European Commission Vice-President Viviane Reding’s recent comments that the Troika’s time under its current shape is over has reignited the debate in Europe over whether the IMF and the Commission/ECB should head their own ways. In the UK, some economists have been discussing such a prospect for some time now. Last month, Wolfgang Münchau of
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New vehicle registrations fell by 36.6% in the first six months of the year, data published on Tuesday by the Cyprus Statistical Service show. The total number of newly registered vehicles came to 9,258 at the first six months of 2013 compared to 14,613 at the same period of 2012. Privately owned saloon registrations recorded
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A new internet portal grants biomedical researchers access to information about cancer research and established pharmaceutical agents from 83 global data sources. According to a University of Cyprus announcement, the main target of the portal www.granatum.org is to facilitate researchers, by accelerating the research process and cutting down costs. Granatum is aimed at university scientists,
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. By Petros Florides Despite the growing influence of international investors demanding greater harmonisation of standards, “corporate governance” can still mean different things to different people. The continued use of a product or practice is based on history, culture and experience. A look at just a few countries demonstrates this is true of corporate governance
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. The economic crisis and having to deal with the reality of the aftershocks were supposed to have helped change the selfish attitudes of all Cypriots, making us more human and a return to family values. But the merry go round of long-winded arguments have proven that attitudes die hard in Cyprus, especially if they
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. * Outspoken commentator and academic Theo Panayotou takes a critical look at what has been done, and what not, in the past five months of policy decisions and action in Cyprus. By Theodore Panayotou Cyprus International Institute of Management (CIIM) No one can accuse the government of Cyprus of doing a lot of fire
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. By Stelios Stylianakis Country General Manager TNT Express (Cyprus) Ltd. Optimising transportation costs requires the consideration of a number of factors. There is clearly a general trade-off between speed of transport and corresponding transportation costs. For example, sea transportation is much cheaper than by air. Consequently, transit times and respective costs, as well as
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. By Petros Florides Albert Einstein defined insanity as doing the same things over and over but expecting different results. When it comes to corporate governance, Cypriots have a choice to make. Do we certify ourselves insane by continuing with the same philosophy and practices that led to the mass destruction of wealth and loss
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The government is introducing a tax amnesty, the third by successive governments in the past two decades, to repatriate funds, but on the condition that they be invested before the end of the year Government spokesman Christos Stylianides said the decision taken at the Cabinet meeting last Thursday was "for purposes of attracting foreign investments
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* Sells Kyprou Asset Management for €2 mln * Bank of Cyprus (BOCY) said that it studying the possibility of splitting the bank into a commercial and a real estate bank, but would not risk the mortgaged properties held as security. This seems to be a turnaround from initial thoughts by the interim management to
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