The Chairman of the Cyprus Energy Regulatory Authority (CERA) George Shammas has resigned and already informed the President last month. His term in office was supposed to expire at the end of January 2016. Shammas told reporters that his resignation has been already accepted by President Anastasiades and he asked to remain in office until
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In its July 16 issue, the Immobilien Zeitung reported about the persistently high demand on the office markets of the leading German cities. Berlin’s office market, for instance, ended the first semester of 2015 with a record turnover of 337,000 sqm, an increase by well over 20%, as the paper reported on the basis of
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Out of every crisis there is opportunity and the phrase could not be more true in the case of Greece, where despite the economic situation, quality projects are still in great demand, mainly by foreign investors. “Many people want to be by the seaside especially in the Greek islands of Crete, Paros and Santorini,” said
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. By Oren Laurent President, Banc De Binary The Greek debt crisis may appear to have come to resolution on paper, but the reality is that nothing is further from the truth. The terms and conditions imposed upon Greece by Europe are near impossible to satisfy and a deeper, broader crisis is bound to ensue
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. Dr. Jim Leontiades Cyprus International Institute of Management “Terrorists”, “blackmail”, “lack of trust” are just some of the terms voiced during the recent negotiations between Greece and its Eurogroup partners. There were even suggestions that Greece should leave the common currency altogether. Such ill will is a far cry from the spirit which characterised
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. For Alexis Tsipras, last week’s “capitulation” to lenders’ demands and his about-turn on the principles and declarations against austerity that got him elected, was bad. For Greece, parliament reluctantly voting the ‘prior actions’ package and the mild Cabinet shuffle that followed the rebellion from within his own party, was good. But the Prime Minister
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Limassol-based RCB Bank, one of four systemic banks in Cyprus that passed the ECB stress tests last October with flying colours, has opened two new branches, one in Nicosia and one in Limassol, raising the total network to four, while it also plans to open two more by the end of summer. The new branch
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UCLan Cyprus is organizing an Open and Career Day on Tuesday 28th of July at its Campus in Pyla, Larnaka, from 17.00 to 20.00. The aim of the Open Day is to introduce and inform prospective students and their families about the only British University Experience which exists in Cyprus and all the programmes of
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By Jameel Ahmad, Chief Market Analyst, FXTM Markets have had an unexpected start to the week with a spectacular drop in Gold during the Asian session that sent the yellow metal to a new five-year low of $1,080. Gold dropping so sharply is a surprise and while the reports that China gold reserves were half
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The Max-Planck-Institute for Chemistry in cooperation and the German Aerospace Center (DLR) will embark on a unique research mission from Paphos on Wednesday, July 22, that will include a flight path of 100,000 kilometres and 120 flight hours. The ‘OMO’ research mission will analyse the changes of self-purification in the atmosphere with regard to the
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