. By Marios Demetriades Minister of Transport, Communications and Works The continued development of the maritime sector of the Cyprus economy has been and remains a steady target of achievement and priority of all the Ministers of Transport, Communications and Works. Cyprus, through its attractive business infrastructure that was created in the past 30
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* State sponsorship with grants, scholarships and placement * The Cyprus Maritime Academy, a joint venture initiated by the University of Nicosia in cooperation with more than a dozen major ship-owning and ship management companies based in Cyprus, has launched its operations with enrolment in the first year expected at 35-40 students. Speaking at
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Toll Global Forwarding (TGF), a division of Toll Group, the Asia Pacific region’s leading provider of transport and logistics, has established a presence in Cyprus with a franchise office fully operational as of July 1. The establishment of the office – through an agreement signed locally with Laktarget Freight Limited, a subsidiary of the
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The ports of Cyprus can significantly to economic growth and to the decrease of the unemployment rate, Transport Minister Marios Demetriades said after visiting Saipem’s Castoro Sei pipelayer platform, anchored at the port of Limassol. The Minister noted that the platform’s six-month stay at the port of Limassol – to be used on the
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By Lukman Otunuga, Research Analyst, FXTM Global stocks were searching for direction on Thursday following the sharp decline in oil prices that weighed on global sentiment consequently souring investor risk appetite. Asian shares concluded depressed mimicking recent losses from Wall Street as a combination of risk aversion and Yen’s resurgence encouraged bears to attack. In
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The number of applications for new company registrations rose in July to the pre-crisis levels (of March 2013), following an upward trend for the 11th consecutive month. According to data from the Registrar of Companies, the number of applications for new company registration increased in July to 1,287, compared to 1,079 last July, an
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The trade deficit was EUR 1,871.4 mln in January-May, compared to EUR 1,223 mln in the corresponding period of 2015, the Statistical Service announced on Tuesday. It said that total imports/arrivals in January-May amounted to EUR 2,531.2 mln compared to EUR 2,082.7 mln in January-May 2015. Total exports/dispatches were EUR 659.8 mln compared to
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After the Commandaria sweet wine, that is produced from grapes harvested only in 13 Limassol villages, the kolokasi, a vegetable grown primarily in the Sotira area, has secured Protected Designation of Origin (PDO), as well as a Protected Geographical Indication (PGI) product label from the European Commission. This is the third Cypriot product to
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate & Project Managers Even though Cyprus is considered a safe country and perhaps the safest place in the EU, however, within the real estate market there is an increasingly important issue of safety, which increases the value of a “safe” property.
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Residencial home prices remain on a stabilisation trend, the Central Bank of Cyprus announced last week. The Residential Property Price Index (for houses and apartments), compiled by the central bank showed a quarterly decline of 0.8% in April, whereas the year-on-year decline compared to the first quarter of 2015 was 1.6%, the lowest reduction
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