This year’s KEANITA competition concluded in July, with a memorable educational trip for the young winners. The ecological competition, within the framework of the program “KEANITA Thinks Green”, takes place every two years in collaboration with TetraPak and the Ministry of Education and Culture, with the aim to create awareness among children about the environment
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By Jameel Ahmad, Chief Market Analyst, FXTM The second trading day of the week commenced with an unexpected surprise after the People’s Bank of China (PBoC) shocked the markets overnight by devaluing the Yuan in a move that has blasted the USDCNY from 6.21 to 6.37 in just a few hours. China has acted swiftly
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The Greek government agreed with its creditors on the primary budget targets for 2015-2018, according to government sources cited by the Athens News Agency on Tuesday. The two sides agreed on the following targets for the primary budget: – in 2015, a primary deficit of -0.25% of GDP; – in 2016, a primary surplus of
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Bank of Cyprus has been greenlighted by the Commission for the Protection of Competition (CPC) to sell a 65% controlling stake in the holding company of the Thomson Sensatori Aphrodite Hills Resort near Paphos, to a group of US-based investors, with an estimated benefit of €58.5 mln. Though transaction details were not revealed, the sale
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Cypriot-owned firm awarded by Capital Finance International In yet another recognition of its outstanding performance, Alpen Invest, the investment firm that presented its portfolio and strategy in Nicosia this June, has been named as the Best Fund Management Team in South Eastern Europe for 2015 by Capital Finance International. Headquartered in London, Capital Finance International
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The Ifo Index for the economic climate in the euro area edged downwards in the third quarter of 2015 and dropped to 124.0 points from 129.2 points last quarter, the Munich-based research institute said Thursday. While assessments of the current economic situation brightened slightly, the six-month economic outlook clouded over markedly, Ifo said, adding that
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Microsoft Cyprus also actively committed to supporting local communities in Cyprus In recognition of its outstanding performance and strong track record in responsible corporate practices across the United States, Microsoft has topped Corporate Responsibility magazine’s 15th list annual 100 Best Corporate Citizens, rising from its fourth place achievement last year. The overall ranking was based
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* Elements subsidiary wins CFI award for best fund managers * Elements Capital Partners, a Cyprus-based investment house that focuses on distressed assets and private equity opportunities in south eastern Europe, plans to raise funds under management in order to have the financial arsenal to grab opportunities in the area. With some EUR 900 mln
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Written by Jameel Ahmad, Chief Market Analyst at FXTM An encouraging overnight China PMI and some stabilisation in the commodity markets should provide inspiration for indices to trade higher on Wednesday. There will be some relief and eased anxieties around the China economy following one of their PMIs returning to growth, but other data has
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Two landmark events this week have paved the way to boost trade and cooperation with Iran, while Cyprus officials have also stated that the island could become a bridge to the EU for Iran. The Cyprus-Iranian Business Association was established on Tuesday with 75 enterprises signed up as members, the same day as an agreement
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