Cyprus is sufficiently prepared to get the best possible results in relation to the first evaluation of the implementation of its adjustment program, President Nicos Anastasiades has said. In statements on the sidelines of his visit to the headquarters of the National Guard on Friday, President Anastasiades said that the evaluation is still in its
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The Republic of Cyprus will fully implement the provisions of the Regulation concerning the Schengen Borders Code, which establishes common rules on standards and procedures for the control of entry of persons at the external borders of the member states of the EU and the implementation of which is obligatory for Cyprus. According to a
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Delegates were informed on the Cyprus economy, the real estate market’s prospects and the usurpation of Greek Cypriot properties in the occupied areas All issues concerning the global real estate market were discussed at the Annual World Congress of the International Real Estate Federation (FIABCI International), which was recently held in Taichung, Taiwan. Cyprus was
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Queen Elizabeth hopes baby comes soon as she's off on holiday British mother and baby products retailer Mothercare is hoping the imminent birth of the nation's heir to the throne will provide a fillip to the business after it reported a drop in sales in its home market in the latest quarter. Many retailers are
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Etihad Airways announced its strongest second quarter and half-year financial performances on record, reflecting continued solid growth in its airline alliance strategy and global cargo operations. The national carrier of the United Arab Emirates achieved an eight per cent increase in Q2 2013 passenger revenues, generating US $921 million (2012: US $855 million), while passenger
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The US dollar started the week on a positive note with strength across the board. However, the market demonstrated a degree of surprise and confusion when rumours began to spread that Federal Reserve Chairman Ben Bernanke might not trim the stimulus in September as expected. On Wednesday, Bernanke confirmed these rumours reiterating his previous statements
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Russia's auto market is on track to overtake Germany and become the largest in Europe – and the fifth biggest globally – by 2020 as car ownership increases, supporting a large local industry, a Boston Consulting Group report said. Western carmakers including General Motors, Ford , Renault and Fiat have invested heavily in Russia, betting
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Detroit filed the largest municipal bankruptcy in U.S. history on Thursday, setting the stage for a costly court battle with creditors and opening a new chapter in the long struggle to revive the city that was the cradle of the American auto industry. The bankruptcy, if approved by a federal judge, would force Detroit's thousands
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Hellenic Bank announced on Thursday the main terms of its capital enhancement plan in a bid to meet the Core Tier 1 nine percent (9%) requirement to be in place in the Cyprus banking sector as of September 2013, calling for an extraordinary shareholders meeting on August 17. The Bank aspires to raise approximately €500
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Cyprus is considering the possibility to set up an investment bank aiming at attracting possible German assistance to Cyprus, Government Spokesman Christos Stylianides has said. Responding to a question, following a Council of Ministers meeting, Stylianides said the government is considering all possibilities, which could increase liquidity to the Cypriot economy, which received a major
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