The company Cinkiciarz.pl has won a dispute with MasterCard in which MasterCard filed an opposition against the registration of the word-graphic trademark containing the word CONOTOXIA and two interlocking circles with the Euro and Dollar symbols in each of them.
The financial platform expands its list of cards that facilitate payment for domestic and international money transfers.
Shopping in Turkey for half price
"The Turkish currency lost almost half of its value in relation to the zloty. It is a unique moment for tourists to spend their holidays in a shopping craziness," writes Marcin Lipka, Conotoxia Senior Analyst.
The fall of the Turkish lira. A disaster for citizens
On Friday only, the Turkish currency sometimes lost 13% to the dollar. In March, the dollar cost 3.8 lira, and today it was even 6.3 lira. The press reports about the concerns of the European Central Bank have worsened dramatic events in the local market - writes Marcin Lipka, Conotoxia Senior Analyst.
A shock to the rouble, but far from a catastrophe
The Russian currency lost 5% of its value in relation to the dollar during the day. This is the reaction of investors to the sanction imposed by the United States. However, the threats to the ruble are much smaller than in the case of the Turkish lira, which was mainly overestimated by the country's bad economic policy - writes Marcin Lipka, Conotoxia Senior Analyst.
Poles retirement pension could be higher by PLN 3 thousand per year
“Poland has the highest percentage of pensioners with special rights in the European Union. Maintaining this costs about PLN 50 billion annually, which is 2.6% of GDP. If expenditure on special pensions was limited to 1% of GDP, i.e. it was equal to the EU standards, every pensioner in Poland could receive PLN 3,000 more on an annual basis,” writes Marcin Lipka, Conotoxia Senior Analyst.
Greek unproductivity is a threat to the whole euro area
“There is practically no chance that Greece will embark on a path of sustained economic growth. This will mean endless problems with debt service, the prospect of another bankruptcy and further impoverishment of the population. No budgetary savings or emergency aid will stop this process, as the Greek problem is completely different,” writes Marcin Lipka, Conotoxia Senior Analyst.
Lira battered by American sanctions
“There is no end to the fatal streak of the Turkish currency. The country's economic problems are worsened by the growing political dispute between Washington and Ankara. Not only the lira but also other local assets are suffering. Worldwide, Venezuela alone has lost more of its basic stock market index this year than Turkey,” writes Marcin Lipka, Conotoxia Senior Analyst.