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Showing posts with the label Economy

Beginner's Guide to Study in Czech Republic

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The Czech Republic is one of the beautiful countries in Europe known for it’s castles and medieval architecture. With more than 10 million inhabitants living in various parts of this country, the Czech Republic ranks as the sixth safest country in the world. The country’s official language is Czech and it’s capital Prague is the largest city in the country. The Czech Republic is a part of the European Union and the European Economic Area and it’s official currency is the Czech koruna. Czech Republic has the lowest unemployment rate in the European Union. Very few may know that the Czech Republic offers free education to International students. Courses taught in Czech are taught completely free of cost whereas a minimal tuition fees of around 2000 euros per semester is charged for courses taught in English.  Czech Republic is going to make traveling by train free for students below 26 years of age  and the student ID card entitles you for discounts upto 50% on various fac...

Top 10 Least Corrupted Countries in the World

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Corruption has a diminishing affect over a country’s economy and growth. The corruption rate of a country exhibits it’s many traits like social security, crime rates, living standards, etc. While corruption rates are high in some countries, there are others where the law has a strong grip over the lawbreakers and the money seekers. Almost everyone is familiar with the economic crisis in Greece where corruption amongst the politicians played an effective role in the country’s economic downfall. Here is a list of the top 10 countries with the least corruption rates. 10. Luxembourg Luxembourg has a unitary parliamentary system with a constitutional monarchy. The country’s  government is highly concerned about the implementation of anti-corruption laws. The administration within judiciary is also very transparent in this country. Luxembourg also has the lowest corruption rate in the European Union. Luxembourg is also known to have  the highest average salary in the world...

With the Euro on the rise, there has never been a better time to migrate to Europe!

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Foreign currencies have always been volatile. The US Dollar has almost doubled in the past 10 years, whereas the UK Pound has been falling since the exit of the UK from the European Union. The Euro, on the other hand, has remained mostly stable over the past decade . But in the past few years, the currency charts indicate a constant rise in the Euro. The Euro has increased almost 10% in just the past few months. The increasing currency rate has made Europe even more promising for people who are looking to build a professional career abroad. Moreover, lower living costs and higher salaries make Europe the best option for students and graduates who want to settle abroad. Also, the vast scope to travel and the rich culture and heritage of various European countries make Europe the best bet for International students to pursue higher studies in Europe. That’s why more than 1.5 million students came to Europe in 2016 for higher studies. And this number is increasing year on year. Many m...

Top 10 Countries with Highest Salaries

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The OECD (Organization for Economic Co-operation and Development) carries out a comprehensive data based research on average annual wages for full-time and full-year equivalent employees in the total economy. The outcome of this research gives us a rough approximation of the average salaries of people in different countries around the world. For the past few years, it has been revealed that most of the countries with higher average salaries are in Europe. For decades, EU Countries like Switzerland, Norway, Luxembourg, Denmark, etc. have always dominated this list due to the higher pay received by the employees in these countries. 10. BELGIUM One of the smallest European countries, Belgium is referred to as one of the best countries for expats to live and work in. Due to the high average salaries, a lot of students tend to pursue Masters from the Belgian universities. Although taxes in Belgium are one of the highest in Europe, the higher salaries and the work culture makes u...

Germany announces free public transport

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To curb the ever increasing pollution in the world, the pollution norms are getting stricter day by day. Countries who are a part of the European Union have to pay hefty fines to control pollution generated by them every day. To prevent them from paying hefty fines, various countries are coming up with plans to curb the pollution levels. Many countries around the world have pledged to ban vehicles running on fossil fuels by 2030 and are investing in electric and hybrid technology to curb pollution.  Germany is one of the top polluting countries in the European Union due to the presence of large industries. Also, a better living standard in Germany means that most people use their own vehicles for commuting rather than utilizing the public transport. Germany has one of the best and the most flexible public transport in the whole world but still a lot of vehicles can be seen on the road. To prevent themselves from paying hefty fines, Germany is making public transport compl...

Cryptocurrency – Bitcoin drops massively below $10,000 in minutes

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Cryptocurrency is the new hype in the town. People are investing madly in cryptocurrency since the success of Bitcoin in the past few years so much so that the Bitcoin now has a market value of about $180 million. With cryptocurrency comes the massive risk of volatility as evident by the steep rise and fall in the price of Bitcoin in the past few months. While the Bitcoin witnessed a low of $8,757 this week on 26 November, it bounced back to an all time high of $11,000 yesterday. But in just a few minutes after reaching an all time high of $11,000 it dropped steeply to a low of $9,290 in just a few minutes. According to social media, the price decline coincides with reports that GDAX, the exchange offering of cryptocurrency startup Coinbase, had seen a service outage that is currently ongoing. Data from GDAX indicates the exchange hit a low of $8,593 before going offline. Social media reports also suggest that Bitstamp and Gemini hav...