German business morale edged up in June as exporters anticipated an upturn in fortunes, raising hopes that Europe's largest economy is putting recent weakness behind it – though a fragile global backdrop suggested the mood could darken. The Munich-based Ifo think-tank said on Monday its business climate index, based on a monthly survey of some
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. By Dr. Jim Leontiades Cyprus International Institute of Management A president’s first few months in office are traditionally a honeymoon period. Voters withhold judgment until the new president has had a chance to show some results. That period is now over. I think everyone realises you took over the office at a particularly difficult
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. By Rakis Christoforou BBA, CPA/ABV/CFF, CGMA, ACFE Whistleblowing continues to emerge abroad as an important tool in uncovering wrongdoing and prosecuting or punishing offenders. Several recent court cases have been settled successfully based on whistleblowing efforts, and advocacy groups and government regulators in the United States, the United Kingdom and elsewhere took additional steps
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. Strange, how even in the present troubled times, there still is no solidarity, friends have disappeared, alliances have collapsed and basically it’s everyone for himself. We’re not talking about support towards Cyprus from other Euro zone members, but solidarity among groups of strikers and soon-to-be-laid-off personnel at banks, Cyprus Airways, semi-government organisations, etc. Clearly
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FIFA has not discussed the possibility of cancelling the Confederations Cup, which has been overshadowed by protests sweeping Brazil, soccer's governing body said on Friday. "To date, neither FIFA nor the local organising committee have ever discussed any such possibility of cancelling the FIFA Confederations Cup," FIFA said in a statement sent to Reuters. In
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Turkish Prime Minister Tayyip Erdogan addressed thousands of cheering supporters in the conservative stronghold of Kayseri on Friday, appealing to grassroots followers after weeks of often violent protest against him and his government. A sea of flags filled the main square of this industrial city in Anatolia's pious heartland. A giant portrait of Erdogan hung
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President Vladimir Putin unveiled a $13 bln investment plan on Friday to build roads and railways across Russia and show he is not steering the country into political and economic stagnation. But in a speech setting out moves to curb inflation, boost economic growth and sack the heads of under-performing state firms, he failed to
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Eurozone ministers want to see the island’s largest lender, Bank of Cyprus, exit its resolution status as early as possible, with a commitment that the island’s government, too, will keep to the bailout plan and implement reforms and cutbacks. Euro area Finance Ministers said that “a determined implementation of the Cypriot adjustment programme, as agreed
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Cooperative credit institutions should continue their social role, said outgoing Cooperative Central Bank Director General Erotokritos Chlorakiotis, rejecting rumours of a haircut on deposits as part of an international bailout plan for Cyprus. Chlorakiotis, who announced he is stepping down earlier than planned at the end of September, said the coop banks’ recapitalisation needs of
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Cyprus was the most expensive country for milk, cheese and eggs in 2012 among EU member states, according to data released on Friday by the statistical office of the European Union (Eurostat). In 2012, the price level of a comparable basket of food and non-alcoholic beverages was more than twice as high in the most
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