Dublin, Madrid, Athens, Birmingham, Amsterdam and Lisbon all set to benefit from increased investor interest, according to PwC and ULI Competition for prime assets in Europe’s major real estate markets is leading property investors to continue their move into secondary assets and recovering markets, according to Emerging Trends in Real Estate® Europe 2015, a forecast
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. The UN’s Special Representative for Cyprus, Espen Barth Eide, has said it several times: the island’s gas reserves could be a godsend as much as a curse. Reading between the lines, he is just conveying a message from his paymasters, that as long as Turkey’s influence reaches deep into the corridors of power of
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The joint House Finance and Interior Committees have given the government a week to respond and incorporate adjustments to the package of four pieces of legislation that comprise the law on foreclosures, the delays of which prompted the IMF tio suspend its payment of 86 mln euros as part of the bailout deal and postponed
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* Central Bank to announce rate cuts on loans * Nearly a third of the 29.1 bln euros worth of non-performing loans have no security, Central Bank Governor Chrystalla Yiorkadji told a parliamentary committee meeting on Tuesday, adding that in addition to the 9.8 bln of unsecured loans, a further 5 bvln are unsecured, but
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Alfa Bank, the Russian lender that boasts billionaire Mikhail Fridman as its largest shareholder, is shutting its New York capital markets office and cutting headcount in London, “which is a reflection of the level of interest in the Russian market,” said Moscow-based spokesman Leonid Ignat. “We will be maintaining our London office, but there will
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Bank of Cyprus said that the recent appreciation of the Swiss franc against the Euro had no material impact on its foreign currency position. “As part of its overall conservative risk management strategy and appetite, the bank has a policy of hedging foreign exchange risk. Hence, the recent appreciation of the CHF against the Euro
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* CEO Pouyanne plans 30% cost cutting exploration * French energy giant Total is considering abandoning its Cyprus offshore exploration plans several months before its first expected drill, which the group’s new chief executive suggested in a recent interview was part of accelerating and deepening a group-wide cost-cutting plan. Cyprus Energy and Trade Minister Yiorgos
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Mosquitoes’ capacity to transmit malaria may be affected by antibiotics in the blood of patients they bite, according to new research led by Imperial College London, in collaboration with The Cyprus Institute. Malaria is a disease that infects almost half a billion people and kills over half a million every year, mostly children aged 1-5
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TNT has upgraded its international delivery service to Germany by providing guaranteed next-day delivery to all postal codes in the country, as well as an optional delivery before 12-noon nationwide. Both services are available for parcels and heavier freight shipments. The coverage expansion will benefit all companies exporting goods to Germany, Europe’s largest express delivery
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. By George Mouskides The previous administration raked in EUR 11 mln in 2011 from the Immovable Property Tax (IPT). In 2012, the revenues from the same tax shot up to EUR 25 mln. As regards 2013, the previous government had proposed a tax hike in order to raise the sum of EUR 200 mln.
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