The second week of 2014 included a number of significant economic data releases in the European Union, with the German Consumer Price Index (YoY) for December leading the frontline on January 6th, released at 1.4% as expected and acting as a small improvement from the previous month's 1.3%. The German Harmonised Index of Consumer Prices
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Approximately 100 participants will take part in the five-day Famagusta Ecocity Project Design Studio launching on Thursday to draft a range of design proposals for turning the ghost town of Varosha and the wider Famagusta area into a model reunited ecocity, fit for the 21st century. According to a press release, the design studio, led
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Cyprus University of Technology has been awarded the DS Label (Diploma Supplement Label) by the European Commission. According to a press release issued Tuesday, the Commission (DG Education and Culture) awards labels to Higher Education Institutions that apply the European Credit Transfer and Accumulation System and/or the Diploma Supplement correctly in all respects. The ECTS
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Finance Minister Harris Georgiades has said that there is a need for the government and the parliament to work in close cooperation and coordination in order for the legislation governing the creation of a solidarity fund to be better regulated. Finance Minister and Attorney General on Monday attended the meeting of the House Finance Committee
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Cyprus, Greece and Malta will intensify their cooperation to promote common interests both within and outside the EU, stated Monday Communications and Works Minister Tasos Mitsopoulos. He made the remark after he and his counterparts from Greece and Malta, Miltiadis Varvitsiotis and Josephon Mizzi, respectively were received by President of the Republic, Nicos Anastasiades. Earlier
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Cyprus President Nicos Anastasiades arrives Tuesday afternoon in London where he will pay a four day visit and meet British Prime Minister David Cameron. On Tuesday evening, President Anastasiades will address an event, hosted by overseas Cypriot organizations. On Wednesday the President will attend a working breakfast with British Foreign Secretary William Hague and later
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. By Oren Laurent President, Banc De Binary On Monday, Switzerland’s central bank revealed that it expects to record a loss of around 9 bln francs for 2013 and will be unable to pay its usual dividends to the government and shareholders. This is not because it has traded recklessly this year, nor because the
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. By Petros Florides The Memorandum of Understanding between Cyprus and its international lenders contains many references to good governance. On the assumption that agreements are entered in good faith, there is a moral, as well as legal obligation to meet this expectation. Of all the principles underpinning good governance, transparency is probably the most
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. The New Year started with as much frustration and disappointment as we had stuffed in our 2012 Christmas stockings going on to 2013. President Anastasiades is struggling with the Cyprob, the economy is still in tatters, his appointments to semi-government organisations smacked of favouritism and there still is no news as regards the casino
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. Marcuard's Market update by GaveKal Research For the first time since 2008, investors, economists and business people can say “Happy New Year” without irony. While last year was statistically disappointing, with global growth slowing slightly from 2012 and apparently belying the optimism we expressed last January, the verdict of financial markets and business sentiment
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