US President Barack Obama said that the prospects for a settlement in Cyprus problem are the best that have been for some time, and has urged the parties to continue their work. In statements after a meeting with Greek Prime Minister Alexis Tsipras in Athens, Obama said that they “discussed Cyprus where the prospects
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The Bank of Cyprus, the island’s premier lender that has turned around its finances since the economy collapsed over three years ago, aims to seek a listing on the London Stock Exchange and maintain its presence on the Cyprus Stock Exchange using a holding company structure. The shares will no longer be traded on
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* €5 mln net profit in quarter, €62 mln 9M; -16% from 9M15 Third quarter profits at the Bank of Cyprus were EUR 5 mln, a million short of the second quarter profit, for an accumulated 9-month result of EUR 62 mln, 16% down from the three-quarter profits this time last year. But the
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. Now that the dust has settled from the “unexpected” election results in the U.S., there are some lessons to be learned and mistakes that should not be repeated. First and foremost, don’t bask in arrogance and never take your pollsters for granted, an argument that has been evident in recent presidential races and
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate & Project Managers Mountain resorts, hotels, leisure centres, etc., are collapsing economically, while the conversion of mountain hotels to apartments for sale, etc., is the worst that could happen, even though due to the poor number of tourists on a constant
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Confidence in the real estate sector is improving around the world, but most notably in EU markets, where investors’ demand is growing, according to property professionals responding to the latest RICS Global Commercial Property Monitor. During the third quarter of 2016, investment demand for commercial property has been particularly strong in a number of
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. By Costis Stambolis Almost a month ago, on October 10, a final intergovernmental agreement was signed in Istanbul, in the presence of Russia’s president Vladimir Putin and Turkey’s Tayip Erdogan, for the construction of “Turkish Stream” a huge gas pipeline which will ship, Russian gas across the Black Sea to Turkey’s mainland. For
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Remedica, a leading generics pharmaceutical manufacturer of Cyprus, announced the signing of an agreement for the acquisition of 100% of its shares by Ascendis Health, an international company listed on the Johannesburg stock exchange of South Africa. In the deal worth €260 mln, Remedica will integrate the Ascendis Pharma-Med division and will become an
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Esben Poulsson, Chairman of the International Chamber of Shipping (ICS), told Cyprus ship owners and managers that resolving the island’s political problem of division will help remove Turkey’s embargo on Cyprus-flag vessels. This in turn will greatly benefit the island’s shipping industry, just as was the case with the unification of Vietnam, he told
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Organisers of the “Cyprus Investment Opportunities Conference” have succeeded to invite 55 of the most prominent world wide investors to attend to the event to take place later this month. Most of the investors come from the Arab business world and they are known for their interest in investing in new projects in European
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