The Cyprus Tourism Organisation (CTO) has expressed its satisfaction over the annual increase of tourist revenues in June, according to data released by the Statistical Service Cystat. A press release by CTO says that the June 2017 revenues from tourist arrivals reached EUR 347.2 mln, recording an increase of 15.3% compared to June 2016. Regarding
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. With next year’s presidential polls tentatively set for February 18 and February 25 for a probable runoff, all political parties have unleashed their election campaigns, with the opposition groups slamming the present government’s every move and the ruling DISY singlehandedly defending the administration’s record. The results of the 7-month fiscal policy announced this week is
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Property Valuers, Property Consultants & Estate Agents There appears to be some sort of increasing interest for Cyprus alternative investments. Real estate demand from wealthy buyers is active, ranging from the acquisition of top quality houses, to office buildings (as an investment
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University of Cyprus Rector Constantinos Christofides and Transport Minister Marios Demetriades discussed plans for the creation of a school on maritime science, technology and economy to be based in Larnaca. During a meeting on Monday, Christofides said that an international advisory committee has been set up and will soon meet in Cyprus to
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The Federation of National Ship Brokers and Agents (FONASBA) Young Ship Agent or Broker Award 2017, co-sponsored by International Transport Intermediaries Club (ITIC), has been awarded to Niklas Soltow of SCA Logistics GmbH of Kiel, Germany. Katy Aldrick of Seaforth (Kenya) Ltd also received a special ‘highly commended’ award for her paper on the threats
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The Italian Navy training ship “Palinuro” will be calling on the port of Larnaca from August 28 to September 1, as part of the cadet training course of the Taranto naval academy. The Italian Embassy announced that the public will be allowed to visit one of the most famous Italian Navy ships, built in
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The Paphos Chamber of Commerce and Industry (CCI) wants a jetty in its harbour and a jetty or marina in Polis Chrysochous, for which studies are being carried out to determine the economic and technical viability of the projects, Paphos CCI President Andreas Demetriades told CNA. If the projects are deemed viable, a series
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Bank of Cyprus Holdings announced it will change to the way it provides against delinquent loans on its balance sheet, which will result in the Group allocating an additional EUR 500 mln of its capital – through making additional provisions – against these risks. The bank said in an announcement that this additional provisioning,
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Plans to raise the government-owned Cyprus Cooperative Bank’s share capital are at an advanced stage, attracting interest by foreign investment banks, sources told the Cyprus News Agency (CNA). At the same time, Finance Minister Haris Georgiades told CyBC radio that the aim is to issue free shares and to proportionally reduce the government’s stake
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Hellenic Bank, the island’s third biggest lender, that avoided a bailout in 2013 and has been recapitalised by own funds and shareholders’ support, has launched a Business Blog that offers information to the business community in the form of analysis and review of the economy and the main indicators, light business articles as well as
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