Tourism and Energy Minister Giorgos Lakkotrypis has taken his excitement about future tourist arrivals down by one notch, expressing ‘cautious optimism’ for the prospects next year. He told travel industry professionals during this week’s World Travel Market in London that 2017 will be an even better year than 2016 in terms of attracting visitors.
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Τhe Bank of Cyprus was named Best Private Bank in Cyprus for 2017 by Global Finance magazine which announced its second annual World’s Best Private Banks Awards for 2017, marking outstanding banks in a variety of categories. The Award Best Bank for Private Banking, presented to Bank of Cyprus for the second time, provides
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One of the most important conferences in the telecommunications sector, that of the Management Committee of EIG (Europe India Gateway) took place in Limassol recently, under the auspices of MTN. MTN Group, one of the most important partners in EIG is one of the most important cable systems in the world, together with another
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Senior executive of leading Cypriot businesses attended the event “Boards of Directors and Audit Committee at the heart of audit reform” in Nicosia organised by PwC Cyprus, the Institute of Directors Cyprus (IoD) and the European Confederation of Directors’ Associations (ecoDa). Executives were briefed on the developments in the auditing services industry and the
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Seasonally adjusted volume of retail trade fell by -0.2% in both the euro area (EA19) and the EU28, in September compared with August, according to estimates from Eurostat, but compared with September 2015 the calendar adjusted retail sales index increased by 1.1% in the euro area and by 2.2% in the EU28. In Cyprus,
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A senior UN official said he is hopeful of progress and that the second day of direct talks between the island’s two community leaders was ‘productive’. Dispelling fears that both President Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci had a long way to go to overcome a wide divergence on issues, primarily that
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An International Monetary Fund (IMF) mission is arriving in Cyprus on Wednesday to conduct comprehensive tax diagnostics, IMF Representative in Cyprus Vincenzo Guzzo told the Cyprus News Agency. “In the context of the technical assistance on the economic and financial aspects of a potential settlement of the Cyprus problem, an IMF mission will visit
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. Although the plan to privatise the electricity authority was shelved by parliament last April, the utility’s management, undeterred by boardroom politics and trade union antics, seems to have returned to its initial mission of providing a safe, affordable and constant supply of energy to the consumer. The EAC is currently conducting a public
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Residential prices for both houses and flats increased by 0.3% and 0.2%, respectively, in the second quarter with the biggest increase being in Larnaca (1.1% for flats) and Paphos (1.1% for houses), according to the 26 th RICS Cyprus Property Price Index. Values for holiday homes increased by 2.7% (flats) and 1.1% (houses). The
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. By Antonis Loizou – Antonis Loizou & Associates Ltd – Real Estate & Project Managers Although I have been writing for quite some time, the persistence of the respective governments and various government officials and others on some issues and their inability to separate theory from treality, will never cease to surprise us.
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