A rare interview with Monaco-Matin newspaper offers a glimpse into the life of entrepreneur–investor and President of Monaco Football Club, Dmitry Rybolovlev, the man who has changed the fortunes of one of Europe’s premier sporting brands through determination, perseverance, strength of character and talent. In just over three years, Dmitry Rybolovlev has transformed Monaco FC
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PGS Lighting Electrical re-launches the innovative LED “Pay As You Save” scheme, which -since 2013- has helped a large number of buildings in Cyprus to significantly reduce the cost of their electricity bill and save energy. The scheme offers multiple advantages with the most appealing feature being the flexible payment terms: monthly installments equivalent to
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The research findings could lead to new cancer-fighting therapies Researchers at the Hadassah Medical Center and Hebrew University have found that the most common form of white blood cells, called neutrophils, contain at least three distinct subtypes. Some fight the development of cancer, while others provide a hospitable environment for their growth. The research findings
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There was pressure on oil prices as crude continued to fall on Tuesday with news that Iran and the world powers were picking up pace on their nuclear talks, a development that could ease sanctions on Tehran and would allow more exports from OPEC-member Iran. News reports suggested that the six world powers – the
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On the occasion of the 20th Anniversary of the diplomatic relations between the Republic of Korea and the Republic of Cyprus, the Embassy of the Republic of Korea will host several events from 25 to 27 May 2015 that will include photo exhibition, seminar, film projection and reception.
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The Cooperative Central Bank announced net profits of €41.2 mln for 2014, a major turnaround from the €1.7 bln losses at the end of 2013 that had prompted the government to rescue the bank with €1.5 bln and impose a radical reform programme. The bank said its profits were achieved despite an increase in accumulated
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The merger of Emporiki Bank Cyprus Ltd and Alpha Bank Cyprus Ltd, as well as the transition of the Emporiki Bank Cyprus platform into the Alpha Bank Cyprus system was concluded over the weekend, the two banks said in an announcement. As of Monday, March 30, all Emporiki customers in Cyprus will be served by
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The European Bank for Construction and Development, the EU’s development bank, plans to pump about 200 mln euros into the Cyprus financial and energy sectors in 2015, as part of the 600 mln programme until the end of the decade. Visiting EBRD Vice President Phil Bennett said on Monday after a meeting with President Nicos
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Credit constraints for German companies edged down to 16.1% in March from 16.2% last month, dipping to a new historic low for the third month in succession. Financing conditions for companies in Germany remain excellent. In manufacturing credit constraints rose marginally to 13.9%. The number of small and medium-sized firms reporting problems obtaining bank loans
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Two major sea terminal operators are keen to develop the commercial operations of Limassol port, the biggest in Cyprus and part of the government’s privatisation plan that needs to raise EUR 1.4 bln in four years. Netherlands-based APM Terminals and Dubai’s DP World are said to have shown interest, with the government abandoning earlier plans
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