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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The world economy is still characterised by low growth, and uncertainty is high particularly as regards the effects of Brexit, the US presidential election and the geopolitical situation. Nordea expects the Nordic region to grow in line with other advanced economies. Nordea’s new economic forecast projects global growth of 3.0% this year and around
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate & Project Managers Is it possible for prices of new apartments to fall in a day and even to a level that is affordable for young people and low-earners? Can such an objective be achieved without subsidies, without taxes and grants,
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L’ Union Nationale (Tourism and Sea Resorts) Limited, owner of the former Le Meridien in Limassol, has reached an agreement with Starwood Hotels & Resorts (soon, Marriott International) for the use of its Luxury Collection Brand in association with its 5-star deluxe beach resort property, the Parklane in Limassol. Designed by The Harrods Design Studio,
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‘The future lies with fully compliant jurisdictions like Cyprus’ The administrative services sector has enjoyed a growth path that has been at a faster pace than the economy itself, but a lot more has to be done to make Cyprus more attractive and competitive among rival jurisdictions, said George Savvides, Partner, Fiducenter (Cyprus) Ltd.
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Mobile financial services has immense potential to grow the reach of financial services and increase the convenience and ease of use for customers around the world, particularly in emerging markets. This is according to the EY report: Decoding mobile financial services – Innovation and collaboration to drive growth. For financial institutions, mobile financial services
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* DBRS confirms rating at A (high), ‘stable’ trend, Brexit risk remains * DBRS, Inc. confirmed on Friday the Republic of Ireland’s long-term foreign and local currency issuer ratings at A (high) and its short-term foreign and local currency issuer ratings at R-1 (middle). All ratings have a Stable Trend. The confirmation of the
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Tourism and Energy Minister Giorgos Lakkotrypis said that 2016 will be exceptionally good in terms of tourist arrivals and tourist revenue, with a record season as arrivals will be up by half a million compared to 2015. “The issue is to be able to repeat this performance in years to follow and to create
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Seasonally adjusted GDP rose by 0.7% in the second quarter of 2016, compared to the previous quarter and by 2.7% compared to the same quarter of the previous year, according to Eurostat estimates. Meanwhile, GDP rose by 0.3% in the euro area (EA19) and by 0.4% in the EU28 during the second quarter of
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