The European Investment Bank (EIB) signed a EUR 50 million loan with Hellenic Bank to support investments by local small and medium-sized enterprises (SMEs) and MidCaps, bolstering growth and creating new jobs for young people. A State Guarantee agreement between the EIB and the Republic of Cyprus was also signed. The loan with Hellenic Bank
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* ENI hopes to drill in Cyprus EEZ before the end of 2017 * We believe that there could be another Zohr in the region, Luca Bertelli, Chief Exploration Officer of ENI SpA told participants of the Eastern Mediterranean Gas Conference, in Nicosia, on Tuesday, adding that prospects similar to the colossal Egyptian gasfield are
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Cyprus Airways, the airline that bought the name and branding of the defunct national carrier, has just received its air operator’s certificate (AOC), announcing that it will release details of its flight schedules “in a few weeks”. Posting the news on the airline’s Facebook page, Cyprus Airways, owned and operated by Russia’s S7 subsidiary
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Delfi Partners & Co. announced the appointment of Panos Kanellopoulos as partner of its Advisory and Corporate Finance Division. Kanellopoulos joins Delfi Partners with a long track record in investment banking, private equity and business development, having worked in well-known international banks and other financial institutions. He has a very diverse background and carries a
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Total imports/arrivals (covering total imports from third countries and arrivals from other EU Member States) in January-December 2016 amounted to EUR 5.960,0mn as compared to EUR 5.141,6mn in January-December 2015. Total exports/dispatches (covering total exports to third countries and dispatches to other EU Member States) in January-December 2016 were EUR 1.736,5mn compared to EUR 1.739,7mn
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. By Costis Stambolis Early last month, Greece’s radical left SYRIZA party, which leads a wobbling left- right coalition, celebrated two years in power and its leader Prime Minister Alexis Tsipras appeared ebullient that his government had managed to put the country back on an economic growth path. At least that was the picture emulating
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. Used to be that the most dreaded person in Cyprus was the President of the Republic, not for nationalistic or patriotic reasons, but because he alone could make or beak your civil service career, approve or reject your public service contract, or even ensure you got unwarranted privileges for government housing, a low-interest loan
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Seven Cypriot restaurants are taking part in the 2017 Good France campaign, which will take place on March 21, joining 2,000 chefs and 71 culinary schools from around the world as they celebrate French gastronomy. The French embassy in Nicosia has posted on its facebook page (www.facebook.com/AmbassadeFRChypre ) videos of the chefs, together with the
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Property Valuers, Property Consultants & Estate Agents The Famagusta district, especially the beach areas (Paralimni-Ayia Napa-Sotira) seem to have been left behind in terms of planning zones and building coefficients. The area which attracts the most tourists (local and foreign) does not have
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The two major parties in Bavaria’s state parliament, the SPD and the CSU, have both published draft legislation to prohibit the commercial use of residential property in Germany without prior consent. The two draft laws are extremely similar, and both seek to add clarity to the term “misuse of property” (Zweckentfremdung). According to the
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