. By Rakis Christoforou Director, RC Business Valuation & Forensic Accounting Ltd. Due diligence needs to be considered when dealing with business appraisals; this involves delving into the background of a business, identifying any issues that could affect the business in the future, and other related matters. It is more like performing a forensic business
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* Summer discounts push prices down * The Consumer Price Index for July decreased by 1.75 units or 1.46% to 118.04 units compared to 119.79 in June, according to the Statistical Service Cystat. This is mainly due to decrease in the prices of clothing and footwear due to summer sale discounts as well as to
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Registered unemployment in Cyprus rose by 11,549 compared with the same month of the previous year in July, or by 31.7%. This was a slower pace of increase than the 37% recorded in June, but was still high by recent history. Separately Eurostat reported that the unemployment rate reached 17.3% in June. Yet we have
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* i3 and i8 Concept, AlphaCity, DriveNow, ParkNow and i Ventures tackling mobility challenges * Frost & Sullivan has recognised BMW AG with the 2013 Global Company of the Year award based on its recent analysis of the new mobility products and services market. Cars like the BMW i3 and i8 electric vehicle concepts
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* Exits resolution, ready for AGM, share to range 20-30c * * Haircut at 47.5%; 15% released; 37.5% in fixed depos * * €8 bln in recap, Core Tier 1 boosted to 12% * Bank of Cyprus is out of a state of resolution and there is no turning back. The government and the Central
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The Global Energy Tax Survey prepared by the international tax organisation Taxand explores how current tax conditions are helping or hindering the commercial development of the energy sector across four key areas: carbon trading, renewable energy, emerging markets and decommissioning. The survey, conducted in cooperation with Cyprus-based Eurofast Taxand, with offices in the Balkans, Russia
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MeritKapital, regulated and authorized by CySEC, has won the award for 'Best Investment Manager of Cyprus' for the year 2013 by World Finance. The award was granted following two competing rounds; primarily, the pool of applicants was shortlisted after a voting session of other global financial industry players such as Bloomberg, Reuters and others. Subsequently,
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Consumers and companies withdrew deposits from banks in Cyprus in June, where big account holders in the two largest lenders were forced to take a hit as part of an international bailout. The problem was made worse by the capital controls imposed by the Central Bank of Cyprus in order to prevent capital flight. However,
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The industrial production index recorded an annual drop of 16.8% in May 2013 compared with May 2012, Cyprus Statistical Service data published on Tuesday show. According to the data the index of industrial production for May 2013 reached 75.4 units (base 2005=100), recording a decrease of 16.8% compared to May 2012. For the period January
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Joanna Kozakou, Operations Manager of Sanofi, has assumed the position of President of the Cyprus Association of Research and Development Pharmaceutical Companies (KEFEA), following the departure of Daan Gijbels from Cyprus who will undertake a new position as Area Director of GlaxoSmithKline in Finland, Estonia, Latvia and Lithuania. Thanking Gijbels for his valuable contribution, the
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