. “Egypt has two LNG liquefaction plants, (at Idku and Damietta) and was an exporter in the 2000s, but falling production and rising demand meant it became a net importer in 2015, and the LNG plants have remained idle” By Costis Stambolis A series of events over the last two years in the
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate Valuers & Estate Agents Paphos is one of the main tourist centres in Cyprus with an operational season almost 12 months and with its existing beds increasing next year alone by a further 2,000 beds. The centre of the tourist/visitor
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* May have to wait longer for ‘investment grade’ rating By Kyriacos Kiliaris The Cyprus Republic is to see a series of sovereign credit rating evaluations from the major rating agencies over the next three months, starting with Standard and Poors’ report expected on March 16, that could see Cyprus being moved into investment
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The 1707km sub-sea EuroAfrica Interconnector cable that will connect the electricity grids of Egypt, Cyprus and Greece with Europe has entered the pre-works phase, with the Egyptian government giving its full support to EuroAfrica Interconnector, transforming Egypt as an electricity hub for Africa and agreeing to the electricity cable route, the landing point and the
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The construction works of the EUR 400 mln Limassol Del Mar has been assigned to a consortium of four local and foreign companies, which includes Atlaspantou Co., MAN Enterprise, ICM Group and CMB Società Cooperativa, the project’s operator Cypeir Properties Ltd said. These companies have a wide expertise in the field of high-rise developments and
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* Lower provisions and EPS target could pave way for bigger profits in 2018 Bank of Cyprus announced operating profits of EUR 485 mln in 2017, that were subsequently wiped out by higher provisions due to the overhang of non-performing loans, but has set a target of maintaining its profit levels this year, where
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“Agreement on SDGs is first important step, even though trade-offs will be unavoidable” Janez Potocnik , the former EU Commissioner for the Environment has called for a change in the current economic model and the need to find a balance in the human social-ecological system. Speaking at the Cyprus Institute’s 2018 Hubert Curien Memorial
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Melco Resorts and Entertainment, the operator of the EUR 550 mln City of Dreams Mediterranean casino resort which is set to open in 2021, has announced its first 500 job vacancies for this year. The company is recruiting professionals for the temporary and satellite casinos scheduled to open in 2018, with the first 500 positions
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Finance students researched KEO Plc’s business model and equity – winners will represent Cyprus in the international competition The University of Cyprus team won the CFA Research Challenge Competition organised for the fourth consecutive year by the CFA Society Cyprus. Taking part in the competition were student teams from the University of Cyprus, the
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Pafilia Property Developers has launched ‘The Grove’, a project located within citrus plantations and orchards in Paphos in an area surrounded by traditional villages, and just a stone’s throw from the coastline and the town hub. Further expanding Pafilia’s portfolio of properties in the region, Cyprus’ largest privately–owned residential developer’s claim to fame is its
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