The head of the independent Insolvency Service, Yiorgos Karotsakis and Troika representatives (IMF, European Commission, ECB) reviewed the progress so far in the implementation of the insolvency framework , within the framework of the third post-surveillance mission in Cyprus. Karotsakis was quoted by the Cyprus News Agency as saying that he briefed the Troika officials
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The Cyprus Tourism Organisation (CTO) said that tourist arrivals are expected to reach a new record of 3.6 mln this year, after arrivals breached the 3 mln mark for the first time last year. The Statistical Service Cystat said tourist arrivals in the January-August period reached 2.51 mln, marking a new record for the
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The KIOS Research and Innovation Centre of Excellence of the University of Cyprus is coordinating the ENHANCE research project with academic and industry partners from Cyprus and Israel that aims to pave the way for a seamless and massive deployment of solar energy into the power system by developing innovative residential photovoltaic systems (PVs).
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PwC Cyprus, one of the Big Four audit and advisory firms on the island, presented its financial results for the financial year ending in June, whereby revenue totalled EUR 77.8 mln, confirming its leading position in the Cypriot market, while its total contribution to state revenue was EUR 27.7 mln. Taking part in
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. Campaign posters are up, candidates are racing from one TV channel to the other, radio shows are overwhelmed by their supporters and everyone seems himself (there are no female candidates) as the saviour of the Cypriot people, a gift from God, with magic tricks in their hats that will solve all problems, get the
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. Investment opportunities in SE Europe’s energy sector highlighted at PPC/DEH Energy Forum in Thessaloniki By Costis Stambolis In a well attended event, in Thessaloniki, on September 9, convened by Greece’s Public Power Corporation (PPC/DEH), in partnership with the Institute of Energy for SE Europe (IENE), and held in the grounds of the
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. By Jim Leontiades Cyprus International Institute of Management One of the oldest and most widely held economic theories is that international trade is a win-win situation. Through the benefits of international specialisation, all parties to agreements which extend free trade can “win”. This is the theoretical basis for free trade and globalisation. It
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate Valuers & Estate Agents Like many other things most of our living habits are changing and they now have a cycle. A young couple starts with the acquisition of an apartment 1-2 bedrooms, then depending on their
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German economics professors see only minor differences between the right-wing CDU/CSU and left-wing SPD in many policy areas, according to the latest Economists Panel jointly conducted by the ifo Institute and the Frankfurter Allgemeine Zeitung. German economists find few policy differences between the two parties in areas like fiscal policy and taxes, the environment,
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EY and the Cyprus Chamber of Commerce and Industry (KEVE) conducted the first Family Business Study, where the main issues of concern were the challenges that Cypriot family businesses face in management leadership, long-term succession, increased competition, economic and financial risks, taxation and bureaucracy. The study, based on the views of 95 executives from
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