro V Sterling pound currency
The Pound has remained resilient following the surprise announcement last week that the UK economy slumped into a technical recession during the first quarter. That’s either a sign of the increased demand for the Pound as a safe haven from the crisis in the Euro-zone or it’s indicative of just how weak the Euro and the U.S Dollar are at the moment.
The UK currency has traded up to a fresh 20-month high versus the Euro
A report this morning showed that UK house prices rose in April for a second consecutive month, with values up a modest 0.1% from the previous month. The report added to the overall optimism that the UK economy will bounce back from the slump and that the figures on GDP will be revised higher anyway over the coming weeks.
However, the Bank of England May announcement in 10-days will be watched closely, as policy makers will deliberate over whether to increase stimulus measures in light of the recent contraction in growth. Sterling sellers might be well placed to take advantage of the Euro sterling rate to protect against the Pound losing a bit of appeal over the days, or at least consider the benefits of a stop order to protect against a reversal.
If you need any further assistance about your Euro sterling rate currency or how to lock in the current hig rates please contact us for further details and please note there are no charges for sending money for our clients.
The Pound has given the Euro a battering over the past week following news that further UK central bank stimulus now seems unlikely. The Bank of England’s Monetary Policy Committee voted 8-1 in favour of maintaining its current asset purchasing target of 325 billion pounds which gave Sterling the push it needed to grow against the Euro to a fresh 19-month high of 1.2251.
UK Consumer Price Inflation grew from 3.4% to 3.5% in March which boosted the Pound but put pressure on the BoE’s target of bringing inflation down to 2.0% by the end of 2012. The unexpected rise in Consumer Price Index appeared to be a major factor in the MPC’s decision to halt QE. Sterling’s dogmatic performance last week was given further support as the Office for National Statistics announced a drop in the UK Unemployment Rate from 8.4% to 8.3%, and UK Retail Sales in March grew by an impressive 3.3% compared to an expected increase of only 1.3%.
The Euro continued to be held back by its peripheral nation states, with Spanish 10-year bond yields rising above 6.0% which raised concerns as to the ability of the newly-built firewall to contain the sovereign debt crisis. The 17-nation bloc was dealt another blow this morning as Eurozone debt reached the worst level ever at 87.2%, Greece’s debt to GDP rate was by far the weakest at a staggering 165.3%, with Italy following up with the Eurozone’s 2nd most profligate budget deficit of 120.1%.
Over the coming week Eurozone PMI’s in Manufacturing and Services are expected to drop, Italian Consumer Confidence is predicted to weaken and the German Consumer Inflation Index is forecast to fall; all of which will negatively impact the Euro sterling rate should the UK’s Gross Domestic Product show that the economy returned to growth in the first 3 months of 2012. If the ONS report reflects positively on UK GDP then it is possible that we could see Euro sterling rate push towards a 41-month high around the 1.2400 mark in the near future. However, if the report shows stagnation or worse for the UK economy, then expect the Pound to Euro exchange rate to fall back down to around 1.2000 where technical resistance levels are strong.
Euro sterling rate
a wordpress plugin tags and blogs leads to money!Published April 19, 2012 | 2 bedroom Penthouse Limassol Cyprus
2 bedroom Penthouse Limassol Cyprus
This new development consists of 12 apartments including 2 bedroom Penthouse Limassol Cyprus duplex apartments, 3 bedroom apartments and two 3 bedroom penthouses, both with a roof garden and swimming pool. This 2 bedroom Penthouse Limassol cyprus has under floor heating and air-conditioning. It is an exceptionally unique project surrounded by the sparkling cityscape of downtown Limassol.
The privileged residents of the development, will have the pleasure of a state-of-the-art fitness area, sauna and of being only a few minutes walk from the most impressive beach of Limassol, awarded from Europe with the “Blue Flag”. Around the area of the project, they could also enjoy the galleries, shops and the municipal gardens.
Limassol or Lemesos is the second-largest city in Cyprus. It is the largest city in geographical size, and the biggest municipality on the island. The city is located on Akrotiri Bay, on the island’s southern coast and it is the capital of Limassol Cyprus.
Limassol is the biggest Cypriot port in the Mediterranean transit trade. It has also become one of the most important tourism, trade and service-providing centres in the area.
Limassol is renowned for its long cultural tradition, and is home to the Cyprus University of Technology. A wide spectrum of activities and a number of museums and archaeological sites are available to the interested visitor. Consequently, Limassol attracts a wide range of tourists mostly during an extended summer season to be accommodated in a wide range of hotels and apartments. A large marina is currently being constructed near the old town.
Limassol Cyprus was built between two ancient cities, Amathus and Kourion, so during Byzantine rule it was known as Neapolis (new town). Limassol’s tourist strip now runs east along the coast as far as Amathus. To the west of the city is the Akrotiri Sovereign Base Area, part of the British Overseas Territory of Akrotiri and Dhekelia.
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