. By Antonis Loizou – Antonis Loizou & Associates Ltd – Real Estate & Project Managers All beaches of Cyprus have the so-called beach protection zone, a strip of about 300 feet (100m) from the water in which no construction is allowed, not even pavements, or fence or even a pergola. The ownership of that
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. By Dr. Jim Leontiades Cyprus International Institute of Management There is growing evidence that the wages of middle class workers in both North America and Europe have stagnated for the past several decades. For the first time in recent memory children in these countries face the prospect of earning less than their parents.
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. By Marios Demetriades Minister of Transport, Communications and Works Cyprus and Georgia enjoy a strong cooperation and friendly relationship in the area of shipping and this is further supported by the signing of the Bilateral Agreement on Merchant Shipping in 2014. Among others, the agreement provides for favoured-nation treatment for ships registered under both
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* Moore Stephens survey finds slowdown in risk management contribution to success * Not enough companies in the shipping industry are following joined-up risk management procedures, according to international accountant and shipping adviser Moore Stephens. The second annual Moore Stephens Shipping Risk Survey revealed a fall, when compared to last year, in the overall
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International classification society Bureau Veritas has recognised MSC Cruises, the world’s largest privately-owned cruise line, with the 2016 Special Safety Best Practices Award for the high level of voluntary-enhanced safety procedures implemented across its entire fleet. The award follows the performance of additional drills witnessed by Bureau Veritas for better training and readiness of
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United Shipping, Inc., the worldwide association of independently-owned freight forwarders and customs brokers with over 435 offices in 85 countries, announced that Cyprus Global Logistics has joined as a new member of the network. CGL was established in Limassol in 2006 and has ten employees with over a 150 years of experience among them
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* Revenues up 1% – spending up 2.3% * The government has drafted a state budget for 2017 that sees a 1.1% increase in revenues, and a 2.3% increase in spending, resulting in a fiscal balance of 0.6% of GDP, bigger than the 0.3% targeted for this year. This follows statements by Finance Minister
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Cyprus Hydrocarbons Company (CHC), the national oil and gas company of Cyprus, has named Lloyd's Register as independent commercial advisor for its commercial exploitation of hydrocarbons in the Exclusive Economic Zone (EEZ) of the Republic of Cyprus. “Our work includes a number of activities such as assisting CHC in realising its options and strategies
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Loïc Wallaert, partner of Mazars in France and Advisor to the Group Executive Board, is in Cyprus for the launch event of Mazars in Cyprus, taking place at the Hilton on Wednesday. The event, where Finance Minister Haris Georghiades has also been invited, marks the end of the local associates of Mazars, Nacouzi & Co.,
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. Workers at the Limassol desalination plant went on strike this week, demanding a re-instatement of their wages that were trimmed in 2013, when water demand had been lower, due to better rainfall and the subsequent filling up of dams. Now, the workers at the operator Limassol Water Co., say they are working at
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