The Economic Intelligencer

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The Economic Intelligencer

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Aqaba-Nivardom Railway breaks ground


The Ministry of Finance, International Trade and Industry of the Free and Associative Kingdom of Constancia

hereby announces the beginning of construction of the Aqaba-Nivardom Railway.

Interested individuals and entities of demonstrated competence and experience are invited to express their interest in investment or consultancy and provide further information about themselves.

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Cario Entertainment City planned


The Ministry of Finance, International Trade and Industry of the Free and Associative Kingdom of Constancia

hereby announces the opening of planning for Cario Entertainment City, a master-planned, integrated mixed-use megalopolis on the Free and Associative Kingdom's western frontier. Destined to be Eura's playground, it is designed to be a special economic zone with minimal taxation.

Interested individuals and entities of demonstrated competence and experience are invited to express their interest in investment or consultancy and provide further information about themselves.

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[spoiler]https://www.youtube.com/watch?v=8qzQ7fo1Dec[/spoiler]


"Loyal Subjects to the End" premieres in Vey


In an effort to further distract the Constancian masses from, among others, the fact that there has been no sitting Synkletos for more than two consecutive years now develop Constancian cinema and culture, the first Constancian feature film, "Loyal Subjects to the End" premiered to a packed theater in Vey.

Funded by the Ministry of Finance, International Trade and Industry of the Free and Associative Kingdom of Constancia, and the fledgling financial and production support of emergent Raspur industrialists, "Loyal Subjects to the End" is an adventurous action-packed film that portrays the struggles of Constancian and Raspur subjects during the age of cultural misunderstandings and mutual depredations on the Central Euran frontiers. The Emir of Raspur is shown as a wise and able military commander, while the protocol-breaking Constancian officer demoted to sergeant, played by renowned actor Giánnis Bataviadammerung, has only his personal courage and skill-at-arms to redeem himself.

"Loyal Subjects to the End" begins worldwide commercial release today.

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Constancian Commercial Exchange Corporation granted charter


The Ministry of Finance, International Trade and Industry of the Free and Associative Kingdom of Constancia

hereby announces the incorporation of the Constancian Commercial Exchange Corporation, to serve as the central capital market entity and forum within the Free and Associative Kingdom of Constancia. Only shareholders of the Corporation shall have a seat within, and be permitted to engage in brokerage of stocks, bonds, and other financial and money market instruments within the Constancian Commercial Exchange.

Interested individuals and entities of demonstrated competence and experience are invited to express their interest in investment or consultancy and provide further information about themselves.

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Stock trading remains suspended


The Constancian Commercial Exchange Corporation announced today, 22.IX.1667, that organized trading in shares of stock of listed corporations remains suspended until further notice. Developments from the 1st Imperial Synklētos are being awaited with great interest.

Money Supply M3 in Constancia averaged an annual increase of 18777.19 million Staters from 1653 to 1667, from an initial 6516.50 million Staters at the opening of the Basileusan Bank.

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Company of Merchant Adventurers to New Lands introduces offering


The Company of Merchant Adventurers to New Lands, registered under the authority of the Thema Oranjesion of the Imperial State of Constancia, in accordance with Imperial Constancian law, announced today, 22.I.1690, that it was seeking individual members of the public who were interested in investing 9,301,000 Natopos in exchange for 1 share of the Company, to which the shareholder would be receive 1,000 acres of land of the Company. The Company has made it a rule that only shareholders of the Company are permitted to receive land of the Company, and that settlers of the land shall have inalienable rights to liberty of worship. The Company shall govern the affairs of the land, to which shareholders, by virtue of being so, shall have inalienable seat, voice and vote at the Annual General Assembly and election of the Court of Directors.

Upon complete subscription of the shares, admission to the Company will thereafter only be by patrimony, that is, being the eldest surviving legitimate, non-adoptive offspring of a person who was a shareholder at the time of the child's birth, and who subsequently lawfully inherited or purchased the aforesaid share; by being an employee of the Company and subsequently permitted and perfected purchase of a share, or by resolution of the Governor and Court of Directors of the Company - all of which who would be obliged to remit first a fee as set by resolution of the Governor and Court of Directors.

Interested parties may inquire further via message to the Secretary of the Company of Merchant Adventurers to New Lands.


