The economic recovery continues to gain momentum for a ninth consecutive quarter, as growth is becoming more vigorous and broad-based, contributing to employment growth and the reduction of unemployment, though still remaining high, the Hellenic Bank said in its Economic Review for the first half of 2017. According to the Flash Estimate compiled by
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Standards & Poor’s affirmed its “BB-/B” long- and short-term counterparty credit ratings to RCB Bank Ltd on Monday with a ‘stable’ outlook. The rating agency underlined that the rating on RCB reflects the bank’s steady income generation capacity, an experienced and stable management team and expectation that nonperforming loans will remain significantly lower
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Cyprus and Malta experienced double-digit growth in tourist arrivals in June (14% and 19% respectively), compared to 12 months ago, according to a new analysis from PwC’s Global Economy Watch. Cyprus is experiencing an all-time high in the number of tourists visiting this year. Using the same approach, Spain could see its tourist numbers increase
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. The successive hurricanes that have hammered the entire cluster of seaborne nations in and around the Gulf of Mexico, in some cases devastating island-economies, should prove a lesson to countries that having pro-active policies in place, as opposed to just being reactive in case of disasters, saves money and lives. The 2011
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. “Learning by Doing” emphasises practical learning in a variety of formats By Olga Kandinskaia In today’s hyper-competitive job market, a post-graduate degree in business management has become a required qualification for employment in jobs that university graduates would find appealing and rewarding. Fields that were in high demand a few years ago
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Property Valuers, Property Consultants & Estate Agents It is known that to secure a permanent residency visa, the applicant must buy a house (or apartment) of not less than EUR 300,000 of value and for the passport not less than EUR 500,000
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The exploration drilling by French Total and Italy’s Eni in the “Onisiphoros West 1” gasfield in Cyprus’ Exclusive Economic Zone (EEZ) has fallen short of expectations, with the government minister saying it was not commercially viable. The field in the offshore block 11, is estimated to have less than half a trillion cubic feet
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Transport Minister Marios Demetriades invited guests attending the 2nd International Investors Summit to consider participating in projects and public works, some of which are in the pipeline, including the commercialisation of Larnaca port. Speaking at the three-day event, hosted by the state-run Cyprus Investment Promotion Agency (CIPA), Demetriades said that “through a series of
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Cyprus first brand-new naval patrol boat was launched in Haifa on Tuesday, nearly four years after the order with Israel Shipyards Ltd. was first placed. Defence Minister Christoforos Fokaides said that this was the first of three Offshore Patrol Vessels (OPVs) to be delivered to the Cyprus Navy that will be used in
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The government has around EUR 35 mln to fund infrastructure projects in Famagusta district and generate jobs. This follows a similar pledge of EUR 16 mln for the Troodos area two weeks ago, EUR 60 mln for projects in Paphos, and EUR 70 mln each for Limassol and Larnaca in July. Making the announcement
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