* EUR 6 bln natgas pipeline from Leviathan to Italy will allow Israel to export gas to Europe * Officials from Cyprus, Greece, Israel and Italy have signed a memorandum of understanding to plan a 2,100 kilometre underwater pipeline linking the natgas-rich offshore Leviathan field directly to Europe, boosting equities on the Tel Aviv
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The first ever EU list of non-cooperative tax jurisdictions has been agreed by the Finance Ministers of EU member states during their meeting in Brussels. In total, ministers have listed 17 countries for failing to meet agreed tax good governance standards. In addition, 47 countries have committed to addressing deficiencies in their tax systems and to meet
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By Hussein Sayed, Chief Market Strategist at FXTM Despite U.S. equities closing at new records on the tax breakthrough, it was interesting to see the dollar retreating slightly against its major counterparts. It seems investors are still anxious about how the Senate will reconcile its tax bill with the House of Representatives
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“Challenges remain in high levels of private and public sector debt, sizable NPLs, external imbalances, and the small size of the economy, exposing Cyprus to adverse changes in external demand” DBRS Ratings has confirmed the Republic of Cyprus’s Long-Term Foreign and Local Currency – Issuer Ratings at BB (low) and changed the trend to
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* How did the South Med policy-makers respond to demands for change? * While French President Macron goes to Algeria on December 6 and the next EU Summit will take place on December 14 and 15, the Euro-Mediterranean Forum of Institutes of Economic Sciences (FEMISE) launched its 2017 Euro-Mediterranean report on the transition of the
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. It is odd that in the land where court cases and appeals to government decisions, that normally take five to ten years to resolve, the matter of compensation to landowners in Limassol’s Amathus area has dragged on for 53 years and counting. Owners of the property that has since been unearthed to reveal one
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate Valuers & Estate Agents The new Minister of Interior of Cyprus has announced that he is introducing a “one stop shop” which will deal with large-scale real estate investments (over EUR 5.0 mln). This office will have a project manager,
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. * The “do’s” and “don’ts” in holiday card etiquette * In the office, the professional methods of communication are generally pretty clear. Pick up the phone, shoot a quick note by email, or make a visit to someone’s office. However – during holiday season – many employees wonder “Should I send members of
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MeritKapital, the Cyprus based, CySEC licensed investment firm, continues to expand the non-executive board of the FCA registered firm by inviting Ike C. Nwodoto to join. Ike started his career at Calyon’s interest rate derivatives’ team where he focused on the valuation, structuring and hedging of underlying deals. Subsequently, he moved to Exotix Partners LLP
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Managing data security and privacy is the main challenge Chief Financial Officers face in today’s corporate reporting environment for more than half of respondents (56%) to the latest report by EY Financial Accounting and Advisory Services (FAAS), ‘Can innovative corporate reporting build trust in a volatile world?’ When looking at findings by country, CFOs in
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