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Shirerithian Company conducts market raid on Atacama Corporation


The generally predictable trading day at the Constancian Commercial Exchange resulted into bedlam merely a few minutes after market opening today, 11,VI.1690, with the CCEX composite index closing at a record 14,183.20, an all time high since its founding.

The primary cause was particularly evident, with long-time broker (since 1663) Oranjesion Private Equity Capital purchasing every single share available and listed in the market, at the consistent and maximum ceiling bid price of 5 Imperial Staters per share. Since the loss of its fee-simple property and infrastructure in Atacama, Kendall Isle, the Atacama Corporation share price had dropped from 845 Imperial Staters when it was first listed nearly 3 decades ago, to a mere 3 to 3.5 Imperial Staters per share these past few weeks, a significant drop of 99.65% of market capitalization. From an 845-billion Imperial Stater corporation, in recent months, Atacama Corporation had been worth a mere 3 billion Imperial Staters in total, owing mainly to its 9.9% stake in Banca Credito Commercio Immobiliare.

At the close of trading, Oranjesion Private Equity Capital, registered in Shireroth but doing business as a financial services firm as well as a brokerage house in Constancia, was the proud owner of and additional 89,997,000 shares of Atacama Corporation, for which it had paid 451,324,955 Constancian Staters, fees included (9,026,499 Natopos).

With this recent purchase, this means that the Shirerithian firm now owns nearly 19% of the listed firm. Atacama Corporation is also a brokerage house in the CCEX, and did a bit of business transacting in its own shares as well.

Imperial Senator Viljo Kaljurand, long-time Chief Executive of Atacama Corporation and former Minister for Reconstruction and Infrastructure, expressed surprise at the sudden development, saying, "I am glad to see that investors have finally seen the inherent value of the corporation. Atacama Corporation will go from strength to strength."


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Currency traders flee Shirerithian Erb after decreed revaluation


There was noticeable flight away from the Shirerithian Erb at the Constancian Commercial Exchange today, after news of a currency reform decree spread. The Erb dropped 27% from its closing price yesterday as of close of trade today, 17.V.1691.

Analysts interviewed by the Economic Intelligencer said that the apparent pegging of the Erb to unmilled wheat was sufficient cause for concern, which would make the currency essentially dependent on the Shirerithian harvest. The Shirerithian Erb has devalued significantly after the Auspicious Occasion of 1651, and is now, at best, a third-tier reserve currency, although it is still utilized due to confidence in the prestige, economy, and resilience of the Imperial Republic. The Natopo remains the global currency of exchange, followed by the Benacian Sovereign, Craitish Cräite, the Alduro-Wechua écu, and the Mercurian Crown as preferred reserve currencies here in Constancia.

Timotheo Braganza of the Mitra Corporation, a research firm, said that he expects a slight related selloff in Shirerithian shares and government securities in the short term, but that there may be some stabilization in the medium term.


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Imperial Government confirms 'Retail Stimulus Package'


Have you noticed a slight increase in your savings account over the holidays? You're not the only one.

The Imperial Constancian Government confirmed today, 20.V.1691, that it was behind the increase in cash for individual depositors possessing a bank account domiciled within the Imperial State. Spridon Samarkis, spokesperon of the Ministry of Finance declared in a statement today that, "Yes, the Imperial Government is behind the sudden increase in individual deposit balances. Thirty thousand Imperial Staters were deposited to each individual depositor with a deposit account in Constancia whose balance has never reached 10,000 Imperial Staters".

Thirty thousand Imperial Staters is equivalent to approximately 612 Natopos at present exchange rates.

"This idea of a "Retail Stimulus Package" was conceived by Her Imperial Majesty the Basilinna, of Her Own accord," said Mr. Samarkis. "This is from the Basilinna's private personal revenues as proprietor of the Prosgeiosi Basileus, and the extra cash in the hands of our fellow Constancians are supposed to help boost consumer confidence and local and national spending." Mr. Samarkis and other Imperial Government officials refused to divulge the total amount disbursed, but based on openly-available statistics, there are 18,154,334 individual bank accounts in Constancia as of 1691. It is unknown how many of these have had a balance that has never reached 10,000 Imperial Staters.

As of 1691, only 23% of the entire Constancian population have bank accounts. Most of these are residents of urban areas.

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