. Marcuard's Market update by GaveKal Dragonomics While the world’s headlines are concentrating on Greece, the real drama in financial markets is happening much further to the East. Since its peak in mid-June, the Shanghai Composite Index has now fallen by almost -30%, putting mainland Chinese shares in what is generally accepted to be bear
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. By Oren Laurent President, Banc De Binary This story began several weeks ago, when Donald Trump, the real-estate tycoon and television personality, made some offensive remarks about Mexican immigrants during his June 16 presidential campaign announcement. Trump’s remarks set off a chain reaction which began in the Mexican American community raising an uproar and
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. No matter what the outcome of the ongoing efforts to save the Greek economy from crumbling, the government in Cyprus will once again become the punching bag for noisy opposition leaders, many of whom do not know where to turn their frustration or inability to do the ‘right thing’ and show practical support to
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A seafront fortress with imposing walls designed by Leonardo Da Vinci is up for sale for about 5-10 mln euros by premium realtors Lionard Luxury Real Estate of Florence. The fortress, located in Livorno, Tuscany, was briefly used as a dwelling by Da Vinci himself in 1502 and was later owned by Napoleon's sister, Princess
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. By George Mouskides Each and every property in Cyprus is taxed three times: at acquisition, while it is being held and upon its sale. It is a well-known fact that in Cyprus, properties are heavily taxed when they are sold or bought and they draw a negative comparison with what is the norm in
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate & Project Managers The whole property and construction sector has been following the proposals by President Nicos Anstasiades to adopt on a permanent basis a set of development incentives which he declared in May, 2013. At the same time, we continue
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Property sales continue to grow for the fifth consecutive month in 2015, both from the domestic and especially from the overseas markets, with Paphos continuing to lead in purchase contracts by foreign buyers recorded at the Department of Lands and Registry by 36%. By comparison, Limassol accounted for 26%, Larnaca 18%, Nicosia 10% and Famagusta
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The UK Cyprus Enterprise Council joined forces with the International Professionals Association (IPA) to organise a seminar at the Cyprus High Commission in London last week to promote the island’s attractions as a centre for services, enterprise and investment. UKCEC Chairman Peter Droussiotis and IPA Chairman Simon Denton welcomed a packed and diverse audience of
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The Cyprus Institute of Marketing has officially been inducted into membership of the Association of Commonwealth Universities (ACU), joining the University of Cyprus and Philips College as its third member from Cyprus. The announcement was made at a special ceremony at the British High Commissioner’s residence in Nicosia by Joyce Achampong, Director of External Engagement
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Despite wider speculation that cash-strapped banks in Greece may face closure as the European Central Bank tries to a aver a financial meltdown as witnessed in Cyprus in 2013, their subsidiaries on the island have been ‘ringfenced’ by the local central bank, but may change hands, according to reports. The ECB has warned that its
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