The Harmonised Index of Consumer Prices (HICP) in August declined by 0.6% year on year continuing deflationary pressures that began in December 2014, according to the Statistical Service, Cystat. For the period January – August, HICP marked a reduction of 1.6% compared with the corresponding period of 2015, Cystat said. Negative HICP is mainly due
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Public sector growth gained pace last year as the hiring of civil servants increased in contrast to the declining number of retirements, the Public Service Commission said in its annual report, the Cyprus News Agency reported. The Commission, which is charged with reviewing and assessing hiring and promotions in the public service, said that
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During a charity dinner in aid of the Independent Social Support Body and in the presence of President Anastasiades, officials and guests, First Lady Andri Anastasiades awarded the CEO of RCB Bank Ltd, Dr. Kirill Zimarin, “for supporting the work of the Body and other noble causes.” Anastasiades stated that “Dr. Kirill Zimarin, CEO
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Once the hype from the launch of the island’s newest low-cost carrier had died down, some of the teething problems started to surface at Cobalt, forcing a management change within a month and a need to redesign the airline’s strategy. New CEO Andrew Madar took over tasked with finding quick-fix solutions for the problem
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. Government officials have once again embarked on a campaign to persuade Joe Public that the targets pledged some three and half years ago have or are being implemented. Perhaps the upcoming municipal elections – where the junior entrants in parliament are expected to score an equally impressive result, if not better – has
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate & Project Managers Continuing in the vacation spirit of the days, I would like to remind everyone of the phrase that "the way to a man's heart is through his stomach". Foreign buyers, particularly Russians, especially appreciate the friendship and
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Research from flexible workspace provider Regus reveals that charity and corporate social responsibility (CSR) are a key issue for business people globally. Workers report that faced between two similar job offers, they would be swayed by the company that can prove they are making a charitable contribution and giving back in some way. Of
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* ‘Tonnage Tax’ system seems to be paying off * Following years of fluctuations in the size of the Cyprus-registered or Cyprus-owned maritime fleet, due to a major facelift and infrastructure change, whereby in the last decade there has been a decrease in the number of vessels flying the Cyprus flag, but there has been
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* But 4% of world shipping fleet controlled from Cyprus * The Cyprus Registry currently ranks as the tenth largest merchant fleet worldwide and the third largest fleet in the European Union with 1,000 ocean-going vessels of a gross tonnage exceeding 20 mln. However, comparing the statistics of the last 15 years, one can easily
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* ELA reduced to €1.5 bln as Irish Holding set up * Bank of Cyprus announced EUR 56 mln in first half profits, saying in a statement that the “positive momentum continued in 2Q2016”. The bank said that its problem loans (90+ DPD) were reduced by EUR 1 bln, deposits were up by EUR
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