The term fiscal adjustment refers to all those policies implemented by a government to achieve a future stable economic orthodoxy, i.e. to improve the fiscal balance by drastically reducing the annual state budget deficits. The reduction of the state budget deficit must reach the level of 1.5% of GDP or 1.5% of GDP as a …
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The Digital Transformation of Shipping Companies
As all sectors of the economy rapidly adapt to the digital future to gain a comparative advantage over their competitors, so the Shipping industry has slowly but steadily begun to adopt digital solutions and cutting-edge technology. This is evident in the construction of new ships, cyber security and the use of block chain technology to …
Factoring and Economic Growth
Factoring is a financial tool used by companies primarily to improve their liquidity, as it provides direct financing based on the volume of sales made by a business. Factoring is a relatively low-risk form of financing for both banks and businesses providing these services. In the UK factoring has another name i.e. receivable finance, invoice …
The Role of Internal Control in the Post-Covid-19 Era
To a significant extent, businesses have taken the right steps to limit as much as possible the negative effects during the Covid-19 pandemic in order to be able to cope with a changing and fluid environment of intense uncertainty that was occurring in front of them. These steps include: Accelerate the digital transformation of the …
The Vision and Direction of Digital Transformation for Banks
The post Covid-19 era has created new data where banks try in various ways through mainly reducing customer service costs and by offering new more profitable products and services. The core of the most necessary digital transformation is the change of mentality in terms of the type of financial contact and the bank-client relationship. The …
Τhe Role of the CFO in the Digital World of Business
Continuous digital upgrading in enterprises to be able to follow any developments in a fluid and ever-changing business environment forces both the financial departments of a company and their CFO to follow and adapt their services to new developments. What the CFO needs to do to succeed in its duties To respond to today’s developments, …
Supply Chain: Achievable Use Cases in SCOR Framework Areas
In the era of the Covid-19 pandemic, businesses are faced with an increasing degree of difficulty in achieving a high level of service combined with an efficient cost and resource utilization base. One solution is the increasing degree of digitisation of business operations and supply chains. This business strategy is based on a range of …
The Gap Between How the Capital Markets Perceives Risk in Government Bonds Compared to the Verdict of The Credit Rating Houses
Markets always send the signal of risk or euphoria first, either by launching or shrinking bond spreads respectively and long before rating agencies start one by one and slowly downgrade the credit rating of the country which is under consideration. It is common for Big-Four Rating Companies – Fitch Ratings, Moody’s, Standard & Poor’s, DBRS …
Real Unemployment Risk for the Eurozone (EU) and the US
Real unemployment in both the Eurozone (EU) and the US is the main brake and embankment for expected growth in the US and Eurozone economies, respectively. The figures for official unemployment are a subset of the magnitudes of real unemployment and given that real unemployment is much higher than official unemployment. by Trust Economics-https://trusteconomics.eu ©The …
The Correct Way of Evaluating the Fund Managers of Social Security Funds
It is the Social Security Funds that pay the pensions and pay the health benefits offered by third parties to their insured persons. This is achieved because of the social security contributions paid by insured persons, employers and in some cases by the State respectively throughout the working life of insured persons. Social Security Contributions …