* Construction of the EuroAsia Interconnector for the Israel-Cyprus-Crete-Attica ‘electricity highway’ to begin in 2017 * The official operator of the EuroAsia Interconnector electricity connection, a project approved and supported by the European Commission, announced that the technical and economic studies have successfully concluded and work on the 1520km ‘electricity highway’ that will secure international
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Jonathan Taylor, Vice President of the European Investment Bank (EIB) and Finance Minister Harris Georgiades, as well as Agriculture and Natural Resources Minister Nicos Kouyialis signed a pair loan agreements worth 55 mln euros for projects that will improve Nicosia’s drinking water supply and extends anti-flooding infrastructure. The EIB signed a EUR 40 mln
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RCB Bank announced that it has extended its cooperation with the European Investment Bank (EIB) and the government to achieve viable growth for the Cyprus economy by supporting small and medium sized enterprises. Further to the current cooperation between RCB and the EIB which regarded a EUR 20 mln funding facility allocated for the
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. What Cyprus needs is a radical re-think of its tourism policy, by looking far ahead into the future and deploying a mid- to long-term strategy based on worldwide trends, changing needs of consumers, global warming and, above all, sustainability. The first three are easy to identify as there are tens, if not hundreds,
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* Commencement of construction works only a few weeks away * Sales of the apartments on buildings A and B have already reached 40%, recording an unprecedented momentum for Limassol Del Mar. According to the Marketing Manager of the project, Eleftheria Voskaridou, this significant percentage in pre-sales constitutes a market record, taking into consideration the
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* Mazars executive sees merger as part of global expansion * * Development of China and Russia growth markets * A senior executive of one of the leading audit and advisory firms believes that the future for Cyprus is bright, which is why Mazars has merged with a local firm to make the island the
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Speaking during the inauguration of the new Dodoni factory in Cyprus, Panayiotis Loizides, Chairman of the Board of Directors of RCB Bank, expressed his satisfaction that an important investment in the Cyprus economy became a reality with the Bank’s support. Noting that the investment relates to a productive sector of the economy that will
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. By Antonis Loizou – Antonis Loizou & Associates Ltd – Real Estate & Project Managers The extension of the tourist season, which is expected with a proportionate increase in the number of tourists and state revenues, is a precursor for the improvement in our economy and, of course, by extension the real estate industry.
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“Where there’s a will there’s a way†UKRAINE: The Mriya Affair “Where there’s a will there’s a way” By Andri Antoniou By the time the “looting campaign” against one of Ukraine’s largest agricultural operators, the Mriya Group of companies, by its founding members (Ivan and Klavdiya Guta) came to an end, it was left with
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Plans to prolong a 10% increase in the EU contribution towards project costs in Greece until 30 June of the year following the end of its economic adjustment programme were approved by Regional Development Committee MEPs on Tuesday. MEPs also approved a special provision whereby the EU would pay up to 85% of project costs
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