The Bank of Cyprus announced that it will compensate the provident funds of 841 employees to the tune of EUR 28 mln, who had suffered a deposit haircut in 2013 and were not included in the government compensation plan announced last year. The bank’s CEO John Hourican was quoted by the Cyprus News Agency as saying
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Eurostat reported that euro area gross domestic product (GDP) rose 2.7% in the fourth quarter, compared to the same quarter in 2016. That means the growth of the once deeply recession-plagued economy has caught up to the U.S. expansion rate. In specific, Eurostat reported: “Compared with the same quarter of the previous year, seasonally adjusted
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Cash and stock deal with Israeli player valued at $800 mln for 7.5% working interest Noble Energy, the American company that owns a large stake in Israel’s natural gas fields and was the first to explore and develop the Aphrodite offshore gasfield in adjacent Cyprus waters, is trimming its holdings in the only currently
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The European Union is making strides in renewable energy generation with the share of energy from renewable sources in gross final consumption hitting 17% in 2016, double the share in 2004 (8.5%). The EU is aiming to reach 20% by 2020 and at least 27% by 2030, according to Eurostat data that showed that Cyprus, a newcomer to
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Rents for retail spaces in secondary locations in the centres of cities in Germany with more than 500,000 inhabitants surged by around 9.3 % last year, while rents in smaller cities fell, according to the Immobilien Zeitung, citing the IVD’s latest Commercial Property Rent Index. “Germany’s retail trade is booming,” observed IVD President, Jurgen Michael
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. With the voters preparing for a second round of elections in what is considered to be the most boring campaign in the Republic’s history, what the candidates have failed to realise is that the outcome, based on a lower turnout, was mainly due to the general mistrust in the establishment. The previous administration had
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. By Olga Kandinskaia As someone with a keen interest in the business management science, I always keep an eye on the latest decision-making theories. Simply speaking, making a decision is rarely easy. Or at least if we are talking of a good decision. To make a good decision, we need
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate Valuers & Estate Agents It is a fact that foreign real estate sales which represents about 25% of the total in terms of numbers and around 50% in terms of value, has had a most positive contribution to the local
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. What little excitement had been reserved ahead of this week’s election fizzled out on Monday night, with the live televised ‘debate’ garnering as much viewership as a repeat of the Bold and the Beautiful. Nicos Anastasiades concludes his five-year presidency on a relatively high note, boosted by the inability of the opposition to demolish
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate Valuers & Estate Agents There is a huge and serious confusion whether a swimming pool is private or public. The prevailing regulations (even this is not clear) stipulate that a pool is considered as being public if it serves more
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