. By Alon Ben-Meir It is hard to imagine that along with the catastrophe that has been inflicted on Syria for the past six years, another calamity is unfolding in Yemen of damning proportions while the whole world looks on with indifference. What is happening in Yemen is not merely a violent conflict between combating
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The Co-operative Central Bank has completed the cycle of lenders offloading their often toxic non-performing loans portfolios to recovery experts and is now set to head for the Cyprus Stock Exchange later this year. The state-owned bank, the result of a merger of more than 200 Co-op credit societies (SPE) and a subsequent bailout
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International tourist arrivals worldwide grew by 6% in January-April of 2017 compared to the same period last year, with business confidence reaching its highest levels in a decade, according to the latest UNWTO World Tourism Barometer. Sustained growth in most major destinations and a steady rebound in others drove results, while prospects for May-August
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Tourist arrivals reached 472,450 in June, compared to 413,114 in the same month last year, recording an increase of 14.4%, according to the monthly Passengers Survey. June had the highest volume of tourist arrivals ever recorded in Cyprus during the specific month. For the first half of 2017 tourist arrivals totalled 1,463,206, compared to
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Reducing costs of heating buildings due to the use of solar energy, heat pump and a patented heat exchanger, or a project allowing to reduce the consumption of energy by cooling devices. Sounds innovative? These are a few winning projects of last year’s edition of PowerUp! by InnoEnergy. The call for proposals starting now
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The Department of Civil Aviation (DCA) has appointed CAA International (CAAi), the state-to-state advisory arm of the UK Civil Aviation Authority (UK CAA) to provide the DCA with technical safety oversight and certification support. CAAi’s assistance will be focused on flight operations and airworthiness. As one of Europe’s top tourist destinations, and a large
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Cyprus’ debt was at EUR 19.3 bln in May, unchanged from the beginning of the year, the Public Debt Management Office (PDMO) said on Tuesday. It said that the general government budget balance was in surplus of EUR 114 mln in the first five months of the year, with the primary surplus reaching EUR 289
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. Was it a coincidence that the French Minister for Armed forces Florence Parly was on a brief visit in our parts of the wood the day that Total was supposed to start drilling in block eleven of the Cyprus Exclusive Economic Zone? Boarding the French Navy frigate Languedoc, currently patrolling in the eastern
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The entire maritime and business community of Cyprus has applauded parliament’s unanimous vote on Friday to pass legislation establishing the Deputy Ministry (Under Secretariat) for Shipping, one of three non-voting Cabinet offices this government pledged it would create over four years ago. Just two weeks ago, on June 26, MPs decided at the
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By Lukman Otunuga, Research Analyst at FXTM It has been an eventful week for the financial markets, as comments from central bank heavyweights which fuelled monetary policy speculations and political uncertainty in Washington, breathed life back into the currency and equity markets. Fed Chair Janet Yellen was the talk of the town after catching
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