On the occasion of the 2017 European Bank for Reconstruction and Development (EBRD) Annual Meeting and Business Forum and further to the Memorandum of Understanding signed by the Minister of Finance and the Secretary General of EBRD, RCB Bank announced that it will be the Main Host Sponsor. The event will be taking place at
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate & Project Managers After the first and second wave of migrants seeking better fortunes overseas in the 1950s and 1960s, since 2013 we have witnessed a new wave émigrés leaving the country. But in contrast with the previous trends, linked directly
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The house price improved marginally in the third quarter of 2016, according to the the Central Bank of Cyprus index that saw its first increase since 2009. Prices for apartments and houses increased by 0.1%, the central bank said, noting that this small increase suggests that the prices continue to stabilise. This follows last
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By Jameel Ahmad, VP Market Research at FXTM Despite a variety of upbeat comments from different Federal Reserve officials in recent days, the Dollar Index appears to be at risk of dropping below the psychological 100 level. Why could this be? Perhaps investors are concerned that the Trump administration will turn its attention
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* 2016 growth at 2.8%, 0.5% in Q4, says Cystat * The biggest main risk to satisfactory and sustainable growth rates is “our bad self”, Finance Minister Harris Georgiades said on Tuesday, following the release of the Statistical Service’s preliminary estimate for a growth rate of 2.8% for the last quarter of 2016 and the
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Cyprus is experiencing a solid economic recovery and growth is expected to remain robust, although it looks set to slow slightly, according to the European Commission winter forecast. Inflation is projected to turn moderately positive this year and the labour market is expected to perform strongly. Banks remain burdened by non-performing loans, despite
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The government plans to create a naval fleet of three open sea vessels and two smaller coast guard vessels by the end of 2020, by when the upgrade of the naval base infrastructure should have been completed. The decision coincides with Cyprus’ recent discovery of vast oil and natural gas reserves off the southern
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The growing trend in tourist arrivals and tourism revenue is expected to continue this year, with Tourism Minister Yiorgos Lakkotrypis saying that “a new national strategy for the tourism industry is about to be concluded. Dpeaking at the annual meeting of the Cyprus Hoteliers’ Association (Pasyxe), Lakkotrypis said that 2016 was a landmark year
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The American International School in Cyprus (AISC), through it’s parent organisation, Esol Education, is extending an opportunity for Cyprus students to join its summer cohort at the Stanford Pre-Collegiate International Institutes, a two-week residential programme at Stanford University in California, ranked second in the world by QS and third by Times Higher Education. To
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The Cyprus Development Bank (cdbbank) has been awarded as Best Corporate Bank Cyprus 2016 by the financial and business magazine Capital Finance International (CFI.co). Receiving the award, George Spyrides, acting Chief Executive Officer of cdbbank, noted that “this international accolade confirms the high level of services offered by the bank to its local and
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