The 16th annual CFA Forecasting Event of CFA Society Cyprus held in Nicosia was attended by more than 250 bank executives, investment, accounting and audit firm executives, as well as high-ranking state officials. Andreas Andreou, Vice Chairman of the Cyprus Securities and Exchange Commission (CySEC) said the regulator’s role is to exercise effective supervision of
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Cyprus health authorities urged travellers returning from northern Italy, South Korea, Iran, Japan, Singapore, and Hong Kong to self-isolate to help prevent a possible spread of the Covid-19. The Health Ministry committee overseeing and evaluating data on coronavirus said that people, who travelled to areas north of Pisa and Florence need to stay home and
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By Lukman Otunuga, Senior Research Analyst at FXTM A sense of optimism over global central banks and governments acting with a co-ordinated policy response has revived appetite for riskier assets. Shares in Asia pushed higher on Tuesday following the overnight rally on Wall Street thanks to stimulus hopes, and this positivity is likely to roll-over
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While Cyprus is desperate to produce clean energy, one of the island’s biggest and most technologically advanced RES projects has been tangled in government red tape for the past six years. The construction of a 50 MW solar thermal park in Alassa, Limassol, was on ice for six years with project backers blame the state
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Cyprus seeks to address challenges facing small and medium-sized enterprises (SMEs) in obtaining financing, by creating a state Equity Fund which will inject cash into capital-starved businesses and start-ups. Currently, the lack of a financial ecosystem which would allow small business and start-ups to draw capital from equity and venture capital is forcing companies to
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In the biggest facelift, Larnaca has witnessed the port and marina redevelopment project will change the town’s future landscape creating 4,000 jobs and generating billions for the economy. Cyprus has reached an agreement with Israeli investors for the long-awaited €1.2 bln redevelopment of Larnaca port and marina, the island’s largest infrastructure project of its kind.
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When officials tell you not to panic about the coronavirus outbreak the fear begins to start in your toes and work its up into a frenzy until every sniffle and cough is a potential prison sentence. Cypriots like every other human being are irrational, even though Covid-19 hasn’t reached our shores it is quickly enveloping
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The offer by President Nicos Anastasiades to provide the presidential retreat at Troodos and some government houses, as a recuperation centre for coronavirus patients, although gracious, is misguided. For the umpteenth time, Cyprus remains a reactive state and hardly ever proactive. Shutting down four crossing points for a week will hardly protect our cocoon island
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The worst global market sell-off since the 2008 crash will become an important buying-opportunity for investors, affirms the chief executive of one of the world’s largest independent financial advisory and services organisations. The prediction by Nigel Green, CEO and founder of deVere Group, comes after equities lost a tenth of their value this week as
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News that Cyprus ranks fourth amongst EU member states for the number of enterprises (73%) using social media, companies still need to breach the digital divide. Despite the encouraging data presented in a Eurostat report, businesses in Cyprus are far from making full use of growth potentials offered by social media or digital marketing, say
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