Hellenic Bank announced profits for the third quarter in a row, with earnings more than double from last year at EUR 5 mln, the level of non-performing loans reduced significantly and liquidity ratios improved. The bank said profits from ‘continuing operations’ rose to EUR 5.0 mln, compared to EUR 1.9 mln for 9M 2015.
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Eurobank Cyprus Ltd., the wholly-owned subsidiary of the Greek bank which is unaffected by the troubled economy in Greece, announced ‘satisfactory’ profits in the 9-month period, where it also managed to increase deposits. Eurobank Cyprus after-tax profits reached EUR 28.9 mln for the period, which could fall short of the 39.1 mln in profits
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. By Antonis Loizou – Antonis Loizou & Associates Ltd – Real Estate & Project Managers I recently stumbled upon a very interesting buyer’s guide, written by a Briton in 2014, aptly called “Things the Estate Agents Don’t Tell You” and refers to Cyprus. Although easy to read, I was somewhat hurt by the
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. Public school teachers will have their salaries reinstate to pre-2013 levels as of January 1, simply because negotiations on renewing or extending the mild austerity measures will probably not be concluded in time. At the same time, those teachers who ‘earned’ promotions, will now start getting their upwardly revised wages. In effect, the
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The Geneva Group International (GGI), the largest interdisciplinary global network of independent lawyers, accountants and management consultants, has recently selected Eliades & Partners Ltd www.eliades.eu amongst 700 law firms in 120 countries to receive the "GGI Member Law Firm of the Year (2016)" award. Presenting the award during the GGI World Conference in Bangkok,
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. By George Mouskides Until about a year ago forced sales could take place only through the Lands and Surveys Department. Based on new legislation, banks can now go through with sales using a procedure of their own and without having to involve the Lands Department. Sales based on the new legislation kicked off in
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate & Project Managers We have finally reached the end. Of the original 12 who showed interest for the Cyprus casino, we shortlisted three and now there is only one. The reason is well known and is based on the heroic “NO”
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. The New Authoritarianism The Risk Watch Column By Dr Alan Waring Previous Risk Watch articles, e.g. Extremist Threats to Democracy (21-27 Sep 2016), have highlighted the growing threats to the fundamental democratic right to life, liberty and the pursuit of happiness. This article considers further the current phenomenon of the New Authoritarianism that is
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Bank of Cyprus’ decision to list on the London Stock Exchange (LSE) could bring a much-needed boost to liquidity in the Cyprus Stock Exchange (CSE), an expert told the annual general meeting of the Cyprus Association of Listed Companies on Tuesday, echoing the support of both the Finance Minister and the CSE Director. Τom
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Members of the European Parliament have urged the European Commission and member states to impose a temporary freeze on EU accession talks with Turkey, but the door for dialogue should remain open, unless Turkey introduces capital punishment. A resolution will be put to a vote on Thursday. The decision follows Monday’s deadlock in the
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